Ascendas India Trust
CapitaLand India Trust (CLINT) was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India. CLINT may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of … Read more
Ascendas India Trust (ACNDF) - Net Assets
Latest net assets as of December 2025: $2.09 Billion USD
Based on the latest financial reports, Ascendas India Trust (ACNDF) has net assets worth $2.09 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.66 Billion) and total liabilities ($2.57 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.09 Billion |
| % of Total Assets | 44.83% |
| Annual Growth Rate | 7.77% |
| 5-Year Change | 43.97% |
| 10-Year Change | 155.21% |
| Growth Volatility | 18.33 |
Ascendas India Trust - Net Assets Trend (2006–2025)
This chart illustrates how Ascendas India Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ascendas India Trust (2006–2025)
The table below shows the annual net assets of Ascendas India Trust from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.09 Billion | +5.87% |
| 2024-12-31 | $1.97 Billion | +20.18% |
| 2023-12-31 | $1.64 Billion | +19.10% |
| 2022-12-31 | $1.38 Billion | -4.99% |
| 2021-12-31 | $1.45 Billion | +9.46% |
| 2020-12-31 | $1.32 Billion | -0.71% |
| 2019-12-31 | $1.33 Billion | +17.25% |
| 2018-12-31 | $1.14 Billion | +13.27% |
| 2017-12-31 | $1.00 Billion | +22.81% |
| 2016-12-31 | $817.18 Million | +18.18% |
| 2015-12-31 | $691.45 Million | +2.27% |
| 2014-12-31 | $676.09 Million | +11.18% |
| 2013-12-31 | $608.11 Million | -6.24% |
| 2012-12-31 | $648.60 Million | +10.37% |
| 2011-12-31 | $587.68 Million | -12.69% |
| 2010-12-31 | $673.09 Million | -7.66% |
| 2009-12-31 | $728.94 Million | +2.57% |
| 2008-12-31 | $710.69 Million | -17.05% |
| 2007-12-31 | $856.80 Million | +70.20% |
| 2006-12-31 | $503.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ascendas India Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 150164465300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.50 Billion | 80.36% |
| Common Stock | $1.21 Billion | 64.52% |
| Other Comprehensive Income | $-866.34 Million | -46.36% |
| Other Components | $27.67 Million | 1.48% |
| Total Equity | $1.87 Billion | 100.00% |
Ascendas India Trust Competitors by Market Cap
The table below lists competitors of Ascendas India Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hexing Electrical Co Ltd
SHG:603556
|
$831.55 Million |
|
ARENDALS FOSSEKOM. NK 4
F:5VZ
|
$832.22 Million |
|
SeSa S.p.A.
PINK:SESPF
|
$832.39 Million |
|
Burke & Herbert Financial Services Corp. Common Stock
NASDAQ:BHRB
|
$832.39 Million |
|
WG Tech JiangXi Co Ltd
SHG:603773
|
$831.28 Million |
|
The Navigator Company S.A
PINK:POELF
|
$831.25 Million |
|
Companhia Siderúrgica Nacional
MX:SIDN
|
$831.16 Million |
|
TWO HARBORS INV. DL-0001
F:2H2
|
$831.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ascendas India Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,856,975,000 to 1,868,752,517, a change of 11,777,517 (0.6%).
- Net income of 322,248,361 contributed positively to equity growth.
- Dividend payments of 96,854,673 reduced retained earnings.
- New share issuances of 99,201,000 increased equity.
- Other comprehensive income decreased equity by 866,339,065.
- Other factors increased equity by 553,521,894.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $322.25 Million | +17.24% |
| Dividends Paid | $96.85 Million | -5.18% |
| Share Issuances | $99.20 Million | +5.31% |
| Other Comprehensive Income | $-866.34 Million | -46.36% |
| Other Changes | $553.52 Million | +29.62% |
| Total Change | $- | 0.63% |
Book Value vs Market Value Analysis
This analysis compares Ascendas India Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.53x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.74x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $0.99 | $0.73 | x |
| 2007-12-31 | $1.16 | $0.73 | x |
| 2008-12-31 | $0.89 | $0.73 | x |
| 2009-12-31 | $0.90 | $0.73 | x |
| 2010-12-31 | $0.82 | $0.73 | x |
| 2011-12-31 | $0.71 | $0.73 | x |
| 2012-12-31 | $0.73 | $0.73 | x |
| 2013-12-31 | $0.61 | $0.73 | x |
| 2014-12-31 | $0.68 | $0.73 | x |
| 2015-12-31 | $0.69 | $0.73 | x |
| 2016-12-31 | $0.81 | $0.73 | x |
| 2017-12-31 | $0.98 | $0.73 | x |
| 2018-12-31 | $1.01 | $0.73 | x |
| 2019-12-31 | $1.18 | $0.73 | x |
| 2020-12-31 | $1.07 | $0.73 | x |
| 2021-12-31 | $1.17 | $0.73 | x |
| 2022-12-31 | $1.11 | $0.73 | x |
| 2023-12-31 | $1.24 | $0.73 | x |
| 2024-12-31 | $1.39 | $0.73 | x |
| 2025-12-31 | $1.39 | $0.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ascendas India Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 107.01%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.49x
- Recent ROE (17.24%) is above the historical average (12.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 8.92% | 59.26% | 0.08x | 1.96x | $-4.88 Million |
| 2007 | 8.12% | 60.23% | 0.09x | 1.51x | $-14.34 Million |
| 2008 | 0.27% | 1.55% | 0.11x | 1.53x | $-65.56 Million |
| 2009 | 7.21% | 41.01% | 0.11x | 1.67x | $-19.22 Million |
| 2010 | 5.82% | 30.22% | 0.11x | 1.73x | $-26.40 Million |
| 2011 | 8.49% | 36.38% | 0.12x | 1.94x | $-8.28 Million |
| 2012 | 6.83% | 32.88% | 0.12x | 1.75x | $-19.25 Million |
| 2013 | 8.85% | 41.51% | 0.11x | 1.88x | $-6.51 Million |
| 2014 | 10.51% | 51.19% | 0.10x | 2.01x | $3.23 Million |
| 2015 | 16.40% | 72.75% | 0.11x | 2.11x | $40.88 Million |
| 2016 | 18.45% | 88.83% | 0.10x | 2.14x | $63.75 Million |
| 2017 | 20.48% | 101.68% | 0.10x | 2.05x | $97.88 Million |
| 2018 | 18.17% | 105.57% | 0.08x | 2.19x | $86.41 Million |
| 2019 | 20.64% | 129.40% | 0.08x | 2.07x | $132.45 Million |
| 2020 | 10.57% | 68.20% | 0.07x | 2.14x | $7.10 Million |
| 2021 | 14.17% | 99.77% | 0.06x | 2.31x | $56.60 Million |
| 2022 | 10.65% | 65.24% | 0.07x | 2.49x | $8.37 Million |
| 2023 | 9.55% | 62.99% | 0.06x | 2.42x | $-6.94 Million |
| 2024 | 23.63% | 157.90% | 0.06x | 2.41x | $253.08 Million |
| 2025 | 17.24% | 107.01% | 0.06x | 2.49x | $135.37 Million |
Industry Comparison
This section compares Ascendas India Trust's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $808,994,070
- Average return on equity (ROE) among peers: -20.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ascendas India Trust (ACNDF) | $2.09 Billion | 8.92% | 1.23x | $831.45 Million |
| Aroundtown SA (AANNF) | $2.43 Billion | 28.32% | 0.83x | $1.42 Billion |
| AAP Inc (AAPJ) | $-1.00 Million | 0.00% | 0.00x | $1.97 |
| Ambase Corp (ABCP) | $-4.12 Million | 0.00% | 0.00x | $6.43 Million |
| Americann Inc (ACAN) | $1.31 Million | -131.48% | 2.04x | $2.44K |
| Adler Group S.A (ADPPF) | $2.20 Billion | 17.61% | 0.90x | $41.80 Million |
| Agritek Holdings Inc (AGTK) | $487.65K | -21.43% | -0.50x | $5.39K |
| reAlpha Tech Corp. Common Stock (AIRE) | $13.17 Million | -41.42% | 0.60x | $32.30 Million |
| Avalon GloboCare Corp. (ALBT) | $7.31 Million | -47.40% | 0.73x | $2.25 Million |
| Allreal (ALRHF) | $2.64 Billion | 8.00% | 1.23x | $2.39 Billion |