DHAWF
Daiwa House Logistics Trust ("DHLT") is a Singapore real estate investment trust ("REIT") established with the investment strategy of principally investing in a portfolio of income-producing logistics and industrial real estate assets located across Asia. Its portfolio currently comprises 18 high-quality logistics properties across Japan and one property in Vietnam, with an aggregate net lettable… Read more
DHAWF (DHAWF) - Net Assets
Latest net assets as of June 2025: $519.85 Million USD
Based on the latest financial reports, DHAWF (DHAWF) has net assets worth $519.85 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.13 Billion) and total liabilities ($610.64 Million). 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 | $519.85 Million |
| % of Total Assets | 45.98% |
| Annual Growth Rate | -1.45% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.34 |
DHAWF - Net Assets Trend (2020–2024)
This chart illustrates how DHAWF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DHAWF (2020–2024)
The table below shows the annual net assets of DHAWF from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $518.13 Million | -6.39% |
| 2023-12-31 | $553.48 Million | -6.03% |
| 2022-12-31 | $589.00 Million | +7.24% |
| 2020-12-31 | $549.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DHAWF'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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $518.13 Million | 100.00% |
| Total Equity | $518.13 Million | 100.00% |
DHAWF Competitors by Market Cap
The table below lists competitors of DHAWF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blue Jet Healthcare Limited
NSE:BLUEJET
|
$146.68 Million |
|
Fuzul Gayrimenkul Yatirim Ortakligi Anonim Sirketi
IS:FZLGY
|
$146.73 Million |
|
PI Advanced Materials Co. Ltd
KQ:178920
|
$146.79 Million |
|
Owens & Minor Inc
NYSE:OMI
|
$146.82 Million |
|
GRAPHENE MANUFACT.GROUP
F:0GF
|
$146.65 Million |
|
Hes Technology Group
SHE:002963
|
$146.60 Million |
|
Biodyne Co. Ltd.
KQ:314930
|
$146.57 Million |
|
Race Oncology Limited
PINK:RAONF
|
$146.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DHAWF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 553,480,000 to 518,127,000, a change of -35,353,000 (-6.4%).
- Net income of 34,705,000 contributed positively to equity growth.
- Dividend payments of 35,244,000 reduced retained earnings.
- Other factors decreased equity by 34,814,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $34.70 Million | +6.7% |
| Dividends Paid | $35.24 Million | -6.8% |
| Other Changes | $-34.81 Million | -6.72% |
| Total Change | $- | -6.39% |
Book Value vs Market Value Analysis
This analysis compares DHAWF'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: 0.55x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.81 | $0.41 | x |
| 2022-12-31 | $0.85 | $0.41 | x |
| 2023-12-31 | $0.80 | $0.41 | x |
| 2024-12-31 | $0.74 | $0.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DHAWF 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): 6.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.78%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.09x
- Recent ROE (6.70%) is above the historical average (6.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 4.93% | 38.16% | 0.06x | 2.21x | $-27.83 Million |
| 2023 | 7.83% | 72.38% | 0.05x | 1.99x | $-12.03 Million |
| 2024 | 6.70% | 60.78% | 0.05x | 2.09x | $-17.11 Million |
Industry Comparison
This section compares DHAWF's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $10,183,117,222
- Average return on equity (ROE) among peers: 7.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DHAWF (DHAWF) | $519.85 Million | 4.93% | 1.17x | $146.66 Million |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.27 Billion | 7.41% | 0.74x | $9.40 Billion |
| BWP Trust (BUNNF) | $986.32 Million | 8.26% | 0.26x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $58.39 Million | 1.11% | 1.38x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $36.60 Billion | 18.57% | 0.50x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.63 Billion | -14.26% | 0.87x | $119.59 Million |
| Americold Realty Trust (COLD) | $1.83 Billion | 2.63% | 1.28x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.64 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| Dream Industrial Real Estate Investment Trust (DREUF) | $989.33 Million | 15.92% | 1.18x | $2.10 Billion |