Lendlease Global Commercial REIT
Listed on 2 October 2019, Lendlease Global Commercial REIT ("LREIT") is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally. These are used primarily for retail and/or office purposes. Its portfolio comprises leasehold properties in Singapore namely Jem (an office and… Read more
Lendlease Global Commercial REIT (LLGCF) - Net Assets
Latest net assets as of June 2024: $2.21 Billion USD
Based on the latest financial reports, Lendlease Global Commercial REIT (LLGCF) has net assets worth $2.21 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.83 Billion) and total liabilities ($1.62 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 | $2.21 Billion |
| % of Total Assets | 57.77% |
| Annual Growth Rate | 22.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 36.23 |
Lendlease Global Commercial REIT - Net Assets Trend (2020–2024)
This chart illustrates how Lendlease Global Commercial REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lendlease Global Commercial REIT (2020–2024)
The table below shows the annual net assets of Lendlease Global Commercial REIT from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $2.21 Billion | -0.83% |
| 2023-06-30 | $2.23 Billion | +2.39% |
| 2022-06-30 | $2.18 Billion | +88.34% |
| 2021-06-30 | $1.16 Billion | +16.58% |
| 2020-06-30 | $992.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lendlease Global Commercial REIT'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 861600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $2.21 Billion | 100.00% |
| Total Equity | $2.21 Billion | 100.00% |
Lendlease Global Commercial REIT Competitors by Market Cap
The table below lists competitors of Lendlease Global Commercial REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ARB Corporation Ltd
AU:ARB
|
$1.02 Billion |
|
Bomin Electronics Co Ltd
SHG:603936
|
$1.02 Billion |
|
Neuland Laboratories Limited
NSE:NEULANDLAB
|
$1.02 Billion |
|
The Wendy’s Co
NASDAQ:WEN
|
$1.02 Billion |
|
Avino Silver & Gold Mines Ltd
NYSE MKT:ASM
|
$1.02 Billion |
|
China Film Co Ltd
SHG:600977
|
$1.02 Billion |
|
Kingenta Ecological Engineering Group Co Ltd
SHE:002470
|
$1.02 Billion |
|
Wynn Macau Ltd
PINK:WYNMF
|
$1.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lendlease Global Commercial REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,228,776,000 to 2,211,079,000, a change of -17,697,000 (-0.8%).
- Net income of 77,183,000 contributed positively to equity growth.
- Dividend payments of 112,496,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $77.18 Million | +3.49% |
| Dividends Paid | $112.50 Million | -5.09% |
| Other Changes | $17.62 Million | +0.8% |
| Total Change | $- | -0.79% |
Book Value vs Market Value Analysis
This analysis compares Lendlease Global Commercial REIT'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: 0.49x
- 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 |
|---|---|---|---|
| 2020-06-30 | $0.82 | $0.45 | x |
| 2021-06-30 | $0.95 | $0.45 | x |
| 2022-06-30 | $0.96 | $0.45 | x |
| 2023-06-30 | $0.96 | $0.45 | x |
| 2024-06-30 | $0.93 | $0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lendlease Global Commercial REIT 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): 3.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.94%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.73x
- Recent ROE (3.49%) is below the historical average (3.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.17% | -2.48% | 0.05x | 1.50x | $-117.62 Million |
| 2022 | 6.53% | 139.61% | 0.03x | 1.70x | $-75.56 Million |
| 2023 | 4.47% | 48.60% | 0.05x | 1.72x | $-123.31 Million |
| 2024 | 3.49% | 34.94% | 0.06x | 1.73x | $-143.92 Million |
Industry Comparison
This section compares Lendlease Global Commercial REIT's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,431,457,758
- Average return on equity (ROE) among peers: 3.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lendlease Global Commercial REIT (LLGCF) | $2.21 Billion | -0.17% | 0.73x | $1.02 Billion |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $997.50 Million |
| Armada Hflr Pr (AHH) | $-37.40 Million | 0.00% | 0.00x | $449.55 Million |
| Armada Hoffler Properties, Inc. (AHRT-PA) | $805.18 Million | 1.03% | 2.18x | $1.76 Billion |
| Precinct Properties New Zealand Limited (AOTUF) | $390.30 Million | 1.91% | 0.25x | $1.05 Billion |
| Artis REIT (ARESF) | $4.10 Million | 0.00% | 1.29x | $228.58 Million |
| Ascott Residence Trust (ATTRF) | $3.13 Billion | 4.71% | 0.70x | $1.70 Billion |
| Broadstone Net Lease Inc (BNL) | $1.28 Billion | 4.27% | 1.01x | $3.74 Billion |
| British Land Company Plc (BRLAF) | $4.11 Billion | 3.88% | 1.12x | $5.24 Billion |
| Icade SA (CDMGF) | $1.16 Billion | 6.10% | 1.97x | $700.47 Million |
| Charter Hall Long WALE REIT (CHLWF) | $3.28 Billion | 18.86% | 0.43x | $1.19 Billion |