Primary Health Properties PLC
Primary Health Properties PLC ("PHP") is a UK Real Estate Investment Trust ("REIT") and leading investor in modern primary healthcare premises. We invest in flexible, modern properties for local primary healthcare. The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. To achieve this, PHP invests in h… Read more
Primary Health Properties PLC (PHPRF) - Net Assets
Latest net assets as of June 2025: $1.39 Billion USD
Based on the latest financial reports, Primary Health Properties PLC (PHPRF) has net assets worth $1.39 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.87 Billion) and total liabilities ($1.48 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 | $1.39 Billion |
| % of Total Assets | 48.51% |
| Annual Growth Rate | 16.68% |
| 5-Year Change | -2.71% |
| 10-Year Change | 298.42% |
| Growth Volatility | 26.67 |
Primary Health Properties PLC - Net Assets Trend (1995–2024)
This chart illustrates how Primary Health Properties PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Primary Health Properties PLC (1995–2024)
The table below shows the annual net assets of Primary Health Properties PLC from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.38 Billion | -3.36% |
| 2023-12-31 | $1.42 Billion | -3.93% |
| 2022-12-31 | $1.48 Billion | -1.18% |
| 2021-12-31 | $1.50 Billion | +6.04% |
| 2020-12-31 | $1.41 Billion | +15.13% |
| 2019-12-31 | $1.23 Billion | +55.90% |
| 2018-12-31 | $788.00 Million | +34.29% |
| 2017-12-31 | $586.80 Million | +17.55% |
| 2016-12-31 | $499.20 Million | +44.54% |
| 2015-12-31 | $345.36 Million | +11.72% |
| 2014-12-31 | $309.13 Million | +2.23% |
| 2013-12-31 | $302.38 Million | +68.85% |
| 2012-12-31 | $179.09 Million | +6.53% |
| 2011-12-31 | $168.12 Million | +2.05% |
| 2010-12-31 | $164.75 Million | +8.45% |
| 2009-12-31 | $151.91 Million | +94.05% |
| 2008-12-31 | $78.29 Million | -36.91% |
| 2007-12-31 | $124.08 Million | +73.96% |
| 2005-12-31 | $71.33 Million | +24.98% |
| 2004-12-31 | $57.07 Million | +14.48% |
| 2003-12-31 | $49.85 Million | +31.51% |
| 2002-12-31 | $37.91 Million | +26.83% |
| 2001-12-31 | $29.89 Million | +24.82% |
| 2000-12-31 | $23.95 Million | +17.60% |
| 1999-12-31 | $20.36 Million | +10.46% |
| 1998-12-31 | $18.43 Million | +7.69% |
| 1997-12-31 | $17.12 Million | +4.86% |
| 1996-12-31 | $16.32 Million | +3.99% |
| 1995-12-31 | $15.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Primary Health Properties PLC'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 252915.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $318.80 Million | 23.17% |
| Common Stock | $167.10 Million | 12.14% |
| Other Comprehensive Income | $410.70 Million | 29.85% |
| Other Components | $479.40 Million | 34.84% |
| Total Equity | $1.38 Billion | 100.00% |
Primary Health Properties PLC Competitors by Market Cap
The table below lists competitors of Primary Health Properties PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intea Fastigheter AB (publ)
F:1DZ0
|
$1.64 Billion |
|
Greek Org of Football Prognostics
PINK:GOFPY
|
$1.64 Billion |
|
The Foschini Group Limited
PINK:FHNGY
|
$1.64 Billion |
|
Getac Technology Corp
TW:3005
|
$1.64 Billion |
|
Sinoma International Engineering Co Ltd
SHG:600970
|
$1.64 Billion |
|
Dalmia Bharat Limited
NSE:DALBHARAT
|
$1.64 Billion |
|
City Holding Company
NASDAQ:CHCO
|
$1.64 Billion |
|
Boston Beer Company Inc
NYSE:SAM
|
$1.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Primary Health Properties PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,423,900,000 to 1,376,000,000, a change of -47,900,000 (-3.4%).
- Net income of 41,400,000 contributed positively to equity growth.
- Dividend payments of 92,100,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $41.40 Million | +3.01% |
| Dividends Paid | $92.10 Million | -6.69% |
| Other Comprehensive Income | $2.40 Million | +0.17% |
| Other Changes | $400.00K | +0.03% |
| Total Change | $- | -3.36% |
Book Value vs Market Value Analysis
This analysis compares Primary Health Properties PLC'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: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.10x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $0.25 | $1.25 | x |
| 1996-12-31 | $0.26 | $1.25 | x |
| 1997-12-31 | $0.22 | $1.25 | x |
| 1998-12-31 | $0.24 | $1.25 | x |
| 1999-12-31 | $0.32 | $1.25 | x |
| 2000-12-31 | $0.31 | $1.25 | x |
| 2001-12-31 | $0.37 | $1.25 | x |
| 2002-12-31 | $0.57 | $1.25 | x |
| 2003-12-31 | $0.57 | $1.25 | x |
| 2004-12-31 | $0.62 | $1.25 | x |
| 2005-12-31 | $0.76 | $1.25 | x |
| 2007-12-31 | $1.10 | $1.25 | x |
| 2008-12-31 | $0.51 | $1.25 | x |
| 2009-12-31 | $0.93 | $1.25 | x |
| 2010-12-31 | $0.66 | $1.25 | x |
| 2011-12-31 | $0.63 | $1.25 | x |
| 2012-12-31 | $0.62 | $1.25 | x |
| 2013-12-31 | $0.85 | $1.25 | x |
| 2014-12-31 | $0.62 | $1.25 | x |
| 2015-12-31 | $0.65 | $1.25 | x |
| 2016-12-31 | $0.77 | $1.25 | x |
| 2017-12-31 | $0.88 | $1.25 | x |
| 2018-12-31 | $1.08 | $1.25 | x |
| 2019-12-31 | $1.13 | $1.25 | x |
| 2020-12-31 | $1.03 | $1.25 | x |
| 2021-12-31 | $1.04 | $1.25 | x |
| 2022-12-31 | $1.03 | $1.25 | x |
| 2023-12-31 | $0.98 | $1.25 | x |
| 2024-12-31 | $1.03 | $1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Primary Health Properties PLC 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): 3.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.14%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.03x
- Recent ROE (3.01%) is below the historical average (6.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 0.80% | 153.66% | 0.01x | 1.01x | $-1.44 Million |
| 1996 | 3.27% | 100.57% | 0.03x | 1.06x | $-1.10 Million |
| 1997 | 4.91% | 61.97% | 0.05x | 1.46x | $-870.70K |
| 1998 | 5.72% | 44.08% | 0.06x | 2.16x | $-789.40K |
| 1999 | 5.48% | 30.24% | 0.07x | 2.59x | $-920.30K |
| 2000 | 5.95% | 30.78% | 0.07x | 2.69x | $-970.60K |
| 2001 | 6.06% | 32.65% | 0.07x | 2.80x | $-1.18 Million |
| 2002 | 5.15% | 29.10% | 0.07x | 2.57x | $-1.84 Million |
| 2003 | 4.96% | 32.27% | 0.06x | 2.67x | $-2.51 Million |
| 2004 | 22.21% | 131.84% | 0.06x | 2.98x | $6.97 Million |
| 2005 | 22.34% | 143.18% | 0.05x | 2.95x | $8.80 Million |
| 2007 | 13.54% | 75.65% | 0.07x | 2.40x | $4.39 Million |
| 2008 | -30.53% | -121.37% | 0.06x | 4.13x | $-31.73 Million |
| 2009 | 7.10% | 50.56% | 0.06x | 2.29x | $-4.41 Million |
| 2010 | 15.58% | 95.39% | 0.06x | 2.89x | $9.20 Million |
| 2011 | 7.53% | 41.25% | 0.06x | 3.16x | $-4.16 Million |
| 2012 | 0.63% | 15.78% | 0.01x | 3.65x | $-16.78 Million |
| 2013 | 6.69% | 71.07% | 0.03x | 3.16x | $-10.02 Million |
| 2014 | 11.93% | 81.45% | 0.04x | 3.38x | $5.97 Million |
| 2015 | 16.22% | 89.50% | 0.06x | 3.21x | $21.50 Million |
| 2016 | 8.75% | 89.57% | 0.04x | 2.46x | $-6.22 Million |
| 2017 | 15.66% | 94.35% | 0.07x | 2.34x | $33.22 Million |
| 2018 | 9.43% | 88.35% | 0.06x | 1.92x | $-4.50 Million |
| 2019 | -5.80% | 0.00% | -0.02x | 2.09x | $-194.15 Million |
| 2020 | 7.92% | 87.09% | 0.05x | 1.91x | $-29.44 Million |
| 2021 | 9.34% | 62.91% | 0.08x | 1.90x | $-9.89 Million |
| 2022 | 3.80% | 65.69% | 0.03x | 1.93x | $-91.92 Million |
| 2023 | 1.92% | 16.08% | 0.06x | 1.99x | $-115.09 Million |
| 2024 | 3.01% | 44.14% | 0.03x | 2.03x | $-96.20 Million |
Industry Comparison
This section compares Primary Health Properties PLC's net assets metrics with peer companies in the REIT - Healthcare Facilities industry.
Industry Context
- Industry: REIT - Healthcare Facilities
- Average net assets among peers: $880,398,200
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Primary Health Properties PLC (PHPRF) | $1.39 Billion | 0.80% | 1.06x | $1.64 Billion |
| Aedifica SA (AEDFF) | $193.91 Million | 7.53% | 0.90x | $2.97 Billion |
| American Healthcare REIT, Inc. (AHR) | $1.65 Billion | -4.93% | 1.90x | $9.23 Billion |
| Assura Plc (ARSSF) | $117.93 Million | -10.60% | 0.39x | $161.63 Million |
| Cofinimmo SA/NV (CFMOF) | $2.65 Billion | 4.50% | 0.98x | $2.38 Billion |
| Community Healthcare Trust Inc (CHCT) | $496.81 Million | 4.43% | 0.76x | $412.62 Million |
| CareTrust REIT Inc. (CTRE) | $1.42 Billion | 3.79% | 0.47x | $8.84 Billion |
| Chartwell Retirement Residences (CWSRF) | $509.23 Million | 4.69% | 4.57x | $3.84 Billion |
| Healthpeak Properties Inc (DOC) | $264.20 Million | 5.22% | 0.63x | $11.75 Billion |
| Global Medical REIT Inc. (GMRE) | $460.35 Million | 2.01% | 0.92x | $429.60 Million |
| Healthcare Realty Trust Incorporated (HR) | $1.04 Billion | 8.24% | 0.54x | $6.10 Billion |