Starhill Global Real Estate Investment Trust
Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. Since its listing on the Mainboard of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on O… Read more
Starhill Global Real Estate Investment Trust (SGLMF) - Net Assets
Latest net assets as of June 2025: $1.74 Billion USD
Based on the latest financial reports, Starhill Global Real Estate Investment Trust (SGLMF) has net assets worth $1.74 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 ($2.85 Billion) and total liabilities ($1.10 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 | $1.74 Billion |
| % of Total Assets | 61.19% |
| Annual Growth Rate | 3.35% |
| 5-Year Change | -2.74% |
| 10-Year Change | -13.69% |
| Growth Volatility | 10.94 |
Starhill Global Real Estate Investment Trust - Net Assets Trend (2006–2025)
This chart illustrates how Starhill Global Real Estate Investment 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 Starhill Global Real Estate Investment Trust (2006–2025)
The table below shows the annual net assets of Starhill Global Real Estate Investment Trust from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $1.74 Billion | +1.30% |
| 2024-06-30 | $1.72 Billion | +4.22% |
| 2023-06-30 | $1.65 Billion | -5.60% |
| 2022-06-30 | $1.75 Billion | -2.41% |
| 2021-06-30 | $1.79 Billion | +1.19% |
| 2020-06-30 | $1.77 Billion | -8.32% |
| 2019-06-30 | $1.93 Billion | -3.03% |
| 2018-06-30 | $1.99 Billion | -0.95% |
| 2017-06-30 | $2.01 Billion | -0.41% |
| 2016-06-30 | $2.02 Billion | +1.75% |
| 2015-06-30 | $1.98 Billion | -2.48% |
| 2014-12-31 | $2.03 Billion | +1.15% |
| 2014-06-30 | $2.01 Billion | +6.81% |
| 2013-06-30 | $1.88 Billion | +1.68% |
| 2012-06-30 | $1.85 Billion | +1.14% |
| 2011-06-30 | $1.83 Billion | +15.36% |
| 2010-06-30 | $1.59 Billion | +14.67% |
| 2009-06-30 | $1.38 Billion | -9.99% |
| 2008-06-30 | $1.54 Billion | +39.94% |
| 2007-06-30 | $1.10 Billion | +17.93% |
| 2006-06-30 | $931.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Starhill Global Real Estate Investment 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.64 Billion | 94.28% |
| Other Components | $99.62 Million | 5.72% |
| Total Equity | $1.74 Billion | 100.00% |
Starhill Global Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Starhill Global Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cronos Group Inc
NASDAQ:CRON
|
$513.53 Million |
|
TechMatrix Corporation
PINK:TMTMF
|
$513.62 Million |
|
Renew Holdings plc
PINK:RNWHF
|
$513.80 Million |
|
BRELY
OTCQX:BRELY
|
$513.83 Million |
|
Zhejiang Provincial New Energy Investment Group Co Ltd
SHG:600032
|
$513.43 Million |
|
GuangDong Topstrong Living Innovation & Integration Co Ltd Class A
SHE:300749
|
$513.14 Million |
|
Jinlong Machinery Electronic
SHE:300032
|
$513.00 Million |
|
Alpha and Omega Semiconductor Ltd
NASDAQ:AOSL
|
$512.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Starhill Global Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,719,090,000 to 1,741,444,000, a change of 22,354,000 (1.3%).
- Net income of 87,820,000 contributed positively to equity growth.
- Dividend payments of 70,424,000 reduced retained earnings.
- Other comprehensive income increased equity by 102,484,172.
- Other factors decreased equity by 97,526,172.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $87.82 Million | +5.04% |
| Dividends Paid | $70.42 Million | -4.04% |
| Other Comprehensive Income | $102.48 Million | +5.89% |
| Other Changes | $-97.53 Million | -5.6% |
| Total Change | $- | 1.30% |
Book Value vs Market Value Analysis
This analysis compares Starhill Global Real Estate Investment 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: 0.45x
- 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 |
|---|---|---|---|
| 2007-06-30 | $0.91 | $0.35 | x |
| 2008-06-30 | $1.27 | $0.35 | x |
| 2009-06-30 | $1.13 | $0.35 | x |
| 2010-06-30 | $1.05 | $0.35 | x |
| 2011-06-30 | $0.94 | $0.35 | x |
| 2012-06-30 | $0.93 | $0.35 | x |
| 2013-06-30 | $0.86 | $0.35 | x |
| 2014-06-30 | $0.97 | $0.35 | x |
| 2015-06-30 | $0.92 | $0.35 | x |
| 2016-06-30 | $0.92 | $0.35 | x |
| 2017-06-30 | $0.92 | $0.35 | x |
| 2018-06-30 | $0.91 | $0.35 | x |
| 2019-06-30 | $0.88 | $0.35 | x |
| 2020-06-30 | $0.81 | $0.35 | x |
| 2021-06-30 | $0.81 | $0.35 | x |
| 2022-06-30 | $0.78 | $0.35 | x |
| 2023-06-30 | $0.73 | $0.35 | x |
| 2024-06-30 | $0.76 | $0.35 | x |
| 2025-06-30 | $0.76 | $0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Starhill Global Real Estate Investment 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): 5.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.72%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.63x
- Recent ROE (5.04%) is below the historical average (5.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 19.79% | 241.90% | 0.06x | 1.39x | $107.57 Million |
| 2008 | 31.69% | 473.11% | 0.05x | 1.48x | $333.39 Million |
| 2009 | -9.92% | -108.06% | 0.06x | 1.56x | $-275.63 Million |
| 2010 | -2.91% | -34.34% | 0.06x | 1.46x | $-204.88 Million |
| 2011 | 4.51% | 49.78% | 0.06x | 1.52x | $-100.55 Million |
| 2012 | 4.90% | 50.41% | 0.06x | 1.53x | $-94.32 Million |
| 2013 | 5.11% | 51.71% | 0.07x | 1.50x | $-92.02 Million |
| 2014 | 5.51% | 55.26% | 0.07x | 1.46x | $-90.16 Million |
| 2014 | 5.65% | 58.28% | 0.07x | 1.47x | $-87.56 Million |
| 2015 | 5.74% | 58.28% | 0.06x | 1.61x | $-84.56 Million |
| 2016 | 6.63% | 63.96% | 0.06x | 1.60x | $-68.09 Million |
| 2017 | 4.99% | 45.31% | 0.07x | 1.60x | $-100.68 Million |
| 2018 | 4.23% | 40.15% | 0.07x | 1.60x | $-114.79 Million |
| 2019 | 3.40% | 31.64% | 0.07x | 1.63x | $-127.42 Million |
| 2020 | -5.51% | -53.46% | 0.06x | 1.74x | $-274.36 Million |
| 2021 | 3.04% | 31.72% | 0.06x | 1.72x | $-124.62 Million |
| 2022 | 2.86% | 27.08% | 0.06x | 1.72x | $-124.79 Million |
| 2023 | 1.71% | 14.97% | 0.07x | 1.73x | $-136.78 Million |
| 2024 | 4.93% | 44.62% | 0.07x | 1.65x | $-87.20 Million |
| 2025 | 5.04% | 45.72% | 0.07x | 1.63x | $-86.32 Million |
Industry Comparison
This section compares Starhill Global Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Starhill Global Real Estate Investment Trust (SGLMF) | $1.74 Billion | 19.79% | 0.63x | $513.53 Million |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |