Tower Properties Company
Tower Properties Company owns and manages commercial and multi-family properties. It also provides property owner leasing, property management, property development, and construction management services. The company was founded in 1971 and is based in Overland Park, Kansas.
Tower Properties Company (TPRP) - Net Assets
Latest net assets as of March 2025: $62.16 Million USD
Based on the latest financial reports, Tower Properties Company (TPRP) has net assets worth $62.16 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($199.39 Million) and total liabilities ($137.23 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 | $62.16 Million |
| % of Total Assets | 31.17% |
| Annual Growth Rate | 4.0% |
| 5-Year Change | 41.82% |
| 10-Year Change | 90.77% |
| Growth Volatility | 15.42 |
Tower Properties Company - Net Assets Trend (1994–2024)
This chart illustrates how Tower Properties Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tower Properties Company (1994–2024)
The table below shows the annual net assets of Tower Properties Company from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $61.00 Million | +16.18% |
| 2023-12-31 | $52.51 Million | -25.86% |
| 2022-12-31 | $70.83 Million | +53.96% |
| 2021-12-31 | $46.00 Million | +6.95% |
| 2020-12-31 | $43.01 Million | -23.65% |
| 2019-12-31 | $56.33 Million | +8.31% |
| 2018-12-31 | $52.01 Million | +3.15% |
| 2017-12-31 | $50.42 Million | +25.14% |
| 2016-12-31 | $40.29 Million | +26.00% |
| 2015-12-31 | $31.98 Million | -0.14% |
| 2014-12-31 | $32.02 Million | -13.89% |
| 2011-12-31 | $37.19 Million | +3.40% |
| 2010-12-31 | $35.97 Million | +0.71% |
| 2009-12-31 | $35.71 Million | -5.98% |
| 2008-12-31 | $37.98 Million | -1.32% |
| 2007-12-31 | $38.49 Million | +0.99% |
| 2006-12-31 | $38.11 Million | -6.15% |
| 2005-12-31 | $40.61 Million | -7.30% |
| 2004-12-31 | $43.81 Million | +7.32% |
| 2003-12-31 | $40.82 Million | +24.14% |
| 2002-12-31 | $32.88 Million | +5.65% |
| 2001-12-31 | $31.12 Million | +5.85% |
| 2000-12-31 | $29.40 Million | +0.88% |
| 1999-12-31 | $29.15 Million | -0.92% |
| 1998-12-31 | $29.42 Million | +16.58% |
| 1997-12-31 | $25.23 Million | +11.25% |
| 1996-12-31 | $22.68 Million | +9.26% |
| 1995-12-31 | $20.76 Million | +10.24% |
| 1994-12-31 | $18.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tower Properties Company'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 4785.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $53.91 Million | 88.37% |
| Common Stock | $6.18K | 0.01% |
| Other Components | $7.09 Million | 11.62% |
| Total Equity | $61.00 Million | 100.00% |
Tower Properties Company Competitors by Market Cap
The table below lists competitors of Tower Properties Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Serabi Gold PLC
OTCQX:SRBIF
|
$111.02 Million |
|
E-Life Mall Corp
TW:6281
|
$111.02 Million |
|
Hold-Key Electric Wire & Cable Co Ltd
TW:1618
|
$111.08 Million |
|
Exicon Co. Ltd
KQ:092870
|
$111.08 Million |
|
CN YUH.ED.CORP. HD-00001
F:2YU
|
$111.00 Million |
|
Asuransi Tugu Pratama Indonesia Tbk PT
JK:TUGU
|
$111.00 Million |
|
Wiz Soluções e Corretagem de Seguros S.A
SA:WIZC3
|
$110.99 Million |
|
ARC Document Solutions Inc
NYSE:ARC
|
$110.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tower Properties Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,509,163 to 61,003,442, a change of 8,494,279 (16.2%).
- Net income of 8,494,279 contributed positively to equity growth.
- Other comprehensive income decreased equity by 52,509,163.
- Other factors increased equity by 52,509,163.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.49 Million | +13.92% |
| Other Comprehensive Income | $-52.51 Million | -86.08% |
| Other Changes | $52.51 Million | +86.08% |
| Total Change | $- | 16.18% |
Book Value vs Market Value Analysis
This analysis compares Tower Properties Company'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: 1.86x
- 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 7.65x to 1.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $3269.77 | $25000.00 | x |
| 1995-12-31 | $3623.40 | $25000.00 | x |
| 1996-12-31 | $3956.52 | $25000.00 | x |
| 1997-12-31 | $4381.95 | $25000.00 | x |
| 1998-12-31 | $4879.60 | $25000.00 | x |
| 1999-12-31 | $4798.68 | $25000.00 | x |
| 2000-12-31 | $4881.94 | $25000.00 | x |
| 2001-12-31 | $5191.73 | $25000.00 | x |
| 2002-12-31 | $5512.73 | $25000.00 | x |
| 2003-12-31 | $5819.81 | $25000.00 | x |
| 2004-12-31 | $5865.02 | $25000.00 | x |
| 2005-12-31 | $6585.31 | $25000.00 | x |
| 2006-12-31 | $6515.34 | $25000.00 | x |
| 2007-12-31 | $7177.61 | $25000.00 | x |
| 2008-12-31 | $7079.94 | $25000.00 | x |
| 2009-12-31 | $0.00 | $25000.00 | x |
| 2010-12-31 | $0.00 | $25000.00 | x |
| 2011-12-31 | $0.00 | $25000.00 | x |
| 2015-12-31 | $6681.40 | $25000.00 | x |
| 2016-12-31 | $9591.21 | $25000.00 | x |
| 2017-12-31 | $12083.00 | $25000.00 | x |
| 2018-12-31 | $12469.43 | $25000.00 | x |
| 2019-12-31 | $13548.19 | $25000.00 | x |
| 2020-12-31 | $9724.92 | $25000.00 | x |
| 2021-12-31 | $10400.95 | $25000.00 | x |
| 2022-12-31 | $15631.94 | $25000.00 | x |
| 2023-12-31 | $11588.87 | $25000.00 | x |
| 2024-12-31 | $13463.57 | $25000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tower Properties Company 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): 13.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.76%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 3.25x
- Recent ROE (13.92%) is above the historical average (7.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 4.36% | 0.00% | -0.03x | 2.28x | $-1.05 Million |
| 1995 | 7.32% | 0.00% | -0.03x | 2.74x | $-553.35K |
| 1996 | 6.68% | 0.00% | -0.03x | 2.82x | $-749.20K |
| 1997 | 6.13% | 0.00% | -0.04x | 2.82x | $-969.61K |
| 1998 | 10.35% | 0.00% | -0.04x | 2.91x | $103.55K |
| 1999 | 0.26% | 2.09% | 0.04x | 3.21x | $-2.84 Million |
| 2000 | -0.67% | 0.00% | -0.04x | 3.50x | $-3.14 Million |
| 2001 | 6.78% | 0.00% | -0.05x | 2.99x | $-1.00 Million |
| 2002 | 5.46% | 0.00% | -0.04x | 2.92x | $-1.49 Million |
| 2003 | 2.29% | 4.17% | 0.16x | 3.38x | $-2.65 Million |
| 2004 | -1.11% | -2.02% | 0.17x | 3.24x | $-3.97 Million |
| 2005 | 10.88% | 0.00% | -0.04x | 2.96x | $355.81K |
| 2006 | 14.50% | 0.00% | -0.04x | 3.24x | $1.72 Million |
| 2007 | 1.25% | 2.87% | 0.13x | 3.37x | $-3.37 Million |
| 2008 | 0.48% | 1.04% | 0.13x | 3.51x | $-3.61 Million |
| 2009 | 1.26% | 2.10% | 0.17x | 3.52x | $-3.12 Million |
| 2010 | -0.23% | -0.38% | 0.18x | 3.41x | $-3.68 Million |
| 2011 | 3.20% | 4.61% | 0.16x | 4.29x | $-2.53 Million |
| 2014 | -1.18% | -1.15% | 0.18x | 5.82x | $-3.58 Million |
| 2015 | -0.67% | -0.61% | 0.18x | 6.16x | $-3.41 Million |
| 2016 | 31.31% | 38.25% | 0.15x | 5.47x | $8.58 Million |
| 2017 | 20.94% | 29.07% | 0.16x | 4.52x | $5.52 Million |
| 2018 | 3.14% | 4.19% | 0.17x | 4.50x | $-3.57 Million |
| 2019 | 8.19% | 10.90% | 0.18x | 4.12x | $-1.02 Million |
| 2020 | 6.48% | 6.58% | 0.19x | 5.18x | $-1.51 Million |
| 2021 | 6.50% | 7.15% | 0.18x | 4.96x | $-1.61 Million |
| 2022 | 32.76% | 53.13% | 0.20x | 3.07x | $16.12 Million |
| 2023 | 8.26% | 9.27% | 0.24x | 3.69x | $-915.06K |
| 2024 | 13.92% | 18.76% | 0.23x | 3.25x | $2.39 Million |
Industry Comparison
This section compares Tower Properties Company's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $860,434,363
- Average return on equity (ROE) among peers: -17.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tower Properties Company (TPRP) | $62.16 Million | 4.36% | 2.21x | $111.01 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 |
| Ascendas India Trust (ACNDF) | $1.32 Billion | 9.88% | 1.00x | $831.45 Million |
| 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 |