AyalaLand REIT Inc.
AyalaLand REIT Inc. operates in Diversified REITs.
AyalaLand REIT Inc. (AREIT) - Net Assets
Latest net assets as of September 2023: ₱82.95 Billion PHP
Based on the latest financial reports, AyalaLand REIT Inc. (AREIT) has net assets worth ₱82.95 Billion PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱92.47 Billion) and total liabilities (₱9.52 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 | ₱82.95 Billion |
| % of Total Assets | 89.71% |
| Annual Growth Rate | 83.08% |
| 5-Year Change | 472.09% |
| 10-Year Change | N/A |
| Growth Volatility | 185.79 |
AyalaLand REIT Inc. - Net Assets Trend (2016–2022)
This chart illustrates how AyalaLand REIT Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AyalaLand REIT Inc. (2016–2022)
The table below shows the annual net assets of AyalaLand REIT Inc. from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱60.07 Billion | +22.88% |
| 2021-12-31 | ₱48.89 Billion | +49.01% |
| 2020-12-31 | ₱32.81 Billion | +25.07% |
| 2019-12-31 | ₱26.23 Billion | +149.82% |
| 2018-12-31 | ₱10.50 Billion | +532.23% |
| 2017-12-31 | ₱1.66 Billion | +4.03% |
| 2016-12-31 | ₱1.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AyalaLand REIT Inc.'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 3680.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱22.44 Billion | 37.36% |
| Common Stock | ₱18.28 Billion | 30.44% |
| Other Components | ₱19.35 Billion | 32.21% |
| Total Equity | ₱60.07 Billion | 100.00% |
AyalaLand REIT Inc. Competitors by Market Cap
The table below lists competitors of AyalaLand REIT Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Auscrete Corp
PINK:ASCK
|
$6.25K |
|
Ecrid Inc
PINK:ECDD
|
$6.25K |
|
Bistos Co. Ltd.
KO:419540
|
$6.25K |
|
Hai Duong Pump Manufacturing JSC
VN:CTB
|
$6.25K |
|
Peninsula Energy Limited
OTCQB:PENMD
|
$6.23K |
|
Smart for Life, Inc. Common Stock
NASDAQ:SMFL
|
$6.23K |
|
Reliance Weaving Mills Ltd
KAR:REWM
|
$6.22K |
|
80 Mile Plc
LSE:80M
|
$6.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AyalaLand REIT Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 48,887,589,990 to 60,072,889,830, a change of 11,185,299,840 (22.9%).
- Net income of 2,887,563,040 contributed positively to equity growth.
- Dividend payments of 2,912,197,860 reduced retained earnings.
- Share repurchases of 47,954,830 reduced equity.
- Other factors increased equity by 11,257,889,490.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱2.89 Billion | +4.81% |
| Dividends Paid | ₱2.91 Billion | -4.85% |
| Share Repurchases | ₱47.95 Million | -0.08% |
| Other Changes | ₱11.26 Billion | +18.74% |
| Total Change | ₱- | 22.88% |
Book Value vs Market Value Analysis
This analysis compares AyalaLand REIT Inc.'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: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.32x to 1.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱123.53 | ₱39.25 | x |
| 2017-12-31 | ₱128.51 | ₱39.25 | x |
| 2018-12-31 | ₱10.74 | ₱39.25 | x |
| 2019-12-31 | ₱26.83 | ₱39.25 | x |
| 2020-12-31 | ₱31.99 | ₱39.25 | x |
| 2021-12-31 | ₱32.40 | ₱39.25 | x |
| 2022-12-31 | ₱34.11 | ₱39.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AyalaLand REIT Inc. 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): 4.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 56.92%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.13x
- Recent ROE (4.81%) is below the historical average (14.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 26.67% | 62.30% | 0.35x | 1.22x | ₱266.12 Million |
| 2017 | 26.90% | 63.99% | 0.35x | 1.20x | ₱280.69 Million |
| 2018 | 5.11% | 62.07% | 0.07x | 1.10x | ₱-512.97 Million |
| 2019 | 14.12% | 221.56% | 0.05x | 1.17x | ₱1.08 Billion |
| 2020 | 19.10% | 307.71% | 0.06x | 1.07x | ₱2.98 Billion |
| 2021 | 4.98% | 73.37% | 0.06x | 1.16x | ₱-2.46 Billion |
| 2022 | 4.81% | 56.92% | 0.07x | 1.13x | ₱-3.12 Billion |
Industry Comparison
This section compares AyalaLand REIT Inc.'s net assets metrics with peer companies in the Residential & Commercial REITs industry.
Industry Context
- Industry: Residential & Commercial REITs
- Average net assets among peers: $14,014,749,724
- Average return on equity (ROE) among peers: 11.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AyalaLand REIT Inc. (AREIT) | ₱82.95 Billion | 26.67% | 0.11x | $6.24K |
| Citicore Energy REIT Corp (CREIT) | $460.99 Million | 17.26% | 2.66x | $520.58 |
| DDMP REIT Inc (DDMPR) | $12.62 Billion | 2.61% | 0.08x | $162.82 |
| Filinvest REIT Corp (FILRT) | $4.82 Billion | 27.95% | 1.80x | $471.78 |
| MREIT Inc (MREIT) | $52.16 Billion | 3.86% | 0.17x | $2.25K |
| RL Commercial REIT Inc (RCR) | $6.60 Million | 3.50% | 0.01x | $1.06K |