abrdn Propertyome Trust (LSE:API) Net-Net Working Capital: £0.01 (As of Dec. 2025)


What is abrdn Propertyome Trust Net-Net Working Capital?

abrdn Propertyome Trust LSE:API Net-Net Working Capital is £0.01 as of Dec. 2025. The stock has 1 warning sign investors should review. Among 118 REITs companies, abrdn Propertyome Trust ranks better than 83.9% on this metric.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

abrdn Propertyome Trust's Net-Net Working Capital for the quarter that ended in Dec. 2025 was £0.01.

The industry rank for abrdn Propertyome Trust's Net-Net Working Capital or its related term are showing as below:

LSE:API's Price-to-Net-Net-Working-Capital is ranked better than
83.9% of 118 companies
in the REITs industry
Industry Median: 18.725 vs LSE:API: 1.85

abrdn Propertyome Trust  (LSE:API) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


abrdn Propertyome Trust Net-Net Working Capital Related Terms


abrdn Propertyome Trust Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for abrdn Propertyome Trust's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

abrdn Propertyome Trust Net-Net Working Capital Chart

abrdn Propertyome Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.28 -0.28 -0.40 0.05 0.01

abrdn Propertyome Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.40 -0.34 0.05 0.05 0.01

LSE:API vs VICI, WPC, BNL: Net-Net Working Capital Comparison

For the REIT - Diversified subindustry, abrdn Propertyome Trust's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


abrdn Propertyome Trust Price-to-Net-Net-Working-Capital vs REITs Industry

For the REITs industry and Real Estate sector, abrdn Propertyome Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where abrdn Propertyome Trust's Price-to-Net-Net-Working-Capital falls into.



abrdn Propertyome Trust Net-Net Working Capital Calculation

abrdn Propertyome Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.618+0+0.75 * 0+0.5 * 0-0.753
-0-0)/381.219
=0.01

abrdn Propertyome Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.618+0+0.75 * 0+0.5 * 0-0.753
-0-0)/381.219
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

What does a Net-Net Working Capital of £0.01 mean?
abrdn Propertyome Trust (LSE:API) has a Net-Net Working Capital of £0.01 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on abrdn Propertyome Trust According to the industry distribution chart, abrdn Propertyome Trust ranks #19 out of 118 companies in the REITs industry, placing it in the top 16.1%.
Is abrdn Propertyome Trust's Net-Net Working Capital too high?
abrdn Propertyome Trust's current Net-Net Working Capital is £0.01. Based on the distribution chart, abrdn Propertyome Trust ranks #19 out of 118 companies in the REITs industry, which is in the top quartile — a strong position relative to peers.
How does abrdn Propertyome Trust's Net-Net Working Capital compare to VICI and WPC?
According to the REITs industry distribution chart, abrdn Propertyome Trust ranks #19 out of 118 companies for Net-Net Working Capital. This places abrdn Propertyome Trust in the top 16% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 18.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a REITs company?
The median Net-Net Working Capital among REITs companies is 18.73, based on 118 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on abrdn Propertyome Trust For the REITs industry, the median Net-Net Working Capital is 18.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. abrdn Propertyome Trust's current Net-Net Working Capital is £0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is abrdn Propertyome Trust stock overvalued right now?
abrdn Propertyome Trust (LSE:API) has a current Net-Net Working Capital of £0.01. The current Net-Net Working Capital is £0.01. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For abrdn Propertyome Trust (LSE:API), the current Net-Net Working Capital is £0.01 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

abrdn Propertyome Trust Business Description

Industry Real EstateREITs
Address Trafalgar Court, P.O. Box 255, Les Banques, St Peter Port, GGY, GY1 3QL
abrdn Property Income Trust Ltd is a closed-ended investment company. The company carries on the business of property investment through a portfolio of freehold and leasehold investment properties located in the United Kingdom. The group principally invests in office, industrial, and retail properties. The Group is engaged in a single segment of business, being property investment in one geographical area, the United Kingdom.