CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Scaled Net Operating Assets: 0.94 (As of Mar. 2026)

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BKK:CPNREIT CPN Retail Growth Leasehold REIT BKK:CPNREIT
79 GF Score
Price ฿13.70
GF Value ฿11.49
Valuation Modestly Overvalued
! 10 Warning Signs
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What is CPN Retail Growth Leasehold REIT Scaled Net Operating Assets?

CPN Retail Growth Leasehold REIT BKK:CPNREIT -0.72% 79 Scaled Net Operating Assets is 0.94 as of Mar. 2026. GuruFocus rates BKK:CPNREIT with a GF Score™ of 79/100 and a GF Value™ of ฿11.49 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CPN Retail Growth Leasehold REIT's operating assets for the quarter that ended in Mar. 2026 was ฿93,294 Mil. CPN Retail Growth Leasehold REIT's operating liabilities for the quarter that ended in Mar. 2026 was ฿4,293 Mil. CPN Retail Growth Leasehold REIT's Total Assets for the quarter that ended in Dec. 2025 was ฿94,681 Mil. Therefore, CPN Retail Growth Leasehold REIT's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.94.


CPN Retail Growth Leasehold REIT Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets 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.

CPN Retail Growth Leasehold REIT Scaled Net Operating Assets Chart

CPN Retail Growth Leasehold REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 0.95 0.96 1.07 0.96

CPN Retail Growth Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.95 0.97 0.94 0.95 0.94

BKK:CPNREIT vs VICI, WPC, BNL: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


CPN Retail Growth Leasehold REIT Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets falls into.


BKK:CPNREIT
79GF Score
CPN Retail Growth Leasehold REIT BKK:CPNREIT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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CPN Retail Growth Leasehold REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(93002.613-4272.063)/92101.796
=0.96

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=94680.613 - 1678
=93002.613

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=52426.554 - 41230.491 - 6924
=4272.063

CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(93294.345-4292.627)/94680.613
=0.94

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=94592.345 - 1298
=93294.345

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=52540.633 - 39822.006 - 8426
=4292.627

* 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.

What does a Scaled Net Operating Assets of 0.94 mean?
CPN Retail Growth Leasehold REIT (BKK:CPNREIT) has a Scaled Net Operating Assets of 0.94 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CPN Retail Growth Leasehold REIT and its competitors.
Is CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets too high?
CPN Retail Growth Leasehold REIT's current Scaled Net Operating Assets is 0.94. Overall, CPN Retail Growth Leasehold REIT has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets compare to VICI and WPC?
CPN Retail Growth Leasehold REIT's Scaled Net Operating Assets of 0.94 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CPN Retail Growth Leasehold REIT and its competitors. CPN Retail Growth Leasehold REIT's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPN Retail Growth Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, CPN Retail Growth Leasehold REIT (BKK:CPNREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.49, compared to a current price of ฿13.70 — trading 19.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.94. CPN Retail Growth Leasehold REIT's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For CPN Retail Growth Leasehold REIT (BKK:CPNREIT), the current Scaled Net Operating Assets is 0.94 as of Mar. 2026. 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.

Is CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Overvalued in 2026?

Based on GuruFocus' analysis, CPN Retail Growth Leasehold REIT stock appears to be overvalued. The current stock price of ฿13.70 is trading 19.2% above its estimated GF Value™ of ฿11.49. GuruFocus considers CPN Retail Growth Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:CPNREIT:

  • Scaled Net Operating Assets: 0.94
  • GF Value™: ฿11.49 vs. price of ฿13.70 (19.2% above fair value)
  • GF Score™: 79/100 with 10 warning signs

No single metric tells the full story. See the BKK:CPNREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CPN Retail Growth Leasehold REIT Business Description

Industry Real EstateREITs
Address No. 999/9 Rama 1 Road, 31st Floor, The Offices at CentralWorld, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
CPN Retail Growth Leasehold REIT is a closed-end real estate investment trust. Its main business is investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The company has invested in a few projects including shopping projects namely Central Rama 2, Central Rama 3, Central Pinklao and Central Chiangmai Airport, and 2 office buildings, Central Pinklao Tower A and Tower B, as well as invested in additional assets, namely Central Pattaya Shopping Center and Hilton Pattaya Hotel Its operational locality is Thailand. The Trust's reportable operating segment was only investments in leasehold properties and securities, which operated in only one geographical segment, i.e. Thailand by recognize revenue over the time.
79GF Score

Get the complete analysis for BKK:CPNREIT

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿13.70
Price
฿11.49
GF Value