Wereldhave NV (WHA) - Net Assets

Latest as of December 2025: €1.34 Billion EUR ≈ $1.57 Billion USD

Based on the latest financial reports, Wereldhave NV (WHA) has net assets worth €1.34 Billion EUR (≈ $1.57 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.64 Billion ≈ $3.08 Billion USD) and total liabilities (€1.30 Billion ≈ $1.51 Billion USD). 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. Check Wereldhave NV asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€1.34 Billion
% of Total Assets	50.88%
Annual Growth Rate	0.06%
5-Year Change	22.54%
10-Year Change	-37.89%
Growth Volatility	12.23

Wereldhave NV - Net Assets Trend (2002–2025)

This chart illustrates how Wereldhave NV's net assets have evolved over time, based on quarterly financial data. Also explore Wereldhave NV assets under control for the complete picture of this company's asset base.

Annual Net Assets for Wereldhave NV (2002–2025)

The table below shows the annual net assets of Wereldhave NV from 2002 to 2025. For live valuation and market cap data, see Wereldhave NV market cap and net worth.

Year	Net Assets	Change
2025-12-31	€1.34 Billion ≈ $1.57 Billion	+6.16%
2024-12-31	€1.26 Billion ≈ $1.48 Billion	+5.44%
2023-12-31	€1.20 Billion ≈ $1.40 Billion	+6.77%
2022-12-31	€1.12 Billion ≈ $1.31 Billion	+2.53%
2021-12-31	€1.10 Billion ≈ $1.28 Billion	-17.92%
2020-12-31	€1.33 Billion ≈ $1.56 Billion	-13.91%
2019-12-31	€1.55 Billion ≈ $1.81 Billion	-21.54%
2018-12-31	€1.98 Billion ≈ $2.31 Billion	-6.67%
2017-12-31	€2.12 Billion ≈ $2.48 Billion	-2.04%
2016-12-31	€2.16 Billion ≈ $2.53 Billion	-1.22%
2015-12-31	€2.19 Billion ≈ $2.56 Billion	+10.72%
2014-12-31	€1.98 Billion ≈ $2.31 Billion	+31.75%
2013-12-31	€1.50 Billion ≈ $1.75 Billion	-2.41%
2012-12-31	€1.54 Billion ≈ $1.80 Billion	-10.34%
2011-12-31	€1.71 Billion ≈ $2.00 Billion	-0.82%
2010-12-31	€1.73 Billion ≈ $2.02 Billion	+2.47%
2009-12-31	€1.69 Billion ≈ $1.97 Billion	-14.83%
2008-12-31	€1.98 Billion ≈ $2.31 Billion	-5.49%
2007-12-31	€2.10 Billion ≈ $2.45 Billion	+4.54%
2006-12-31	€2.00 Billion ≈ $2.34 Billion	+21.59%
2005-12-31	€1.65 Billion ≈ $1.93 Billion	+8.63%
2004-12-31	€1.52 Billion ≈ $1.77 Billion	+15.83%
2003-12-31	€1.31 Billion ≈ $1.53 Billion	-0.96%
2002-12-31	€1.32 Billion ≈ $1.55 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Wereldhave NV'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 75446500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	€1.84 Billion	169.39%
Total Equity	€1.09 Billion	100.00%

Wereldhave NV Competitors by Market Cap

The table below lists competitors of Wereldhave NV ranked by their market capitalization.

Company	Market Cap
Monex S.A.B. de C.V MX:MONEXB	$996.11 Million
Guangzhou Dongfang Hotel Co Ltd SHE:000524	$996.42 Million
IntelliEPI Cayman TWO:4971	$996.48 Million
Cello World Limited NSE:CELLO	$997.32 Million
Vivenio Residencial SOCIMI S.A. MC:YVIV	$995.58 Million
Guangdong Dongpeng Holdings SHE:003012	$995.50 Million
Frey SA PA:FREY	$995.34 Million
Shanghai Sinotec Co Ltd SHG:603121	$995.22 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Wereldhave NV's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,021,916,000 to 1,087,242,000, a change of 65,326,000 (6.4%).
Net income of 73,344,000 contributed positively to equity growth.
Dividend payments of 57,779,000 reduced retained earnings.
Other comprehensive income increased equity by 6,374,999.
Other factors increased equity by 43,386,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€73.34 Million	+6.75%
Dividends Paid	€57.78 Million	-5.31%
Other Comprehensive Income	€6.37 Million	+0.59%
Other Changes	€43.39 Million	+3.99%
Total Change	€-	6.39%

Book Value vs Market Value Analysis

This analysis compares Wereldhave NV'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: 0.93x
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.
The price-to-book ratio has increased from 0.38x to 0.93x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	€58.39	€22.00	x
2003-12-31	€57.83	€22.00	x
2004-12-31	€59.24	€22.00	x
2005-12-31	€60.13	€22.00	x
2006-12-31	€67.66	€22.00	x
2007-12-31	€70.47	€22.00	x
2008-12-31	€72.87	€22.00	x
2009-12-31	€64.66	€22.00	x
2010-12-31	€51.98	€22.00	x
2011-12-31	€50.16	€22.00	x
2012-12-31	€43.65	€22.00	x
2013-12-31	€47.89	€22.00	x
2014-12-31	€58.97	€22.00	x
2015-12-31	€48.58	€22.00	x
2016-12-31	€44.79	€22.00	x
2017-12-31	€43.53	€22.00	x
2018-12-31	€39.22	€22.00	x
2019-12-31	€32.78	€22.00	x
2020-12-31	€27.96	€22.00	x
2021-12-31	€21.59	€22.00	x
2022-12-31	€22.05	€22.00	x
2023-12-31	€23.88	€22.00	x
2024-12-31	€23.38	€22.00	x
2025-12-31	€23.58	€22.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wereldhave NV 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): 6.75%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 33.98%
• Asset Turnover: 0.08x
• Equity Multiplier: 2.43x
Recent ROE (6.75%) is above the historical average (2.10%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	8.79%	66.12%	0.08x	1.57x	€-15.97 Million
2003	8.89%	67.81%	0.09x	1.54x	€-14.50 Million
2004	11.36%	108.99%	0.07x	1.52x	€19.30 Million
2005	14.01%	119.08%	0.07x	1.70x	€57.63 Million
2006	20.13%	170.71%	0.08x	1.49x	€179.89 Million
2007	12.41%	111.70%	0.07x	1.51x	€44.64 Million
2008	0.51%	4.19%	0.07x	1.62x	€-165.20 Million
2009	-6.52%	-48.33%	0.08x	1.65x	€-259.23 Million
2010	5.90%	40.97%	0.07x	1.94x	€-65.99 Million
2011	3.96%	26.38%	0.07x	2.04x	€-96.20 Million
2012	-7.08%	-55.43%	0.06x	2.16x	€-237.39 Million
2013	2.92%	28.34%	0.06x	1.72x	€-95.57 Million
2014	0.82%	10.15%	0.04x	1.94x	€-167.32 Million
2015	4.40%	36.25%	0.06x	1.95x	€-112.86 Million
2016	5.08%	37.53%	0.07x	2.00x	€-97.26 Million
2017	3.51%	25.61%	0.07x	2.03x	€-125.17 Million
2018	-3.90%	-29.31%	0.07x	2.01x	€-242.45 Million
2019	-24.21%	-132.63%	0.08x	2.31x	€-451.42 Million
2020	-17.27%	-88.12%	0.08x	2.44x	€-306.65 Million
2021	-26.10%	-118.60%	0.09x	2.35x	€-312.93 Million
2022	6.47%	35.20%	0.08x	2.37x	€-31.30 Million
2023	8.23%	43.13%	0.08x	2.36x	€-17.03 Million
2024	11.34%	60.30%	0.08x	2.31x	€13.65 Million
2025	6.75%	33.98%	0.08x	2.43x	€-35.38 Million

Industry Comparison

This section compares Wereldhave NV's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

Industry: REIT - Retail
Average net assets among peers: $1,242,118,000
Average return on equity (ROE) among peers: 20.89%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wereldhave NV (WHA)	€1.34 Billion	8.79%	0.97x	$996.10 Million
Eurocommercial Properties N.V. (ECMPA)	$1.24 Billion	20.89%	0.83x	$1.44 Billion

About Wereldhave NV

AS:WHA Netherlands REIT - Retail

Market Cap

$1.19 Billion

€1.01 Billion EUR

Market Cap Rank

#9132 Global

#53 in Netherlands

Share Price

€22.00

Change (1 day)

+0.69%

52-Week Range

€15.74 - €23.30

All Time High

€29.08