Trastor Real Estate Investment Company SA
Trastor Real Estate Investment Company SA operates as a property investment company in Greece. Its property portfolio includes shops, offices, gas stations, and garages. The company was formerly known as Piraeus Real Estate Investment Company and changed its name to Trastor Real Estate Investment Company SA in May 2009. Trastor Real Estate Investment Company is headquartered in Athens, Greece.
Trastor Real Estate Investment Company SA (TRASTOR) - Net Assets
Latest net assets as of December 2024: €385.35 Million EUR
Based on the latest financial reports, Trastor Real Estate Investment Company SA (TRASTOR) has net assets worth €385.35 Million EUR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€730.44 Million) and total liabilities (€345.09 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 | €385.35 Million |
| % of Total Assets | 52.76% |
| Annual Growth Rate | 18.13% |
| 5-Year Change | 142.14% |
| 10-Year Change | 507.75% |
| Growth Volatility | 19.09 |
Trastor Real Estate Investment Company SA - Net Assets Trend (2014–2024)
This chart illustrates how Trastor Real Estate Investment Company SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trastor Real Estate Investment Company SA (2014–2024)
The table below shows the annual net assets of Trastor Real Estate Investment Company SA from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €385.35 Million | +40.54% |
| 2023-12-31 | €274.20 Million | +29.15% |
| 2022-12-31 | €212.31 Million | +17.25% |
| 2021-12-31 | €181.07 Million | +13.78% |
| 2020-12-31 | €159.14 Million | +30.39% |
| 2019-12-31 | €122.06 Million | +47.69% |
| 2018-12-31 | €82.65 Million | +3.82% |
| 2017-12-31 | €79.61 Million | +33.78% |
| 2016-12-31 | €59.50 Million | -6.15% |
| 2015-12-31 | €63.41 Million | -12.89% |
| 2014-12-31 | €72.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trastor Real Estate Investment Company SA'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 939.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €110.24 Million | 28.61% |
| Other Components | €275.11 Million | 71.39% |
| Total Equity | €385.35 Million | 100.00% |
Trastor Real Estate Investment Company SA Competitors by Market Cap
The table below lists competitors of Trastor Real Estate Investment Company SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sequa Petroleum NV
PA:MLSEQ
|
$4.35 Million |
|
Sirakorn PCL
BK:SK
|
$4.35 Million |
|
KIWI Media Group Co.Ltd
KO:012170
|
$4.35 Million |
|
Pelayaran Kurnia Lautan Semesta
JK:KLAS
|
$4.36 Million |
|
Peerapat Technology Public Company Limited
BK:PRAPAT
|
$4.35 Million |
|
WinVest Acquisition Corp
NASDAQ:WINV
|
$4.35 Million |
|
MOODY'S
BE:DUT
|
$4.34 Million |
|
Golden Deeps Ltd
AU:GED
|
$4.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trastor Real Estate Investment Company SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 274,195,442 to 385,348,199, a change of 111,152,757 (40.5%).
- Net income of 33,406,690 contributed positively to equity growth.
- Dividend payments of 4,893,594 reduced retained earnings.
- New share issuances of 74,999,991 increased equity.
- Other factors increased equity by 7,639,670.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €33.41 Million | +8.67% |
| Dividends Paid | €4.89 Million | -1.27% |
| Share Issuances | €75.00 Million | +19.46% |
| Other Changes | €7.64 Million | +1.98% |
| Total Change | €- | 40.54% |
Book Value vs Market Value Analysis
This analysis compares Trastor Real Estate Investment Company SA'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: 0.77x
- 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 decreased from 1.28x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €0.95 | €1.22 | x |
| 2019-12-31 | €1.12 | €1.22 | x |
| 2020-12-31 | €1.06 | €1.22 | x |
| 2021-12-31 | €1.20 | €1.22 | x |
| 2022-12-31 | €1.40 | €1.22 | x |
| 2023-12-31 | €1.80 | €1.22 | x |
| 2024-12-31 | €1.57 | €1.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trastor Real Estate Investment Company SA 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): 8.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 104.09%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.90x
- Recent ROE (8.67%) is above the historical average (3.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -1.49% | -25.57% | 0.05x | 1.12x | €-8.37 Million |
| 2015 | -14.80% | -224.54% | 0.06x | 1.09x | €-15.72 Million |
| 2016 | -6.09% | -91.84% | 0.06x | 1.10x | €-9.57 Million |
| 2017 | 0.00% | 0.06% | 0.05x | 1.08x | €-7.96 Million |
| 2018 | 3.31% | 47.13% | 0.05x | 1.42x | €-5.53 Million |
| 2019 | 11.28% | 133.42% | 0.05x | 1.80x | €1.56 Million |
| 2020 | 1.94% | 22.45% | 0.04x | 2.02x | €-12.83 Million |
| 2021 | 12.71% | 120.27% | 0.05x | 1.96x | €4.91 Million |
| 2022 | 15.99% | 147.33% | 0.05x | 2.03x | €12.71 Million |
| 2023 | 8.26% | 83.54% | 0.05x | 1.84x | €-4.77 Million |
| 2024 | 8.67% | 104.09% | 0.04x | 1.90x | €-5.13 Million |
Industry Comparison
This section compares Trastor Real Estate Investment Company SA's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $117,128,608
- Average return on equity (ROE) among peers: 7.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trastor Real Estate Investment Company SA (TRASTOR) | €385.35 Million | -1.49% | 0.90x | $4.35 Million |
| BLE Kedros R.E.I.C. (BLEKEDROS) | $117.13 Million | 7.73% | 0.22x | $40.98K |