Retail Estates - Sicafi Net Assets
Retail Estates - Sicafi net assets. Based on the latest financial reports, Retail Estates - Sicafi (RET) has net assets worth €1.30 Billion EUR (≈ $1.52 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.20 Billion ≈ $2.58 Billion USD) and total liabilities (€903.57 Million ≈ $1.06 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. Also explore net asset growth rate of Retail Estates - Sicafi to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.30 Billion |
| % of Total Assets | 58.99% |
| Annual Growth Rate | 11.93% |
| 5-Year Change | 41.13% |
| 10-Year Change | 152.4% |
| Growth Volatility | 8.48 |
Net Assets of Retail Estates - Sicafi (2005–2026)
Net assets of Retail Estates - Sicafi from 2005 to 2026. This chart illustrates how Retail Estates - Sicafi's net assets have evolved over time, based on quarterly financial data. See RET equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Retail Estates - Sicafi (2005–2026)
The table below shows the annual net assets of Retail Estates - Sicafi from 2005 to 2026. For live market cap and overall valuation, see RET market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | €1.30 Billion ≈ $1.52 Billion |
+5.67% |
| 2025-03-31 | €1.23 Billion ≈ $1.44 Billion |
+4.74% |
| 2024-03-31 | €1.17 Billion ≈ $1.37 Billion |
+6.37% |
| 2023-03-31 | €1.10 Billion ≈ $1.29 Billion |
+19.88% |
| 2022-03-31 | €920.98 Million ≈ $1.08 Billion |
+13.95% |
| 2021-03-31 | €808.22 Million ≈ $944.90 Million |
+1.16% |
| 2020-03-31 | €798.99 Million ≈ $934.10 Million |
+12.86% |
| 2019-03-31 | €707.93 Million ≈ $827.64 Million |
+24.56% |
| 2018-03-31 | €568.33 Million ≈ $664.44 Million |
+10.36% |
| 2017-03-31 | €514.97 Million ≈ $602.05 Million |
+8.60% |
| 2016-03-31 | €474.17 Million ≈ $554.35 Million |
+24.38% |
| 2015-03-31 | €381.21 Million ≈ $445.68 Million |
+6.92% |
| 2014-03-31 | €356.52 Million ≈ $416.81 Million |
+32.25% |
| 2013-03-31 | €269.59 Million ≈ $315.18 Million |
+11.71% |
| 2012-03-31 | €241.34 Million ≈ $282.15 Million |
+5.11% |
| 2011-03-31 | €229.61 Million ≈ $268.43 Million |
+20.19% |
| 2010-03-31 | €191.04 Million ≈ $223.35 Million |
+20.71% |
| 2009-03-31 | €158.26 Million ≈ $185.02 Million |
-3.49% |
| 2008-03-31 | €163.98 Million ≈ $191.71 Million |
+11.48% |
| 2007-03-31 | €147.09 Million ≈ $171.96 Million |
+10.45% |
| 2006-03-31 | €133.17 Million ≈ $155.69 Million |
+9.22% |
| 2005-03-31 | €121.93 Million ≈ $142.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Retail Estates - Sicafi'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 3124.5% over the analyzed period, indicating profitable operations and earnings retention.
Retail Estates - Sicafi Net Assets Breakdown (March 2026)
Retail Estates - Sicafi net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €269.25 Million | 20.92% |
| Common Stock | €329.68 Million | 25.62% |
| Other Comprehensive Income | €280.45 Million | 21.79% |
| Other Components | €407.49 Million | 31.67% |
| Total Equity | €1.29 Billion | 100.00% |
Retail Estates - Sicafi Competitors by Market Cap
The table below lists competitors of Retail Estates - Sicafi ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Altamir SCA
PA:LTA
|
$972.38 Million |
|
Yulon Motor Co Ltd
TW:2201
|
$972.41 Million |
|
Compass Minerals International Inc
NYSE:CMP
|
$973.01 Million |
|
Zhejiang Sanwei Rubber Item Co
SHG:603033
|
$973.25 Million |
|
BlackRock Technology and Private Equity Term Trust
NYSE:BTX
|
$972.20 Million |
|
Zhejiang JW Precision Machinery Co.Ltd
SHE:300984
|
$971.87 Million |
|
Savara Inc
NASDAQ:SVRA
|
$971.83 Million |
|
Power Solutions International, Inc. Common Stock
NASDAQ:PSIX
|
$971.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Retail Estates - Sicafi's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,221,040,000 to 1,286,865,000, a change of 65,825,000 (5.4%).
- Net income of 122,950,000 contributed positively to equity growth.
- Dividend payments of 56,899,000 reduced retained earnings.
- Other comprehensive income increased equity by 16,102,999.
- Other factors decreased equity by 16,328,999.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €122.95 Million | +9.55% |
| Dividends Paid | €56.90 Million | -4.42% |
| Other Comprehensive Income | €16.10 Million | +1.25% |
| Other Changes | €-16.33 Million | -1.27% |
| Total Change | €- | 5.39% |
Book Value vs Market Value Analysis
This analysis compares Retail Estates - Sicafi'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: 0.73x
- 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 1.96x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | €31.90 | €62.50 | x |
| 2006-03-31 | €36.31 | €62.50 | x |
| 2007-03-31 | €40.09 | €62.50 | x |
| 2008-03-31 | €42.52 | €62.50 | x |
| 2009-03-31 | €40.04 | €62.50 | x |
| 2010-03-31 | €43.99 | €62.50 | x |
| 2011-03-31 | €45.44 | €62.50 | x |
| 2012-03-31 | €44.15 | €62.50 | x |
| 2013-03-31 | €45.87 | €62.50 | x |
| 2014-03-31 | €50.05 | €62.50 | x |
| 2015-03-31 | €51.65 | €62.50 | x |
| 2016-03-31 | €54.96 | €62.50 | x |
| 2017-03-31 | €57.81 | €62.50 | x |
| 2018-03-31 | €60.91 | €62.50 | x |
| 2019-03-31 | €62.84 | €62.50 | x |
| 2020-03-31 | €64.64 | €62.50 | x |
| 2021-03-31 | €63.88 | €62.50 | x |
| 2022-03-31 | €71.43 | €62.50 | x |
| 2023-03-31 | €78.89 | €62.50 | x |
| 2024-03-31 | €81.67 | €62.50 | x |
| 2025-03-31 | €83.02 | €62.50 | x |
| 2026-03-31 | €86.04 | €62.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Retail Estates - Sicafi 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): 9.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 76.15%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.71x
- Recent ROE (9.55%) is below the historical average (10.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 10.22% | 81.54% | 0.08x | 1.56x | €266.20K |
| 2006 | 14.62% | 134.46% | 0.07x | 1.55x | €6.15 Million |
| 2007 | 15.65% | 148.08% | 0.06x | 1.80x | €8.31 Million |
| 2008 | 12.96% | 99.54% | 0.06x | 2.05x | €4.83 Million |
| 2009 | 8.85% | 54.40% | 0.06x | 2.52x | €-1.82 Million |
| 2010 | 8.04% | 49.68% | 0.07x | 2.38x | €-3.74 Million |
| 2011 | 11.63% | 79.75% | 0.06x | 2.27x | €3.73 Million |
| 2012 | 11.34% | 70.80% | 0.07x | 2.30x | €3.23 Million |
| 2013 | 10.97% | 64.78% | 0.07x | 2.55x | €2.62 Million |
| 2014 | 8.01% | 54.22% | 0.07x | 2.12x | €-7.08 Million |
| 2015 | 9.24% | 60.23% | 0.07x | 2.22x | €-2.88 Million |
| 2016 | 8.86% | 61.86% | 0.07x | 2.14x | €-5.38 Million |
| 2017 | 10.12% | 78.99% | 0.06x | 2.11x | €639.00K |
| 2018 | 8.22% | 60.58% | 0.06x | 2.45x | €-10.14 Million |
| 2019 | 7.70% | 57.97% | 0.06x | 2.21x | €-16.31 Million |
| 2020 | 7.27% | 54.55% | 0.06x | 2.23x | €-21.80 Million |
| 2021 | 7.60% | 54.27% | 0.06x | 2.18x | €-19.39 Million |
| 2022 | 14.31% | 103.21% | 0.07x | 1.97x | €39.74 Million |
| 2023 | 16.46% | 130.07% | 0.07x | 1.82x | €70.90 Million |
| 2024 | 10.53% | 79.78% | 0.07x | 1.83x | €6.23 Million |
| 2025 | 8.74% | 75.89% | 0.07x | 1.77x | €-15.41 Million |
| 2026 | 9.55% | 76.15% | 0.07x | 1.71x | €-5.74 Million |
Industry Comparison
This section compares Retail Estates - Sicafi's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $380,013,500
- Average return on equity (ROE) among peers: 9.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Retail Estates - Sicafi (RET) | €1.30 Billion | 10.22% | 0.70x | $972.21 Million |
| Ascencio (D) (ASCE) | $437.01 Million | 20.74% | 0.79x | $361.94 Million |
| QRF SCA (QRF) | $125.38 Million | 10.05% | 1.15x | $131.28 Million |
| Vastned Retail Belgium (VASTB) | $268.44 Million | 2.70% | 0.39x | $478.89 Million |
| Wereldhav B-Sicafi (WEHB) | $689.22 Million | 4.20% | 0.44x | $631.16 Million |
About Retail Estates - Sicafi
Retail Estates NV is a niche player specialized in making out of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. Retail Estates NV/SA acquires these real estate properties from third parties or builds and commercializes retail buildings for its own account. A typical retail building has an average area of 1,000 m… Read more