Irish Residential Properties Net Assets
Irish Residential Properties net assets. Based on the latest financial reports, Irish Residential Properties (IRES) has net assets worth €665.36 Million EUR (≈ $777.87 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.25 Billion ≈ $1.47 Billion USD) and total liabilities (€589.47 Million ≈ $689.16 Million 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 Irish Residential Properties to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €665.36 Million |
| % of Total Assets | 53.02% |
| Annual Growth Rate | 12.77% |
| 5-Year Change | -20.62% |
| 10-Year Change | 53.59% |
| Growth Volatility | 35.66 |
Net Assets of Irish Residential Properties (2014–2024)
Net assets of Irish Residential Properties from 2014 to 2024. This chart illustrates how Irish Residential Properties's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Irish Residential Properties to measure how much of total assets are equity-financed.
Annual Net Assets for Irish Residential Properties (2014–2024)
The table below shows the annual net assets of Irish Residential Properties from 2014 to 2024. For live market cap and overall valuation, see Irish Residential Properties (IRES) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €668.15 Million ≈ $781.14 Million |
-4.18% |
| 2023-12-31 | €697.33 Million ≈ $815.25 Million |
-17.70% |
| 2022-12-31 | €847.35 Million ≈ $990.64 Million |
-3.87% |
| 2021-12-31 | €881.44 Million ≈ $1.03 Billion |
+4.72% |
| 2020-12-31 | €841.70 Million ≈ $984.03 Million |
+3.89% |
| 2019-12-31 | €810.17 Million ≈ $947.17 Million |
+30.94% |
| 2018-12-31 | €618.72 Million ≈ $723.35 Million |
+22.77% |
| 2017-12-31 | €503.98 Million ≈ $589.21 Million |
+7.32% |
| 2016-12-31 | €469.60 Million ≈ $549.01 Million |
+7.95% |
| 2015-12-31 | €435.02 Million ≈ $508.58 Million |
+116.52% |
| 2014-12-31 | €200.92 Million ≈ $234.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Irish Residential Properties'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 1339.9% over the analyzed period, indicating profitable operations and earnings retention.
Irish Residential Properties Net Assets Breakdown (December 2024)
Irish Residential Properties net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €111.88 Million | 16.75% |
| Other Components | €556.27 Million | 83.25% |
| Total Equity | €668.15 Million | 100.00% |
Irish Residential Properties Competitors by Market Cap
The table below lists competitors of Irish Residential Properties ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caisse Regionale de Credit Agricole Mutuel de Normandie Seine SC
PA:CCN
|
$489.37 Million |
|
Shandong Meichen Science & Technology Co Ltd
SHE:300237
|
$489.51 Million |
|
E&R Engineering
TWO:8027
|
$489.60 Million |
|
Smartgen (Zhengzhou) Technology Co. Ltd. A
SHE:301361
|
$489.77 Million |
|
First Foundation Inc.
NYSE:FFWM
|
$489.27 Million |
|
Keystone Realtors Limited
NSE:RUSTOMJEE
|
$489.22 Million |
|
Shenzhen Neptunus Bioengineering Co Ltd
SHE:000078
|
$488.97 Million |
|
Wolong Real Estate Group Co Ltd
SHG:600173
|
$488.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Irish Residential Properties's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 697,331,000 to 668,150,000, a change of -29,181,000 (-4.2%).
- Net loss of 6,676,000 reduced equity.
- Dividend payments of 20,548,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-6.68 Million | -1.0% |
| Dividends Paid | €20.55 Million | -3.08% |
| Other Changes | €-1.96 Million | -0.29% |
| Total Change | €- | -4.18% |
Book Value vs Market Value Analysis
This analysis compares Irish Residential Properties'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: 1.03x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.45x to 1.03x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | €2.93 | €1.30 | x |
| 2015-12-31 | €1.17 | €1.30 | x |
| 2016-12-31 | €1.12 | €1.30 | x |
| 2017-12-31 | €1.19 | €1.30 | x |
| 2018-12-31 | €1.43 | €1.30 | x |
| 2019-12-31 | €1.68 | €1.30 | x |
| 2020-12-31 | €1.61 | €1.30 | x |
| 2021-12-31 | €1.68 | €1.30 | x |
| 2022-12-31 | €1.60 | €1.30 | x |
| 2023-12-31 | €1.32 | €1.30 | x |
| 2024-12-31 | €1.26 | €1.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Irish Residential Properties 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): -1.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.83%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.88x
- Recent ROE (-1.00%) is below the historical average (5.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 7.04% | 107.31% | 0.04x | 1.65x | €-5.95 Million |
| 2015 | 7.09% | 124.68% | 0.05x | 1.12x | €-12.68 Million |
| 2016 | 10.01% | 121.25% | 0.06x | 1.48x | €31.50K |
| 2017 | 12.91% | 145.61% | 0.06x | 1.51x | €14.68 Million |
| 2018 | 19.36% | 236.69% | 0.05x | 1.52x | €57.91 Million |
| 2019 | 10.65% | 138.95% | 0.04x | 1.71x | €5.27 Million |
| 2020 | 6.92% | 77.95% | 0.05x | 1.68x | €-25.91 Million |
| 2021 | 7.66% | 84.70% | 0.05x | 1.73x | €-20.60 Million |
| 2022 | -1.39% | -13.93% | 0.06x | 1.80x | €-96.56 Million |
| 2023 | -16.64% | -132.05% | 0.07x | 1.86x | €-185.75 Million |
| 2024 | -1.00% | -7.83% | 0.07x | 1.88x | €-73.49 Million |
Industry Comparison
This section compares Irish Residential Properties's net assets metrics with peer companies in the REIT - Residential industry.
No peer company data available for comparison.
About Irish Residential Properties
Irish Residential Properties REIT plc ("I-RES") is a Real Estate Investment Trust providing quality professionally managed homes in sustainable communities in Ireland. I-RES aims to be the provider of choice for the Irish living sector, known for excellent service and for operating responsibly, minimising its environmental impact, and maximising its contribution to the community. The Company's sh… Read more