E KOCREF CR REIT
E Kocref Cr-Reit engages in the acquisition, development, management, and leasing of real estate properties. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 2005 and is based in Seoul, South Korea. E Kocref Cr-Reit is… Read more
E KOCREF CR REIT (088260) - Net Assets
Latest net assets as of March 2025: ₩215.46 Billion KRW
Based on the latest financial reports, E KOCREF CR REIT (088260) has net assets worth ₩215.46 Billion KRW as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩668.70 Billion) and total liabilities (₩453.23 Billion). 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 | ₩215.46 Billion |
| % of Total Assets | 32.22% |
| Annual Growth Rate | -0.98% |
| 5-Year Change | -13.08% |
| 10-Year Change | N/A |
| Growth Volatility | 11.58 |
E KOCREF CR REIT - Net Assets Trend (2016–2024)
This chart illustrates how E KOCREF CR REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for E KOCREF CR REIT (2016–2024)
The table below shows the annual net assets of E KOCREF CR REIT from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩219.00 Billion | -4.94% |
| 2023-12-31 | ₩230.38 Billion | -3.17% |
| 2022-12-31 | ₩237.91 Billion | -3.16% |
| 2021-12-31 | ₩245.66 Billion | -2.49% |
| 2020-12-31 | ₩251.94 Billion | -3.13% |
| 2019-12-31 | ₩260.08 Billion | -3.27% |
| 2018-12-31 | ₩268.86 Billion | -12.17% |
| 2017-12-31 | ₩306.10 Billion | +29.23% |
| 2016-12-31 | ₩236.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to E KOCREF CR REIT'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 45.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩144.62 Billion | 66.04% |
| Other Components | ₩74.38 Billion | 33.96% |
| Total Equity | ₩219.00 Billion | 100.00% |
E KOCREF CR REIT Competitors by Market Cap
The table below lists competitors of E KOCREF CR REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CELLECTIS (ZVA.SG)
STU:ZVA
|
$30.28K |
|
Automax Motors Ltd
TA:AMX
|
$30.30K |
|
ENDURANCE MOTIVE EO -02
F:7VB
|
$30.30K |
|
Vinacomin Coal Import Export JSC
VN:CLM
|
$30.33K |
|
BFF Bank SpA
STU:2BF
|
$30.27K |
|
BMIN4F
SA:BMIN4F
|
$30.26K |
|
CHINA LIFE INS -H- - Dusseldorf Stock Exchang
DU:CHL
|
$30.26K |
|
WOLFORD
MU:WOF
|
$30.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in E KOCREF CR REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 230,379,718,700 to 218,998,397,580, a change of -11,381,321,120 (-4.9%).
- Net income of 6,558,625,480 contributed positively to equity growth.
- Dividend payments of 11,155,226,660 reduced retained earnings.
- Other factors decreased equity by 6,784,719,940.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩6.56 Billion | +2.99% |
| Dividends Paid | ₩11.16 Billion | -5.09% |
| Other Changes | ₩-6.78 Billion | -3.1% |
| Total Change | ₩- | -4.94% |
Book Value vs Market Value Analysis
This analysis compares E KOCREF CR REIT'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: 1.40x
- 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 1.30x to 1.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩3739.55 | ₩4855.00 | x |
| 2017-12-31 | ₩4832.52 | ₩4855.00 | x |
| 2018-12-31 | ₩4244.56 | ₩4855.00 | x |
| 2019-12-31 | ₩4105.93 | ₩4855.00 | x |
| 2020-12-31 | ₩3977.52 | ₩4855.00 | x |
| 2021-12-31 | ₩3878.38 | ₩4855.00 | x |
| 2022-12-31 | ₩3756.00 | ₩4855.00 | x |
| 2023-12-31 | ₩3637.10 | ₩4855.00 | x |
| 2024-12-31 | ₩3457.42 | ₩4855.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently E KOCREF CR REIT 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): 2.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.67%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 3.07x
- Recent ROE (2.99%) is above the historical average (2.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.41% | 12.85% | 0.05x | 2.17x | ₩-20.36 Billion |
| 2017 | 1.44% | 31.98% | 0.02x | 1.91x | ₩-26.21 Billion |
| 2018 | 2.41% | 31.14% | 0.03x | 2.70x | ₩-20.41 Billion |
| 2019 | 2.60% | 32.08% | 0.03x | 2.75x | ₩-19.24 Billion |
| 2020 | 2.87% | 34.02% | 0.03x | 2.78x | ₩-17.97 Billion |
| 2021 | 3.70% | 42.59% | 0.03x | 2.83x | ₩-15.48 Billion |
| 2022 | 3.62% | 39.38% | 0.03x | 2.91x | ₩-15.19 Billion |
| 2023 | 3.54% | 36.43% | 0.03x | 2.96x | ₩-14.88 Billion |
| 2024 | 2.99% | 28.67% | 0.03x | 3.07x | ₩-15.34 Billion |
Industry Comparison
This section compares E KOCREF CR REIT's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $347,179,495,037
- Average return on equity (ROE) among peers: 3.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| E KOCREF CR REIT (088260) | ₩215.46 Billion | 1.41% | 2.10x | $30.28K |
| Korea Asset In Trust Co Ltd (123890) | $661.96 Billion | 13.54% | 0.87x | $107.76 Million |
| Ktop Reit (145270) | $27.28 Billion | 0.92% | 0.33x | $11.51 Million |
| Nh Prime Reit Co Ltd (338100) | $110.28 Billion | 11.59% | 0.00x | $29.62K |
| Jr Global Reit (348950) | $1.20 Trillion | 2.56% | 1.19x | $9.70K |
| Koramco Energy Plus Reit Co Ltd (357120) | $489.68 Billion | 2.51% | 1.61x | $30.09K |
| Mirae Asset Maps Reit 1 Co Ltd (357250) | $103.08 Billion | 1.78% | 1.95x | $15.98K |
| D&D Platform Reit Co Ltd (377190) | $55.26 Billion | -6.00% | 9.83x | $20.74K |
| Shinhan Seobu T&D REIT Co Ltd (404990) | $270.13 Billion | 1.79% | 1.15x | $28.19K |
| KORAMCO The One REIT (417310) | $206.22 Billion | 0.76% | 1.51x | $61.67K |