Ktop Reit (145270) - Net Assets
Based on the latest financial reports, Ktop Reit (145270) has net assets worth ₩106.20 Billion KRW (≈ $71.97 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩215.78 Billion ≈ $146.23 Million USD) and total liabilities (₩109.58 Billion ≈ $74.26 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. Check Ktop Reit tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩106.20 Billion |
| % of Total Assets | 49.22% |
| Annual Growth Rate | 17.45% |
| 5-Year Change | 21.34% |
| 10-Year Change | 83.18% |
| Growth Volatility | 47.4 |
Ktop Reit - Net Assets Trend (2011–2025)
This chart illustrates how Ktop Reit's net assets have evolved over time, based on quarterly financial data. See 145270 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ktop Reit (2011–2025)
The table below shows the annual net assets of Ktop Reit from 2011 to 2025. For live valuation and market cap data, see market cap of Ktop Reit.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩106.20 Billion ≈ $71.97 Million |
+2.59% |
| 2024-12-31 | ₩103.51 Billion ≈ $70.15 Million |
+0.58% |
| 2023-12-31 | ₩102.92 Billion ≈ $69.75 Million |
+7.61% |
| 2022-12-31 | ₩95.64 Billion ≈ $64.81 Million |
+9.28% |
| 2021-12-31 | ₩87.52 Billion ≈ $59.31 Million |
+11.30% |
| 2020-12-31 | ₩78.64 Billion ≈ $53.29 Million |
+14.86% |
| 2019-12-31 | ₩68.46 Billion ≈ $46.39 Million |
+7.15% |
| 2018-12-31 | ₩63.89 Billion ≈ $43.30 Million |
+3.79% |
| 2017-12-31 | ₩61.56 Billion ≈ $41.72 Million |
+6.18% |
| 2016-12-31 | ₩57.98 Billion ≈ $39.29 Million |
+112.51% |
| 2012-12-31 | ₩27.28 Billion ≈ $18.49 Million |
+144.08% |
| 2011-12-31 | ₩11.18 Billion ≈ $7.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ktop 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 grown by 5594930865900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩55.19 Billion | 52.74% |
| Other Components | ₩49.46 Billion | 47.26% |
| Total Equity | ₩104.66 Billion | 100.00% |
Ktop Reit Competitors by Market Cap
The table below lists competitors of Ktop Reit ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Reservoir Link Energy Bhd
KLSE:0219
|
$24.74 Million |
|
Axteria Group Bhd
KLSE:7120
|
$24.74 Million |
|
Enerside Energy S.A.
MC:ENRS
|
$24.75 Million |
|
SFD SA ZY -10
F:7PQ
|
$24.75 Million |
|
Global Vectra Helicorp Limited
NSE:GLOBALVECT
|
$24.73 Million |
|
Advance Metals Ltd
AU:AVM
|
$24.73 Million |
|
Cogra 48 Société Anonyme
PA:ALCOG
|
$24.73 Million |
|
Aquarius Engines AM Ltd
TA:AQUA
|
$24.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ktop Reit's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 102,263,251,500 to 104,657,649,370, a change of 2,394,397,870 (2.3%).
- Net income of 6,216,014,310 contributed positively to equity growth.
- Dividend payments of 3,223,583,990 reduced retained earnings.
- Share repurchases of 637,142,390 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩6.22 Billion | +5.94% |
| Dividends Paid | ₩3.22 Billion | -3.08% |
| Share Repurchases | ₩637.14 Million | -0.61% |
| Other Changes | ₩39.11 Million | +0.04% |
| Total Change | ₩- | 2.34% |
Book Value vs Market Value Analysis
This analysis compares Ktop 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: 0.35x
- 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 0.51x to 0.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩1518.27 | ₩770.00 | x |
| 2020-12-31 | ₩1701.39 | ₩770.00 | x |
| 2021-12-31 | ₩1808.13 | ₩770.00 | x |
| 2022-12-31 | ₩1980.99 | ₩770.00 | x |
| 2023-12-31 | ₩2131.19 | ₩770.00 | x |
| 2024-12-31 | ₩2157.20 | ₩770.00 | x |
| 2025-12-31 | ₩2207.70 | ₩770.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ktop 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): 5.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.21%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.06x
- Recent ROE (5.94%) is below the historical average (6.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -6.01% | -67.95% | 0.04x | 2.06x | ₩-1.79 Billion |
| 2012 | 0.92% | 8.30% | 0.08x | 1.33x | ₩-2.48 Billion |
| 2016 | 4.63% | 33.76% | 0.06x | 2.33x | ₩-3.12 Billion |
| 2017 | 4.03% | 33.10% | 0.05x | 2.42x | ₩-3.68 Billion |
| 2018 | 5.23% | 33.03% | 0.05x | 3.16x | ₩-3.04 Billion |
| 2019 | 7.95% | 48.66% | 0.05x | 3.08x | ₩-1.41 Billion |
| 2020 | 14.19% | 52.66% | 0.09x | 2.92x | ₩3.29 Billion |
| 2021 | 13.29% | 35.93% | 0.13x | 2.88x | ₩2.84 Billion |
| 2022 | 10.63% | 46.47% | 0.08x | 2.86x | ₩592.45 Million |
| 2023 | 11.43% | 43.25% | 0.13x | 2.09x | ₩1.45 Billion |
| 2024 | 5.06% | 42.77% | 0.06x | 2.01x | ₩-5.06 Billion |
| 2025 | 5.94% | 41.21% | 0.07x | 2.06x | ₩-4.25 Billion |
Industry Comparison
This section compares Ktop Reit's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $408,370,693,302
- Average return on equity (ROE) among peers: 4.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ktop Reit (145270) | ₩106.20 Billion | -6.01% | 1.03x | $24.74 Million |
| Korea Real Estate Investment & Trust Co Ltd (034830) | $1.02 Trillion | 13.60% | 0.68x | $181.05 Million |
| E KOCREF CR REIT (088260) | $237.91 Billion | 3.62% | 1.91x | $150.88 Million |
| Korea Asset In Trust Co Ltd (123890) | $1.04 Trillion | 12.53% | 0.43x | $194.88 Million |
| Nh Prime Reit Co Ltd (338100) | $110.28 Billion | 11.59% | 0.00x | $48.50 Million |
| Jr Global Reit (348950) | $337.55 Billion | -0.03% | 0.00x | $158.10 Million |
| Koramco Energy Plus Reit Co Ltd (357120) | $352.68 Billion | -1.35% | 1.95x | $277.70 Million |
| Mirae Asset Maps Reit 1 Co Ltd (357250) | $96.09 Billion | 0.27% | 2.13x | $30.83 Million |
| D&D Platform Reit Co Ltd (377190) | $329.02 Billion | 0.84% | 1.32x | $121.31 Million |
| Mirae Asset Global REIT Co. Ltd. (396690) | $151.94 Billion | -3.42% | 1.45x | $40.80 Million |
About Ktop Reit
K-TOP REITS co.Ltd. is a real estate investment trust. K-TOP REITS co.Ltd. is based in Seoul, South Korea.