Igis Residence Reit Co Ltd
IGIS Residence Reit Co., Ltd. operates as a real estate investment fund based on rented houses. The company was founded in 2020 and is based in Seoul, South Korea.
Igis Residence Reit Co Ltd (350520) - Net Assets
Latest net assets as of September 2025: ₩313.23 Billion KRW
Based on the latest financial reports, Igis Residence Reit Co Ltd (350520) has net assets worth ₩313.23 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩415.50 Billion) and total liabilities (₩102.28 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 | ₩313.23 Billion |
| % of Total Assets | 75.39% |
| Annual Growth Rate | 88.12% |
| 5-Year Change | 188.67% |
| 10-Year Change | N/A |
| Growth Volatility | 274.72 |
Igis Residence Reit Co Ltd - Net Assets Trend (2020–2025)
This chart illustrates how Igis Residence Reit Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Igis Residence Reit Co Ltd (2020–2025)
The table below shows the annual net assets of Igis Residence Reit Co Ltd from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | ₩312.20 Billion | +12.46% |
| 2024-06-30 | ₩277.62 Billion | +13.86% |
| 2023-06-30 | ₩243.83 Billion | +114.89% |
| 2022-06-30 | ₩113.47 Billion | +4.91% |
| 2021-06-30 | ₩108.15 Billion | +715.79% |
| 2020-06-30 | ₩13.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Igis Residence Reit Co Ltd'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 15068620178000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩150.66 Billion | 48.26% |
| Other Components | ₩161.55 Billion | 51.74% |
| Total Equity | ₩312.20 Billion | 100.00% |
Igis Residence Reit Co Ltd Competitors by Market Cap
The table below lists competitors of Igis Residence Reit Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zotefoams PLC
LSE:ZTF
|
$23.24K |
|
Omagine Inc
PINK:OMAGQ
|
$23.25K |
|
The Healing Company Inc
PINK:HLCO
|
$23.28K |
|
TTEN3F
SA:TTEN3F
|
$23.28K |
|
VECTOR
BE:VQA
|
$23.24K |
|
City Of London Investment Group
LSE:CLIG
|
$23.22K |
|
Daouincube Inc.
KQ:020120
|
$23.22K |
|
PLPL3F
SA:PLPL3F
|
$23.18K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Igis Residence Reit Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 277,624,661,200 to 312,203,355,220, a change of 34,578,694,020 (12.5%).
- Net income of 3,472,731,640 contributed positively to equity growth.
- Dividend payments of 5,529,930,300 reduced retained earnings.
- New share issuances of 31,619,580,100 increased equity.
- Other factors increased equity by 5,016,312,580.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.47 Billion | +1.11% |
| Dividends Paid | ₩5.53 Billion | -1.77% |
| Share Issuances | ₩31.62 Billion | +10.13% |
| Other Changes | ₩5.02 Billion | +1.61% |
| Total Change | ₩- | 12.46% |
Book Value vs Market Value Analysis
This analysis compares Igis Residence Reit Co Ltd'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: 0.44x
- 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 5.81x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | ₩643.55 | ₩3740.00 | x |
| 2021-06-30 | ₩5510.22 | ₩3740.00 | x |
| 2022-06-30 | ₩5502.97 | ₩3740.00 | x |
| 2023-06-30 | ₩8453.65 | ₩3740.00 | x |
| 2024-06-30 | ₩9625.43 | ₩3740.00 | x |
| 2025-06-30 | ₩8468.55 | ₩3740.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Igis Residence Reit Co Ltd 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): 1.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.95%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.29x
- Recent ROE (1.11%) is below the historical average (5.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -0.22% | 0.00% | 0.00x | 1.02x | ₩-1.35 Billion |
| 2021 | 6.75% | 94.49% | 0.07x | 1.00x | ₩-3.52 Billion |
| 2022 | 7.14% | 88.46% | 0.05x | 1.48x | ₩-3.24 Billion |
| 2023 | 3.21% | 51.30% | 0.04x | 1.47x | ₩-16.56 Billion |
| 2024 | 12.14% | 79.69% | 0.11x | 1.42x | ₩5.95 Billion |
| 2025 | 1.11% | 28.95% | 0.03x | 1.29x | ₩-27.75 Billion |
Industry Comparison
This section compares Igis Residence Reit Co Ltd's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $26,109,941,920
- Average return on equity (ROE) among peers: 17.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Igis Residence Reit Co Ltd (350520) | ₩313.23 Billion | -0.22% | 0.33x | $23.24K |
| Kwang Hee Self-Administered Real Estate (140910) | $26.11 Billion | 17.23% | 0.22x | $20.93K |