Igis Residence Reit Co Ltd (350520) - Net Assets
Based on the latest financial reports, Igis Residence Reit Co Ltd (350520) has net assets worth ₩316.07 Billion KRW (≈ $214.20 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩418.13 Billion ≈ $283.36 Million USD) and total liabilities (₩102.05 Billion ≈ $69.16 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. See debt-free asset ratio of Igis Residence Reit Co Ltd to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩316.07 Billion |
| % of Total Assets | 75.59% |
| Annual Growth Rate | 69.9% |
| 5-Year Change | 180.81% |
| 10-Year Change | N/A |
| Growth Volatility | 258.69 |
Igis Residence Reit Co Ltd - Net Assets Trend (2020–2026)
This chart illustrates how Igis Residence Reit Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 350520 stock market capitalisation.
Annual Net Assets for Igis Residence Reit Co Ltd (2020–2026)
The table below shows the annual net assets of Igis Residence Reit Co Ltd from 2020 to 2026. Also explore net asset growth rate of Igis Residence Reit Co Ltd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | ₩318.63 Billion ≈ $215.93 Million |
+2.06% |
| 2025-06-30 | ₩312.20 Billion ≈ $211.58 Million |
+12.46% |
| 2024-06-30 | ₩277.62 Billion ≈ $188.14 Million |
+13.86% |
| 2023-06-30 | ₩243.83 Billion ≈ $165.24 Million |
+114.89% |
| 2022-06-30 | ₩113.47 Billion ≈ $76.89 Million |
+4.91% |
| 2021-06-30 | ₩108.15 Billion ≈ $73.29 Million |
+715.79% |
| 2020-06-30 | ₩13.26 Billion ≈ $8.98 Million |
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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 16179217643000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩161.76 Billion | 50.77% |
| Other Components | ₩156.86 Billion | 49.23% |
| Total Equity | ₩318.63 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 |
|---|---|
|
Kokuyo Camlin Limited
NSE:KOKUYOCMLN
|
$83.09 Million |
|
Petrovietnam Low Pressure Gas Distribution JSC
VN:PGD
|
$83.12 Million |
|
BIEN SPAREB.AS NK 34375
F:JX0
|
$83.18 Million |
|
American Lithium Corp
V:LI
|
$83.22 Million |
|
Shun On Electronic Co Ltd
TW:6283
|
$83.06 Million |
|
GeeCee Ventures Limited
NSE:GEECEE
|
$83.03 Million |
|
Auburn National Bancorporation Inc
NASDAQ:AUBN
|
$83.03 Million |
|
CHAPEL DOWN GRP PLC LS-05
F:1U6
|
$83.02 Million |
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 2025 to 2026, total equity changed from 312,203,355,220 to 318,627,257,280, a change of 6,423,902,060 (2.1%).
- Net income of 11,953,832,360 contributed positively to equity growth.
- Dividend payments of 5,529,930,300 reduced retained earnings.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩11.95 Billion | +3.75% |
| Dividends Paid | ₩5.53 Billion | -1.74% |
| Total Change | ₩- | 2.06% |
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: 0.38x
- 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 5.17x to 0.38x 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 | ₩3325.00 | x |
| 2021-06-30 | ₩5510.22 | ₩3325.00 | x |
| 2022-06-30 | ₩5502.97 | ₩3325.00 | x |
| 2023-06-30 | ₩8453.65 | ₩3325.00 | x |
| 2024-06-30 | ₩9625.43 | ₩3325.00 | x |
| 2025-06-30 | ₩8468.55 | ₩3325.00 | x |
| 2026-06-30 | ₩8642.80 | ₩3325.00 | 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): 3.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.39%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.30x
- Recent ROE (3.75%) is below the historical average (4.84%), 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 |
| 2026 | 3.75% | 72.39% | 0.04x | 1.30x | ₩-19.91 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) | ₩316.07 Billion | -0.22% | 0.32x | $83.07 Million |
| Kwang Hee Self-Administered Real Estate (140910) | $26.11 Billion | 17.23% | 0.22x | $9.07 Million |
About 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.