Mirae Asset Global REIT Co. Ltd. (396690) - Net Assets
Based on the latest financial reports, Mirae Asset Global REIT Co. Ltd. (396690) has net assets worth ₩155.10 Billion KRW (≈ $105.11 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 (₩364.88 Billion ≈ $247.27 Million USD) and total liabilities (₩209.78 Billion ≈ $142.16 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. Check 396690 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩155.10 Billion |
| % of Total Assets | 42.51% |
| Annual Growth Rate | 2.81% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.04 |
Mirae Asset Global REIT Co. Ltd. - Net Assets Trend (2022–2025)
This chart illustrates how Mirae Asset Global REIT Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. See Mirae Asset Global REIT Co. Ltd. defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mirae Asset Global REIT Co. Ltd. (2022–2025)
The table below shows the annual net assets of Mirae Asset Global REIT Co. Ltd. from 2022 to 2025. For live valuation and market cap data, see 396690 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₩165.14 Billion ≈ $111.91 Million |
+2.90% |
| 2024-03-31 | ₩160.49 Billion ≈ $108.76 Million |
+6.56% |
| 2023-03-31 | ₩150.60 Billion ≈ $102.06 Million |
-0.88% |
| 2022-03-31 | ₩151.94 Billion ≈ $102.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Mirae Asset Global 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 decreased by 1347403091000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩182.72 Billion | 110.86% |
| Total Equity | ₩164.83 Billion | 100.00% |
Mirae Asset Global REIT Co. Ltd. Competitors by Market Cap
The table below lists competitors of Mirae Asset Global REIT Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wisher Industrial Co Ltd
TW:1465
|
$40.80 Million |
|
Nandan Denim Limited
NSE:NDL
|
$40.84 Million |
|
DJ Mediaprint & Logistics Limited
NSE:DJML
|
$40.86 Million |
|
A-Tech Solution Co. Ltd
KQ:071670
|
$40.86 Million |
|
EstechPharma Co. Ltd
KQ:041910
|
$40.76 Million |
|
BrilliA Inc
NYSE MKT:BRIA
|
$40.75 Million |
|
Ginni Filaments Limited
NSE:GINNIFILA
|
$40.75 Million |
|
Heartbeam Inc
NASDAQ:BEAT
|
$40.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirae Asset Global REIT Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 160,178,191,950 to 164,827,037,930, a change of 4,648,845,980 (2.9%).
- Net income of 1,313,515,100 contributed positively to equity growth.
- Dividend payments of 5,266,283,000 reduced retained earnings.
- Other factors increased equity by 8,601,613,880.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.31 Billion | +0.8% |
| Dividends Paid | ₩5.27 Billion | -3.2% |
| Other Changes | ₩8.60 Billion | +5.22% |
| Total Change | ₩- | 2.90% |
Book Value vs Market Value Analysis
This analysis compares Mirae Asset Global 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: 0.37x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | ₩4756.93 | ₩1520.00 | x |
| 2023-03-31 | ₩4714.88 | ₩1520.00 | x |
| 2024-03-31 | ₩4044.30 | ₩1520.00 | x |
| 2025-03-31 | ₩4161.67 | ₩1520.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirae Asset Global 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): 0.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.38%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.37x
- Recent ROE (0.80%) is above the historical average (-0.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -3.43% | -62.89% | 0.02x | 2.45x | ₩-20.37 Billion |
| 2023 | 1.64% | 19.60% | 0.04x | 2.34x | ₩-12.57 Billion |
| 2024 | -0.50% | -6.22% | 0.04x | 2.26x | ₩-16.81 Billion |
| 2025 | 0.80% | 10.38% | 0.03x | 2.37x | ₩-15.17 Billion |
Industry Comparison
This section compares Mirae Asset Global REIT Co. Ltd.'s net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $400,225,491,884
- Average return on equity (ROE) among peers: 6.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirae Asset Global REIT Co. Ltd. (396690) | ₩155.10 Billion | -3.43% | 1.35x | $40.80 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 |
| Ktop Reit (145270) | $78.64 Billion | 14.19% | 1.92x | $24.74 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 |
About Mirae Asset Global REIT Co. Ltd.
Mirae Asset Global REIT Co., Ltd. operates as a real estate investment trust. The company is based in Seoul, South Korea.