Shinhan Seobu T&D REIT Co Ltd
Shinhan Seobu T&D REIT Co., Ltd. is a diversified REIT firm and is headquartered in Seoul, South Korea.
Shinhan Seobu T&D REIT Co Ltd (404990) - Net Assets
Latest net assets as of September 2025: ₩344.10 Billion KRW
Based on the latest financial reports, Shinhan Seobu T&D REIT Co Ltd (404990) has net assets worth ₩344.10 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 (₩1.09 Trillion) and total liabilities (₩741.43 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 | ₩344.10 Billion |
| % of Total Assets | 31.7% |
| Annual Growth Rate | 25.48% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.32 |
Shinhan Seobu T&D REIT Co Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Shinhan Seobu T&D 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 Shinhan Seobu T&D REIT Co Ltd (2021–2025)
The table below shows the annual net assets of Shinhan Seobu T&D REIT Co Ltd from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₩346.71 Billion | +36.02% |
| 2024-03-31 | ₩254.89 Billion | -2.86% |
| 2023-03-31 | ₩262.39 Billion | -2.87% |
| 2022-03-31 | ₩270.13 Billion | +93.18% |
| 2021-03-31 | ₩139.83 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinhan Seobu T&D 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 2857076075000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩278.09 Billion | 111.85% |
| Total Equity | ₩248.63 Billion | 100.00% |
Shinhan Seobu T&D REIT Co Ltd Competitors by Market Cap
The table below lists competitors of Shinhan Seobu T&D REIT Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AH-Vest Limited
JSE:AHL
|
$28.20K |
|
169670
KO:169670
|
$28.20K |
|
Ashler et Manson SA
PA:MLAEM
|
$28.22K |
|
KONICA MINOLTA HLDG
MU:KPI1
|
$28.30K |
|
317860
KO:317860
|
$28.18K |
|
Rigsave S.P.A.
XETRA:H68
|
$28.14K |
|
Noobz from Poland S.A.
WAR:NOB
|
$28.14K |
|
HuM&C Co. Ltd.
KO:263920
|
$28.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinhan Seobu T&D REIT Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 254,893,068,120 to 248,633,124,580, a change of -6,259,943,540 (-2.5%).
- Net loss of 3,670,178,080 reduced equity.
- Dividend payments of 10,045,576,390 reduced retained earnings.
- Other factors increased equity by 7,455,810,930.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-3.67 Billion | -1.48% |
| Dividends Paid | ₩10.05 Billion | -4.04% |
| Other Changes | ₩7.46 Billion | +3.0% |
| Total Change | ₩- | -2.46% |
Book Value vs Market Value Analysis
This analysis compares Shinhan Seobu T&D 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: 1.02x
- 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 0.87x to 1.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | ₩5183.23 | ₩4525.00 | x |
| 2022-03-31 | ₩4827.48 | ₩4525.00 | x |
| 2023-03-31 | ₩4689.17 | ₩4525.00 | x |
| 2024-03-31 | ₩4555.25 | ₩4525.00 | x |
| 2025-03-31 | ₩4443.38 | ₩4525.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinhan Seobu T&D 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): -1.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.62%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 4.42x
- Recent ROE (-1.48%) is below the historical average (0.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.25% | -3.63% | 0.02x | 2.90x | ₩-14.33 Billion |
| 2022 | 1.79% | 32.97% | 0.03x | 2.15x | ₩-22.17 Billion |
| 2023 | 1.72% | 30.14% | 0.03x | 2.18x | ₩-21.74 Billion |
| 2024 | -0.44% | -6.38% | 0.03x | 2.54x | ₩-26.61 Billion |
| 2025 | -1.48% | -13.62% | 0.02x | 4.42x | ₩-28.53 Billion |
Industry Comparison
This section compares Shinhan Seobu T&D 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: $341,498,653,437
- Average return on equity (ROE) among peers: 3.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinhan Seobu T&D REIT Co Ltd (404990) | ₩344.10 Billion | -0.25% | 2.15x | $28.19K |
| E KOCREF CR REIT (088260) | $219.00 Billion | 2.99% | 2.07x | $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 |
| KORAMCO The One REIT (417310) | $206.22 Billion | 0.76% | 1.51x | $61.67K |