Hanwha REIT Co. Ltd. (451800) - Net Assets
Based on the latest financial reports, Hanwha REIT Co. Ltd. (451800) has net assets worth ₩681.14 Billion KRW (≈ $461.60 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.54 Trillion ≈ $1.04 Billion USD) and total liabilities (₩858.78 Billion ≈ $581.99 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. Explore 451800 operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩681.14 Billion |
| % of Total Assets | 44.23% |
| Annual Growth Rate | 43.71% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 56.08 |
Hanwha REIT Co. Ltd. - Net Assets Trend (2023–2025)
This chart illustrates how Hanwha REIT Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Hanwha REIT Co. Ltd. total assets for the complete picture of this company's asset base.
Annual Net Assets for Hanwha REIT Co. Ltd. (2023–2025)
The table below shows the annual net assets of Hanwha REIT Co. Ltd. from 2023 to 2025. For live valuation and market cap data, see 451800 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | ₩696.46 Billion ≈ $471.98 Million |
-1.78% |
| 2024-10-31 | ₩709.09 Billion ≈ $480.54 Million |
+110.37% |
| 2023-10-31 | ₩337.06 Billion ≈ $228.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hanwha 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 428696330000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩700.95 Billion | 100.64% |
| Total Equity | ₩696.46 Billion | 100.00% |
Hanwha REIT Co. Ltd. Competitors by Market Cap
The table below lists competitors of Hanwha REIT Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Latitude Group Holdings Ltd
AU:LFS
|
$665.79 Million |
|
Start Group
SHG:600734
|
$666.20 Million |
|
MOIL Limited
NSE:MOIL
|
$666.79 Million |
|
Hanwha Corp Preferred
KO:00088K
|
$666.91 Million |
|
Levinstein Eng
TA:LEVI
|
$665.74 Million |
|
Ichia Technologies Inc
TW:2402
|
$665.64 Million |
|
Keystone Technology Co Ltd
SHG:605588
|
$665.44 Million |
|
Yunnan Tourism Co Ltd
SHE:002059
|
$665.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanwha REIT Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 709,089,397,910 to 696,458,021,690, a change of -12,631,376,220 (-1.8%).
- Net income of 11,614,623,770 contributed positively to equity growth.
- Dividend payments of 24,246,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩11.61 Billion | +1.67% |
| Dividends Paid | ₩24.25 Billion | -3.48% |
| Other Changes | ₩10.00 | +0.0% |
| Total Change | ₩- | -1.78% |
Book Value vs Market Value Analysis
This analysis compares Hanwha 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: 1.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-10-31 | ₩4089.18 | ₩5470.00 | x |
| 2024-10-31 | ₩3948.16 | ₩5470.00 | x |
| 2025-10-31 | ₩3877.83 | ₩5470.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanwha 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): 1.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.16%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.23x
- Recent ROE (1.67%) is above the historical average (1.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 0.95% | 14.05% | 0.03x | 2.11x | ₩-30.50 Billion |
| 2024 | 1.52% | 21.39% | 0.03x | 2.19x | ₩-60.12 Billion |
| 2025 | 1.67% | 22.16% | 0.03x | 2.23x | ₩-58.03 Billion |
Industry Comparison
This section compares Hanwha REIT Co. Ltd.'s net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $664,209,522,790
- Average return on equity (ROE) among peers: 1.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanwha REIT Co. Ltd. (451800) | ₩681.14 Billion | 0.95% | 1.26x | $665.77 Million |
| Igis Value Plus Reit Co Ltd (334890) | $289.63 Billion | 15.54% | 0.14x | $141.09 Million |
| SK Reit Co Ltd (395400) | $1.96 Trillion | 1.53% | 1.60x | $1.16 Billion |
| KB Star REIT Co. Ltd. (432320) | $264.53 Million | -13.41% | 0.13x | $106.87 Million |
| SamsungFN REIT Co. Ltd. (448730) | $404.61 Billion | 1.07% | 1.14x | $344.92 Million |
About Hanwha REIT Co. Ltd.
Hanwha REIT Co., Ltd. engages in acquisition, management, development, leasing, and other related services for real estate properties. The company was incorporated in 2022 and is based in Seoul, South Korea.