Care REIT plc

LSE:CRT UK REIT - Healthcare Facilities
Market Cap
$129.05
GBX1.06 Million GBX
Market Cap Rank
#50008 Global
#1460 in UK
Share Price
GBX107.80
Change (1 day)
+0.00%
52-Week Range
GBX106.80 - GBX109.20
All Time High
GBX109.20
Categories
Companies in UK REIT - Healthcare Facilities
About

Impact Healthcare REIT plc acquires, renovates, extends and redevelops high quality healthcare real estate assets in the UK and lets these assets on long-term full repairing and insuring leases to high-quality established healthcare operators which offer good quality care, under leases which provide the Company with attractive levels of rent cover. The Company aims to provide shareholders with an… Read more

Care REIT plc (CRT) - Net Assets

Latest net assets as of December 2023: GBX478.11 Million GBX

Based on the latest financial reports, Care REIT plc (CRT) has net assets worth GBX478.11 Million GBX as of December 2023.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX667.29 Million) and total liabilities (GBX189.18 Million). 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 GBX478.11 Million
% of Total Assets 71.65%
Annual Growth Rate 11.02%
5-Year Change N/A
10-Year Change N/A
Growth Volatility 2.71

Care REIT plc - Net Assets Trend (2020–2023)

This chart illustrates how Care REIT plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Care REIT plc (2020–2023)

The table below shows the annual net assets of Care REIT plc from 2020 to 2023.

Year Net Assets Change
2023-12-31 GBX478.11 Million +7.22%
2022-12-31 GBX445.92 Million +13.11%
2021-12-31 GBX394.24 Million +12.80%
2020-12-31 GBX349.52 Million --

Equity Component Analysis

This analysis shows how different components contribute to Care REIT plc'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 43.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings GBX73.17 Million 15.30%
Other Components GBX404.94 Million 84.70%
Total Equity GBX478.11 Million 100.00%

Care REIT plc Competitors by Market Cap

The table below lists competitors of Care REIT plc ranked by their market capitalization.

Company Market Cap
Adheris Health Limited
AU:AHE
 		$119.94
Cv Holdings Inc
PINK:CVHL
 		$120.42
E.A.CABLES LTD
XNAI:EACABLES
 		$120.45
Pelayaran Jaya Hidup Baru Tbk
JK:PJHB
 		$120.61
MEYER PLC
XNSA:MEYER
 		$119.67
FIDELITY BANK PLC
XNSA:FIDELITYBK
 		$119.48
Brightstar Resources Limited
PINK:BTRAF
 		$119.28
Redacted Industries Inc.
NASDAQ:VNUED
 		$118.93

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Care REIT plc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 445,920,000 to 478,107,000, a change of 32,187,000 (7.2%).
  • Net income of 48,831,000 contributed positively to equity growth.
  • Dividend payments of 27,814,000 reduced retained earnings.
  • Other factors increased equity by 11,170,000.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income GBX48.83 Million +10.21%
Dividends Paid GBX27.81 Million -5.82%
Other Changes GBX11.17 Million +2.34%
Total Change GBX- 7.22%

Book Value vs Market Value Analysis

This analysis compares Care REIT plc'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: 93.43x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 98.37x to 93.43x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2020-12-31 GBX1.10 GBX107.80 x
2021-12-31 GBX1.12 GBX107.80 x
2022-12-31 GBX1.10 GBX107.80 x
2023-12-31 GBX1.15 GBX107.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Care REIT plc 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): 10.21%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 91.95%
  • • Asset Turnover: 0.08x
  • • Equity Multiplier: 1.40x
  • Recent ROE (10.21%) is above the historical average (7.59%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2020 8.23% 91.07% 0.07x 1.23x GBX-6.17 Million
2021 8.11% 90.43% 0.07x 1.31x GBX-7.46 Million
2022 3.79% 79.96% 0.04x 1.34x GBX-27.70 Million
2023 10.21% 91.95% 0.08x 1.40x GBX1.02 Million

Industry Comparison

This section compares Care REIT plc's net assets metrics with peer companies in the REIT - Healthcare Facilities industry.

Industry Context

  • Industry: REIT - Healthcare Facilities
  • Average net assets among peers: $529,313,333
  • Average return on equity (ROE) among peers: -1.20%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Care REIT plc (CRT) GBX478.11 Million 8.23% 0.40x $119.82
Life Science REIT PLC (LABS) $350.58 Million 2.21% 0.03x $16.05K
Primary Health Properties (PHP) $1.23 Billion -5.80% 1.09x $322.69K
Target Healthcare REIT Ltd (THRL) $8.86 Million 0.00% 0.01x $81.35K