The North American Income Trust plc Net Assets
The North American Income Trust plc net assets. Based on the latest financial reports, The North American Income Trust plc (NAIT) has net assets worth GBX509.74 Million GBX (≈ $62.02K USD) as of July 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX553.83 Million ≈ $67.38K USD) and total liabilities (GBX44.09 Million ≈ $5.36K 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. Also explore The North American Income Trust plc annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX509.74 Million |
| % of Total Assets | 92.04% |
| Annual Growth Rate | -0.93% |
| 5-Year Change | 2.2% |
| 10-Year Change | 20.9% |
| Growth Volatility | 16.97 |
Net Assets of The North American Income Trust plc (2000–2026)
Net assets of The North American Income Trust plc from 2000 to 2026. This chart illustrates how The North American Income Trust plc's net assets have evolved over time, based on quarterly financial data. See NAIT equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for The North American Income Trust plc (2000–2026)
The table below shows the annual net assets of The North American Income Trust plc from 2000 to 2026. For live market cap and overall valuation, see The North American Income Trust plc (NAIT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | GBX458.33 Million ≈ $55.77K |
-2.03% |
| 2025-01-31 | GBX467.83 Million ≈ $56.92K |
+7.18% |
| 2024-01-31 | GBX436.48 Million ≈ $53.11K |
-7.70% |
| 2023-01-31 | GBX472.89 Million ≈ $57.54K |
+5.45% |
| 2022-01-31 | GBX448.46 Million ≈ $54.56K |
+19.46% |
| 2021-01-31 | GBX375.42 Million ≈ $45.68K |
-9.31% |
| 2020-01-31 | GBX413.95 Million ≈ $50.37K |
+3.84% |
| 2019-01-31 | GBX398.66 Million ≈ $48.51K |
+1.79% |
| 2018-01-31 | GBX391.65 Million ≈ $47.65K |
+3.31% |
| 2017-01-31 | GBX379.10 Million ≈ $46.13K |
+35.08% |
| 2016-01-31 | GBX280.64 Million ≈ $34.15K |
-9.26% |
| 2015-01-31 | GBX309.27 Million ≈ $37.63K |
+13.72% |
| 2014-01-31 | GBX271.95 Million ≈ $33.09K |
+12.34% |
| 2013-01-31 | GBX242.07 Million ≈ $29.45K |
+9.83% |
| 2012-01-31 | GBX220.41 Million ≈ $26.82K |
-1.10% |
| 2011-01-31 | GBX222.85 Million ≈ $27.12K |
+9.07% |
| 2010-01-31 | GBX204.33 Million ≈ $24.86K |
+12.58% |
| 2009-01-31 | GBX181.49 Million ≈ $22.08K |
-18.65% |
| 2008-01-31 | GBX223.12 Million ≈ $27.15K |
-50.02% |
| 2007-01-31 | GBX446.41 Million ≈ $54.31K |
-9.00% |
| 2006-01-31 | GBX490.57 Million ≈ $59.69K |
+13.46% |
| 2005-01-31 | GBX432.38 Million ≈ $52.61K |
-4.56% |
| 2004-01-31 | GBX453.03 Million ≈ $55.12K |
+19.28% |
| 2003-01-31 | GBX379.81 Million ≈ $46.21K |
-34.62% |
| 2002-01-31 | GBX580.91 Million ≈ $70.68K |
-8.98% |
| 2001-01-31 | GBX638.21 Million ≈ $77.65K |
+9.32% |
| 2000-01-31 | GBX583.78 Million ≈ $71.03K |
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Equity Component Analysis
This analysis shows how different components contribute to The North American Income Trust 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 1516.7% over the analyzed period, indicating profitable operations and earnings retention.
The North American Income Trust plc Net Assets Breakdown (January 2026)
The North American Income Trust plc net assets breakdown by equity component as of January 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX23.12 Million | 5.04% |
| Common Stock | GBX6.35 Million | 1.38% |
| Other Comprehensive Income | GBX377.06 Million | 82.27% |
| Other Components | GBX51.81 Million | 11.30% |
| Total Equity | GBX458.33 Million | 100.00% |
The North American Income Trust plc Competitors by Market Cap
The table below lists competitors of The North American Income Trust plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scorpion Minerals Ltd
AU:SCN
|
$6.14 Million |
|
Longvie SA
BA:LONG
|
$6.14 Million |
|
Labrador Gold Corp
V:LAB
|
$6.15 Million |
|
Paulic Meunerie Sa
PA:ALPAU
|
$6.15 Million |
|
Eo2 Société Anonyme
PA:ALEO2
|
$6.13 Million |
|
VOLT RESOURCES LTD
F:R8L
|
$6.13 Million |
|
Titan Pharmaceuticals Inc
NASDAQ:TTNP
|
$6.13 Million |
|
Golden Deeps Ltd
AU:GED
|
$6.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The North American Income Trust plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 467,835,000 to 458,335,000, a change of -9,500,000 (-2.0%).
- Net income of 34,763,000 contributed positively to equity growth.
- Dividend payments of 14,816,000 reduced retained earnings.
- Share repurchases of 29,447,000 reduced equity.
- Other comprehensive income decreased equity by 9,964,000.
- Other factors increased equity by 9,964,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX34.76 Million | +7.58% |
| Dividends Paid | GBX14.82 Million | -3.23% |
| Share Repurchases | GBX29.45 Million | -6.42% |
| Other Comprehensive Income | GBX-9.96 Million | -2.17% |
| Other Changes | GBX9.96 Million | +2.17% |
| Total Change | GBX- | -2.03% |
Book Value vs Market Value Analysis
This analysis compares The North American Income Trust 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: 113.76x
- 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 511.93x to 113.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-01-31 | GBX0.86 | GBX440.00 | x |
| 2004-01-31 | GBX1.03 | GBX440.00 | x |
| 2005-01-31 | GBX1.04 | GBX440.00 | x |
| 2006-01-31 | GBX1.20 | GBX440.00 | x |
| 2007-01-31 | GBX1.17 | GBX440.00 | x |
| 2008-01-31 | GBX0.65 | GBX440.00 | x |
| 2009-01-31 | GBX0.96 | GBX440.00 | x |
| 2010-01-31 | GBX1.09 | GBX440.00 | x |
| 2011-01-31 | GBX1.29 | GBX440.00 | x |
| 2012-01-31 | GBX1.36 | GBX440.00 | x |
| 2013-01-31 | GBX1.54 | GBX440.00 | x |
| 2014-01-31 | GBX1.67 | GBX440.00 | x |
| 2015-01-31 | GBX1.86 | GBX440.00 | x |
| 2016-01-31 | GBX1.79 | GBX440.00 | x |
| 2017-01-31 | GBX2.62 | GBX440.00 | x |
| 2018-01-31 | GBX2.75 | GBX440.00 | x |
| 2019-01-31 | GBX2.80 | GBX440.00 | x |
| 2020-01-31 | GBX2.91 | GBX440.00 | x |
| 2021-01-31 | GBX2.62 | GBX440.00 | x |
| 2022-01-31 | GBX3.17 | GBX440.00 | x |
| 2023-01-31 | GBX3.37 | GBX440.00 | x |
| 2024-01-31 | GBX3.13 | GBX440.00 | x |
| 2025-01-31 | GBX3.57 | GBX440.00 | x |
| 2026-01-31 | GBX3.87 | GBX440.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The North American Income Trust 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): 7.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 90.91%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.10x
- Recent ROE (7.58%) is below the historical average (7.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 17.09% | 95.86% | 0.18x | 1.01x | GBX32.13 Million |
| 2005 | 1.73% | 51.60% | 0.03x | 1.00x | GBX-35.76 Million |
| 2006 | 14.06% | 95.18% | 0.15x | 1.00x | GBX19.90 Million |
| 2007 | 2.69% | 77.05% | 0.03x | 1.00x | GBX-32.62 Million |
| 2008 | -9.69% | 0.00% | -0.08x | 1.01x | GBX-43.58 Million |
| 2009 | -18.58% | 0.00% | -0.17x | 1.00x | GBX-51.74 Million |
| 2010 | 16.13% | 95.80% | 0.17x | 1.00x | GBX12.51 Million |
| 2011 | 18.29% | 96.80% | 0.19x | 1.00x | GBX18.47 Million |
| 2012 | 4.85% | 87.80% | 0.06x | 1.00x | GBX-11.34 Million |
| 2013 | 10.47% | 93.24% | 0.11x | 1.07x | GBX1.13 Million |
| 2014 | 7.83% | 92.17% | 0.08x | 1.06x | GBX-5.90 Million |
| 2015 | 16.21% | 95.58% | 0.15x | 1.14x | GBX19.20 Million |
| 2016 | 2.05% | 71.54% | 0.02x | 1.16x | GBX-22.31 Million |
| 2017 | 31.82% | 98.07% | 0.29x | 1.13x | GBX82.72 Million |
| 2018 | 6.56% | 90.89% | 0.07x | 1.09x | GBX-13.48 Million |
| 2019 | 4.61% | 86.42% | 0.05x | 1.11x | GBX-21.49 Million |
| 2020 | 5.86% | 89.33% | 0.06x | 1.05x | GBX-17.13 Million |
| 2021 | -6.41% | 0.00% | -0.05x | 1.11x | GBX-61.62 Million |
| 2022 | 20.93% | 97.01% | 0.20x | 1.09x | GBX49.03 Million |
| 2023 | 8.84% | 92.43% | 0.09x | 1.09x | GBX-5.47 Million |
| 2024 | -2.10% | 0.00% | -0.01x | 1.09x | GBX-52.82 Million |
| 2025 | 19.40% | 92.04% | 0.19x | 1.10x | GBX43.96 Million |
| 2026 | 7.58% | 90.91% | 0.08x | 1.10x | GBX-11.07 Million |
Industry Comparison
This section compares The North American Income Trust plc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $779,959,000
- Average return on equity (ROE) among peers: 9.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The North American Income Trust plc (NAIT) | GBX509.74 Million | 17.09% | 0.09x | $6.14 Million |
| 3I Infrastructure PLC (3IN) | $1.05 Billion | 8.61% | 0.19x | $44.33 Million |
| Albion Enterprise VCT PLC (AAEV) | $34.66 Million | 4.31% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $134.84 Million | 12.81% | 0.12x | $4.98 Million |
| Abrdn Asia Focus PLC (AAS) | $441.01 Million | 6.12% | 0.13x | $6.75 Million |
| Albion Technology & General VCT PLC (AATG) | $127.32 Million | 3.41% | 0.01x | $3.06 Million |
| Abrdn PLC (ABDN) | $5.04 Billion | 4.70% | 0.53x | $48.69 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $382.54 Million | 14.91% | 0.21x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $94.28 Million | 0.32% | 0.01x | $217.99K |
| Aquila European Renewables Income PLC (AERI) | $417.44 Million | 6.38% | 0.01x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $80.20 Million | 34.52% | 0.07x | $464.11 |
About The North American Income Trust plc
The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index. It employs activ… Read more