Trivium Real Estate Socimi SA
Trivium Real Estate SOCIMI, S.A. engages in the management and lease of commercial properties in Spain. It engages in the operation and rental activities of premises located in the shopping centers of Gran Casa, Max Center, and Valle Real. The company was incorporated in 2018 and is based in Madrid, Spain.
Trivium Real Estate Socimi SA (YTRI) - Net Assets
Latest net assets as of December 2024: €192.61 Million EUR
Based on the latest financial reports, Trivium Real Estate Socimi SA (YTRI) has net assets worth €192.61 Million EUR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€462.59 Million) and total liabilities (€269.98 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 | €192.61 Million |
| % of Total Assets | 41.64% |
| Annual Growth Rate | -4.51% |
| 5-Year Change | -9.46% |
| 10-Year Change | N/A |
| Growth Volatility | 4.05 |
Trivium Real Estate Socimi SA - Net Assets Trend (2019–2024)
This chart illustrates how Trivium Real Estate Socimi SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trivium Real Estate Socimi SA (2019–2024)
The table below shows the annual net assets of Trivium Real Estate Socimi SA from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €192.61 Million | -4.07% |
| 2023-12-31 | €200.77 Million | -2.38% |
| 2022-12-31 | €205.66 Million | -1.43% |
| 2021-12-31 | €208.65 Million | -1.92% |
| 2020-12-31 | €212.74 Million | -12.32% |
| 2019-12-31 | €242.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trivium Real Estate Socimi SA'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 312.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €196.95 Million | 102.17% |
| Total Equity | €192.76 Million | 100.00% |
Trivium Real Estate Socimi SA Competitors by Market Cap
The table below lists competitors of Trivium Real Estate Socimi SA ranked by their market capitalization.
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trivium Real Estate Socimi SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 200,923,142 to 192,759,374, a change of -8,163,768 (-4.1%).
- Net income of 9,486,069 contributed positively to equity growth.
- Dividend payments of 10,082,020 reduced retained earnings.
- Share repurchases of 5,341,939 reduced equity.
- Other factors decreased equity by 2,225,878.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €9.49 Million | +4.92% |
| Dividends Paid | €10.08 Million | -5.23% |
| Share Repurchases | €5.34 Million | -2.77% |
| Other Changes | €-2.23 Million | -1.15% |
| Total Change | €- | -4.06% |
Book Value vs Market Value Analysis
This analysis compares Trivium Real Estate Socimi SA'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: 1.06x
- 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 0.83x to 1.06x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €48.56 | €40.40 | x |
| 2020-12-31 | €42.12 | €40.40 | x |
| 2021-12-31 | €41.31 | €40.40 | x |
| 2022-12-31 | €40.80 | €40.40 | x |
| 2023-12-31 | €39.88 | €40.40 | x |
| 2024-12-31 | €38.26 | €40.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trivium Real Estate Socimi SA 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): 4.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.87%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.40x
- Recent ROE (4.92%) is above the historical average (1.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.94% | 6.25% | 0.08x | 1.96x | €-22.00 Million |
| 2020 | -10.59% | -76.17% | 0.07x | 2.13x | €-43.80 Million |
| 2021 | 4.32% | 28.65% | 0.07x | 2.23x | €-11.85 Million |
| 2022 | 3.10% | 17.83% | 0.08x | 2.31x | €-14.20 Million |
| 2023 | 6.06% | 31.46% | 0.08x | 2.34x | €-7.92 Million |
| 2024 | 4.92% | 23.87% | 0.09x | 2.40x | €-9.79 Million |
Industry Comparison
This section compares Trivium Real Estate Socimi SA's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $226,707,784
- Average return on equity (ROE) among peers: -0.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trivium Real Estate Socimi SA (YTRI) | €192.61 Million | 0.94% | 1.40x | $250.85K |
| General de Galerias Comerciales SOCIMI S.A. (GGC) | $663.58 Million | 0.00% | 0.21x | $1.53 Million |
| Castellana Properties Socimi (YCPS) | $498.17 Million | -6.39% | 1.08x | $16.54 Million |
| Emperador Properties SOCIMI S.A. (YEPSA) | $72.21 Million | -0.04% | 0.00x | $75.99K |
| Olimpo Real Estate SA (YORE) | $162.49 Million | 3.04% | 1.06x | $10.02K |
| Serrano 61 Desarrollo SOCIMI SA (YSRR) | $52.04 Million | -4.51% | 0.74x | $44.29 Million |
| Tander Inversiones SOCIMI SA (YTAN) | $66.76 Million | 1.65% | 1.67x | $12.20 Million |
| Trajano Iberia Socimi SA (YTRA) | $71.71 Million | 2.82% | 1.19x | $2.63 Million |