DWS Municipal Income Trust (KTF) - Net Assets
Based on the latest financial reports, DWS Municipal Income Trust (KTF) has net assets worth $369.71 Million USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($575.69 Million) and total liabilities ($205.98 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. Check DWS Municipal Income Trust PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $369.71 Million |
| % of Total Assets | 64.22% |
| Annual Growth Rate | -3.58% |
| 5-Year Change | -26.29% |
| 10-Year Change | -24.77% |
| Growth Volatility | 7.55 |
DWS Municipal Income Trust - Net Assets Trend (2006–2025)
This chart illustrates how DWS Municipal Income Trust's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see KTF company net worth.
Annual Net Assets for DWS Municipal Income Trust (2006–2025)
The table below shows the annual net assets of DWS Municipal Income Trust from 2006 to 2025. Also explore KTF year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $369.71 Million | -8.65% |
| 2024-11-30 | $404.70 Million | +2.76% |
| 2023-11-30 | $393.84 Million | +0.08% |
| 2022-11-30 | $393.55 Million | -21.54% |
| 2021-11-30 | $501.57 Million | +0.15% |
| 2020-11-30 | $500.84 Million | +0.77% |
| 2019-11-30 | $497.00 Million | +6.82% |
| 2018-11-30 | $465.26 Million | -5.78% |
| 2017-11-30 | $493.82 Million | +0.48% |
| 2016-11-30 | $491.47 Million | -6.96% |
| 2015-11-30 | $528.24 Million | -4.56% |
| 2014-11-30 | $553.48 Million | +8.84% |
| 2013-11-30 | $508.52 Million | -13.48% |
| 2012-11-30 | $587.78 Million | -8.73% |
| 2008-11-30 | $643.98 Million | -11.09% |
| 2007-11-30 | $724.33 Million | -2.03% |
| 2006-11-30 | $739.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DWS Municipal Income Trust'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 175.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $404.48 Million | 109.41% |
| Total Equity | $369.71 Million | 100.00% |
DWS Municipal Income Trust Competitors by Market Cap
The table below lists competitors of DWS Municipal Income Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Re Max Holding
NYSE:RMAX
|
$330.85 Million |
|
Pollard Banknote Limited
TO:PBL
|
$330.91 Million |
|
Alvarium Tiedemann Holdings Inc.
NASDAQ:ALTI
|
$330.96 Million |
|
Fastighets AB Trianon (publ)
ST:TRIAN-B
|
$330.97 Million |
|
Hyundai Motor Securities Co. Ltd.
KO:001500
|
$330.62 Million |
|
Chengdu Shengbang Seals Co.Ltd.
SHE:301233
|
$330.59 Million |
|
Electrovaya Inc.
TO:ELVA
|
$330.44 Million |
|
Timbercreek Financial Corp
TO:TF
|
$330.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DWS Municipal Income Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 404,700,689 to 369,710,015, a change of -34,990,674 (-8.6%).
- Net loss of 5,704,925 reduced equity.
- Dividend payments of 29,343,939 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.70 Million | -1.54% |
| Dividends Paid | $29.34 Million | -7.94% |
| Other Changes | $58.19K | +0.02% |
| Total Change | $- | -8.65% |
Book Value vs Market Value Analysis
This analysis compares DWS Municipal Income Trust'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: 0.93x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.56x to 0.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-11-30 | $14.99 | $8.44 | x |
| 2013-11-30 | $12.95 | $8.44 | x |
| 2014-11-30 | $14.09 | $8.44 | x |
| 2015-11-30 | $13.44 | $8.44 | x |
| 2016-11-30 | $12.47 | $8.44 | x |
| 2017-11-30 | $12.65 | $8.44 | x |
| 2018-11-30 | $11.29 | $8.44 | x |
| 2019-11-30 | $12.56 | $8.44 | x |
| 2020-11-30 | $12.71 | $8.44 | x |
| 2021-11-30 | $12.59 | $8.44 | x |
| 2022-11-30 | $9.87 | $8.44 | x |
| 2023-11-30 | $9.92 | $8.44 | x |
| 2024-11-30 | $10.42 | $8.44 | x |
| 2025-11-30 | $9.07 | $8.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DWS Municipal Income Trust 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): -1.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -200.53%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.56x
- Recent ROE (-1.54%) is below the historical average (2.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 4.71% | 85.24% | 0.06x | 1.00x | $-39.12 Million |
| 2007 | 2.46% | 44.87% | 0.05x | 1.10x | $-54.62 Million |
| 2008 | -7.48% | -108.51% | 0.05x | 1.29x | $-112.60 Million |
| 2012 | 18.90% | 270.82% | 0.05x | 1.54x | $52.28 Million |
| 2013 | -9.18% | -115.28% | 0.05x | 1.62x | $-97.53 Million |
| 2014 | 14.14% | 193.71% | 0.05x | 1.56x | $22.91 Million |
| 2015 | 3.39% | 45.06% | 0.05x | 1.59x | $-34.94 Million |
| 2016 | -1.02% | -13.21% | 0.05x | 1.68x | $-54.17 Million |
| 2017 | 6.48% | 98.71% | 0.04x | 1.57x | $-17.38 Million |
| 2018 | -0.89% | 0.00% | -0.01x | 1.56x | $-50.65 Million |
| 2019 | 10.75% | 99.28% | 0.07x | 1.52x | $3.71 Million |
| 2020 | 4.64% | 101.44% | 0.03x | 1.50x | $-26.84 Million |
| 2021 | 4.37% | 98.62% | 0.03x | 1.50x | $-28.24 Million |
| 2022 | -23.21% | 0.00% | -0.14x | 1.64x | $-130.71 Million |
| 2023 | 3.93% | 97.93% | 0.03x | 1.54x | $-23.91 Million |
| 2024 | 8.54% | 127.46% | 0.04x | 1.52x | $-5.89 Million |
| 2025 | -1.54% | -200.53% | 0.00x | 1.56x | $-42.68 Million |
Industry Comparison
This section compares DWS Municipal Income Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $551,643,441
- Average return on equity (ROE) among peers: -41.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DWS Municipal Income Trust (KTF) | $369.71 Million | 4.71% | 0.56x | $330.62 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.55 Billion | 15.37% | 0.00x | $3.30 Billion |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $175.57 Million | -11.78% | 0.57x | $77.32 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.85 Million | -51.03% | 0.55x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $330.96 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.40 Billion |
About DWS Municipal Income Trust
Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax. It seeks to invest in securities that are rated Baa or BBB or better by … Read more