Selectirente
Selectirente is a public real estate fund managed by Sofidy. It invests in city center and suburb commercial properties, which should be located close to shopping malls. It primarily acquires properties in France. As of March 29, 2019, Selectirente operates as a subsidiary of Tikehau Capital.
Selectirente (SELER) - Net Assets
Latest net assets as of June 2025: €371.38 Million EUR
Based on the latest financial reports, Selectirente (SELER) has net assets worth €371.38 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€599.46 Million) and total liabilities (€228.08 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 | €371.38 Million |
| % of Total Assets | 61.95% |
| Annual Growth Rate | 15.78% |
| 5-Year Change | 24.17% |
| 10-Year Change | 425.13% |
| Growth Volatility | 70.22 |
Selectirente - Net Assets Trend (2004–2024)
This chart illustrates how Selectirente's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Selectirente (2004–2024)
The table below shows the annual net assets of Selectirente from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €373.41 Million | +1.55% |
| 2023-12-31 | €367.71 Million | +20.65% |
| 2022-12-31 | €304.77 Million | -0.89% |
| 2021-12-31 | €307.52 Million | +2.25% |
| 2020-12-31 | €300.74 Million | -1.21% |
| 2019-12-31 | €304.42 Million | +316.48% |
| 2018-12-31 | €73.09 Million | -3.18% |
| 2017-12-31 | €75.49 Million | +6.98% |
| 2016-12-31 | €70.57 Million | -0.76% |
| 2015-12-31 | €71.11 Million | +1.26% |
| 2014-12-31 | €70.23 Million | +0.86% |
| 2013-12-31 | €69.63 Million | +1.21% |
| 2012-12-31 | €68.80 Million | +1.49% |
| 2011-12-31 | €67.79 Million | +1.64% |
| 2010-12-31 | €66.70 Million | +2.58% |
| 2009-12-31 | €65.02 Million | +0.70% |
| 2008-12-31 | €64.57 Million | +0.14% |
| 2007-12-31 | €64.47 Million | +94.38% |
| 2006-12-31 | €33.17 Million | +33.90% |
| 2005-12-31 | €24.77 Million | +24.25% |
| 2004-12-31 | €19.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Selectirente'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 2172.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €28.60 Million | 7.66% |
| Common Stock | €66.77 Million | 17.88% |
| Other Comprehensive Income | €75.34 Million | 20.18% |
| Other Components | €202.71 Million | 54.29% |
| Total Equity | €373.41 Million | 100.00% |
Selectirente Competitors by Market Cap
The table below lists competitors of Selectirente ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shinsegae I&C
KO:035510
|
$108.26 Million |
|
Chengdu Lihang Technology Co.Ltd.
SHG:603261
|
$108.31 Million |
|
V Zug Holding Ag
SW:VZUG
|
$108.32 Million |
|
Doubleview Gold Corp
OTCQB:DBLVF
|
$108.33 Million |
|
Micro Contact Solution Co. Ltd
KQ:098120
|
$108.17 Million |
|
Tegma Gestão Logística S.A
SA:TGMA3
|
$108.15 Million |
|
Nippon Coke & Engineering Company Limited
F:NJ2
|
$108.11 Million |
|
Jaya Tiasa Holdings Bhd
KLSE:4383
|
$108.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Selectirente's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 367,711,000 to 373,414,000, a change of 5,703,000 (1.6%).
- Net income of 28,598,000 contributed positively to equity growth.
- Dividend payments of 18,323,000 reduced retained earnings.
- Share repurchases of 220,000 reduced equity.
- Other comprehensive income decreased equity by 9,694,000.
- Other factors increased equity by 5,342,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €28.60 Million | +7.66% |
| Dividends Paid | €18.32 Million | -4.91% |
| Share Repurchases | €220.00K | -0.06% |
| Other Comprehensive Income | €-9.69 Million | -2.6% |
| Other Changes | €5.34 Million | +1.43% |
| Total Change | €- | 1.55% |
Book Value vs Market Value Analysis
This analysis compares Selectirente'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: 0.90x
- 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 decreased from 5.97x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €13.57 | €81.00 | x |
| 2005-12-31 | €16.86 | €81.00 | x |
| 2006-12-31 | €22.57 | €81.00 | x |
| 2007-12-31 | €43.88 | €81.00 | x |
| 2008-12-31 | €43.94 | €81.00 | x |
| 2009-12-31 | €44.25 | €81.00 | x |
| 2010-12-31 | €45.52 | €81.00 | x |
| 2011-12-31 | €46.24 | €81.00 | x |
| 2012-12-31 | €46.93 | €81.00 | x |
| 2013-12-31 | €47.28 | €81.00 | x |
| 2014-12-31 | €41.59 | €81.00 | x |
| 2015-12-31 | €42.52 | €81.00 | x |
| 2016-12-31 | €42.19 | €81.00 | x |
| 2017-12-31 | €45.14 | €81.00 | x |
| 2018-12-31 | €43.76 | €81.00 | x |
| 2019-12-31 | €173.05 | €81.00 | x |
| 2020-12-31 | €72.15 | €81.00 | x |
| 2021-12-31 | €88.15 | €81.00 | x |
| 2022-12-31 | €90.90 | €81.00 | x |
| 2023-12-31 | €88.20 | €81.00 | x |
| 2024-12-31 | €89.67 | €81.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Selectirente 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): 7.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 80.33%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.60x
- Recent ROE (7.66%) is above the historical average (5.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.16% | 19.29% | 0.11x | 2.34x | €-965.17K |
| 2005 | 15.31% | 38.20% | 0.16x | 2.49x | €1.32 Million |
| 2006 | 5.93% | 23.99% | 0.10x | 2.56x | €-1.35 Million |
| 2007 | 3.73% | 22.95% | 0.08x | 1.98x | €-4.04 Million |
| 2008 | 2.81% | 16.03% | 0.09x | 2.04x | €-4.64 Million |
| 2009 | 3.84% | 19.69% | 0.09x | 2.09x | €-4.00 Million |
| 2010 | 6.24% | 32.11% | 0.09x | 2.11x | €-2.51 Million |
| 2011 | 5.61% | 27.13% | 0.09x | 2.19x | €-2.98 Million |
| 2012 | 5.93% | 30.07% | 0.09x | 2.19x | €-2.80 Million |
| 2013 | 5.92% | 30.09% | 0.08x | 2.39x | €-2.84 Million |
| 2014 | 6.27% | 29.74% | 0.08x | 2.59x | €-2.62 Million |
| 2015 | 6.88% | 31.83% | 0.08x | 2.64x | €-2.22 Million |
| 2016 | 5.04% | 21.98% | 0.09x | 2.58x | €-3.50 Million |
| 2017 | 7.91% | 38.67% | 0.08x | 2.41x | €-1.58 Million |
| 2018 | 5.73% | 27.77% | 0.08x | 2.52x | €-3.12 Million |
| 2019 | 2.88% | 52.89% | 0.04x | 1.47x | €-21.67 Million |
| 2020 | 3.63% | 52.91% | 0.05x | 1.52x | €-19.17 Million |
| 2021 | 5.73% | 79.58% | 0.05x | 1.32x | €-15.68 Million |
| 2022 | 3.54% | 39.32% | 0.06x | 1.53x | €-24.50 Million |
| 2023 | 3.59% | 36.28% | 0.06x | 1.65x | €-23.58 Million |
| 2024 | 7.66% | 80.33% | 0.06x | 1.60x | €-8.74 Million |
Industry Comparison
This section compares Selectirente's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $903,190,368
- Average return on equity (ROE) among peers: 6.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Selectirente (SELER) | €371.38 Million | 5.16% | 0.61x | $108.18 Million |
| Carmila SA (CARM) | $3.27 Billion | -6.08% | 0.97x | $1.54 Billion |
| Frey SA (FREY) | $13.66 Million | 10.45% | 1.50x | $313.62 Million |
| Mercialys SA (MERY) | $895.12 Million | 9.59% | 2.04x | $1.05 Billion |
| M.R.M. SA (MRM) | $21.30 Million | 11.77% | 13.17x | $31.86 Million |
| Patrimoine et Commerce SA (PAT) | $317.40 Million | 8.39% | 1.20x | $135.14 Million |