Automotive Properties Real Estate Investment Trust
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT's portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasa… Read more
Automotive Properties Real Estate Investment Trust (APPTF) - Net Assets
Latest net assets as of September 2025: $663.22 Million USD
Based on the latest financial reports, Automotive Properties Real Estate Investment Trust (APPTF) has net assets worth $663.22 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.33 Billion) and total liabilities ($664.43 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 | $663.22 Million |
| % of Total Assets | 49.95% |
| Annual Growth Rate | 14.11% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.05 |
Automotive Properties Real Estate Investment Trust - Net Assets Trend (2020–2024)
This chart illustrates how Automotive Properties Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Automotive Properties Real Estate Investment Trust (2020–2024)
The table below shows the annual net assets of Automotive Properties Real Estate Investment Trust from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $663.40 Million | +22.85% |
| 2023-12-31 | $539.99 Million | +3.66% |
| 2022-12-31 | $520.94 Million | +13.16% |
| 2021-12-31 | $460.37 Million | +17.67% |
| 2020-12-31 | $391.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Automotive Properties Real Estate Investment 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 grown by 16698300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $166.98 Million | 25.17% |
| Other Components | $496.42 Million | 74.83% |
| Total Equity | $663.40 Million | 100.00% |
Automotive Properties Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Automotive Properties Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hengdian Group Tospo Lighting Co Ltd
SHG:603303
|
$198.13 Million |
|
Octave Specialty Group, Inc.
NYSE:OSG
|
$198.13 Million |
|
Suzhou Longway Electronic Machinery Co. Ltd. A
SHE:301202
|
$198.20 Million |
|
RADIANT LOGISTICS DL-001
F:3GT
|
$198.25 Million |
|
Shifeng Cultural Development Co Ltd
SHE:002862
|
$198.09 Million |
|
CSE Global Limited
PINK:CSYJF
|
$198.08 Million |
|
CPH Chemie und Papier Holding
SW:CPHN
|
$198.06 Million |
|
Shanghai Yahong Moulding Co Ltd
SHG:603159
|
$198.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Automotive Properties Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 539,994,000 to 663,402,000, a change of 123,408,000 (22.9%).
- Net income of 72,001,000 contributed positively to equity growth.
- Dividend payments of 39,450,000 reduced retained earnings.
- Other factors increased equity by 90,857,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $72.00 Million | +10.85% |
| Dividends Paid | $39.45 Million | -5.95% |
| Other Changes | $90.86 Million | +13.7% |
| Total Change | $- | 22.85% |
Book Value vs Market Value Analysis
This analysis compares Automotive Properties Real Estate Investment 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: 0.55x
- 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 0.71x to 0.55x 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 | $10.38 | $7.42 | x |
| 2021-12-31 | $11.78 | $7.42 | x |
| 2022-12-31 | $13.11 | $7.42 | x |
| 2023-12-31 | $13.59 | $7.42 | x |
| 2024-12-31 | $13.51 | $7.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Automotive Properties Real Estate Investment 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): 10.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 76.70%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.79x
- Recent ROE (10.85%) is below the historical average (12.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 6.89% | 35.89% | 0.08x | 2.39x | $-12.16 Million |
| 2021 | 18.55% | 109.21% | 0.07x | 2.28x | $39.38 Million |
| 2022 | 16.00% | 100.61% | 0.08x | 2.10x | $31.27 Million |
| 2023 | 9.44% | 55.13% | 0.08x | 2.21x | $-3.01 Million |
| 2024 | 10.85% | 76.70% | 0.08x | 1.79x | $5.66 Million |
Industry Comparison
This section compares Automotive Properties Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $2,664,418,041
- Average return on equity (ROE) among peers: 26.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Automotive Properties Real Estate Investment Trust (APPTF) | $663.22 Million | 6.89% | 1.00x | $198.09 Million |
| American Tower Corp (AMT) | $3.68 Billion | 17.30% | 2.82x | $86.22 Billion |
| Crown Castle (CCI) | $11.57 Billion | 5.38% | 1.83x | $36.18 Billion |
| DIGITAL CORE REIT (DGTCF) | $1.28 Billion | 16.05% | 0.57x | $460.68 Million |
| Digital Realty Trust Inc (DLR) | $1.56 Billion | 4.33% | 1.10x | $55.29 Billion |
| EPR Properties (EPR) | $1.47 Billion | 0.55% | 0.83x | $4.20 Billion |
| Equinix Inc (EQIX) | $2.75 Billion | 6.84% | 2.77x | $92.84 Billion |
| Charter Hall Social Infrastructure REIT (FKKEF) | $1.43 Billion | 4.96% | 0.49x | $693.51 Million |
| Farmland Partners Inc (FPI) | $333.37K | 175.89% | 109.73x | $467.19 Million |
| Gaming & Leisure Properties (GLPI) | $236.33 Million | 9.70% | 0.13x | $12.86 Billion |