Altarea SCA
Altarea is the French leader in low-carbon urban transformation, with the most comprehensive real estate offering to serve the city and its users. In each of its activities, the Group has all the expertise and recognised brands needed to design, develop, market and manage tailor-made real estate products. Altarea is listed in compartment A of Euronext Paris.
Altarea SCA (ATRRF) - Net Assets
Latest net assets as of December 2024: $3.16 Billion USD
Based on the latest financial reports, Altarea SCA (ATRRF) has net assets worth $3.16 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.40 Billion) and total liabilities ($5.24 Billion). 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 | $3.16 Billion |
| % of Total Assets | 37.65% |
| Annual Growth Rate | 30.38% |
| 5-Year Change | 215.69% |
| 10-Year Change | 734.98% |
| Growth Volatility | 125.96 |
Altarea SCA - Net Assets Trend (2004–2024)
This chart illustrates how Altarea SCA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Altarea SCA (2004–2024)
The table below shows the annual net assets of Altarea SCA from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.16 Billion | +291.88% |
| 2023-12-31 | $807.10 Million | -29.51% |
| 2022-12-31 | $1.15 Billion | +6.09% |
| 2021-12-31 | $1.08 Billion | +7.73% |
| 2020-12-31 | $1.00 Billion | +9.13% |
| 2019-12-31 | $918.10 Million | +9.52% |
| 2018-12-31 | $838.30 Million | +66.89% |
| 2017-12-31 | $502.30 Million | +20.89% |
| 2016-12-31 | $415.50 Million | +9.69% |
| 2015-12-31 | $378.80 Million | -0.37% |
| 2014-12-31 | $380.20 Million | +26.90% |
| 2013-12-31 | $299.60 Million | +6.28% |
| 2012-12-31 | $281.90 Million | -5.18% |
| 2011-12-31 | $297.30 Million | +52.26% |
| 2010-12-31 | $195.25 Million | +0.81% |
| 2009-12-31 | $193.68 Million | +46.67% |
| 2008-12-31 | $132.06 Million | +278.84% |
| 2007-12-31 | $-73.84 Million | -451.75% |
| 2006-12-31 | $20.99 Million | +3.52% |
| 2005-12-31 | $20.28 Million | +29.12% |
| 2004-12-31 | $15.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altarea SCA'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 20.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.10 Million | 0.36% |
| Common Stock | $334.60 Million | 19.75% |
| Other Components | $1.35 Billion | 79.89% |
| Total Equity | $1.69 Billion | 100.00% |
Altarea SCA Competitors by Market Cap
The table below lists competitors of Altarea SCA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chengdu Huaqi Houpu Holding Co Ltd
SHE:300471
|
$599.98 Million |
|
Jiangxi Firstar Panel Technology Co Ltd
SHE:300256
|
$600.09 Million |
|
New York Mortgage Trust Inc
NASDAQ:NYMT
|
$600.27 Million |
|
LT Foods Limited
NSE:LTFOODS
|
$600.32 Million |
|
Suzhou Anjie Technology Co Ltd
SHE:002635
|
$599.23 Million |
|
Fundamenta Real Estate AG
SW:FREN
|
$599.18 Million |
|
NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B
NYSE:NEWTP
|
$599.17 Million |
|
Italmobiliare S.p.A.
LSE:0RP4
|
$599.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altarea SCA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 776,500,000 to 1,694,300,000, a change of 917,800,000 (118.2%).
- Net income of 6,100,000 contributed positively to equity growth.
- Dividend payments of 168,900,000 reduced retained earnings.
- Share repurchases of 1,000,000 reduced equity.
- New share issuances of 92,000,000 increased equity.
- Other comprehensive income decreased equity by 1,498,100,000.
- Other factors increased equity by 2,487,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.10 Million | +0.36% |
| Dividends Paid | $168.90 Million | -9.97% |
| Share Repurchases | $1.00 Million | -0.06% |
| Share Issuances | $92.00 Million | +5.43% |
| Other Comprehensive Income | $-1.50 Billion | -88.42% |
| Other Changes | $2.49 Billion | +146.83% |
| Total Change | $- | 118.20% |
Book Value vs Market Value Analysis
This analysis compares Altarea SCA'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: 1.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.73x to 1.24x 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 | $14.31 | $96.25 | x |
| 2005-12-31 | $18.49 | $96.25 | x |
| 2006-12-31 | $19.14 | $96.25 | x |
| 2007-12-31 | $-68.94 | $96.25 | x |
| 2008-12-31 | $117.62 | $96.25 | x |
| 2009-12-31 | $137.44 | $96.25 | x |
| 2010-12-31 | $111.07 | $96.25 | x |
| 2011-12-31 | $126.57 | $96.25 | x |
| 2012-12-31 | $152.12 | $96.25 | x |
| 2013-12-31 | $163.65 | $96.25 | x |
| 2014-12-31 | $210.10 | $96.25 | x |
| 2015-12-31 | $207.70 | $96.25 | x |
| 2016-12-31 | $232.86 | $96.25 | x |
| 2017-12-31 | $278.98 | $96.25 | x |
| 2018-12-31 | $459.20 | $96.25 | x |
| 2019-12-31 | $503.86 | $96.25 | x |
| 2020-12-31 | $543.24 | $96.25 | x |
| 2021-12-31 | $586.87 | $96.25 | x |
| 2022-12-31 | $629.14 | $96.25 | x |
| 2023-12-31 | $444.13 | $96.25 | x |
| 2024-12-31 | $77.75 | $96.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altarea SCA 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): 0.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.23%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 4.96x
- Recent ROE (0.36%) is above the historical average (-8.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.59% | 1.77% | 2.02x | 1.56x | $-691.30K |
| 2005 | 7.23% | 2.87% | 1.67x | 1.51x | $-561.27K |
| 2006 | 6.05% | 2.50% | 1.61x | 1.50x | $-828.90K |
| 2007 | 0.00% | -28.53% | 0.26x | 0.00x | $-86.24 Million |
| 2008 | -297.60% | -49.24% | 0.65x | 9.31x | $-396.43 Million |
| 2009 | -7.10% | -1.95% | 0.63x | 5.83x | $-32.73 Million |
| 2010 | 2.06% | 0.62% | 0.47x | 7.19x | $-15.43 Million |
| 2011 | 19.14% | 4.62% | 0.58x | 7.19x | $20.25 Million |
| 2012 | 19.13% | 4.79% | 0.65x | 6.12x | $24.29 Million |
| 2013 | 7.10% | 2.05% | 0.65x | 5.32x | $-8.31 Million |
| 2014 | 21.94% | 9.03% | 0.54x | 4.54x | $43.87 Million |
| 2015 | 17.74% | 5.94% | 0.59x | 5.04x | $28.09 Million |
| 2016 | 9.70% | 2.68% | 0.65x | 5.53x | $-1.21 Million |
| 2017 | 16.30% | 4.22% | 0.64x | 6.06x | $30.72 Million |
| 2018 | 33.98% | 11.60% | 0.77x | 3.78x | $192.51 Million |
| 2019 | 9.19% | 2.81% | 0.78x | 4.18x | $-7.10 Million |
| 2020 | 7.31% | 2.44% | 0.68x | 4.43x | $-25.58 Million |
| 2021 | 7.04% | 2.57% | 0.63x | 4.37x | $-30.41 Million |
| 2022 | 6.76% | 2.73% | 0.64x | 3.89x | $-35.60 Million |
| 2023 | -60.90% | -17.84% | 0.71x | 4.83x | $-550.55 Million |
| 2024 | 0.36% | 0.23% | 0.32x | 4.96x | $-163.33 Million |
Industry Comparison
This section compares Altarea SCA's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,651,945,111
- Average return on equity (ROE) among peers: 6.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altarea SCA (ATRRF) | $3.16 Billion | 5.59% | 1.66x | $599.60 Million |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |