ECWDF
Listed on 28 July 2016, EC World REIT is the first Chinese specialised logistics and e-commerce logistics REIT listed on Singapore Exchange Securities Trading Limited ("SGX-ST"). With its portfolio of seven quality properties located predominantly in one of the largest e-commerce clusters in the Yangtze River Delta, EC World REIT offers investors unique exposure to the logistics and e-commerce se… Read more
ECWDF (ECWDF) - Net Assets
Latest net assets as of September 2025: $-78.11 Million USD
Based on the latest financial reports, ECWDF (ECWDF) has net assets worth $-78.11 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 ($692.05 Million) and total liabilities ($770.16 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 | $-78.11 Million |
| % of Total Assets | -11.29% |
| Annual Growth Rate | -53.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 35.75 |
ECWDF - Net Assets Trend (2020–2024)
This chart illustrates how ECWDF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ECWDF (2020–2024)
The table below shows the annual net assets of ECWDF from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $32.06 Million | -66.20% |
| 2023-12-31 | $94.86 Million | -84.37% |
| 2022-12-31 | $606.99 Million | -19.26% |
| 2021-12-31 | $751.75 Million | +5.07% |
| 2020-12-31 | $715.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ECWDF'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $32.06 Million | 100.00% |
| Total Equity | $32.06 Million | 100.00% |
ECWDF Competitors by Market Cap
The table below lists competitors of ECWDF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JERONIMO MARTINS (JEM.SG)
STU:JEM
|
$219.00K |
|
Lovitt Resources Inc
OTCGREY:LRCFF
|
$219.03K |
|
Brookfield Infrastructure Finance ULC
NYSE:BIPJ
|
$219.11K |
|
Alpha Group International plc
LSE:ALPH
|
$219.22K |
|
Sydinv Megatrends A DKK Akk
CO:SYIMEGADKKAKK
|
$218.91K |
|
Stonehenge Globale Valueaktier KL
CO:SHIGVAKL
|
$218.81K |
|
SCCG
NYSE MKT:SCCG
|
$218.18K |
|
S IMMO (T1L.SG)
STU:T1L
|
$218.12K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ECWDF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 94,861,000 to 32,063,000, a change of -62,798,000 (-66.2%).
- Net loss of 64,861,000 reduced equity.
- Other factors increased equity by 2,063,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-64.86 Million | -202.29% |
| Other Changes | $2.06 Million | +6.43% |
| Total Change | $- | -66.20% |
Book Value vs Market Value Analysis
This analysis compares ECWDF'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: 0.03x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.89 | $0.00 | x |
| 2021-12-31 | $0.93 | $0.00 | x |
| 2022-12-31 | $0.75 | $0.00 | x |
| 2023-12-31 | $0.12 | $0.00 | x |
| 2024-12-31 | $0.04 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ECWDF 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): -202.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -70.45%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 27.67x
- Recent ROE (-202.29%) is below the historical average (-133.77%), 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 | 2.15% | 14.08% | 0.06x | 2.54x | $-56.13 Million |
| 2021 | 3.26% | 19.55% | 0.07x | 2.52x | $-50.69 Million |
| 2022 | 1.67% | 8.34% | 0.07x | 2.75x | $-50.59 Million |
| 2023 | -473.61% | -417.35% | 0.11x | 10.60x | $-458.76 Million |
| 2024 | -202.29% | -70.45% | 0.10x | 27.67x | $-68.07 Million |
Industry Comparison
This section compares ECWDF's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $9,223,705,800
- Average return on equity (ROE) among peers: 6.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ECWDF (ECWDF) | $-78.11 Million | 2.15% | N/A | $218.98K |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.27 Billion | 7.41% | 0.74x | $9.40 Billion |
| BWP Trust (BUNNF) | $986.32 Million | 8.26% | 0.26x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $58.39 Million | 1.11% | 1.38x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $36.60 Billion | 18.57% | 0.50x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.63 Billion | -14.26% | 0.87x | $119.59 Million |
| Americold Realty Trust (COLD) | $1.83 Billion | 2.63% | 1.28x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.74 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $589.00 Million | 0.00% | 1.00x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $989.33 Million | 15.92% | 1.18x | $2.10 Billion |