EREUF
ERES is an unincorporated, open-ended real estate investment trust. ERES's REIT Units are listed on the TSX under the symbol ERE.UN. ERES is Canada's only European-focused multi-residential REIT, with a current portfolio of high-quality, multi-residential real estate properties in the Netherlands. As at September 30, 2025, ERES owned 1,033 residential suites and ancillary retail space located in … Read more
EREUF (EREUF) - Net Assets
Latest net assets as of December 2025: $104.22 Million USD
Based on the latest financial reports, EREUF (EREUF) has net assets worth $104.22 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($329.10 Million) and total liabilities ($224.87 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 | $104.22 Million |
| % of Total Assets | 31.67% |
| Annual Growth Rate | -13.21% |
| 5-Year Change | -76.41% |
| 10-Year Change | N/A |
| Growth Volatility | 38.2 |
EREUF - Net Assets Trend (2019–2025)
This chart illustrates how EREUF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for EREUF (2019–2025)
The table below shows the annual net assets of EREUF from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $104.22 Million | -60.07% |
| 2024-09-30 | $261.02 Million | -38.91% |
| 2023-09-30 | $427.25 Million | -22.34% |
| 2022-09-30 | $550.15 Million | +24.53% |
| 2021-09-30 | $441.76 Million | +24.89% |
| 2020-09-30 | $353.72 Million | +45.06% |
| 2019-09-30 | $243.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to EREUF'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 14925200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $259.29 Million | 248.78% |
| Total Equity | $104.22 Million | 100.00% |
EREUF Competitors by Market Cap
The table below lists competitors of EREUF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SAB Biotherapeutics Inc
NASDAQ:SABS
|
$77.80 Million |
|
TBS Energi Utama Tbk PT
JK:TOBA
|
$77.82 Million |
|
Helius Minerals Limited
V:HHH
|
$77.82 Million |
|
Cystech Electronics Corp
TWO:6651
|
$77.84 Million |
|
HI Mobility Berhad
KLSE:5335
|
$77.74 Million |
|
Axactor SE
OL:ACR
|
$77.73 Million |
|
5QQ
F:5QQ
|
$77.72 Million |
|
Welldone Co
TWO:6170
|
$77.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EREUF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 261,024,000 to 104,224,000, a change of -156,800,000 (-60.1%).
- Net loss of 70,509,000 reduced equity.
- Dividend payments of 88,366,000 reduced retained earnings.
- Share repurchases of 22,000 reduced equity.
- Other factors increased equity by 2,097,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-70.51 Million | -67.65% |
| Dividends Paid | $88.37 Million | -84.78% |
| Share Repurchases | $22.00K | -0.02% |
| Other Changes | $2.10 Million | +2.01% |
| Total Change | $- | -60.07% |
Book Value vs Market Value Analysis
This analysis compares EREUF'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: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.64x to 1.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-09-30 | $2.75 | $1.75 | x |
| 2020-09-30 | $3.99 | $1.75 | x |
| 2021-09-30 | $4.95 | $1.75 | x |
| 2022-09-30 | $6.09 | $1.75 | x |
| 2023-09-30 | $4.67 | $1.75 | x |
| 2024-09-30 | $2.83 | $1.75 | x |
| 2025-09-30 | $1.12 | $1.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EREUF 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): -67.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -183.52%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 3.16x
- Recent ROE (-67.65%) is below the historical average (0.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 43.15% | 198.13% | 0.04x | 5.69x | $80.83 Million |
| 2020 | 33.55% | 169.80% | 0.05x | 4.24x | $83.29 Million |
| 2021 | 21.76% | 125.06% | 0.04x | 4.27x | $51.96 Million |
| 2022 | 21.16% | 130.44% | 0.05x | 3.52x | $61.40 Million |
| 2023 | -26.74% | -119.38% | 0.06x | 4.03x | $-156.95 Million |
| 2024 | -24.63% | -69.15% | 0.11x | 3.32x | $-90.39 Million |
| 2025 | -67.65% | -183.52% | 0.12x | 3.16x | $-80.93 Million |
Industry Comparison
This section compares EREUF's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EREUF (EREUF) | $104.22 Million | 43.15% | 2.16x | $77.74 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 |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| 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 |