Irish Residential Properties REIT Plc
Irish Residential Properties REIT plc is a Real Estate Investment Trust providing quality professionally managed homes in sustainable communities in Ireland. IRES aims to be the provider of choice for the Irish living sector, known for excellent service and for operating responsibly, minimising its environmental impact, and maximising its contribution to the community.
Irish Residential Properties REIT Plc (RSHPF) - Net Assets
Latest net assets as of June 2025: $665.36 Million USD
Based on the latest financial reports, Irish Residential Properties REIT Plc (RSHPF) has net assets worth $665.36 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.25 Billion) and total liabilities ($589.47 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 | $665.36 Million |
| % of Total Assets | 53.02% |
| Annual Growth Rate | 77.53% |
| 5-Year Change | -20.62% |
| 10-Year Change | 53.59% |
| Growth Volatility | 4740.08 |
Irish Residential Properties REIT Plc - Net Assets Trend (2013–2024)
This chart illustrates how Irish Residential Properties REIT Plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Irish Residential Properties REIT Plc (2013–2024)
The table below shows the annual net assets of Irish Residential Properties REIT Plc from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $668.15 Million | -4.18% |
| 2023-12-31 | $697.33 Million | -17.70% |
| 2022-12-31 | $847.35 Million | -3.87% |
| 2021-12-31 | $881.44 Million | +4.72% |
| 2020-12-31 | $841.70 Million | +3.89% |
| 2019-12-31 | $810.17 Million | +30.94% |
| 2018-12-31 | $618.72 Million | +22.77% |
| 2017-12-31 | $503.98 Million | +7.32% |
| 2016-12-31 | $469.60 Million | +7.95% |
| 2015-12-31 | $435.02 Million | +116.52% |
| 2014-12-31 | $200.92 Million | +16504.79% |
| 2013-12-31 | $1.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Irish Residential Properties REIT Plc'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 13903.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $111.88 Million | 16.75% |
| Common Stock | $52.96 Million | 7.93% |
| Other Comprehensive Income | $-1.27 Million | -0.19% |
| Other Components | $504.58 Million | 75.52% |
| Total Equity | $668.15 Million | 100.00% |
Irish Residential Properties REIT Plc Competitors by Market Cap
The table below lists competitors of Irish Residential Properties REIT Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trulieve Cannabis Corp
OTCQX:TCNNF
|
$524.69 Million |
|
Opthea Ltd
NASDAQ:OPT
|
$524.82 Million |
|
mBank S.A.
PINK:MBAKF
|
$524.85 Million |
|
Shandong Intco Recycling Resources Co Ltd
SHG:688087
|
$524.90 Million |
|
Intellian Technologies Inc
KQ:189300
|
$524.59 Million |
|
Wafer Works
TWO:6182
|
$524.54 Million |
|
VP Bank AG
SW:VPBN
|
$524.54 Million |
|
Bit Digital Inc
NASDAQ:BTBT
|
$524.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Irish Residential Properties REIT Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 697,331,000 to 668,150,000, a change of -29,181,000 (-4.2%).
- Net loss of 6,676,000 reduced equity.
- Dividend payments of 20,548,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,957,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.68 Million | -1.0% |
| Dividends Paid | $20.55 Million | -3.08% |
| Other Comprehensive Income | $-1.96 Million | -0.29% |
| Total Change | $- | -4.18% |
Book Value vs Market Value Analysis
This analysis compares Irish Residential Properties REIT Plc'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: 0.79x
- 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 127.94x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $0.01 | $1.00 | x |
| 2014-12-31 | $2.03 | $1.00 | x |
| 2015-12-31 | $1.17 | $1.00 | x |
| 2016-12-31 | $1.12 | $1.00 | x |
| 2017-12-31 | $1.19 | $1.00 | x |
| 2018-12-31 | $1.43 | $1.00 | x |
| 2019-12-31 | $1.68 | $1.00 | x |
| 2020-12-31 | $1.61 | $1.00 | x |
| 2021-12-31 | $1.67 | $1.00 | x |
| 2022-12-31 | $1.60 | $1.00 | x |
| 2023-12-31 | $1.32 | $1.00 | x |
| 2024-12-31 | $1.26 | $1.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Irish Residential Properties REIT Plc 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): -1.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.83%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.88x
- Recent ROE (-1.00%) is below the historical average (21.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 200.00% | 60.99% | 0.06x | 58.91x | $1.52 Million |
| 2014 | 7.04% | 107.31% | 0.04x | 1.65x | $-5.95 Million |
| 2015 | 7.09% | 124.68% | 0.05x | 1.12x | $-12.68 Million |
| 2016 | 10.01% | 121.25% | 0.06x | 1.48x | $31.50K |
| 2017 | 12.91% | 145.61% | 0.06x | 1.51x | $14.68 Million |
| 2018 | 19.36% | 236.69% | 0.05x | 1.52x | $57.91 Million |
| 2019 | 10.65% | 138.95% | 0.04x | 1.71x | $5.27 Million |
| 2020 | 6.92% | 77.95% | 0.05x | 1.68x | $-25.91 Million |
| 2021 | 7.66% | 84.70% | 0.05x | 1.73x | $-20.60 Million |
| 2022 | -1.39% | -13.93% | 0.06x | 1.80x | $-96.56 Million |
| 2023 | -16.64% | -132.05% | 0.07x | 1.86x | $-185.75 Million |
| 2024 | -1.00% | -7.83% | 0.07x | 1.88x | $-73.49 Million |
Industry Comparison
This section compares Irish Residential Properties REIT Plc'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 |
|---|---|---|---|---|
| Irish Residential Properties REIT Plc (RSHPF) | $665.36 Million | 200.00% | 0.89x | $524.65 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 |