Timbercreek Financial Corp
Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. The company focuses on lending against income-producing real estate properties, such as multi-residential, retail, and office properties for urban markets. Timbercreek Financial Corp. was founded in 2016 and is headquartered in Toronto, Canada.
Timbercreek Financial Corp (TBCRF) - Net Assets
Latest net assets as of September 2025: $678.00 Million USD
Based on the latest financial reports, Timbercreek Financial Corp (TBCRF) has net assets worth $678.00 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 ($1.75 Billion) and total liabilities ($1.07 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 | $678.00 Million |
| % of Total Assets | 38.79% |
| Annual Growth Rate | 17.72% |
| 5-Year Change | 0.23% |
| 10-Year Change | 89.5% |
| Growth Volatility | 40.92 |
Timbercreek Financial Corp - Net Assets Trend (2008–2024)
This chart illustrates how Timbercreek Financial Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Timbercreek Financial Corp (2008–2024)
The table below shows the annual net assets of Timbercreek Financial Corp from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $686.60 Million | -2.07% |
| 2023-12-31 | $701.14 Million | +0.37% |
| 2022-12-31 | $698.54 Million | +2.04% |
| 2021-12-31 | $684.58 Million | -0.07% |
| 2020-12-31 | $685.05 Million | -5.95% |
| 2019-12-31 | $728.39 Million | +1.74% |
| 2018-12-31 | $715.97 Million | +9.62% |
| 2017-12-31 | $653.12 Million | +1.00% |
| 2016-12-31 | $646.67 Million | +78.48% |
| 2015-12-31 | $362.33 Million | -0.72% |
| 2014-12-31 | $364.95 Million | +8.43% |
| 2013-12-31 | $336.57 Million | -5.33% |
| 2012-12-31 | $355.53 Million | +11.73% |
| 2011-12-31 | $318.21 Million | +98.74% |
| 2010-12-31 | $160.12 Million | +132.68% |
| 2009-12-31 | $68.81 Million | +36.24% |
| 2008-12-31 | $50.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Timbercreek Financial Corp'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 5214300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $732.94 Million | 106.75% |
| Other Comprehensive Income | $5.81 Million | 0.85% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $686.60 Million | 100.00% |
Timbercreek Financial Corp Competitors by Market Cap
The table below lists competitors of Timbercreek Financial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Der International Home Furnishing Co Ltd
SHE:002631
|
$359.59 Million |
|
Hunan Baili Engineering Sci
SHG:603959
|
$359.90 Million |
|
Thinking Electronic Industrial Co Ltd
TW:2428
|
$359.94 Million |
|
Vanda Pharmaceuticals Inc
NASDAQ:VNDA
|
$359.97 Million |
|
Ichia Technologies Inc
TW:2402
|
$359.51 Million |
|
Laekna, Inc.
F:4U4
|
$359.35 Million |
|
Consolidated Communications
NASDAQ:CNSL
|
$359.25 Million |
|
Nederman Holding AB (publ)
PINK:NHOXF
|
$359.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Timbercreek Financial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 701,139,000 to 686,604,000, a change of -14,535,000 (-2.1%).
- Net income of 46,157,000 contributed positively to equity growth.
- Dividend payments of 56,174,000 reduced retained earnings.
- Share repurchases of 5,875,000 reduced equity.
- Other comprehensive income increased equity by 1,356,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.16 Million | +6.72% |
| Dividends Paid | $56.17 Million | -8.18% |
| Share Repurchases | $5.88 Million | -0.86% |
| Other Comprehensive Income | $1.36 Million | +0.2% |
| Other Changes | $1.00 | +0.0% |
| Total Change | $- | -2.07% |
Book Value vs Market Value Analysis
This analysis compares Timbercreek Financial Corp'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: 0.53x
- 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 increased from 0.37x to 0.53x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $11.74 | $4.36 | x |
| 2009-12-31 | $11.54 | $4.36 | x |
| 2010-12-31 | $12.29 | $4.36 | x |
| 2011-12-31 | $12.63 | $4.36 | x |
| 2012-12-31 | $9.28 | $4.36 | x |
| 2013-12-31 | $8.75 | $4.36 | x |
| 2014-12-31 | $9.23 | $4.36 | x |
| 2015-12-31 | $8.29 | $4.36 | x |
| 2016-12-31 | $10.90 | $4.36 | x |
| 2017-12-31 | $7.69 | $4.36 | x |
| 2018-12-31 | $8.09 | $4.36 | x |
| 2019-12-31 | $8.35 | $4.36 | x |
| 2020-12-31 | $8.37 | $4.36 | x |
| 2021-12-31 | $8.42 | $4.36 | x |
| 2022-12-31 | $8.35 | $4.36 | x |
| 2023-12-31 | $7.27 | $4.36 | x |
| 2024-12-31 | $8.27 | $4.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Timbercreek Financial Corp 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): 6.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.60%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.53x
- Recent ROE (6.72%) is above the historical average (5.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 2.96% | 84.08% | 0.03x | 1.02x | $-3.56 Million |
| 2009 | 6.16% | 81.34% | 0.07x | 1.05x | $-2.64 Million |
| 2010 | 4.91% | 79.69% | 0.06x | 1.11x | $-8.15 Million |
| 2011 | 5.67% | 86.17% | 0.06x | 1.04x | $-13.79 Million |
| 2012 | -0.11% | -1.13% | 0.09x | 1.15x | $-35.95 Million |
| 2013 | 0.15% | 1.30% | 0.08x | 1.39x | $-33.15 Million |
| 2014 | 6.83% | 67.26% | 0.06x | 1.74x | $-11.58 Million |
| 2015 | 7.73% | 56.85% | 0.06x | 2.12x | $-8.21 Million |
| 2016 | 7.11% | 55.42% | 0.05x | 2.43x | $-18.67 Million |
| 2017 | 7.99% | 44.96% | 0.07x | 2.55x | $-13.11 Million |
| 2018 | 7.41% | 41.85% | 0.07x | 2.72x | $-18.53 Million |
| 2019 | 7.52% | 43.34% | 0.07x | 2.47x | $-18.10 Million |
| 2020 | 4.67% | 25.46% | 0.07x | 2.50x | $-36.50 Million |
| 2021 | 6.03% | 35.43% | 0.07x | 2.53x | $-27.15 Million |
| 2022 | 8.00% | 37.60% | 0.08x | 2.74x | $-13.96 Million |
| 2023 | 9.47% | 36.70% | 0.10x | 2.55x | $-3.69 Million |
| 2024 | 6.72% | 28.60% | 0.09x | 2.53x | $-22.50 Million |
Industry Comparison
This section compares Timbercreek Financial Corp's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $854,818,960
- Average return on equity (ROE) among peers: -13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Timbercreek Financial Corp (TBCRF) | $678.00 Million | 2.96% | 1.58x | $359.55 Million |
| Atrium Mortgage Investment Corporation (AMIVF) | $482.21 Million | 10.68% | 0.82x | $339.62 Million |
| AVVAA World Health Care Products Inc (AVVH) | $-41.07K | 0.00% | 0.00x | $16.78 |
| Better Home & Finance Holding Company (BETR) | $15.42 Million | 64.09% | 22.39x | $351.94 Million |
| Eastside Distilling, Inc. (BLNE) | $1.58 Million | -256.44% | 0.29x | $50.97 Million |
| Dominion Lending Centres Inc (BRLGF) | $157.84 Million | -4.27% | 1.04x | $184.06 Million |
| CNFinance Holdings Ltd (CNF) | $6.11 Billion | 1.07% | 1.36x | $38.54 Million |
| Mr. Cooper Group Inc (COOP) | $882.60 Million | 10.81% | 9.17x | $13.29 Billion |
| Dominion Resources Black Warrior Trust (DOMR) | $11.00 Million | 38.58% | 0.01x | $0.99 |
| DVL Inc (DVLN) | $7.57 Million | 6.67% | 5.00x | $18.05 Million |
| ECN Capital Corp. (ECNNF) | $879.03 Million | -1.68% | 0.96x | $1.32 Billion |