WFD Unibail Rodamco NV
Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States. The Group operates 66 shopping centres in 11 countries, including 40 which carry the iconic Westfield brand. These centres attract over 900 million visits annually and provide a unique platform for retailers and brands to connect… Read more
WFD Unibail Rodamco NV (UNBLF) - Net Assets
Latest net assets as of December 2025: $21.70 Billion USD
Based on the latest financial reports, WFD Unibail Rodamco NV (UNBLF) has net assets worth $21.70 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($49.68 Billion) and total liabilities ($27.99 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 | $21.70 Billion |
| % of Total Assets | 43.67% |
| Annual Growth Rate | 9.45% |
| 5-Year Change | -3.02% |
| 10-Year Change | 3.22% |
| Growth Volatility | 28.61 |
WFD Unibail Rodamco NV - Net Assets Trend (2004–2025)
This chart illustrates how WFD Unibail Rodamco NV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for WFD Unibail Rodamco NV (2004–2025)
The table below shows the annual net assets of WFD Unibail Rodamco NV from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $21.70 Billion | +3.13% |
| 2024-12-31 | $21.04 Billion | +1.30% |
| 2023-12-31 | $20.77 Billion | -9.50% |
| 2022-12-31 | $22.95 Billion | +2.57% |
| 2021-12-31 | $22.37 Billion | -1.85% |
| 2020-12-31 | $22.80 Billion | -28.44% |
| 2019-12-31 | $31.85 Billion | -0.90% |
| 2018-12-31 | $32.14 Billion | +41.63% |
| 2017-12-31 | $22.69 Billion | +7.96% |
| 2016-12-31 | $21.02 Billion | +9.26% |
| 2015-12-31 | $19.24 Billion | +13.61% |
| 2014-12-31 | $16.93 Billion | +6.61% |
| 2013-12-31 | $15.88 Billion | +9.65% |
| 2012-12-31 | $14.49 Billion | +10.95% |
| 2011-12-31 | $13.06 Billion | +5.54% |
| 2010-12-31 | $12.37 Billion | -0.52% |
| 2009-12-31 | $12.44 Billion | -12.11% |
| 2008-12-31 | $14.15 Billion | -3.11% |
| 2007-12-31 | $14.60 Billion | +113.69% |
| 2006-12-31 | $6.83 Billion | +46.39% |
| 2005-12-31 | $4.67 Billion | +43.33% |
| 2004-12-31 | $3.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to WFD Unibail Rodamco NV'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 48.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.27 Billion | 7.16% |
| Other Components | $16.43 Billion | 92.84% |
| Total Equity | $17.70 Billion | 100.00% |
WFD Unibail Rodamco NV Competitors by Market Cap
The table below lists competitors of WFD Unibail Rodamco NV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AMGN
NEO:AMGN
|
$10.56 Billion |
|
Computershare Limited
PINK:CMSQF
|
$10.59 Billion |
|
First Majestic Silver Corp
NYSE:AG
|
$10.60 Billion |
|
Tenaga Nasional Bhd
KLSE:5347
|
$10.60 Billion |
|
Smurfit Kappa Group Plc
PINK:SMFTF
|
$10.55 Billion |
|
International Consolidated Airlines Group S.A.
PINK:BABWF
|
$10.53 Billion |
|
China Minsheng Banking Corp. Ltd
F:GHFH
|
$10.53 Billion |
|
The Sage Group plc
PINK:SGPYY
|
$10.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WFD Unibail Rodamco NV's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,670,700,000 to 17,702,300,000, a change of 31,600,000 (0.2%).
- Net income of 1,268,200,000 contributed positively to equity growth.
- Dividend payments of 501,200,000 reduced retained earnings.
- New share issuances of 20,000,000 increased equity.
- Other comprehensive income decreased equity by 3,426,600,000.
- Other factors increased equity by 2,671,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.27 Billion | +7.16% |
| Dividends Paid | $501.20 Million | -2.83% |
| Share Issuances | $20.00 Million | +0.11% |
| Other Comprehensive Income | $-3.43 Billion | -19.36% |
| Other Changes | $2.67 Billion | +15.09% |
| Total Change | $- | 0.18% |
Book Value vs Market Value Analysis
This analysis compares WFD Unibail Rodamco NV'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: 0.60x
- 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 1.19x to 0.60x 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 | $62.05 | $73.85 | x |
| 2005-12-31 | $88.48 | $73.85 | x |
| 2006-12-31 | $129.94 | $73.85 | x |
| 2007-12-31 | $195.92 | $73.85 | x |
| 2008-12-31 | $140.75 | $73.85 | x |
| 2009-12-31 | $124.11 | $73.85 | x |
| 2010-12-31 | $118.75 | $73.85 | x |
| 2011-12-31 | $124.73 | $73.85 | x |
| 2012-12-31 | $138.58 | $73.85 | x |
| 2013-12-31 | $141.04 | $73.85 | x |
| 2014-12-31 | $139.78 | $73.85 | x |
| 2015-12-31 | $159.92 | $73.85 | x |
| 2016-12-31 | $169.96 | $73.85 | x |
| 2017-12-31 | $183.38 | $73.85 | x |
| 2018-12-31 | $223.48 | $73.85 | x |
| 2019-12-31 | $198.91 | $73.85 | x |
| 2020-12-31 | $140.01 | $73.85 | x |
| 2021-12-31 | $136.53 | $73.85 | x |
| 2022-12-31 | $137.52 | $73.85 | x |
| 2023-12-31 | $123.82 | $73.85 | x |
| 2024-12-31 | $125.32 | $73.85 | x |
| 2025-12-31 | $123.48 | $73.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WFD Unibail Rodamco NV 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): 7.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.47%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.81x
- Recent ROE (7.16%) is above the historical average (7.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 29.40% | 158.28% | 0.07x | 2.63x | $544.76 Million |
| 2005 | 33.99% | 293.25% | 0.05x | 2.13x | $977.69 Million |
| 2006 | 35.35% | 436.78% | 0.05x | 1.79x | $1.53 Billion |
| 2007 | 8.40% | 129.69% | 0.03x | 1.88x | $-216.65 Million |
| 2008 | -8.72% | -78.99% | 0.06x | 1.93x | $-2.41 Billion |
| 2009 | -13.84% | -106.35% | 0.06x | 2.00x | $-2.70 Billion |
| 2010 | 22.54% | 167.43% | 0.06x | 2.27x | $1.38 Billion |
| 2011 | 11.41% | 90.75% | 0.06x | 2.27x | $164.19 Million |
| 2012 | 11.30% | 84.54% | 0.06x | 2.29x | $168.34 Million |
| 2013 | 9.42% | 73.07% | 0.05x | 2.36x | $-79.79 Million |
| 2014 | 11.50% | 86.14% | 0.05x | 2.45x | $218.51 Million |
| 2015 | 14.55% | 117.97% | 0.05x | 2.38x | $729.79 Million |
| 2016 | 13.79% | 118.58% | 0.05x | 2.33x | $662.46 Million |
| 2017 | 12.90% | 117.37% | 0.05x | 2.29x | $547.88 Million |
| 2018 | 3.66% | 37.71% | 0.04x | 2.29x | $-1.79 Billion |
| 2019 | 3.95% | 32.63% | 0.05x | 2.33x | $-1.69 Billion |
| 2020 | -37.21% | -725.83% | 0.02x | 2.96x | $-9.15 Billion |
| 2021 | -5.14% | -49.87% | 0.04x | 2.90x | $-2.86 Billion |
| 2022 | 0.93% | 6.04% | 0.05x | 2.85x | $-1.74 Billion |
| 2023 | -9.47% | -53.22% | 0.06x | 3.11x | $-3.35 Billion |
| 2024 | 0.83% | 4.49% | 0.06x | 3.03x | $-1.62 Billion |
| 2025 | 7.16% | 41.47% | 0.06x | 2.81x | $-502.03 Million |
Industry Comparison
This section compares WFD Unibail Rodamco NV's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WFD Unibail Rodamco NV (UNBLF) | $21.70 Billion | 29.40% | 1.29x | $10.56 Billion |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |