Wereldhave N.V
Wereldhave N.V. ("the Company") is an investment company that invests in real estate (shopping centers and offices). The property portfolio of Wereldhave N.V. and its subsidiaries ("the Group') is located in Belgium, France and the Netherlands. The Group is principally involved in leasing investment property under operating leases. The property management is performed by Group management companie… Read more
Wereldhave N.V (WRDEF) - Net Assets
Latest net assets as of December 2025: $1.34 Billion USD
Based on the latest financial reports, Wereldhave N.V (WRDEF) has net assets worth $1.34 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 ($2.64 Billion) and total liabilities ($1.30 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 | $1.34 Billion |
| % of Total Assets | 50.88% |
| Annual Growth Rate | 0.06% |
| 5-Year Change | 22.54% |
| 10-Year Change | -37.89% |
| Growth Volatility | 12.23 |
Wereldhave N.V - Net Assets Trend (2002–2025)
This chart illustrates how Wereldhave N.V's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wereldhave N.V (2002–2025)
The table below shows the annual net assets of Wereldhave N.V from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.34 Billion | +6.16% |
| 2024-12-31 | $1.26 Billion | +5.44% |
| 2023-12-31 | $1.20 Billion | +6.77% |
| 2022-12-31 | $1.12 Billion | +2.53% |
| 2021-12-31 | $1.10 Billion | -17.92% |
| 2020-12-31 | $1.33 Billion | -13.91% |
| 2019-12-31 | $1.55 Billion | -21.54% |
| 2018-12-31 | $1.98 Billion | -6.67% |
| 2017-12-31 | $2.12 Billion | -2.04% |
| 2016-12-31 | $2.16 Billion | -1.22% |
| 2015-12-31 | $2.19 Billion | +10.72% |
| 2014-12-31 | $1.98 Billion | +31.75% |
| 2013-12-31 | $1.50 Billion | -2.41% |
| 2012-12-31 | $1.54 Billion | -10.34% |
| 2011-12-31 | $1.71 Billion | -0.82% |
| 2010-12-31 | $1.73 Billion | +2.47% |
| 2009-12-31 | $1.69 Billion | -14.83% |
| 2008-12-31 | $1.98 Billion | -5.49% |
| 2007-12-31 | $2.10 Billion | +4.54% |
| 2006-12-31 | $2.00 Billion | +21.59% |
| 2005-12-31 | $1.65 Billion | +8.63% |
| 2004-12-31 | $1.52 Billion | +15.83% |
| 2003-12-31 | $1.31 Billion | -0.96% |
| 2002-12-31 | $1.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wereldhave N.V'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 75446500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.84 Billion | 169.39% |
| Total Equity | $1.09 Billion | 100.00% |
Wereldhave N.V Competitors by Market Cap
The table below lists competitors of Wereldhave N.V ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Equitas Small Finance Bank Limited
NSE:EQUITASBNK
|
$678.10 Million |
|
Hangzhou Steam Turbine
SHE:200771
|
$678.61 Million |
|
Almirall S.A
PINK:LBTSF
|
$678.91 Million |
|
Aprilbio Co. Ltd.
KQ:397030
|
$678.93 Million |
|
Xinhuanet Co Ltd
SHG:603888
|
$677.99 Million |
|
North Huajin Chemical Industries Co Ltd
SHE:000059
|
$677.73 Million |
|
Modern Times Group Mtg AB
ST:MTG-B
|
$677.61 Million |
|
Tsakos Energy Navigation Ltd
NYSE:TEN
|
$677.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wereldhave N.V's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,021,916,000 to 1,087,242,000, a change of 65,326,000 (6.4%).
- Net income of 73,344,000 contributed positively to equity growth.
- Dividend payments of 57,779,000 reduced retained earnings.
- Other factors increased equity by 49,761,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $73.34 Million | +6.75% |
| Dividends Paid | $57.78 Million | -5.31% |
| Other Changes | $49.76 Million | +4.58% |
| Total Change | $- | 6.39% |
Book Value vs Market Value Analysis
This analysis compares Wereldhave N.V'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: 0.68x
- 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 0.27x to 0.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $58.39 | $16.00 | x |
| 2003-12-31 | $57.83 | $16.00 | x |
| 2004-12-31 | $59.24 | $16.00 | x |
| 2005-12-31 | $60.13 | $16.00 | x |
| 2006-12-31 | $67.66 | $16.00 | x |
| 2007-12-31 | $70.47 | $16.00 | x |
| 2008-12-31 | $72.87 | $16.00 | x |
| 2009-12-31 | $64.66 | $16.00 | x |
| 2010-12-31 | $51.98 | $16.00 | x |
| 2011-12-31 | $50.16 | $16.00 | x |
| 2012-12-31 | $43.65 | $16.00 | x |
| 2013-12-31 | $47.89 | $16.00 | x |
| 2014-12-31 | $58.97 | $16.00 | x |
| 2015-12-31 | $48.58 | $16.00 | x |
| 2016-12-31 | $44.79 | $16.00 | x |
| 2017-12-31 | $43.53 | $16.00 | x |
| 2018-12-31 | $39.22 | $16.00 | x |
| 2019-12-31 | $32.78 | $16.00 | x |
| 2020-12-31 | $27.96 | $16.00 | x |
| 2021-12-31 | $21.59 | $16.00 | x |
| 2022-12-31 | $22.05 | $16.00 | x |
| 2023-12-31 | $23.88 | $16.00 | x |
| 2024-12-31 | $23.41 | $16.00 | x |
| 2025-12-31 | $23.58 | $16.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wereldhave N.V 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): 6.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.98%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.43x
- Recent ROE (6.75%) is above the historical average (2.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.79% | 66.12% | 0.08x | 1.57x | $-15.97 Million |
| 2003 | 8.89% | 67.81% | 0.09x | 1.54x | $-14.50 Million |
| 2004 | 11.36% | 108.99% | 0.07x | 1.52x | $19.30 Million |
| 2005 | 14.01% | 119.08% | 0.07x | 1.70x | $57.63 Million |
| 2006 | 20.13% | 170.71% | 0.08x | 1.49x | $179.89 Million |
| 2007 | 12.41% | 111.70% | 0.07x | 1.51x | $44.64 Million |
| 2008 | 0.51% | 4.19% | 0.07x | 1.62x | $-165.20 Million |
| 2009 | -6.52% | -48.33% | 0.08x | 1.65x | $-259.23 Million |
| 2010 | 5.90% | 40.97% | 0.07x | 1.94x | $-65.99 Million |
| 2011 | 3.96% | 26.38% | 0.07x | 2.04x | $-96.20 Million |
| 2012 | -9.34% | -54.95% | 0.08x | 2.16x | $-268.74 Million |
| 2013 | 2.92% | 28.34% | 0.06x | 1.72x | $-95.57 Million |
| 2014 | 0.82% | 10.15% | 0.04x | 1.94x | $-167.32 Million |
| 2015 | 4.78% | 36.12% | 0.07x | 1.95x | $-105.21 Million |
| 2016 | 5.08% | 37.53% | 0.07x | 2.00x | $-97.26 Million |
| 2017 | 3.51% | 25.61% | 0.07x | 2.03x | $-125.17 Million |
| 2018 | -3.90% | -29.31% | 0.07x | 2.01x | $-242.45 Million |
| 2019 | -24.21% | -132.63% | 0.08x | 2.31x | $-451.42 Million |
| 2020 | -17.27% | -88.12% | 0.08x | 2.44x | $-306.65 Million |
| 2021 | -24.61% | -111.81% | 0.09x | 2.35x | $-299.97 Million |
| 2022 | 6.47% | 35.20% | 0.08x | 2.37x | $-31.30 Million |
| 2023 | 8.23% | 43.13% | 0.08x | 2.36x | $-17.03 Million |
| 2024 | 11.34% | 60.30% | 0.08x | 2.31x | $13.65 Million |
| 2025 | 6.75% | 33.98% | 0.08x | 2.43x | $-35.38 Million |
Industry Comparison
This section compares Wereldhave N.V'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 |
|---|---|---|---|---|
| Wereldhave N.V (WRDEF) | $1.34 Billion | 8.79% | 0.97x | $678.07 Million |
| 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 |