Filinvest REIT Corp
Filinvest REIT Corp operates in Diversified REITs.
Filinvest REIT Corp (FILRT) - Net Assets
Latest net assets as of June 2023: ₱5.18 Billion PHP
Based on the latest financial reports, Filinvest REIT Corp (FILRT) has net assets worth ₱5.18 Billion PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱13.97 Billion) and total liabilities (₱8.79 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 | ₱5.18 Billion |
| % of Total Assets | 37.08% |
| Annual Growth Rate | 1.63% |
| 5-Year Change | -5.5% |
| 10-Year Change | N/A |
| Growth Volatility | 17.83 |
Filinvest REIT Corp - Net Assets Trend (2016–2022)
This chart illustrates how Filinvest REIT 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 Filinvest REIT Corp (2016–2022)
The table below shows the annual net assets of Filinvest REIT Corp from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱5.31 Billion | -11.22% |
| 2021-12-31 | ₱5.98 Billion | +17.19% |
| 2020-12-31 | ₱5.11 Billion | -24.01% |
| 2018-12-31 | ₱6.72 Billion | +19.53% |
| 2017-12-31 | ₱5.62 Billion | +16.58% |
| 2016-12-31 | ₱4.82 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Filinvest REIT 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 90.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱347.45 Million | 6.54% |
| Common Stock | ₱2.45 Billion | 46.05% |
| Other Components | ₱2.52 Billion | 47.41% |
| Total Equity | ₱5.31 Billion | 100.00% |
Filinvest REIT Corp Competitors by Market Cap
The table below lists competitors of Filinvest REIT Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Keller Manufacturing Company Inc
PINK:KMFI
|
$472.10 |
|
EX-PACK CORRUGATED CARTONS LIMITED
CM:PACKN0000
|
$472.37 |
|
GULLEWA
BE:G2L
|
$473.16 |
|
Golden Valley Development Inc
PINK:GVDI
|
$473.30 |
|
GWH-WT
NYSE:GWH-WT
|
$471.62 |
|
Verify Smart Corp
PINK:VSMR
|
$470.56 |
|
Coro Energy PLC
LSE:CORO
|
$470.51 |
|
Trail Blazer Capital Corp.
V:TBLZ-P
|
$470.24 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Filinvest REIT Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 5,983,625,460 to 5,312,196,470, a change of -671,428,990 (-11.2%).
- Net income of 1,305,253,320 contributed positively to equity growth.
- Dividend payments of 1,976,682,310 reduced retained earnings.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱1.31 Billion | +24.57% |
| Dividends Paid | ₱1.98 Billion | -37.21% |
| Total Change | ₱- | -11.22% |
Book Value vs Market Value Analysis
This analysis compares Filinvest REIT 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: 2.71x
- 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 0.71x to 2.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱4.14 | ₱2.94 | x |
| 2017-12-31 | ₱4.83 | ₱2.94 | x |
| 2018-12-31 | ₱5.78 | ₱2.94 | x |
| 2020-12-31 | ₱4.39 | ₱2.94 | x |
| 2021-12-31 | ₱1.22 | ₱2.94 | x |
| 2022-12-31 | ₱1.09 | ₱2.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Filinvest REIT 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): 24.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.29%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.67x
- Recent ROE (24.57%) is below the historical average (27.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 27.95% | 67.06% | 0.15x | 2.80x | ₱865.48 Million |
| 2017 | 21.05% | 61.32% | 0.11x | 3.25x | ₱621.33 Million |
| 2018 | 20.99% | 59.88% | 0.12x | 2.87x | ₱738.33 Million |
| 2020 | 36.44% | 47.94% | 0.15x | 4.94x | ₱1.35 Billion |
| 2021 | 31.00% | 53.90% | 0.25x | 2.34x | ₱1.26 Billion |
| 2022 | 24.57% | 40.29% | 0.23x | 2.67x | ₱774.03 Million |
Industry Comparison
This section compares Filinvest REIT Corp's net assets metrics with peer companies in the Residential & Commercial REITs industry.
Industry Context
- Industry: Residential & Commercial REITs
- Average net assets among peers: $25,064,928,534
- Average return on equity (ROE) among peers: 6.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Filinvest REIT Corp (FILRT) | ₱5.18 Billion | 27.95% | 1.70x | $471.78 |
| AyalaLand REIT Inc. (AREIT) | $60.07 Billion | 4.81% | 0.13x | $6.24K |
| Citicore Energy REIT Corp (CREIT) | $460.99 Million | 17.26% | 2.66x | $520.58 |
| DDMP REIT Inc (DDMPR) | $12.62 Billion | 2.61% | 0.08x | $162.82 |
| MREIT Inc (MREIT) | $52.16 Billion | 3.86% | 0.17x | $2.25K |
| RL Commercial REIT Inc (RCR) | $6.60 Million | 3.50% | 0.01x | $1.06K |