RL Commercial REIT Inc
RL Commercial REIT Inc operates in Diversified REITs.
RL Commercial REIT Inc (RCR) - Net Assets
Latest net assets as of June 2022: ₱60.15 Billion PHP
Based on the latest financial reports, RL Commercial REIT Inc (RCR) has net assets worth ₱60.15 Billion PHP as of June 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱61.93 Billion) and total liabilities (₱1.79 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 | ₱60.15 Billion |
| % of Total Assets | 97.12% |
| Annual Growth Rate | 735.83% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 394925.32 |
RL Commercial REIT Inc - Net Assets Trend (2017–2021)
This chart illustrates how RL Commercial REIT Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RL Commercial REIT Inc (2017–2021)
The table below shows the annual net assets of RL Commercial REIT Inc from 2017 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | ₱60.03 Billion | +912025.82% |
| 2020-12-31 | ₱6.58 Million | -0.29% |
| 2019-12-31 | ₱6.60 Million | -47.70% |
| 2018-12-31 | ₱12.62 Million | +2.60% |
| 2017-12-31 | ₱12.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RL Commercial REIT Inc'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 17459.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱1.06 Billion | 1.77% |
| Common Stock | ₱9.95 Billion | 16.57% |
| Other Components | ₱49.02 Billion | 81.66% |
| Total Equity | ₱60.03 Billion | 100.00% |
RL Commercial REIT Inc Competitors by Market Cap
The table below lists competitors of RL Commercial REIT Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dnd Technologies
PINK:DNDT
|
$1.06K |
|
NEW TOYO INTL
BE:N8Y
|
$1.07K |
|
SINOPEC OILFIELD-H- (YIZH.SG)
STU:YIZH
|
$1.07K |
|
HYDROGEN PRO ASA NK -02
F:R6Z
|
$1.07K |
|
Olympia Spinning and Weaving Mills Ltd
KAR:OML
|
$1.06K |
|
Wilcon Depot Inc
PSE:WLCON
|
$1.06K |
|
Reko International Group Inc
PINK:RKIGF
|
$1.06K |
|
Cosco Capital Inc
PSE:COSCO
|
$1.06K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RL Commercial REIT Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 6,581,790 to 60,034,206,160, a change of 60,027,624,370 (912025.8%).
- Net income of 1,678,952,170 contributed positively to equity growth.
- Dividend payments of 616,837,830 reduced retained earnings.
- Share repurchases of 59,046,000,000 reduced equity.
- Other factors increased equity by 118,011,510,030.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱1.68 Billion | +2.8% |
| Dividends Paid | ₱616.84 Million | -1.03% |
| Share Repurchases | ₱59.05 Billion | -98.35% |
| Other Changes | ₱118.01 Billion | +196.57% |
| Total Change | ₱- | 912025.82% |
Book Value vs Market Value Analysis
This analysis compares RL Commercial REIT Inc'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: 1.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5499.94x to 1.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₱0.00 | ₱6.80 | x |
| 2018-12-31 | ₱0.00 | ₱6.80 | x |
| 2019-12-31 | ₱0.00 | ₱6.80 | x |
| 2020-12-31 | ₱0.00 | ₱6.80 | x |
| 2021-12-31 | ₱6.03 | ₱6.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RL Commercial REIT Inc 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): 2.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 80.64%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.03x
- Recent ROE (2.80%) is above the historical average (1.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.83% | 81.38% | 0.01x | 1.05x | ₱-1.13 Million |
| 2018 | 2.53% | 94.67% | 0.03x | 1.05x | ₱-942.47K |
| 2019 | 3.50% | 86.53% | 0.04x | 1.01x | ₱-428.89K |
| 2020 | -0.29% | 0.00% | 0.00x | 1.00x | ₱-677.13K |
| 2021 | 2.80% | 80.64% | 0.03x | 1.03x | ₱-4.32 Billion |
Industry Comparison
This section compares RL Commercial REIT Inc's net assets metrics with peer companies in the Residential & Commercial REITs industry.
Industry Context
- Industry: Residential & Commercial REITs
- Average net assets among peers: $26,028,007,540
- Average return on equity (ROE) among peers: 11.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RL Commercial REIT Inc (RCR) | ₱60.15 Billion | 0.83% | 0.03x | $1.06K |
| 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 |
| Filinvest REIT Corp (FILRT) | $4.82 Billion | 27.95% | 1.80x | $471.78 |
| MREIT Inc (MREIT) | $52.16 Billion | 3.86% | 0.17x | $2.25K |