Varia US Properties Ltd
Varia US Properties AG, a real estate investment company, acquires, holds, and sells properties in the United States. The company's portfolio comprises low-moderate income and workforce multifamily housing properties. The company was founded in 2015 and is based in Zug, Switzerland.
Varia US Properties Ltd (VARN) - Net Assets
Latest net assets as of September 2025: CHF351.39 Million CHF
Based on the latest financial reports, Varia US Properties Ltd (VARN) has net assets worth CHF351.39 Million CHF as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF1.19 Billion) and total liabilities (CHF840.43 Million). 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 | CHF351.39 Million |
| % of Total Assets | 29.48% |
| Annual Growth Rate | 5.89% |
| 5-Year Change | -8.69% |
| 10-Year Change | N/A |
| Growth Volatility | 20.5 |
Varia US Properties Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Varia US Properties Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Varia US Properties Ltd (2016–2024)
The table below shows the annual net assets of Varia US Properties Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CHF355.76 Million | -10.45% |
| 2023-12-31 | CHF397.25 Million | -34.76% |
| 2022-12-31 | CHF608.92 Million | +18.39% |
| 2021-12-31 | CHF514.35 Million | +32.01% |
| 2020-12-31 | CHF389.63 Million | +15.85% |
| 2019-12-31 | CHF336.32 Million | +0.59% |
| 2018-12-31 | CHF334.34 Million | +23.65% |
| 2017-12-31 | CHF270.38 Million | +20.17% |
| 2016-12-31 | CHF225.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Varia US Properties Ltd'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 1678.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF157.83 Million | 44.36% |
| Common Stock | CHF10.30 Million | 2.89% |
| Other Components | CHF187.63 Million | 52.74% |
| Total Equity | CHF355.76 Million | 100.00% |
Varia US Properties Ltd Competitors by Market Cap
The table below lists competitors of Varia US Properties Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maui Land & Pineapple Company Inc
NYSE:MLP
|
$118.72 Million |
|
MEGA METAL
IS:MEGMT
|
$118.73 Million |
|
Pennar Industries Limited
NSE:PENIND
|
$118.84 Million |
|
Caisse Régionale de Crédit Agricole du Morbihan
LSE:0AHX
|
$118.84 Million |
|
DURCF
PINK:DURCF
|
$118.71 Million |
|
Shenzhen Capol International & Associates Co Ltd
SHE:002949
|
$118.69 Million |
|
Zhaoke Ophthalmology Limited
F:9FX
|
$118.66 Million |
|
GCL NEW ENERGY HD-0832
F:TJI
|
$118.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Varia US Properties Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 397,252,883 to 355,759,108, a change of -41,493,775 (-10.4%).
- Net loss of 17,513,657 reduced equity.
- Dividend payments of 23,030,710 reduced retained earnings.
- Share repurchases of 23,030,710 reduced equity.
- Other comprehensive income decreased equity by 2,721,938.
- Other factors increased equity by 24,803,240.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF-17.51 Million | -4.92% |
| Dividends Paid | CHF23.03 Million | -6.47% |
| Share Repurchases | CHF23.03 Million | -6.47% |
| Other Comprehensive Income | CHF-2.72 Million | -0.77% |
| Other Changes | CHF24.80 Million | +6.97% |
| Total Change | CHF- | -10.45% |
Book Value vs Market Value Analysis
This analysis compares Varia US Properties Ltd'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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CHF30.81 | CHF18.60 | x |
| 2017-12-31 | CHF36.60 | CHF18.60 | x |
| 2018-12-31 | CHF37.43 | CHF18.60 | x |
| 2019-12-31 | CHF37.36 | CHF18.60 | x |
| 2020-12-31 | CHF42.85 | CHF18.60 | x |
| 2021-12-31 | CHF50.79 | CHF18.60 | x |
| 2022-12-31 | CHF60.08 | CHF18.60 | x |
| 2023-12-31 | CHF39.23 | CHF18.60 | x |
| 2024-12-31 | CHF35.13 | CHF18.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Varia US Properties Ltd 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): -4.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.13%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 3.52x
- Recent ROE (-4.92%) is below the historical average (6.06%), 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 | 3.41% | 22.67% | 0.07x | 2.16x | CHF-13.74 Million |
| 2017 | 11.33% | 46.83% | 0.09x | 2.70x | CHF3.30 Million |
| 2018 | 7.45% | 32.68% | 0.09x | 2.47x | CHF-8.51 Million |
| 2019 | 12.71% | 48.10% | 0.09x | 2.86x | CHF9.12 Million |
| 2020 | 9.12% | 36.11% | 0.09x | 2.71x | CHF-3.45 Million |
| 2021 | 30.33% | 144.56% | 0.07x | 2.93x | CHF104.57 Million |
| 2022 | 20.13% | 96.88% | 0.07x | 2.95x | CHF61.71 Million |
| 2023 | -34.99% | -112.11% | 0.09x | 3.44x | CHF-178.73 Million |
| 2024 | -4.92% | -16.13% | 0.09x | 3.52x | CHF-53.09 Million |
Industry Comparison
This section compares Varia US Properties Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $698,794,338
- Average return on equity (ROE) among peers: 11.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Varia US Properties Ltd (VARN) | CHF351.39 Million | 3.41% | 2.39x | $118.71 Million |
| Allreal Holding (ALLN) | $2.35 Billion | 9.98% | 1.02x | $3.41 Billion |
| CI Com SA (CIE) | $-5.43 Million | 0.00% | 0.00x | $83.71K |
| EPIC Suisse AG (EPIC) | $569.17 Million | 6.04% | 1.72x | $331.03 Million |
| Fundamenta Real Estate AG (FREN) | $369.27 Million | 6.22% | 1.05x | $599.18 Million |
| Investis Holding SA (IREN) | $393.73 Million | 6.70% | 1.37x | $450.20 Million |
| Intershop Holding AG (ISN) | $557.52 Million | 10.08% | 1.52x | $1.61 Billion |
| Mobimo Hldg (MOBN) | $1.65 Billion | 8.43% | 1.28x | $2.99 Billion |
| Peach Property Group AG (PEAN) | $23.46 Million | 52.28% | 4.79x | $50.26 Million |
| SF Urban Properties AG (SFPN) | $374.83 Million | 4.26% | 1.33x | $325.38 Million |