Sella Real Estate
Sella Capital Real Estate Ltd., a real estate investment trust, is engaged in the acquisition, management, holding, and rental of yielding real estate properties in Israel. The company operates office buildings, shopping centers, industrial buildings, and residential apartments for professionals, commercial companies, high- tech companies, and government institutions. As of December 31, 2013, it … Read more
Sella Real Estate (SLARL) - Net Assets
Latest net assets as of June 2025: ILA2.51 Billion ILA
Based on the latest financial reports, Sella Real Estate (SLARL) has net assets worth ILA2.51 Billion ILA as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA5.91 Billion) and total liabilities (ILA3.40 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 | ILA2.51 Billion |
| % of Total Assets | 42.46% |
| Annual Growth Rate | 19.74% |
| 5-Year Change | 47.78% |
| 10-Year Change | 165.34% |
| Growth Volatility | 18.71 |
Sella Real Estate - Net Assets Trend (2008–2024)
This chart illustrates how Sella Real Estate's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sella Real Estate (2008–2024)
The table below shows the annual net assets of Sella Real Estate from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA2.42 Billion | +4.99% |
| 2023-12-31 | ILA2.31 Billion | +3.55% |
| 2022-12-31 | ILA2.23 Billion | +8.01% |
| 2021-12-31 | ILA2.06 Billion | +25.85% |
| 2020-12-31 | ILA1.64 Billion | +5.66% |
| 2019-12-31 | ILA1.55 Billion | +16.16% |
| 2018-12-31 | ILA1.34 Billion | +13.94% |
| 2017-12-31 | ILA1.17 Billion | +25.15% |
| 2016-12-31 | ILA937.34 Million | +2.58% |
| 2015-12-31 | ILA913.73 Million | +55.51% |
| 2014-12-31 | ILA587.56 Million | +30.27% |
| 2013-12-31 | ILA451.04 Million | +20.46% |
| 2012-12-31 | ILA374.43 Million | +2.86% |
| 2011-12-31 | ILA364.01 Million | +10.15% |
| 2010-12-31 | ILA330.47 Million | +54.10% |
| 2009-12-31 | ILA214.45 Million | +57.93% |
| 2008-12-31 | ILA135.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sella Real Estate'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 25094.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA957.37 Million | 39.49% |
| Other Components | ILA1.47 Billion | 60.51% |
| Total Equity | ILA2.42 Billion | 100.00% |
Sella Real Estate Competitors by Market Cap
The table below lists competitors of Sella Real Estate ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Hartford Corporation
PINK:FHRT
|
$7.48 Million |
|
Mitsib Leasing Public Company Limited
BK:MITSIB
|
$7.49 Million |
|
Torq Resources Inc
OTCQB:TRBMF
|
$7.49 Million |
|
Dilli Illustrate Inc
KQ:131180
|
$7.49 Million |
|
Nippon Building Fund Inc
STU:S4C
|
$7.48 Million |
|
Artius II Acquisition Inc. Rights
NASDAQ:AACBR
|
$7.48 Million |
|
Ropharma Bras
RO:RPH
|
$7.48 Million |
|
FIPP S.A.
PA:FIPP
|
$7.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sella Real Estate's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,309,332,000 to 2,424,510,000, a change of 115,178,000 (5.0%).
- Net income of 213,000,000 contributed positively to equity growth.
- Dividend payments of 123,747,000 reduced retained earnings.
- New share issuances of 19,485,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA213.00 Million | +8.79% |
| Dividends Paid | ILA123.75 Million | -5.1% |
| Share Issuances | ILA19.48 Million | +0.8% |
| Other Changes | ILA6.44 Million | +0.27% |
| Total Change | ILA- | 4.99% |
Book Value vs Market Value Analysis
This analysis compares Sella Real Estate'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: 88.86x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 140.06x to 88.86x 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 | ILA6.92 | ILA969.00 | x |
| 2018-12-31 | ILA6.97 | ILA969.00 | x |
| 2019-12-31 | ILA8.10 | ILA969.00 | x |
| 2020-12-31 | ILA8.41 | ILA969.00 | x |
| 2021-12-31 | ILA9.58 | ILA969.00 | x |
| 2022-12-31 | ILA10.27 | ILA969.00 | x |
| 2023-12-31 | ILA10.51 | ILA969.00 | x |
| 2024-12-31 | ILA10.90 | ILA969.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sella Real Estate 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): 8.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.41%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.42x
- Recent ROE (8.79%) is above the historical average (8.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 4.79% | 25.09% | 0.10x | 1.94x | ILA-7.08 Million |
| 2009 | 3.59% | 27.70% | 0.07x | 1.85x | ILA-13.74 Million |
| 2010 | 3.96% | 34.08% | 0.07x | 1.77x | ILA-19.95 Million |
| 2011 | 7.69% | 70.64% | 0.06x | 1.93x | ILA-8.40 Million |
| 2012 | 9.80% | 46.95% | 0.10x | 2.11x | ILA-743.20K |
| 2013 | 4.43% | 27.18% | 0.07x | 2.50x | ILA-25.10 Million |
| 2014 | 6.81% | 42.95% | 0.07x | 2.27x | ILA-18.76 Million |
| 2015 | 6.19% | 43.01% | 0.07x | 2.05x | ILA-34.77 Million |
| 2016 | 7.89% | 48.84% | 0.07x | 2.36x | ILA-19.73 Million |
| 2017 | 7.97% | 50.95% | 0.07x | 2.19x | ILA-23.80 Million |
| 2018 | 7.31% | 46.22% | 0.07x | 2.16x | ILA-35.96 Million |
| 2019 | 18.87% | 123.63% | 0.07x | 2.21x | ILA137.74 Million |
| 2020 | 9.81% | 67.76% | 0.07x | 2.18x | ILA-3.06 Million |
| 2021 | 17.27% | 136.80% | 0.06x | 2.15x | ILA150.03 Million |
| 2022 | 11.93% | 84.36% | 0.06x | 2.32x | ILA42.99 Million |
| 2023 | 7.79% | 50.90% | 0.07x | 2.32x | ILA-50.93 Million |
| 2024 | 8.79% | 57.41% | 0.06x | 2.42x | ILA-29.45 Million |
Industry Comparison
This section compares Sella Real Estate's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,279,283,000
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sella Real Estate (SLARL) | ILA2.51 Billion | 4.79% | 1.36x | $7.48 Million |
| Reit Azorim HF Living Ltd (AZRT) | $1.07 Billion | -3.52% | 2.23x | $1.52 Million |
| MeguREIT Israel (MGRT) | $1.04 Billion | 18.29% | 1.76x | $3.67 Million |
| Menivim The New REIT Ltd (MNRT) | $1.73 Billion | 7.11% | 1.01x | $5.42 Million |