European Residential Real Estate Investment Trust (ERE-UN) - Net Assets
Based on the latest financial reports, European Residential Real Estate Investment Trust (ERE-UN) has net assets worth CA$214.40 Million CAD (≈ $155.09 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$729.73 Million ≈ $527.88 Million USD) and total liabilities (CA$515.33 Million ≈ $372.78 Million USD). 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. Check European Residential Real Estate Investm (ERE-UN) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$214.40 Million |
| % of Total Assets | 29.38% |
| Annual Growth Rate | 72.34% |
| 5-Year Change | -26.21% |
| 10-Year Change | N/A |
| Growth Volatility | 359.24 |
European Residential Real Estate Investment Trust - Net Assets Trend (2016–2024)
This chart illustrates how European Residential Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore ERE-UN current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for European Residential Real Estate Investment Trust (2016–2024)
The table below shows the annual net assets of European Residential Real Estate Investment Trust from 2016 to 2024. For live valuation and market cap data, see European Residential Real Estate Investm (ERE-UN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$261.02 Million ≈ $188.82 Million |
-38.91% |
| 2023-12-31 | CA$427.25 Million ≈ $309.06 Million |
-22.34% |
| 2022-12-31 | CA$550.15 Million ≈ $397.97 Million |
+24.53% |
| 2021-12-31 | CA$441.76 Million ≈ $319.57 Million |
+24.89% |
| 2020-12-31 | CA$353.72 Million ≈ $255.87 Million |
+45.06% |
| 2019-12-31 | CA$243.84 Million ≈ $176.39 Million |
+490.86% |
| 2018-12-31 | CA$41.27 Million ≈ $29.85 Million |
+7.21% |
| 2017-12-31 | CA$38.49 Million ≈ $27.85 Million |
+1047.80% |
| 2016-12-31 | CA$3.35 Million ≈ $2.43 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to European Residential Real Estate Investment Trust'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 301227722.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$2.95 Million | 1.13% |
| Common Stock | CA$258.07 Million | 98.87% |
| Total Equity | CA$261.02 Million | 100.00% |
European Residential Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of European Residential Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eksun Gida Tarim Sanayi ve Ticaret A.S.
IS:EKSUN
|
$79.56 Million |
|
Viet Nam Fumigation JSC
VN:VFG
|
$79.56 Million |
|
Meditera Tibbi Malzeme Sanayi ve Ticaret AS
IS:MEDTR
|
$79.59 Million |
|
Mistral Gayrimenkul Yatirim Ortakligi AS
IS:MSGYO
|
$79.65 Million |
|
Tradetool Auto Co Ltd
TWO:3685
|
$79.47 Million |
|
J W Mays Inc
NASDAQ:MAYS
|
$79.46 Million |
|
meerecompany Incorporated
KQ:049950
|
$79.45 Million |
|
Biodesix Inc
NASDAQ:BDSX
|
$79.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in European Residential Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 427,247,000 to 261,024,000, a change of -166,223,000 (-38.9%).
- Net loss of 64,288,000 reduced equity.
- Dividend payments of 101,927,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-64.29 Million | -24.63% |
| Dividends Paid | CA$101.93 Million | -39.05% |
| Other Changes | CA$-8.00K | -0.0% |
| Total Change | CA$- | -38.91% |
Book Value vs Market Value Analysis
This analysis compares European Residential Real Estate Investment Trust'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: 1.06x
- 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 0.62x to 1.06x 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 | CA$1.91 | CA$1.18 | x |
| 2017-12-31 | CA$2.42 | CA$1.18 | x |
| 2018-12-31 | CA$0.51 | CA$1.18 | x |
| 2019-12-31 | CA$1.73 | CA$1.18 | x |
| 2020-12-31 | CA$1.53 | CA$1.18 | x |
| 2021-12-31 | CA$1.91 | CA$1.18 | x |
| 2022-12-31 | CA$2.37 | CA$1.18 | x |
| 2023-12-31 | CA$1.83 | CA$1.18 | x |
| 2024-12-31 | CA$1.11 | CA$1.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently European Residential Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -24.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -69.15%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.32x
- Recent ROE (-24.63%) is below the historical average (2.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.83% | 0.00% | 0.00x | 1.09x | CA$-396.66K |
| 2017 | -3.73% | -33.61% | 0.05x | 2.40x | CA$-5.29 Million |
| 2018 | 12.80% | 67.70% | 0.08x | 2.35x | CA$1.16 Million |
| 2019 | -6.89% | -40.51% | 0.03x | 5.69x | CA$-41.19 Million |
| 2020 | 33.55% | 169.80% | 0.05x | 4.24x | CA$83.29 Million |
| 2021 | 21.76% | 125.06% | 0.04x | 4.27x | CA$51.96 Million |
| 2022 | 21.16% | 130.44% | 0.05x | 3.52x | CA$61.40 Million |
| 2023 | -26.74% | -119.38% | 0.06x | 4.03x | CA$-156.95 Million |
| 2024 | -24.63% | -69.15% | 0.11x | 3.32x | CA$-90.39 Million |
Industry Comparison
This section compares European Residential Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,701,537,010
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| European Residential Real Estate Investment Trust (ERE-UN) | CA$214.40 Million | -1.83% | 2.40x | $79.47 Million |
| Boardwalk Real Estate Investment Trust (BEI-UN) | $217.30 Million | 3.68% | 3.28x | $2.34 Billion |
| Canadian Apartment Properties Real Estate Investment Trust (CAR-UN) | $10.40 Billion | 13.39% | 0.70x | $4.06 Billion |
| BSR Real Estate Investment Trust (HOM-UN) | $657.60 Million | -6.12% | 1.71x | $114.41K |
| InterRent Real Estate Investment Trust (IIP-UN) | $2.82 Million | 6.08% | 1.84x | $1.33 Billion |
| Killam Apartment Real Estate Investment Trust (KMP-UN) | $2.11 Billion | 13.52% | 1.17x | $1.50 Billion |
| Lanesborough Real Estate Investment Trust (LRT-UN) | $-36.64 Million | 0.00% | 0.00x | $2.46 Million |
| Flagship Communities Real Estate Investment Trust (MHC-U) | $322.69 Million | 18.60% | 1.15x | $368.64 Million |
| Minto Apartment Real Estate Investment Trust (MI-UN) | $1.12 Billion | 5.67% | 1.37x | $463.75 Million |
| Morguard North American Residential Real Estate Investment Trust (MRG-UN) | $522.96 Million | 10.78% | 2.20x | $424.29 Million |
About European Residential Real Estate Investment Trust
ERES is an unincorporated, open-ended real estate investment trust. ERES's REIT Units are listed on the TSX under the symbol ERE.UN. ERES is Canada's only European-focused multi-residential REIT, with a current portfolio of high-quality, multi-residential real estate properties in the Netherlands. As at September 30, 2025, ERES owned 1,033 residential suites and ancillary retail space located in … Read more