BSR Real Estate Investment Trust (HOM-UN) - Net Assets
Based on the latest financial reports, BSR Real Estate Investment Trust (HOM-UN) has net assets worth CA$580.90 Million CAD (≈ $420.22 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.41 Billion ≈ $1.02 Billion USD) and total liabilities (CA$828.97 Million ≈ $599.67 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 how resilient are BSR Real Estate Investment Trust's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$580.90 Million |
| % of Total Assets | 41.2% |
| Annual Growth Rate | 13.96% |
| 5-Year Change | -12.85% |
| 10-Year Change | 167.53% |
| Growth Volatility | 37.75 |
BSR Real Estate Investment Trust - Net Assets Trend (2015–2025)
This chart illustrates how BSR Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore HOM-UN current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for BSR Real Estate Investment Trust (2015–2025)
The table below shows the annual net assets of BSR Real Estate Investment Trust from 2015 to 2025. For live valuation and market cap data, see HOM-UN company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$580.90 Million ≈ $420.22 Million |
-11.66% |
| 2024-12-31 | CA$657.60 Million ≈ $475.69 Million |
-7.69% |
| 2023-12-31 | CA$712.40 Million ≈ $515.34 Million |
-26.99% |
| 2022-12-31 | CA$975.75 Million ≈ $705.84 Million |
+46.38% |
| 2021-12-31 | CA$666.57 Million ≈ $482.19 Million |
+109.18% |
| 2020-12-31 | CA$318.66 Million ≈ $230.52 Million |
+11.81% |
| 2019-12-31 | CA$285.00 Million ≈ $206.17 Million |
-1.22% |
| 2018-12-31 | CA$288.51 Million ≈ $208.71 Million |
-2.70% |
| 2017-12-31 | CA$296.53 Million ≈ $214.50 Million |
+36.56% |
| 2016-12-31 | CA$217.14 Million ≈ $157.08 Million |
+38.10% |
| 2015-12-31 | CA$157.23 Million ≈ $113.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BSR 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 decreased by 11477973700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$382.15 Million | 65.79% |
| Other Comprehensive Income | CA$199.12 Million | 34.28% |
| Other Components | CA$114.42 Million | 19.70% |
| Total Equity | CA$580.90 Million | 100.00% |
BSR Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of BSR Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dosni Roha Indonesia Tbk PT
JK:ZBRA
|
$117.43K |
|
Sound Energy PLC
LSE:SOU
|
$118.07K |
|
Nanoco Group plc
LSE:NANO
|
$118.20K |
|
BOOSH PLANT-BASED BRANDS
F:77I
|
$118.63K |
|
Shearwater Group plc
LSE:SWG
|
$115.38K |
|
Tandem Group
LSE:TND
|
$114.13K |
|
AYURCANN HOLDINGS CORP.
F:3ZQ0
|
$113.81K |
|
Croma Security Solutions Group Plc
LSE:CSSG
|
$113.08K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BSR Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 657,596,000 to 580,904,912, a change of -76,691,088 (-11.7%).
- Net loss of 63,827,104 reduced equity.
- Dividend payments of 25,638,086 reduced retained earnings.
- Share repurchases of 63,085 reduced equity.
- Other comprehensive income decreased equity by 177,718,000.
- Other factors increased equity by 190,555,187.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-63.83 Million | -10.99% |
| Dividends Paid | CA$25.64 Million | -4.41% |
| Share Repurchases | CA$63.09K | -0.01% |
| Other Comprehensive Income | CA$-177.72 Million | -30.59% |
| Other Changes | CA$190.56 Million | +32.8% |
| Total Change | CA$- | -11.66% |
Book Value vs Market Value Analysis
This analysis compares BSR 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: 0.90x
- 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.
- The price-to-book ratio has decreased from 1.72x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CA$9.50 | CA$16.32 | x |
| 2016-12-31 | CA$13.12 | CA$16.32 | x |
| 2017-12-31 | CA$17.92 | CA$16.32 | x |
| 2018-12-31 | CA$17.43 | CA$16.32 | x |
| 2019-12-31 | CA$12.77 | CA$16.32 | x |
| 2020-12-31 | CA$13.35 | CA$16.32 | x |
| 2021-12-31 | CA$21.36 | CA$16.32 | x |
| 2022-12-31 | CA$26.87 | CA$16.32 | x |
| 2023-12-31 | CA$21.50 | CA$16.32 | x |
| 2024-12-31 | CA$19.68 | CA$16.32 | x |
| 2025-12-31 | CA$18.16 | CA$16.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BSR 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): -10.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -43.49%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.43x
- Recent ROE (-10.99%) is below the historical average (10.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 12.25% | 26.82% | 0.12x | 3.69x | CA$3.53 Million |
| 2016 | 19.82% | 56.69% | 0.11x | 3.08x | CA$21.32 Million |
| 2017 | 21.60% | 73.79% | 0.10x | 2.86x | CA$34.39 Million |
| 2018 | 49.89% | 224.67% | 0.07x | 3.36x | CA$115.10 Million |
| 2019 | -18.67% | -47.65% | 0.10x | 3.94x | CA$-81.71 Million |
| 2020 | 8.65% | 24.34% | 0.10x | 3.49x | CA$-4.29 Million |
| 2021 | 42.49% | 236.84% | 0.06x | 2.92x | CA$216.56 Million |
| 2022 | 23.29% | 143.35% | 0.08x | 2.11x | CA$129.66 Million |
| 2023 | -29.60% | -125.67% | 0.09x | 2.56x | CA$-282.11 Million |
| 2024 | -6.12% | -23.86% | 0.09x | 2.71x | CA$-106.00 Million |
| 2025 | -10.99% | -43.49% | 0.10x | 2.43x | CA$-121.92 Million |
Industry Comparison
This section compares BSR 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: $1,051,800,353
- Average return on equity (ROE) among peers: 7.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BSR Real Estate Investment Trust (HOM-UN) | CA$580.90 Million | 12.25% | 1.43x | $115.49K |
| Boardwalk Real Estate Investment Trust (BEI-UN) | $3.21 Billion | 0.90% | 0.82x | $2.34 Billion |
| Canadian Apartment Properties Real Estate Investment Trust (CAR-UN) | $4.16 Billion | 10.57% | 0.90x | $4.06 Billion |
| European Residential Real Estate Investment Trust (ERE-UN) | $41.27 Million | 12.80% | 1.35x | $79.47 Million |
| InterRent Real Estate Investment Trust (IIP-UN) | $69.70 Million | -10.04% | 2.94x | $1.33 Billion |
| Killam Apartment Real Estate Investment Trust (KMP-UN) | $8.53 Million | 0.98% | 1.36x | $1.50 Billion |
| Lanesborough Real Estate Investment Trust (LRT-UN) | $-165.30 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) | $258.25 Million | 19.12% | 3.67x | $463.75 Million |
| Morguard North American Residential Real Estate Investment Trust (MRG-UN) | $1.56 Billion | 15.50% | 1.22x | $424.29 Million |
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States. BSR Real Estate Investment Trust was incorporated in the province of Ontario.