InterRent Real Estate Investment Trust (IIP-UN) - Net Assets
Based on the latest financial reports, InterRent Real Estate Investment Trust (IIP-UN) has net assets worth CA$2.27 Billion CAD (≈ $1.64 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.16 Billion ≈ $3.01 Billion USD) and total liabilities (CA$1.89 Billion ≈ $1.37 Billion 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 InterRent Real Estate Investment Trust liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.27 Billion |
| % of Total Assets | 54.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | 15.75% |
| 10-Year Change | 372.41% |
| Growth Volatility | 56.86 |
InterRent Real Estate Investment Trust - Net Assets Trend (1998–2024)
This chart illustrates how InterRent Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore InterRent Real Estate Investment Trust total assets for the complete picture of this company's asset base.
Annual Net Assets for InterRent Real Estate Investment Trust (1998–2024)
The table below shows the annual net assets of InterRent Real Estate Investment Trust from 1998 to 2024. For live valuation and market cap data, see InterRent Real Estate Investment Trust stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$2.39 Billion ≈ $1.73 Billion |
-6.95% |
| 2023-12-31 | CA$2.57 Billion ≈ $1.86 Billion |
+3.04% |
| 2022-12-31 | CA$2.50 Billion ≈ $1.81 Billion |
+3.20% |
| 2021-12-31 | CA$2.42 Billion ≈ $1.75 Billion |
+16.98% |
| 2020-12-31 | CA$2.07 Billion ≈ $1.50 Billion |
+20.14% |
| 2019-12-31 | CA$1.72 Billion ≈ $1.25 Billion |
+48.09% |
| 2018-12-31 | CA$1.16 Billion ≈ $841.14 Million |
+44.61% |
| 2017-12-31 | CA$804.10 Million ≈ $581.67 Million |
+49.86% |
| 2016-12-31 | CA$536.55 Million ≈ $388.13 Million |
+5.85% |
| 2015-12-31 | CA$506.90 Million ≈ $366.69 Million |
+28.75% |
| 2014-12-31 | CA$393.70 Million ≈ $284.80 Million |
+4.57% |
| 2013-12-31 | CA$376.51 Million ≈ $272.36 Million |
+36.45% |
| 2012-12-31 | CA$275.92 Million ≈ $199.60 Million |
+40.64% |
| 2011-12-31 | CA$196.19 Million ≈ $141.92 Million |
+181.47% |
| 2010-12-31 | CA$69.70 Million ≈ $50.42 Million |
-5.86% |
| 2009-12-31 | CA$74.04 Million ≈ $53.56 Million |
+0.87% |
| 2008-12-31 | CA$73.40 Million ≈ $53.10 Million |
-5.08% |
| 2007-12-31 | CA$77.33 Million ≈ $55.94 Million |
+153.08% |
| 2006-12-31 | CA$30.55 Million ≈ $22.10 Million |
+163.27% |
| 2005-12-31 | CA$11.61 Million ≈ $8.40 Million |
+167.03% |
| 2004-12-31 | CA$4.35 Million ≈ $3.14 Million |
+49.32% |
| 2003-12-31 | CA$2.91 Million ≈ $2.11 Million |
+3.18% |
| 2002-12-31 | CA$2.82 Million ≈ $2.04 Million |
+16.38% |
| 2001-12-31 | CA$2.42 Million ≈ $1.75 Million |
+58.37% |
| 2000-12-31 | CA$1.53 Million ≈ $1.11 Million |
+71.21% |
| 1999-12-31 | CA$893.96K ≈ $646.68K |
+1044.66% |
| 1998-12-31 | CA$-94.63K ≈ $-68.46K |
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Equity Component Analysis
This analysis shows how different components contribute to InterRent 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 127325263300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.27 Billion | 53.17% |
| Common Stock | CA$1.12 Billion | 46.83% |
| Total Equity | CA$2.39 Billion | 100.00% |
InterRent Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of InterRent Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Shihua New Material Technology Co Ltd
SHG:688093
|
$1.33 Billion |
|
Willis Lease Finance Corporation
NASDAQ:WLFC
|
$1.33 Billion |
|
Guangdong Lyric Robot Automation Co Ltd
SHG:688499
|
$1.34 Billion |
|
Wuxi Longsheng Technology Co Ltd
SHE:300680
|
$1.34 Billion |
|
Welspun Living Limited
NSE:WELSPUNLIV
|
$1.33 Billion |
|
Taiwan FamilyMart Co Ltd
TWO:5903
|
$1.33 Billion |
|
Nanjing Xinjiekou Department Store Co Ltd
SHG:600682
|
$1.33 Billion |
|
Rizhao Port Co Ltd
SHG:600017
|
$1.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in InterRent Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,573,381,000 to 2,394,637,000, a change of -178,744,000 (-6.9%).
- Net loss of 155,646,000 reduced equity.
- Dividend payments of 36,207,000 reduced retained earnings.
- Share repurchases of 14,400,000 reduced equity.
- New share issuances of 237,000 increased equity.
- Other factors increased equity by 27,272,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-155.65 Million | -6.5% |
| Dividends Paid | CA$36.21 Million | -1.51% |
| Share Repurchases | CA$14.40 Million | -0.6% |
| Share Issuances | CA$237.00K | +0.01% |
| Other Changes | CA$27.27 Million | +1.14% |
| Total Change | CA$- | -6.95% |
Book Value vs Market Value Analysis
This analysis compares InterRent 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: 0.81x
- 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 |
|---|---|---|---|
| 1998-12-31 | CA$-1.77 | CA$13.18 | x |
| 1999-12-31 | CA$16.67 | CA$13.18 | x |
| 2000-12-31 | CA$28.55 | CA$13.18 | x |
| 2001-12-31 | CA$45.21 | CA$13.18 | x |
| 2002-12-31 | CA$2.42 | CA$13.18 | x |
| 2003-12-31 | CA$4.44 | CA$13.18 | x |
| 2004-12-31 | CA$5.18 | CA$13.18 | x |
| 2005-12-31 | CA$5.04 | CA$13.18 | x |
| 2006-12-31 | CA$5.04 | CA$13.18 | x |
| 2007-12-31 | CA$5.16 | CA$13.18 | x |
| 2008-12-31 | CA$4.04 | CA$13.18 | x |
| 2009-12-31 | CA$3.39 | CA$13.18 | x |
| 2010-12-31 | CA$2.16 | CA$13.18 | x |
| 2011-12-31 | CA$4.51 | CA$13.18 | x |
| 2012-12-31 | CA$6.24 | CA$13.18 | x |
| 2013-12-31 | CA$6.58 | CA$13.18 | x |
| 2014-12-31 | CA$6.77 | CA$13.18 | x |
| 2015-12-31 | CA$7.13 | CA$13.18 | x |
| 2016-12-31 | CA$7.44 | CA$13.18 | x |
| 2017-12-31 | CA$9.58 | CA$13.18 | x |
| 2018-12-31 | CA$10.97 | CA$13.18 | x |
| 2019-12-31 | CA$14.66 | CA$13.18 | x |
| 2020-12-31 | CA$15.33 | CA$13.18 | x |
| 2021-12-31 | CA$16.95 | CA$13.18 | x |
| 2022-12-31 | CA$17.28 | CA$13.18 | x |
| 2023-12-31 | CA$17.60 | CA$13.18 | x |
| 2024-12-31 | CA$16.23 | CA$13.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently InterRent Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -63.21%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.75x
- Recent ROE (-6.50%) is below the historical average (3.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 0.00% | -184.32% | 0.07x | 0.00x | CA$-100.17K |
| 1999 | -12.69% | -58.10% | 0.10x | 2.23x | CA$-202.80K |
| 2000 | -12.38% | -37.85% | 0.10x | 3.21x | CA$-342.61K |
| 2001 | -2.91% | -7.81% | 0.13x | 2.94x | CA$-312.80K |
| 2002 | 6.08% | 15.06% | 0.14x | 2.84x | CA$-110.59K |
| 2003 | -7.57% | -16.94% | 0.12x | 3.73x | CA$-511.36K |
| 2004 | -0.97% | -2.20% | 0.11x | 4.11x | CA$-476.84K |
| 2005 | -6.87% | -21.50% | 0.08x | 3.79x | CA$-1.96 Million |
| 2006 | -1.05% | -33.56% | 0.01x | 3.62x | CA$-3.38 Million |
| 2007 | -6.13% | -17.56% | 0.10x | 3.45x | CA$-12.47 Million |
| 2008 | -12.38% | -26.79% | 0.13x | 3.59x | CA$-16.43 Million |
| 2009 | -13.61% | -28.45% | 0.13x | 3.57x | CA$-17.48 Million |
| 2010 | -10.04% | -21.92% | 0.12x | 3.94x | CA$-13.97 Million |
| 2011 | 20.02% | 102.08% | 0.09x | 2.07x | CA$19.65 Million |
| 2012 | 29.91% | 173.65% | 0.08x | 2.03x | CA$54.94 Million |
| 2013 | 8.04% | 50.01% | 0.08x | 2.06x | CA$-7.39 Million |
| 2014 | 6.09% | 36.67% | 0.07x | 2.34x | CA$-15.39 Million |
| 2015 | 9.83% | 60.02% | 0.07x | 2.43x | CA$-886.20K |
| 2016 | 7.20% | 39.62% | 0.07x | 2.46x | CA$-15.04 Million |
| 2017 | 24.99% | 184.38% | 0.07x | 2.06x | CA$120.57 Million |
| 2018 | 14.47% | 132.22% | 0.06x | 1.82x | CA$52.02 Million |
| 2019 | 22.35% | 264.89% | 0.05x | 1.62x | CA$212.70 Million |
| 2020 | 7.28% | 94.18% | 0.05x | 1.55x | CA$-56.23 Million |
| 2021 | 15.28% | 199.67% | 0.04x | 1.70x | CA$127.69 Million |
| 2022 | 4.16% | 48.04% | 0.05x | 1.73x | CA$-145.78 Million |
| 2023 | 3.58% | 38.90% | 0.05x | 1.72x | CA$-165.10 Million |
| 2024 | -6.50% | -63.21% | 0.06x | 1.75x | CA$-395.11 Million |
Industry Comparison
This section compares InterRent 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: $1,701,596,219
- Average return on equity (ROE) among peers: 6.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| InterRent Real Estate Investment Trust (IIP-UN) | CA$2.27 Billion | 0.00% | 0.83x | $1.33 Billion |
| 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 |
| European Residential Real Estate Investment Trust (ERE-UN) | $3.35 Million | -1.83% | 0.09x | $79.47 Million |
| BSR Real Estate Investment Trust (HOM-UN) | $657.60 Million | -6.12% | 1.71x | $114.41K |
| 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 InterRent Real Estate Investment Trust
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mas… Read more