Inovalis Real Estate Investment Trust (INO-UN) - Net Assets
Based on the latest financial reports, Inovalis Real Estate Investment Trust (INO-UN) has net assets worth CA$141.08 Million CAD (≈ $102.06 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$329.38 Million ≈ $238.27 Million USD) and total liabilities (CA$188.30 Million ≈ $136.21 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 strategic asset allocation of Inovalis Real Estate Investment Trust to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$141.08 Million |
| % of Total Assets | 42.83% |
| Annual Growth Rate | 0.94% |
| 5-Year Change | -60.23% |
| 10-Year Change | -42.91% |
| Growth Volatility | 18.8 |
Inovalis Real Estate Investment Trust - Net Assets Trend (2013–2025)
This chart illustrates how Inovalis Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see INO-UN market cap.
Annual Net Assets for Inovalis Real Estate Investment Trust (2013–2025)
The table below shows the annual net assets of Inovalis Real Estate Investment Trust from 2013 to 2025. Also explore how fast is Inovalis Real Estate Investment Trust growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$137.65 Million ≈ $99.57 Million |
-24.41% |
| 2024-12-31 | CA$182.10 Million ≈ $131.73 Million |
-26.38% |
| 2023-12-31 | CA$247.37 Million ≈ $178.94 Million |
-14.16% |
| 2022-12-31 | CA$288.18 Million ≈ $208.46 Million |
-16.73% |
| 2021-12-31 | CA$346.08 Million ≈ $250.35 Million |
-8.12% |
| 2020-12-31 | CA$376.66 Million ≈ $272.47 Million |
+13.06% |
| 2019-12-31 | CA$333.14 Million ≈ $240.99 Million |
+14.06% |
| 2018-12-31 | CA$292.08 Million ≈ $211.29 Million |
+10.10% |
| 2017-12-31 | CA$265.28 Million ≈ $191.90 Million |
+10.01% |
| 2016-12-31 | CA$241.13 Million ≈ $174.43 Million |
+25.82% |
| 2015-12-31 | CA$191.65 Million ≈ $138.64 Million |
+21.59% |
| 2014-12-31 | CA$157.62 Million ≈ $114.02 Million |
+28.14% |
| 2013-12-31 | CA$123.00 Million ≈ $88.98 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Inovalis 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 1908.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$300.86 Million | 216.75% |
| Other Comprehensive Income | CA$29.86 Million | 21.51% |
| Other Components | CA$1.00 | 0.00% |
| Total Equity | CA$138.81 Million | 100.00% |
Inovalis Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Inovalis Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trailblazer Merger Corporation I Class A Common Stock
NASDAQ:TBMC
|
$17.96 Million |
|
Neometals Ltd
AU:NMT
|
$17.96 Million |
|
Roctool
PA:ALROC
|
$17.97 Million |
|
Hunesion Co.Ltd
KQ:290270
|
$17.98 Million |
|
Chemomab Therapeutics Ltd DRC
NASDAQ:CMMB
|
$17.95 Million |
|
Elspec
TA:ELSPC
|
$17.92 Million |
|
Bass Oil Ltd
AU:BAS
|
$17.92 Million |
|
A.S. Création Tapeten AG
F:ACWN
|
$17.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Inovalis Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 182,038,000 to 138,807,000, a change of -43,231,000 (-23.7%).
- Net loss of 55,974,000 reduced equity.
- Other comprehensive income increased equity by 14,189,999.
- Other factors decreased equity by 1,446,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-55.97 Million | -40.33% |
| Other Comprehensive Income | CA$14.19 Million | +10.22% |
| Other Changes | CA$-1.45 Million | -1.04% |
| Total Change | CA$- | -23.75% |
Book Value vs Market Value Analysis
This analysis compares Inovalis 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: 0.18x
- 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 increased from 0.08x to 0.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CA$9.78 | CA$0.74 | x |
| 2014-12-31 | CA$11.75 | CA$0.74 | x |
| 2015-12-31 | CA$10.97 | CA$0.74 | x |
| 2016-12-31 | CA$11.84 | CA$0.74 | x |
| 2017-12-31 | CA$11.91 | CA$0.74 | x |
| 2018-12-31 | CA$12.40 | CA$0.74 | x |
| 2019-12-31 | CA$13.77 | CA$0.74 | x |
| 2020-12-31 | CA$12.86 | CA$0.74 | x |
| 2021-12-31 | CA$10.63 | CA$0.74 | x |
| 2022-12-31 | CA$8.78 | CA$0.74 | x |
| 2023-12-31 | CA$7.54 | CA$0.74 | x |
| 2024-12-31 | CA$5.58 | CA$0.74 | x |
| 2025-12-31 | CA$4.18 | CA$0.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Inovalis 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): -40.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -249.95%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.62x
- Recent ROE (-40.33%) is below the historical average (-1.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 14.13% | 113.10% | 0.06x | 2.08x | CA$5.08 Million |
| 2014 | 10.50% | 70.77% | 0.06x | 2.38x | CA$783.30K |
| 2015 | 16.07% | 102.89% | 0.07x | 2.24x | CA$11.64 Million |
| 2016 | 9.66% | 74.82% | 0.06x | 2.12x | CA$-816.80K |
| 2017 | 7.23% | 58.64% | 0.06x | 2.18x | CA$-7.33 Million |
| 2018 | 7.60% | 66.15% | 0.05x | 2.12x | CA$-7.00 Million |
| 2019 | 10.98% | 107.40% | 0.05x | 2.14x | CA$3.25 Million |
| 2020 | 4.85% | 50.87% | 0.05x | 1.90x | CA$-19.33 Million |
| 2021 | 8.80% | 88.03% | 0.06x | 1.70x | CA$-4.15 Million |
| 2022 | -12.88% | -118.73% | 0.06x | 1.96x | CA$-65.67 Million |
| 2023 | -12.05% | -88.46% | 0.07x | 1.96x | CA$-54.33 Million |
| 2024 | -37.98% | -286.75% | 0.06x | 2.26x | CA$-87.34 Million |
| 2025 | -40.33% | -249.95% | 0.06x | 2.62x | CA$-69.85 Million |
Industry Comparison
This section compares Inovalis Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,796,834,400
- Average return on equity (ROE) among peers: 10.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Inovalis Real Estate Investment Trust (INO-UN) | CA$141.08 Million | 14.13% | 1.33x | $17.96 Million |
| Allied Properties Real Estate Investment Trust (AP-UN) | $6.18 Billion | 8.11% | 0.52x | $1.02 Billion |
| BTB Real Estate Investment Trust (BTB-UN) | $298.38 Million | 13.85% | 1.87x | $230.51 Million |
| Dream Office Real Estate Investment Trust (D-UN) | $1.50 Billion | 11.83% | 0.93x | $212.78 Million |
| Ravelin Properties REIT (RPR-UN) | $484.55 Million | 11.34% | 1.82x | $1.46 Million |
| True North Commercial Real Estate Investment Trust (TNT-UN) | $525.21 Million | 5.51% | 1.67x | $83.02 Million |
About Inovalis Real Estate Investment Trust
Inovalis Real Estate Investment Trust is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 10 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, a… Read more