Inovalis Real Estate Investment Trust (INO-UN) - Net Assets

Latest as of September 2025: CA$190.44 Million CAD ≈ $137.76 Million USD

Based on the latest financial reports, Inovalis Real Estate Investment Trust (INO-UN) has net assets worth CA$190.44 Million CAD (≈ $137.76 Million 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$421.26 Million ≈ $304.74 Million USD) and total liabilities (CA$230.82 Million ≈ $166.98 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 Inovalis Real Estate Investment Trust tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$190.44 Million
% of Total Assets	45.21%
Annual Growth Rate	3.63%
5-Year Change	-51.65%
10-Year Change	-4.98%
Growth Volatility	17.68

Inovalis Real Estate Investment Trust - Net Assets Trend (2013–2024)

This chart illustrates how Inovalis Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Inovalis Real Estate Investment Trust to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Inovalis Real Estate Investment Trust (2013–2024)

The table below shows the annual net assets of Inovalis Real Estate Investment Trust from 2013 to 2024. For live valuation and market cap data, see market value of Inovalis Real Estate Investment Trust.

Year	Net Assets	Change
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	--

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 1323.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CA$296.21 Million	162.72%
Other Comprehensive Income	CA$15.67 Million	8.61%
Total Equity	CA$182.04 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
SPARK VC S.A. ZY 10 F:8N2	$19.25 Million
Vital Metals Ltd AU:VML	$19.29 Million
Talius Group Ltd. AU:TAL	$19.29 Million
TMK Energy Ltd AU:TMK	$19.30 Million
DAYTHREE DIGITAL BERHAD KLSE:0281	$19.25 Million
Aurora Mobile Ltd NASDAQ:JG	$19.21 Million
EL. D. Mouzakis S.A AT:MOYZK	$19.21 Million
Jeong Moon Information. Co. Ltd KQ:033050	$19.20 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 2023 to 2024, total equity changed from 246,418,000 to 182,038,000, a change of -64,380,000 (-26.1%).
Net loss of 69,133,000 reduced equity.
Other comprehensive income increased equity by 4,174,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-69.13 Million	-37.98%
Other Comprehensive Income	CA$4.17 Million	+2.29%
Other Changes	CA$579.00K	+0.32%
Total Change	CA$-	-26.13%

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: 0.14x
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
2013-12-31	CA$9.78	CA$0.80	x
2014-12-31	CA$11.75	CA$0.80	x
2015-12-31	CA$10.97	CA$0.80	x
2016-12-31	CA$11.84	CA$0.80	x
2017-12-31	CA$11.91	CA$0.80	x
2018-12-31	CA$12.40	CA$0.80	x
2019-12-31	CA$13.77	CA$0.80	x
2020-12-31	CA$12.86	CA$0.80	x
2021-12-31	CA$10.63	CA$0.80	x
2022-12-31	CA$8.78	CA$0.80	x
2023-12-31	CA$7.54	CA$0.80	x
2024-12-31	CA$5.58	CA$0.80	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): -37.98%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -286.75%
• Asset Turnover: 0.06x
• Equity Multiplier: 2.26x
Recent ROE (-37.98%) is below the historical average (2.24%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
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

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: $466,635,800
Average return on equity (ROE) among peers: 6.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Inovalis Real Estate Investment Trust (INO-UN)	CA$190.44 Million	14.13%	1.21x	$19.25 Million
Allied Properties Real Estate Investment Trust (AP-UN)	$289.87 Million	2.00%	1.79x	$1.34 Billion
BTB Real Estate Investment Trust (BTB-UN)	$477.65 Million	7.66%	1.57x	$245.19 Million
Dream Office Real Estate Investment Trust (D-UN)	$1.48 Billion	7.94%	0.97x	$213.71 Million
Ravelin Properties REIT (RPR-UN)	$99.15 Million	14.34%	1.74x	$1.46 Million
True North Commercial Real Estate Investment Trust (TNT-UN)	$-11.75 Million	0.00%	0.00x	$85.55 Million

About Inovalis Real Estate Investment Trust

TO:INO-UN Canada REIT - Office

Market Cap

$19.25 Million

CA$26.61 Million CAD

Market Cap Rank

#25259 Global

#989 in Canada

Share Price

CA$0.80

Change (1 day)

+1.27%

52-Week Range

CA$0.72 - CA$1.20

All Time High

CA$8.20