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$190.44 Million CAD 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) and total liabilities (CA$230.82 Million). 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.
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. Explore and compare other companies by net assets.
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.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$182.10 Million | -26.38% |
| 2023-12-31 | CA$247.37 Million | -14.16% |
| 2022-12-31 | CA$288.18 Million | -16.73% |
| 2021-12-31 | CA$346.08 Million | -8.12% |
| 2020-12-31 | CA$376.66 Million | +13.06% |
| 2019-12-31 | CA$333.14 Million | +14.06% |
| 2018-12-31 | CA$292.08 Million | +10.10% |
| 2017-12-31 | CA$265.28 Million | +10.01% |
| 2016-12-31 | CA$241.13 Million | +25.82% |
| 2015-12-31 | CA$191.65 Million | +21.59% |
| 2014-12-31 | CA$157.62 Million | +28.14% |
| 2013-12-31 | CA$123.00 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 |
|---|---|
|
Law Debenture Corp
LSE:LWDB
|
$19.26 Million |
|
Xos Inc
NASDAQ:XOS
|
$19.27 Million |
|
TryHard Holdings Limited Ordinary Shares
NASDAQ:THH
|
$19.27 Million |
|
Fabrity Holding S.A.
WAR:FAB
|
$19.28 Million |
|
Semilux International Ltd. Ordinary Shares
NASDAQ:SELX
|
$19.25 Million |
|
Dpi Holdings Berhad
KLSE:0205
|
$19.25 Million |
|
New Age Metals Inc
V:NAM
|
$19.25 Million |
|
DigiCAP Co. Ltd
KQ:197140
|
$19.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Inovalis Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 246,418,000 to 182,038,000, a change of -64,380,000 (-26.1%).
- Net loss of 69,133,000 reduced equity.
- Other comprehensive income increased equity by 4,174,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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: $1,170,167,000
- Average return on equity (ROE) among peers: -12.07%
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) | $4.02 Billion | -33.05% | 1.31x | $1.01 Billion |
| BTB Real Estate Investment Trust (BTB-UN) | $46.74 Million | -5.95% | 3.76x | $257.32 Million |
| Ravelin Properties REIT (RPR-UN) | $515.37 Million | -21.95% | 2.39x | $1.46 Million |
| True North Commercial Real Estate Investment Trust (TNT-UN) | $102.36 Million | 12.68% | 2.11x | $85.40 Million |
About Inovalis Real Estate Investment Trust
Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 12 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by In… Read more