Madison Pacific Properties Inc. (MPC) - Net Assets
Based on the latest financial reports, Madison Pacific Properties Inc. (MPC) has net assets worth CA$431.94 Million CAD (≈ $312.46 Million USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$850.60 Million ≈ $615.31 Million USD) and total liabilities (CA$418.66 Million ≈ $302.85 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 tangible net worth ratio of Madison Pacific Properties Inc. to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$431.94 Million |
| % of Total Assets | 50.78% |
| Annual Growth Rate | 9.87% |
| 5-Year Change | 6.01% |
| 10-Year Change | 64.48% |
| Growth Volatility | 18.28 |
Madison Pacific Properties Inc. - Net Assets Trend (1998–2025)
This chart illustrates how Madison Pacific Properties Inc.'s net assets have evolved over time, based on quarterly financial data. See how many days can Madison Pacific Properties Inc. fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Madison Pacific Properties Inc. (1998–2025)
The table below shows the annual net assets of Madison Pacific Properties Inc. from 1998 to 2025. For live valuation and market cap data, see Madison Pacific Properties Inc. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | CA$423.16 Million ≈ $306.10 Million |
-0.13% |
| 2024-08-31 | CA$423.71 Million ≈ $306.51 Million |
-10.90% |
| 2023-08-31 | CA$475.57 Million ≈ $344.02 Million |
+2.69% |
| 2022-08-31 | CA$463.11 Million ≈ $335.01 Million |
+16.02% |
| 2021-08-31 | CA$399.15 Million ≈ $288.74 Million |
+6.95% |
| 2020-08-31 | CA$373.22 Million ≈ $269.98 Million |
+5.83% |
| 2019-08-31 | CA$352.66 Million ≈ $255.11 Million |
+9.11% |
| 2018-08-31 | CA$323.23 Million ≈ $233.82 Million |
+13.11% |
| 2017-08-31 | CA$285.76 Million ≈ $206.71 Million |
+11.07% |
| 2016-08-31 | CA$257.27 Million ≈ $186.11 Million |
+22.03% |
| 2015-08-31 | CA$210.83 Million ≈ $152.51 Million |
+11.17% |
| 2014-08-31 | CA$189.64 Million ≈ $137.18 Million |
+10.87% |
| 2013-08-31 | CA$171.04 Million ≈ $123.73 Million |
+3.79% |
| 2012-08-31 | CA$164.80 Million ≈ $119.22 Million |
+5.81% |
| 2011-08-31 | CA$155.76 Million ≈ $112.67 Million |
+86.01% |
| 2010-08-31 | CA$83.74 Million ≈ $60.57 Million |
-0.91% |
| 2009-08-31 | CA$84.51 Million ≈ $61.13 Million |
+30.96% |
| 2008-08-31 | CA$64.53 Million ≈ $46.68 Million |
-3.71% |
| 2007-08-31 | CA$67.02 Million ≈ $48.48 Million |
-3.44% |
| 2006-08-31 | CA$69.41 Million ≈ $50.21 Million |
+20.70% |
| 2005-08-31 | CA$57.50 Million ≈ $41.60 Million |
+2.61% |
| 2004-08-31 | CA$56.04 Million ≈ $40.54 Million |
+0.62% |
| 2003-08-31 | CA$55.69 Million ≈ $40.29 Million |
-1.50% |
| 2002-08-31 | CA$56.54 Million ≈ $40.90 Million |
+6.86% |
| 2001-08-31 | CA$52.91 Million ≈ $38.28 Million |
-0.52% |
| 2000-08-31 | CA$53.19 Million ≈ $38.48 Million |
+40.93% |
| 1999-08-31 | CA$37.74 Million ≈ $27.30 Million |
+13.20% |
| 1998-08-31 | CA$33.34 Million ≈ $24.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Madison Pacific Properties Inc.'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 40952.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$333.76 Million | 82.11% |
| Common Stock | CA$72.72 Million | 17.89% |
| Total Equity | CA$406.47 Million | 100.00% |
Madison Pacific Properties Inc. Competitors by Market Cap
The table below lists competitors of Madison Pacific Properties Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Terranet AB
ST:TERRNT-B
|
$27.89 Million |
|
Radiant Globaltech Bhd
KLSE:0202
|
$27.89 Million |
|
Malmbergs Elektriska AB (publ)
ST:MEAB-B
|
$27.89 Million |
|
Simat Technologies Public Company Limited
BK:SIMAT
|
$27.90 Million |
|
Powercom Co Ltd
TW:3043
|
$27.87 Million |
|
Nord Insuretech Group AB
ST:NORDIG
|
$27.84 Million |
|
Bonasudden Holding AB
ST:BONAS
|
$27.84 Million |
|
Tondo Smart Ltd
TA:TNDO
|
$27.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Madison Pacific Properties Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 411,947,000 to 406,473,000, a change of -5,474,000 (-1.3%).
- Net income of 26,149,000 contributed positively to equity growth.
- Dividend payments of 26,461,000 reduced retained earnings.
- Other factors decreased equity by 5,162,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$26.15 Million | +6.43% |
| Dividends Paid | CA$26.46 Million | -6.51% |
| Other Changes | CA$-5.16 Million | -1.27% |
| Total Change | CA$- | -1.33% |
Book Value vs Market Value Analysis
This analysis compares Madison Pacific Properties Inc.'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: 0.77x
- 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 5.56x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-08-31 | CA$0.94 | CA$5.24 | x |
| 1999-08-31 | CA$1.00 | CA$5.24 | x |
| 2000-08-31 | CA$1.04 | CA$5.24 | x |
| 2001-08-31 | CA$1.04 | CA$5.24 | x |
| 2002-08-31 | CA$1.11 | CA$5.24 | x |
| 2003-08-31 | CA$1.09 | CA$5.24 | x |
| 2004-08-31 | CA$1.10 | CA$5.24 | x |
| 2005-08-31 | CA$1.13 | CA$5.24 | x |
| 2006-08-31 | CA$1.35 | CA$5.24 | x |
| 2007-08-31 | CA$1.23 | CA$5.24 | x |
| 2008-08-31 | CA$1.13 | CA$5.24 | x |
| 2009-08-31 | CA$1.48 | CA$5.24 | x |
| 2010-08-31 | CA$1.47 | CA$5.24 | x |
| 2011-08-31 | CA$2.71 | CA$5.24 | x |
| 2012-08-31 | CA$2.81 | CA$5.24 | x |
| 2013-08-31 | CA$2.91 | CA$5.24 | x |
| 2014-08-31 | CA$3.08 | CA$5.24 | x |
| 2015-08-31 | CA$3.46 | CA$5.24 | x |
| 2016-08-31 | CA$4.26 | CA$5.24 | x |
| 2017-08-31 | CA$4.72 | CA$5.24 | x |
| 2018-08-31 | CA$5.33 | CA$5.24 | x |
| 2019-08-31 | CA$5.82 | CA$5.24 | x |
| 2020-08-31 | CA$6.23 | CA$5.24 | x |
| 2021-08-31 | CA$6.62 | CA$5.24 | x |
| 2022-08-31 | CA$7.58 | CA$5.24 | x |
| 2023-08-31 | CA$7.78 | CA$5.24 | x |
| 2024-08-31 | CA$6.93 | CA$5.24 | x |
| 2025-08-31 | CA$6.84 | CA$5.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Madison Pacific Properties Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.06%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.07x
- Recent ROE (6.43%) is below the historical average (9.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -18.72% | -112.55% | 0.07x | 2.49x | CA$-9.58 Million |
| 1999 | 4.05% | 17.06% | 0.10x | 2.50x | CA$-2.25 Million |
| 2000 | 3.74% | 17.53% | 0.08x | 2.54x | CA$-3.33 Million |
| 2001 | 3.34% | 11.90% | 0.10x | 2.68x | CA$-3.52 Million |
| 2002 | 10.04% | 38.49% | 0.11x | 2.39x | CA$19.90K |
| 2003 | 3.07% | 11.90% | 0.10x | 2.51x | CA$-3.86 Million |
| 2004 | 5.18% | 18.82% | 0.10x | 2.74x | CA$-2.70 Million |
| 2005 | 6.99% | 21.31% | 0.11x | 2.91x | CA$-1.73 Million |
| 2006 | 25.88% | 94.86% | 0.10x | 2.69x | CA$11.02 Million |
| 2007 | 8.43% | 28.36% | 0.10x | 2.91x | CA$-1.05 Million |
| 2008 | 5.29% | 15.64% | 0.11x | 2.97x | CA$-3.03 Million |
| 2009 | 46.12% | 229.56% | 0.09x | 2.14x | CA$30.44 Million |
| 2010 | 6.11% | 27.88% | 0.09x | 2.34x | CA$-3.25 Million |
| 2011 | 18.63% | 153.16% | 0.06x | 1.89x | CA$13.42 Million |
| 2012 | 13.74% | 98.08% | 0.07x | 1.89x | CA$6.16 Million |
| 2013 | 7.00% | 50.58% | 0.07x | 1.95x | CA$-5.11 Million |
| 2014 | 8.57% | 51.20% | 0.08x | 2.19x | CA$-2.57 Million |
| 2015 | 13.90% | 92.69% | 0.07x | 2.15x | CA$7.89 Million |
| 2016 | 21.32% | 175.85% | 0.06x | 1.92x | CA$28.26 Million |
| 2017 | 19.15% | 174.34% | 0.06x | 1.87x | CA$25.32 Million |
| 2018 | 13.44% | 134.43% | 0.05x | 1.84x | CA$10.74 Million |
| 2019 | 10.19% | 111.68% | 0.05x | 1.84x | CA$644.10K |
| 2020 | 8.22% | 96.48% | 0.04x | 1.91x | CA$-6.51 Million |
| 2021 | 12.96% | 153.36% | 0.04x | 1.91x | CA$11.49 Million |
| 2022 | 14.06% | 169.30% | 0.04x | 1.87x | CA$18.27 Million |
| 2023 | 4.02% | 46.02% | 0.05x | 1.84x | CA$-27.65 Million |
| 2024 | -10.71% | -99.19% | 0.06x | 1.93x | CA$-85.32 Million |
| 2025 | 6.43% | 57.06% | 0.05x | 2.07x | CA$-14.50 Million |
Industry Comparison
This section compares Madison Pacific Properties Inc.'s net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $185,544,455
- Average return on equity (ROE) among peers: -10.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Madison Pacific Properties Inc. (MPC) | CA$431.94 Million | -18.72% | 0.97x | $27.88 Million |
| Altus Group Limited (AIF) | $589.36 Million | 4.36% | 1.03x | $1.18 Billion |
| Bridgemarq Real Estate Services Inc (BRE) | $-56.48 Million | 0.00% | 0.00x | $90.56 Million |
| Colliers International Group Inc Bats (CIGI) | $330.20 Million | -13.58% | 2.06x | $4.80 Billion |
| FirstService Corp (FSV) | $600.55 Million | -37.90% | 2.25x | $6.65 Billion |
| Gulf & Pacific Equities Corp (GUF) | $14.29 Million | -1.38% | 1.81x | $8.05 Million |
| Halmont Properties Corporation (HMT) | $40.98 Million | 5.46% | 0.17x | $60.72 Million |
| Imperial Equities Inc. (IEI) | $191.60K | -4.39% | 0.08x | $26.32 Million |
| Invesque Inc (IVQ) | $147.10 Million | -67.46% | 4.63x | $802.96 |
| Mainstreet Equity Corp. (MEQ) | $3.70 Million | 19.36% | 17.57x | $1.16 Billion |
About Madison Pacific Properties Inc.
Madison Pacific Properties Inc. invests in, develops, owns, and operates real estate properties in Canada. The company's property portfolio comprises industrial, commercial, multi family, retail and office rental properties. It also provides property management and leasing services, including tenant services and relationships, building operations, leasing, lease administration, property accountin… Read more