Melcor Real Estate Investment Trust
Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties with exposure to high growth western Canadian markets. As at December 31, 2023 its portfolio was made up of interests in 38 properties representing approximately 3.15 million square feet of gross leasable area … Read more
Melcor Real Estate Investment Trust (MR-UN) - Net Assets
Latest net assets as of December 2024: CA$168.17 Million CAD
Based on the latest financial reports, Melcor Real Estate Investment Trust (MR-UN) has net assets worth CA$168.17 Million CAD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$662.88 Million) and total liabilities (CA$494.70 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$168.17 Million |
| % of Total Assets | 25.37% |
| Annual Growth Rate | -0.01% |
| 5-Year Change | -10.74% |
| 10-Year Change | -15.47% |
| Growth Volatility | 14.63 |
Melcor Real Estate Investment Trust - Net Assets Trend (2012–2024)
This chart illustrates how Melcor 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 Melcor Real Estate Investment Trust (2012–2024)
The table below shows the annual net assets of Melcor Real Estate Investment Trust from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$168.17 Million | -15.61% |
| 2023-12-31 | CA$199.29 Million | +5.33% |
| 2022-12-31 | CA$189.20 Million | +14.09% |
| 2021-12-31 | CA$165.83 Million | -11.98% |
| 2020-12-31 | CA$188.41 Million | -0.17% |
| 2019-12-31 | CA$188.72 Million | -4.86% |
| 2018-12-31 | CA$198.36 Million | +14.36% |
| 2017-12-31 | CA$173.45 Million | -3.77% |
| 2016-12-31 | CA$180.25 Million | -9.40% |
| 2015-12-31 | CA$198.95 Million | +19.52% |
| 2014-12-31 | CA$166.46 Million | +27.44% |
| 2013-12-31 | CA$130.62 Million | -22.40% |
| 2012-12-31 | CA$168.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Melcor 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 995800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$9.96 Million | 5.92% |
| Other Components | CA$158.22 Million | 94.08% |
| Total Equity | CA$168.17 Million | 100.00% |
Melcor Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Melcor Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ABITARE IN S.P.A.
F:1BN
|
$35.04 Million |
|
Chenghe Acquisition II Co.
NYSE MKT:CHEB
|
$35.04 Million |
|
Nykode Therapeutics AS
PINK:VACBF
|
$35.04 Million |
|
Groundhog Inc.
TW:6906
|
$35.05 Million |
|
Daesung Hi-Tech Co. Ltd.
KQ:129920
|
$35.03 Million |
|
Alvotech Warrant
NASDAQ:ALVOW
|
$35.01 Million |
|
Prestige Biologics Co. Ltd.
KQ:334970
|
$35.01 Million |
|
MAGELLANIC CLOUD LTD
NSE:MCLOUD
|
$35.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Melcor Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 199,288,000 to 168,173,000, a change of -31,115,000 (-15.6%).
- Net loss of 30,597,000 reduced equity.
- Dividend payments of 518,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-30.60 Million | -18.19% |
| Dividends Paid | CA$518.00K | -0.31% |
| Total Change | CA$- | -15.61% |
Book Value vs Market Value Analysis
This analysis compares Melcor 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: 0.42x
- 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 0.30x to 0.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CA$18.44 | CA$5.49 | x |
| 2013-12-31 | CA$7.01 | CA$5.49 | x |
| 2014-12-31 | CA$7.98 | CA$5.49 | x |
| 2015-12-31 | CA$6.96 | CA$5.49 | x |
| 2016-12-31 | CA$6.33 | CA$5.49 | x |
| 2017-12-31 | CA$6.07 | CA$5.49 | x |
| 2018-12-31 | CA$7.08 | CA$5.49 | x |
| 2019-12-31 | CA$14.34 | CA$5.49 | x |
| 2020-12-31 | CA$6.45 | CA$5.49 | x |
| 2021-12-31 | CA$12.77 | CA$5.49 | x |
| 2022-12-31 | CA$6.50 | CA$5.49 | x |
| 2023-12-31 | CA$6.85 | CA$5.49 | x |
| 2024-12-31 | CA$12.97 | CA$5.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Melcor 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): -18.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -42.30%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.94x
- Recent ROE (-18.19%) is below the historical average (5.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 21.08% | 94.68% | 0.09x | 2.36x | CA$18.66 Million |
| 2013 | 48.02% | 159.49% | 0.09x | 3.48x | CA$49.66 Million |
| 2014 | 11.02% | 41.22% | 0.07x | 3.95x | CA$1.70 Million |
| 2015 | 20.64% | 62.72% | 0.10x | 3.35x | CA$21.18 Million |
| 2016 | -6.20% | -16.92% | 0.10x | 3.68x | CA$-29.20 Million |
| 2017 | 0.42% | 1.10% | 0.10x | 3.90x | CA$-16.61 Million |
| 2018 | 8.88% | 25.10% | 0.10x | 3.58x | CA$-2.23 Million |
| 2019 | -1.54% | -4.07% | 0.09x | 4.15x | CA$-21.77 Million |
| 2020 | -29.68% | -74.99% | 0.10x | 3.85x | CA$-74.76 Million |
| 2021 | -1.02% | -2.28% | 0.10x | 4.44x | CA$-18.27 Million |
| 2022 | 15.65% | 39.96% | 0.10x | 3.86x | CA$10.69 Million |
| 2023 | 8.19% | 22.07% | 0.11x | 3.52x | CA$-3.62 Million |
| 2024 | -18.19% | -42.30% | 0.11x | 3.94x | CA$-47.41 Million |
Industry Comparison
This section compares Melcor Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,441,963,667
- Average return on equity (ROE) among peers: 5.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Melcor Real Estate Investment Trust (MR-UN) | CA$168.17 Million | 21.08% | 2.94x | $35.04 Million |
| Artis Real Estate Investment Trust (AX-UN) | $2.05 Billion | 16.60% | 1.14x | $592.67 Million |
| Dream Impact Trust (MPCT-UN) | $695.06 Million | 2.72% | 0.44x | $11.01K |
| RFA Financial Inc. (RFA) | $1.58 Billion | -3.00% | 0.77x | $144.17K |