Northview Residential REIT
Northview Residential REIT is a real estate investment trust amended and restated most recently on August 21, 2023. Northview's primary purpose is to acquire, own, and operate a portfolio of income-producing rental properties in secondary markets within Canada. Northview was established under the laws of the province of Ontario. The head and registered office of Northview is located at Suite 200,… Read more
Northview Residential REIT (NRR-UN) - Net Assets
Latest net assets as of September 2025: CA$810.41 Million CAD
Based on the latest financial reports, Northview Residential REIT (NRR-UN) has net assets worth CA$810.41 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$2.63 Billion) and total liabilities (CA$1.82 Billion). 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$810.41 Million |
| % of Total Assets | 30.81% |
| Annual Growth Rate | 0.22% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 30.5 |
Northview Residential REIT - Net Assets Trend (2019–2024)
This chart illustrates how Northview Residential REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Northview Residential REIT (2019–2024)
The table below shows the annual net assets of Northview Residential REIT from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$806.48 Million | -2.84% |
| 2023-12-31 | CA$830.05 Million | +46.64% |
| 2022-12-31 | CA$566.03 Million | +14.27% |
| 2021-12-31 | CA$495.35 Million | -37.89% |
| 2019-12-31 | CA$797.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northview Residential REIT'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$806.48 Million | 100.00% |
| Total Equity | CA$806.48 Million | 100.00% |
Northview Residential REIT Competitors by Market Cap
The table below lists competitors of Northview Residential REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FORD MOTOR (FMC1.SG)
STU:FMC1
|
$105.08K |
|
The Social Chain AG
F:PU11
|
$105.12K |
|
ESCALADE
BE:ED9
|
$105.18K |
|
EFFECTEN SPIEGEL VZ
MU:EFS3
|
$105.21K |
|
BioLine RX Ltd
TA:BLRX
|
$104.99K |
|
MAJ DRILL GRP INTL
MU:3MJ
|
$104.97K |
|
SKY PER JSAT HLDGS
BE:SKM
|
$104.93K |
|
AB Effectenbeteiligungen AG
STU:JPH
|
$104.87K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northview Residential REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 828,891,000 to 806,475,000, a change of -22,416,000 (-2.7%).
- Net income of 13,324,000 contributed positively to equity growth.
- Dividend payments of 39,437,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$13.32 Million | +1.65% |
| Dividends Paid | CA$39.44 Million | -4.89% |
| Other Changes | CA$3.70 Million | +0.46% |
| Total Change | CA$- | -2.70% |
Book Value vs Market Value Analysis
This analysis compares Northview Residential REIT'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: 0.75x
- 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 |
|---|---|---|---|
| 2019-12-31 | CA$22.09 | CA$16.71 | x |
| 2021-12-31 | CA$13.71 | CA$16.71 | x |
| 2022-12-31 | CA$15.67 | CA$16.71 | x |
| 2023-12-31 | CA$22.99 | CA$16.71 | x |
| 2024-12-31 | CA$22.37 | CA$16.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northview Residential REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.83%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 3.32x
- Recent ROE (1.65%) is below the historical average (5.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -2.86% | -11.68% | 0.12x | 2.11x | CA$-102.43 Million |
| 2021 | -4.32% | -11.12% | 0.10x | 3.75x | CA$-70.81 Million |
| 2022 | 12.47% | 35.53% | 0.10x | 3.46x | CA$13.94 Million |
| 2023 | 19.67% | 71.36% | 0.08x | 3.32x | CA$80.14 Million |
| 2024 | 1.65% | 4.83% | 0.10x | 3.32x | CA$-67.32 Million |
Industry Comparison
This section compares Northview Residential REIT's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $363,965,724
- Average return on equity (ROE) among peers: -3.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northview Residential REIT (NRR-UN) | CA$810.41 Million | -2.86% | 2.25x | $105.04K |
| European Residential Real Estate Investment Trust (ERE-UN) | $550.15 Million | 21.16% | 2.52x | $65.52 Million |
| GO Residential Real Estate Investment Trust (GO-U) | $698.60 Million | 90.01% | 2.72x | $65.94K |
| Killam Apartment Real Estate Investment Trust (KMP-UN) | $193.88 Million | -2.79% | 2.73x | $1.36 Billion |
| Lanesborough Real Estate Investment Trust (LRT-UN) | $-83.15 Million | 0.00% | 0.00x | $2.35 Million |
| Marwest Apartment Real Estate Investment Trust (MAR-UN) | $456.59K | -22.38% | 0.03x | $4.09 Million |
| Minto Apartment Real Estate Investment Trust (MI-UN) | $1.08 Billion | -10.83% | 1.51x | $421.67 Million |
| Starlight U.S. Residential Fund (Multi-Family) Investment LP (SURF-UN) | $110.44 Million | -96.25% | 4.21x | $1.06K |