Ravelin Properties REIT (RPR-UN) - Net Assets
Based on the latest financial reports, Ravelin Properties REIT (RPR-UN) has net assets worth CA$31.11 Million CAD (≈ $22.51 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$1.25 Billion ≈ $901.91 Million USD) and total liabilities (CA$1.22 Billion ≈ $879.40 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 how resilient are Ravelin Properties REIT's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$31.11 Million |
| % of Total Assets | 2.5% |
| Annual Growth Rate | -0.55% |
| 5-Year Change | -90.11% |
| 10-Year Change | -76.28% |
| Growth Volatility | 41.31 |
Ravelin Properties REIT - Net Assets Trend (2012–2024)
This chart illustrates how Ravelin Properties REIT's net assets have evolved over time, based on quarterly financial data. Also explore Ravelin Properties REIT balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Ravelin Properties REIT (2012–2024)
The table below shows the annual net assets of Ravelin Properties REIT from 2012 to 2024. For live valuation and market cap data, see RPR-UN market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$59.81 Million ≈ $43.27 Million |
-88.39% |
| 2023-12-31 | CA$515.37 Million ≈ $372.81 Million |
-20.02% |
| 2022-12-31 | CA$644.37 Million ≈ $466.12 Million |
+3.60% |
| 2021-12-31 | CA$621.97 Million ≈ $449.92 Million |
+2.85% |
| 2020-12-31 | CA$604.74 Million ≈ $437.46 Million |
-3.60% |
| 2019-12-31 | CA$627.30 Million ≈ $453.78 Million |
+2.59% |
| 2018-12-31 | CA$611.45 Million ≈ $442.31 Million |
+26.19% |
| 2017-12-31 | CA$484.55 Million ≈ $350.51 Million |
+40.16% |
| 2016-12-31 | CA$345.71 Million ≈ $250.08 Million |
+37.10% |
| 2015-12-31 | CA$252.16 Million ≈ $182.41 Million |
+79.99% |
| 2014-12-31 | CA$140.09 Million ≈ $101.34 Million |
+41.30% |
| 2013-12-31 | CA$99.15 Million ≈ $71.72 Million |
+55.25% |
| 2012-12-31 | CA$63.86 Million ≈ $46.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ravelin Properties 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 4384.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$588.90 Million | 984.61% |
| Total Equity | CA$59.81 Million | 100.00% |
Ravelin Properties REIT Competitors by Market Cap
The table below lists competitors of Ravelin Properties REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FINTECH S.A. ZY 5
F:9DZ
|
$1.46 Million |
|
Solid Clouds hf
IC:SOLID
|
$1.46 Million |
|
Impax Asset Management Group Plc
LSE:IPX
|
$1.46 Million |
|
Conduit Capital Ltd
JSE:CND
|
$1.46 Million |
|
Alturas Minerals Corp
V:ALT
|
$1.46 Million |
|
Crown Place VCT PLC
LSE:CRWN
|
$1.45 Million |
|
Eagle Eye Solutions Group plc
LSE:EYE
|
$1.45 Million |
|
Alps Industries Limited
NSE:ALPSINDUS
|
$1.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ravelin Properties REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 515,370,000 to 59,810,000, a change of -455,560,000 (-88.4%).
- Net loss of 457,953,000 reduced equity.
- Other comprehensive income decreased equity by 2,858,000.
- Other factors increased equity by 5,251,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-457.95 Million | -765.68% |
| Other Comprehensive Income | CA$-2.86 Million | -4.78% |
| Other Changes | CA$5.25 Million | +8.78% |
| Total Change | CA$- | -88.39% |
Book Value vs Market Value Analysis
This analysis compares Ravelin Properties 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: 0.03x
- 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 |
|---|---|---|---|
| 2012-12-31 | CA$7.12 | CA$0.03 | x |
| 2013-12-31 | CA$11.05 | CA$0.03 | x |
| 2014-12-31 | CA$8.17 | CA$0.03 | x |
| 2015-12-31 | CA$9.05 | CA$0.03 | x |
| 2016-12-31 | CA$8.72 | CA$0.03 | x |
| 2017-12-31 | CA$8.48 | CA$0.03 | x |
| 2018-12-31 | CA$8.47 | CA$0.03 | x |
| 2019-12-31 | CA$8.48 | CA$0.03 | x |
| 2020-12-31 | CA$8.26 | CA$0.03 | x |
| 2021-12-31 | CA$8.49 | CA$0.03 | x |
| 2022-12-31 | CA$7.66 | CA$0.03 | x |
| 2023-12-31 | CA$6.44 | CA$0.03 | x |
| 2024-12-31 | CA$0.74 | CA$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ravelin Properties 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): -765.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -232.51%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 20.56x
- Recent ROE (-765.68%) is below the historical average (-49.93%), 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 | 58.00% | 5276.92% | 0.00x | 3.18x | CA$30.66 Million |
| 2013 | 14.34% | 49.92% | 0.10x | 2.74x | CA$4.30 Million |
| 2014 | 2.04% | 8.65% | 0.07x | 3.40x | CA$-11.15 Million |
| 2015 | 11.28% | 32.48% | 0.11x | 3.22x | CA$3.22 Million |
| 2016 | 12.98% | 36.73% | 0.12x | 2.97x | CA$10.31 Million |
| 2017 | 11.34% | 36.11% | 0.11x | 2.82x | CA$6.48 Million |
| 2018 | 11.39% | 33.17% | 0.11x | 3.05x | CA$8.49 Million |
| 2019 | 10.24% | 29.80% | 0.13x | 2.73x | CA$1.50 Million |
| 2020 | 1.11% | 3.66% | 0.11x | 2.78x | CA$-53.75 Million |
| 2021 | 8.57% | 30.87% | 0.10x | 2.91x | CA$-8.90 Million |
| 2022 | -2.81% | -9.21% | 0.11x | 2.90x | CA$-82.54 Million |
| 2023 | -21.95% | -57.24% | 0.11x | 3.39x | CA$-164.65 Million |
| 2024 | -765.68% | -232.51% | 0.16x | 20.56x | CA$-463.93 Million |
Industry Comparison
This section compares Ravelin Properties REIT's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,427,478,200
- Average return on equity (ROE) among peers: -20.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ravelin Properties REIT (RPR-UN) | CA$31.11 Million | 58.00% | 39.07x | $1.46 Million |
| Allied Properties Real Estate Investment Trust (AP-UN) | $4.02 Billion | -33.05% | 1.31x | $901.55 Million |
| BTB Real Estate Investment Trust (BTB-UN) | $49.26 Million | -12.13% | 4.80x | $248.39 Million |
| Dream Office Real Estate Investment Trust (D-UN) | $2.37 Billion | -37.09% | 1.31x | $200.01 Million |
| Inovalis Real Estate Investment Trust (INO-UN) | $247.37 Million | -12.00% | 0.96x | $20.45 Million |
| True North Commercial Real Estate Investment Trust (TNT-UN) | $452.80 Million | -8.97% | 1.92x | $84.24 Million |
About Ravelin Properties REIT
The REIT owns and operates a portfolio of well-located commercial real estate assets in North America and Europe. The majority of the REIT's portfolio is comprised of government and high-quality credit tenants.