Marwest Apartment Real Estate Investment Trust
Marwest Apartment Real Estate Investment Trust is an unincorporated open-ended trust. The REIT was formed to provide Unitholders with the opportunity to invest in the Canadian multifamily rental sector through the ownership of high-quality income-producing properties, with an initial focus on stable markets throughout Western Canada. Marwest REIT's management team and Trustees have over 100 years… Read more
Marwest Apartment Real Estate Investment Trust (MAR-UN) - Net Assets
Latest net assets as of September 2025: CA$40.45 Million CAD
Based on the latest financial reports, Marwest Apartment Real Estate Investment Trust (MAR-UN) has net assets worth CA$40.45 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$150.23 Million) and total liabilities (CA$109.78 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$40.45 Million |
| % of Total Assets | 26.93% |
| Annual Growth Rate | 205.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1448.19 |
Marwest Apartment Real Estate Investment Trust - Net Assets Trend (2020–2024)
This chart illustrates how Marwest Apartment 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 Marwest Apartment Real Estate Investment Trust (2020–2024)
The table below shows the annual net assets of Marwest Apartment Real Estate Investment Trust from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$39.90 Million | +44.68% |
| 2023-12-31 | CA$27.58 Million | +45.04% |
| 2022-12-31 | CA$19.01 Million | +19.64% |
| 2021-12-31 | CA$15.89 Million | +3380.83% |
| 2020-12-31 | CA$456.59K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marwest Apartment 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 3304140000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$32.94 Million | 82.55% |
| Other Components | CA$6.96 Million | 17.45% |
| Total Equity | CA$39.90 Million | 100.00% |
Marwest Apartment Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Marwest Apartment Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Bersama Mencapai Puncak Tbk
JK:BAIK
|
$4.09 Million |
|
Integrated Logistics Bhd
KLSE:5614
|
$4.09 Million |
|
KZTA
F:KZTA
|
$4.09 Million |
|
Cohen Dev
TA:CDEV
|
$4.10 Million |
|
Promino Nutritional Sciences Inc
PINK:MUSLF
|
$4.09 Million |
|
Dror Ortho-Design Inc.
PINK:DROR
|
$4.09 Million |
|
REMAK SA
WAR:RMK
|
$4.08 Million |
|
Mon Courtier Energie Groupe SA
PA:ALMCE
|
$4.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marwest Apartment Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,578,331 to 39,901,132, a change of 12,322,801 (44.7%).
- Net income of 12,155,392 contributed positively to equity growth.
- Dividend payments of 136,080 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$12.16 Million | +30.46% |
| Dividends Paid | CA$136.08K | -0.34% |
| Other Changes | CA$303.49K | +0.76% |
| Total Change | CA$- | 44.68% |
Book Value vs Market Value Analysis
This analysis compares Marwest Apartment 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: 0.17x
- 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 2.96x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.25 | CA$0.75 | x |
| 2021-12-31 | CA$1.80 | CA$0.75 | x |
| 2022-12-31 | CA$2.19 | CA$0.75 | x |
| 2023-12-31 | CA$3.19 | CA$0.75 | x |
| 2024-12-31 | CA$4.41 | CA$0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marwest Apartment Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 117.49%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 3.76x
- Recent ROE (30.46%) is above the historical average (23.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -22.38% | 0.00% | 0.00x | 1.03x | CA$-147.86K |
| 2021 | 57.98% | 275.91% | 0.04x | 5.75x | CA$7.63 Million |
| 2022 | 17.89% | 47.43% | 0.05x | 6.93x | CA$1.50 Million |
| 2023 | 31.55% | 87.37% | 0.07x | 5.07x | CA$5.94 Million |
| 2024 | 30.46% | 117.49% | 0.07x | 3.76x | CA$8.17 Million |
Industry Comparison
This section compares Marwest Apartment Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $434,664,782
- Average return on equity (ROE) among peers: -0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marwest Apartment Real Estate Investment Trust (MAR-UN) | CA$40.45 Million | -22.38% | 2.71x | $4.09 Million |
| 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 |
| Minto Apartment Real Estate Investment Trust (MI-UN) | $1.08 Billion | -10.83% | 1.51x | $421.67 Million |
| Northview Residential REIT (NRR-UN) | $495.35 Million | -4.31% | 2.74x | $105.04K |
| Starlight U.S. Residential Fund (Multi-Family) Investment LP (SURF-UN) | $110.44 Million | -96.25% | 4.21x | $1.06K |