Canadian Net Real Estate Investment Trust (NET-UN) - Net Assets
Based on the latest financial reports, Canadian Net Real Estate Investment Trust (NET-UN) has net assets worth CA$135.99 Million CAD (≈ $98.37 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$316.82 Million ≈ $229.18 Million USD) and total liabilities (CA$180.83 Million ≈ $130.81 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 Canadian Net Real Estate Investment Trus (NET-UN) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$135.99 Million |
| % of Total Assets | 42.92% |
| Annual Growth Rate | 19.72% |
| 5-Year Change | 43.49% |
| 10-Year Change | N/A |
| Growth Volatility | 26.71 |
Canadian Net Real Estate Investment Trust - Net Assets Trend (2017–2024)
This chart illustrates how Canadian Net Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore Canadian Net Real Estate Investment Trus total assets for the complete picture of this company's asset base.
Annual Net Assets for Canadian Net Real Estate Investment Trust (2017–2024)
The table below shows the annual net assets of Canadian Net Real Estate Investment Trust from 2017 to 2024. For live valuation and market cap data, see Canadian Net Real Estate Investment Trus (NET-UN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$129.44 Million ≈ $93.64 Million |
-0.04% |
| 2023-12-31 | CA$129.49 Million ≈ $93.67 Million |
+9.10% |
| 2022-12-31 | CA$118.69 Million ≈ $85.86 Million |
-8.57% |
| 2021-12-31 | CA$129.81 Million ≈ $93.91 Million |
+43.91% |
| 2020-12-31 | CA$90.21 Million ≈ $65.25 Million |
+75.70% |
| 2019-12-31 | CA$51.34 Million ≈ $37.14 Million |
+21.40% |
| 2018-12-31 | CA$42.29 Million ≈ $30.59 Million |
+15.21% |
| 2017-12-31 | CA$36.71 Million ≈ $26.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Canadian Net 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 345.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$26.33 Million | 20.34% |
| Other Components | CA$103.11 Million | 79.66% |
| Total Equity | CA$129.44 Million | 100.00% |
Canadian Net Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Canadian Net Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Markforged Holding Corp
NYSE:MKFG
|
$98.34 Million |
|
Genovate Biotechnology Co Ltd
TWO:4130
|
$98.37 Million |
|
Ekter SA
AT:EKTER
|
$98.38 Million |
|
Agile Group Holdings Limited
F:A8P
|
$98.38 Million |
|
Pasofino Gold Limited
V:VEIN
|
$98.33 Million |
|
Thai Optical Group Public Company Limited
BK:TOG
|
$98.31 Million |
|
Themis Medicare Limited
NSE:THEMISMED
|
$98.31 Million |
|
Favelle Favco Bhd
KLSE:7229
|
$98.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canadian Net Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 129,487,381 to 129,440,950, a change of -46,431 (-0.0%).
- Net income of 7,103,541 contributed positively to equity growth.
- Dividend payments of 7,091,138 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$7.10 Million | +5.49% |
| Dividends Paid | CA$7.09 Million | -5.48% |
| Other Changes | CA$-58.83K | -0.05% |
| Total Change | CA$- | -0.04% |
Book Value vs Market Value Analysis
This analysis compares Canadian Net 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: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.54x to 1.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$4.29 | CA$6.60 | x |
| 2018-12-31 | CA$4.16 | CA$6.60 | x |
| 2019-12-31 | CA$4.37 | CA$6.60 | x |
| 2020-12-31 | CA$5.18 | CA$6.60 | x |
| 2021-12-31 | CA$6.40 | CA$6.60 | x |
| 2022-12-31 | CA$5.76 | CA$6.60 | x |
| 2023-12-31 | CA$6.31 | CA$6.60 | x |
| 2024-12-31 | CA$6.30 | CA$6.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canadian Net 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): 5.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.19%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.33x
- Recent ROE (5.49%) is below the historical average (7.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 12.37% | 103.93% | 0.06x | 1.91x | CA$870.10K |
| 2018 | -2.12% | -14.28% | 0.06x | 2.36x | CA$-5.13 Million |
| 2019 | 7.95% | 43.47% | 0.07x | 2.51x | CA$-1.05 Million |
| 2020 | 10.67% | 74.08% | 0.06x | 2.32x | CA$600.54K |
| 2021 | 19.33% | 132.38% | 0.07x | 2.14x | CA$12.11 Million |
| 2022 | -5.47% | -26.26% | 0.08x | 2.55x | CA$-18.36 Million |
| 2023 | 14.07% | 68.63% | 0.09x | 2.38x | CA$5.27 Million |
| 2024 | 5.49% | 27.19% | 0.09x | 2.33x | CA$-5.84 Million |
Industry Comparison
This section compares Canadian Net 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: $968,143,103
- Average return on equity (ROE) among peers: 6.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canadian Net Real Estate Investment Trust (NET-UN) | CA$135.99 Million | 12.37% | 1.33x | $98.34 Million |
| Artis Real Estate Investment Trust (AX-UN) | $2.46 Billion | 15.85% | 0.86x | $851.22 Million |
| Crombie Real Estate Investment Trust (CRR-UN) | $782.00 Million | 5.08% | 1.73x | $1.35 Billion |
| H&R Real Estate Investment Trust (HR-UN) | $143.81 Million | 0.22% | 1.37x | $2.02 Billion |
| Morguard Real Estate Investment Trust (MRT-UN) | $491.41 Million | 6.58% | 1.61x | $314.29 Million |
About Canadian Net Real Estate Investment Trust
Canadian Net is an active Trust operating in the Canadian commercial real estate market. The Trust currently trades on the TSX Venture using the ticker symbol NET.UN. The Trust owns and rents commercial real estate properties directly, through its wholly-owned subsidiaries and joint ventures. Prior to June 17, 2021, the Trust operated under the name of Fronsac Real Estate Investment Trust and tic… Read more