Cofinimmo/NV (STU:COF) Scaled Net Operating Assets : 0.95 (As of Mar. 2024)

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What is Cofinimmo/NV Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Cofinimmo/NV's operating assets for the quarter that ended in Mar. 2024 was €6,629.1 Mil. Cofinimmo/NV's operating liabilities for the quarter that ended in Mar. 2024 was €258.2 Mil. Cofinimmo/NV's Total Assets for the quarter that ended in Dec. 2023 was €6,691.4 Mil. Therefore, Cofinimmo/NV's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.95.

Cofinimmo/NV Scaled Net Operating Assets Historical Data

The historical data trend for Cofinimmo/NV's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cofinimmo/NV Scaled Net Operating Assets Chart

Cofinimmo/NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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1.06

1.07

1.11

0.86

0.77

Cofinimmo/NV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.96	0.94	0.97	0.76	0.95

Competitive Comparison of Cofinimmo/NV's Scaled Net Operating Assets

For the REIT - Healthcare Facilities subindustry, Cofinimmo/NV's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cofinimmo/NV's Scaled Net Operating Assets Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cofinimmo/NV's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Cofinimmo/NV's Scaled Net Operating Assets falls into.

Cofinimmo/NV Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Cofinimmo/NV's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(6670.821	-	1408.29)	/	6803.566
=	0.77

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	6691.421	-	20.6
=	6670.821

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2992.436	-	630.977	-	953.169
=	1408.29

Cofinimmo/NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(6629.055	-	258.179)	/	6691.421
=	0.95

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	6662.473	-	33.418
=	6629.055

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2944.274	-	1804.657	-	881.438
=	258.179

Cofinimmo/NV Scaled Net Operating Assets Related Terms

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Cofinimmo/NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cofinimmo SA/NV (STU:COF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

0J3X:UK COFB:Belgium

Address

58 Boulevard de la Woluwedal, Brussels, BEL, 1200

Website

https://www.cofinimmo.com

Cofinimmo SA/NV is a Belgian real estate company primarily engaged in the ownership and management of the rental property in Western Europe. The vast majority of Cofinimmo's properties are split between office and healthcare purposes. The remainder is mainly restaurants, pubs, and insurance agencies. Most of Cofinimmo's assets are located in Belgium, while France is also home to a substantial share. The company's major tenants include healthcare firms, pubs and restaurants, banks, and insurance firms. Cofinimmo generates nearly all of its revenue through rental income. The company's healthcare and restaurant tenants typically sign long-term leases, while its office tenants generally elect for short-term agreements.