Lead Real Estate Co., Ltd American Depositary Shares(LRE)Earnings, Financials & Key Ratios
LRE•NASDAQ•REIT / Real Estate
$1.31
$18M mkt cap·4.4× P/E·Price updated May 6, 2026
AboutLead Real Estate Co., Ltd, together with its subsidiaries, develops and sells luxury residential properties. The company develops single-family homes and condominiums. It operates hotels in Tokyo and leases apartment building units in Japan and Dallas, Texas. The company was incorporated in 2001 and is headquartered in Tokyo, Japan.Show more
- Revenue$18.95B+8.6%
- FFO$730M+5.0%
- FFO/Share54.61+7.2%
- FFO Payout3.43%
- FFO per Share54.61+7.2%
- NOI Margin15.56%-1.5%
- FFO Margin3.85%-3.3%
- ROE17.96%-27.4%
- ROA3.8%-12.4%
- Debt/Assets67.35%-6.3%
- Net Debt/EBITDA10.28-0.7%
- Book Value/Share317.15+57.7%
LRE Key Insights
Lead Real Estate Co., Ltd American Depositary Shares (LRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 23.8%
- ✓Sustainable FFO payout ratio of 3.4%
- ✓Share count reduced 2.1% through buybacks
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗High debt to equity ratio of 2.7x
- ✗Low NOI margin of 15.6%
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LRE Price & Volume
Lead Real Estate Co., Ltd American Depositary Shares (LRE) stock price & volume — 10-year historical chart
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LRE Growth Metrics
Lead Real Estate Co., Ltd American Depositary Shares (LRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years18.97%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years30.91%
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years31.82%
TTM-
Return on Capital
10 Years13.55%
5 Years13.55%
3 Years15.3%
Last Year10.05%
LRE Peer Comparison
Lead Real Estate Co., Ltd American Depositary Shares (LRE) competitors in Residential Land and Home Developers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KORE | 155.46M | 9.14 | -1.20 | 3.43% | -24.51% | |||
 NRDS | 345.21M | 10.89 | 17.02 | 21.67% | 5.82% | 13% | 37.74% | |
 NMRK | 3.01B | 16.33 | 24.01 | 21.86% | 3.83% | 7.85% | 4.73% | 1.14 |
 DOUG | 175.55M | 1.99 | 11.71 | 3.76% | 1.47% | 10.25% | 0.56 | |
 EXPI | 1.01B | 6.28 | -44.86 | 4.48% | -0.48% | -9.36% | 10.78% | |
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.42% | 1.31% | 1.95 |
 RMR | 292.5M | 19.50 | 18.93 | -21.98% | 3.51% | 5.59% | 24.65% | 0.51 |
 CBRE | 41.79B | 142.57 | 37.03 | 13.37% | 3.11% | 14.27% | 2.85% | 1.04 |
Compare LRE vs Peers
Lead Real Estate Co., Ltd American Depositary Shares (LRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LRE Income Statement
Lead Real Estate Co., Ltd American Depositary Shares (LRE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 |
|---|---|---|---|---|---|
| Revenue | 8.68B | 11.26B | 14.69B | 17.44B | 18.95B |
| Revenue Growth % | - | 29.65% | 30.49% | 18.76% | 8.65% |
| Property Operating Expenses | 7.69B | 9.77B | 11.89B | 14.69B | 16B |
| Net Operating Income (NOI) | 993.5M▲ 0% | 1.49B▲ 49.7% | 2.8B▲ 88.4% | 2.76B▼ 1.6% | 2.95B▲ 7.0% |
| NOI Margin % | 11.44% | 13.21% | 19.08% | 15.8% | 15.56% |
| Operating Expenses | 814.59M | 1.03B | 1.79B | 1.82B | 2.05B |
| G&A Expenses | 814.59M | 1.03B | 1.79B | 1.82B | 2.05B |
| EBITDA | 259.22M | 490.97M | 931.04M | 1.02B | 1B |
| EBITDA Margin % | 2.99% | 4.36% | 6.34% | 5.86% | 5.28% |
| Depreciation & Amortization | 80.31M | 37.33M | 43.95M | 82.86M | 102.71M |
| D&A / Revenue % | 0.93% | 0.33% | 0.3% | 0.48% | 0.54% |
| Operating Income | 178.91M▲ 0% | 453.65M▲ 153.6% | 887.1M▲ 95.5% | 939.27M▲ 5.9% | 898.57M▼ 4.3% |
| Operating Margin % | 2.06% | 4.03% | 6.04% | 5.39% | 4.74% |
| Interest Expense | 11.59M | 56.65M | 23.33M | 16.73M | 18.29M |
| Interest Coverage | 15.44x | 8.01x | 38.02x | 56.14x | 49.14x |
| Non-Operating Income | 3.7M | 9.77M | 25.6M | -6.27M | -73.76M |
| Pretax Income | 163.62M▲ 0% | 387.23M▲ 136.7% | 838.17M▲ 116.5% | 928.81M▲ 10.8% | 954.04M▲ 2.7% |
| Pretax Margin % | 1.88% | 3.44% | 5.71% | 5.33% | 5.03% |
| Income Tax | 69.51M | 134.87M | 286.92M | 317.42M | 327.87M |
| Effective Tax Rate % | 42.48% | 34.83% | 34.23% | 34.17% | 34.37% |
| Net Income | 101.44M▲ 0% | 279.49M▲ 175.5% | 551.62M▲ 97.4% | 611.92M▲ 10.9% | 626.96M▲ 2.5% |
| Net Margin % | 1.17% | 2.48% | 3.76% | 3.51% | 3.31% |
| Net Income Growth % | - | 175.51% | 97.37% | 10.93% | 2.46% |
| Funds From Operations (FFO) | 181.76M▲ 0% | 316.82M▲ 74.3% | 595.57M▲ 88.0% | 694.78M▲ 16.7% | 729.67M▲ 5.0% |
| FFO Margin % | 2.09% | 2.81% | 4.06% | 3.98% | 3.85% |
| FFO Growth % | - | 74.31% | 87.99% | 16.66% | 5.02% |
| FFO per Share | 12.54 | 23.22 | 43.66 | 50.93 | 54.61 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 3.43% |
| EPS (Diluted) | 7.00▲ 0% | 20.49▲ 192.7% | 38.76▲ 89.2% | 44.86▲ 15.7% | 46.93▲ 4.6% |
| EPS Growth % | - | 192.71% | 89.17% | 15.74% | 4.61% |
| EPS (Basic) | 7.00 | 20.49 | 38.76 | 44.86 | 46.93 |
| Diluted Shares Outstanding | 14.5M | 13.64M | 13.64M | 13.64M | 13.36M |
LRE Balance Sheet
Lead Real Estate Co., Ltd American Depositary Shares (LRE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 |
|---|---|---|---|---|---|
| Total Assets | 8.3B | 9.41B | 12.42B | 15.82B | 17.22B |
| Asset Growth % | - | 13.39% | 31.92% | 27.37% | 8.87% |
| Real Estate & Other Assets | 185.51M | 212.55M | 271.75M | 240.31M | 170.59M |
| PP&E (Net) | 3.27B | 3.29B | 2.2B | 3.51B | 5.6B |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 4.72B | 5.78B | 9.78B | 11.89B | 11.32B |
| Cash & Equivalents | 329.54M | 480.32M | 403.11M | 786.37M | 1.3B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 227.91M | 0 | 0 | 36.41M | 493.82M |
| Intangible Assets | 26.07M | 74.49M | 115.55M | 97.38M | 54.14M |
| Total Liabilities | 7.01B | 7.77B | 10.22B | 13.07B | 12.98B |
| Total Debt | 6.25B | 5.93B | 8.8B | 11.37B | 11.6B |
| Net Debt | 5.92B | 5.45B | 8.4B | 10.58B | 10.3B |
| Long-Term Debt | 1.03B | 1.3B | 2.23B | 5.44B | 4.6B |
| Short-Term Borrowings | 4.31B | 4.49B | 6.36B | 5.71B | 6.82B |
| Capital Lease Obligations | 915.33M | 862.15M | 206.92M | 226.15M | 182.58M |
| Total Current Liabilities | 5.62B | 6.11B | 7.61B | 7.18B | 7.97B |
| Accounts Payable | 316.05M | 496.87M | 602.43M | 732.72M | 602.01M |
| Deferred Revenue | 164.91M | 223.05M | 289.69M | 260.53M | 130.26M |
| Other Liabilities | 128.07M | 179.84M | 156.46M | 240.03M | 233.11M |
| Total Equity | 1.29B▲ 0% | 1.64B▲ 27.3% | 2.2B▲ 34.3% | 2.74B▲ 24.6% | 4.24B▲ 54.5% |
| Equity Growth % | - | 27.3% | 34.35% | 24.62% | 54.48% |
| Shareholders Equity | 1.27B | 1.64B | 2.21B | 2.75B | 4.24B |
| Minority Interest | 21.26M | -5.87M | -6.24M | -6.77M | -7.56M |
| Common Stock | 229.92M | 329.92M | 344.14M | 344.14M | 1.21B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.19B | 1.47B | 2B | 2.56B | 3.16B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 1.22% | 3.16% | 5.05% | 4.33% | 3.8% |
| Return on Equity (ROE) | 7.88% | 19.11% | 28.73% | 24.75% | 17.96% |
| Debt / Assets | 75.29% | 63.01% | 70.87% | 71.9% | 67.35% |
| Debt / Equity | 4.86x | 3.62x | 4.00x | 4.15x | 2.74x |
| Net Debt / EBITDA | 22.84x | 11.10x | 9.02x | 10.35x | 10.28x |
| Book Value per Share | 88.77 | 120.09 | 161.35 | 201.07 | 317.15 |
LRE Cash Flow Statement
Lead Real Estate Co., Ltd American Depositary Shares (LRE) cash flow — operating, investing & free cash flow history
| Line item | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 |
|---|---|---|---|---|---|
| Cash from Operations | -51.3M | -244.66M | -2.93B | -919.64M | 1.57B |
| Operating CF Growth % | - | -376.89% | -1097.96% | 68.62% | 270.93% |
| Operating CF / Revenue % | -0.59% | -2.17% | -19.96% | -5.27% | 8.29% |
| Net Income | 101.44M | 252.36M | 528.38M | 606.05M | 654.28M |
| Depreciation & Amortization | 80.31M | 37.33M | 43.95M | 82.86M | 102.71M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 34.42M | 966K | 1.11B | 20.62M | 31.66M |
| Working Capital Changes | -267.48M | -542.07M | -4.6B | -1.64B | 760.36M |
| Cash from Investing | -312.88M | -160.43M | -19.08M | -1.26B | -2.24B |
| Acquisitions (Net) | 12.5M | 0 | 0 | 0 | 0 |
| Purchase of Investments | -26.9M | -10.7M | -3.67M | -8.15M | -15.2M |
| Sale of Investments | -1000K | 1000K | 1000K | 1000K | 0 |
| Other Investing | -15.99M | -21.54M | 510.09M | -2.44M | -6.36M |
| Cash from Financing | 402.65M | 555.6M | 2.85B | 2.55B | 1.18B |
| Dividends Paid | 0 | 0 | 0 | 0 | -25M |
| Common Dividends | 0 | 0 | 0 | 0 | -25M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 35M | 99.97M | -63.7M | -229.05M |
| Net Change in Cash | 38.27M▲ 0% | 150.79M▲ 294.0% | -77.21M▼ 151.2% | 383.26M▲ 596.4% | 514.31M▲ 34.2% |
| Exchange Rate Effect | -196K | 271K | 1000K | 1000K | 1000K |
| Cash at Beginning | 291.27M | 329.54M | 480.32M | 403.11M | 786.37M |
| Cash at End | 329.54M | 480.32M | 403.11M | 786.37M | 1.3B |
| Free Cash Flow | -321.29M▲ 0% | -414.89M▼ 29.1% | -3.47B▼ 735.9% | -2.36B▲ 31.9% | -655.96M▲ 72.2% |
| FCF Growth % | - | -29.13% | -735.93% | 31.89% | 72.23% |
| FCF / Revenue % | -3.7% | -3.69% | -23.61% | -13.54% | -3.46% |
LRE Key Ratios
Lead Real Estate Co., Ltd American Depositary Shares (LRE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| FFO per Share | 12.54 | 23.22 | 43.66 | 50.93 | 54.61 |
| FFO Payout Ratio | 0% | 0% | 0% | 0% | 3.43% |
| NOI Margin | 11.44% | 13.21% | 19.08% | 15.8% | 15.56% |
| Net Debt / EBITDA | 22.84x | 11.10x | 9.02x | 10.35x | 10.28x |
| Debt / Assets | 75.29% | 63.01% | 70.87% | 71.9% | 67.35% |
| Interest Coverage | 15.44x | 8.01x | 38.02x | 56.14x | 49.14x |
| Book Value / Share | 88.77 | 120.09 | 161.35 | 201.07 | 317.15 |
| Revenue Growth | - | 29.65% | 30.49% | 18.76% | 8.65% |
LRE Frequently Asked Questions
Lead Real Estate Co., Ltd American Depositary Shares (LRE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Lead Real Estate Co., Ltd American Depositary Shares (LRE) reported $36.91B in revenue for fiscal year 2024. This represents a 325% increase from $8.68B in 2020.
Lead Real Estate Co., Ltd American Depositary Shares (LRE) grew revenue by 8.6% over the past year. This is steady growth.
Yes, Lead Real Estate Co., Ltd American Depositary Shares (LRE) is profitable, generating $1.12B in net income for fiscal year 2024 (3.3% net margin).
Dividend & Returns
Yes, Lead Real Estate Co., Ltd American Depositary Shares (LRE) pays a dividend with a yield of 0.91%. This makes it attractive for income-focused investors.
Lead Real Estate Co., Ltd American Depositary Shares (LRE) has a return on equity (ROE) of 18.0%. This is reasonable for most industries.
Industry Metrics
Lead Real Estate Co., Ltd American Depositary Shares (LRE) generated Funds From Operations (FFO) of $1.30B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Explore More LRE
Lead Real Estate Co., Ltd American Depositary Shares (LRE) financial analysis — history, returns, DCA and operating performance tools
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Earnings History
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Revenue History
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