Lead Real Estate Co., Ltd American Depositary Shares(LRE)Earnings, Financials & Key Ratios
LRE•NASDAQ•REIT / Real Estate
3.2× P/E·Price updated Jun 19, 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$126M-99.3%
- FFO$6M-99.1%
- FFO/Share0.47-99.1%
- FFO Payout4.28%+24.8%
- FFO per Share0.47-99.1%
- NOI Margin19.79%+27.1%
- FFO Margin5.08%+31.9%
- ROE0.26%-98.5%
- ROA0.07%-98.3%
LRE Key Insights
Lead Real Estate Co., Ltd American Depositary Shares (LRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Sustainable FFO payout ratio of 4.3%
- ✓Trading at only 0.5x book value
✗Weaknesses
- ✗High debt to equity ratio of 2.6x
- ✗Profits declining 43.9% over 5 years
- ✗Low NOI margin of 19.8%
- ✗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.
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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-57.11%
3 Years-79.53%
TTM-
Profit CAGR
10 Years-
5 Years-43.86%
3 Years-78.27%
TTM-
EPS CAGR
10 Years-
5 Years-43.31%
3 Years-78.05%
TTM-
Return on Capital
10 Years11.31%
5 Years12.24%
3 Years8.05%
Last Year0.11%
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 | 181.39M | 9.20 | -2.88 | -0.05% | -27.37% | |||
 NRDS | 610.08M | 8.38 | 13.09 | 21.67% | 8.11% | 18.34% | ||
 NMRK | 2.74B | 14.87 | 21.87 | 21.86% | 3.83% | 7.85% | 1.14 | |
 DOUG | 156.36M | 1.72 | 10.12 | 3.76% | 0.5% | 3.26% | 0.56 | |
 EXPI | 753.34M | 4.73 | -33.79 | 4.48% | -0.35% | -7.05% | ||
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.37% | 1.95 | |
 RMR | 651.74M | 20.45 | 19.85 | -21.98% | 3.6% | 5.65% | 0.51 | |
 CBRE | 38.56B | 131.55 | 34.17 | 13.37% | 3.11% | 14.27% | 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
| Metric | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|
Revenue | 8.68B | 11.26B | 14.69B | 17.44B | 18.95B | 125.93M | 36.91B |
Revenue Growth % | - | 29.65% | 30.49% | 18.76% | 8.65% | -99.34% | - |
Property Operating Expenses | 7.69B | 9.77B | 11.89B | 14.69B | 16B | 101.01M | 30.85B |
Net Operating Income (NOI) | 993.5M▲ 0% | 1.49B▲ 49.7% | 2.8B▲ 88.4% | 2.76B▼ 1.6% | 2.95B▲ 7.0% | 24.92M▼ 99.2% | 6.06B▲ 0% |
NOI Margin % | 11.44% | 13.21% | 19.08% | 15.8% | 15.56% | 19.79% | 16.41% |
Operating Expenses | 814.59M | 1.03B | 1.79B | 1.82B | 2.05B | 0 | -3.98B |
G&A Expenses | 814.59M | 1.03B | 1.79B | 1.82B | 2.05B | 0 | -1.09B |
EBITDA | 259.22M | 490.97M | 931.04M | 1.02B | 1B | 10.6M | 2.03B |
EBITDA Margin % | 2.99% | 4.36% | 6.34% | 5.86% | 5.28% | 8.41% | 5.5% |
Depreciation & Amortization | 80.31M | 37.33M | 43.95M | 82.86M | 102.71M | 738.16K | 181.36M |
D&A / Revenue % | 0.93% | 0.33% | 0.3% | 0.48% | 0.54% | 0.59% | 0.49% |
Operating Income | 178.91M▲ 0% | 453.65M▲ 153.6% | 887.1M▲ 95.5% | 939.27M▲ 5.9% | 898.57M▼ 4.3% | 9.86M▼ 98.9% | 1.85B▲ 0% |
Operating Margin % | 2.06% | 4.03% | 6.04% | 5.39% | 4.74% | 7.83% | 5.01% |
Interest Expense | 11.59M | 56.65M | 23.33M | 16.73M | 18.29M | 0 | 0 |
Interest Coverage | 15.12x | 7.84x | 36.92x | 56.51x | 53.17x | - | - |
Non-Operating Income | 3.7M | 9.77M | 25.6M | -6.27M | -73.76M | 0 | 0 |
Pretax Income | 163.62M▲ 0% | 387.23M▲ 136.7% | 838.17M▲ 116.5% | 928.81M▲ 10.8% | 954.04M▲ 2.7% | 9.32M▼ 99.0% | 1.88B▲ 0% |
Pretax Margin % | 1.88% | 3.44% | 5.71% | 5.33% | 5.03% | 7.4% | 5.09% |
Income Tax | 69.51M | 134.87M | 286.92M | 317.42M | 327.87M | 3.66M | 674.1M |
Effective Tax Rate % | 42.48% | 34.83% | 34.23% | 34.17% | 34.37% | 39.32% | 35.9% |
Net Income | 101.44M▲ 0% | 279.49M▲ 175.5% | 551.62M▲ 97.4% | 611.92M▲ 10.9% | 626.96M▲ 2.5% | 5.66M▼ 99.1% | 1.12B▲ 0% |
Net Margin % | 1.17% | 2.48% | 3.76% | 3.51% | 3.31% | 4.49% | 3.04% |
Net Income Growth % | - | 175.51% | 97.37% | 10.93% | 2.46% | -99.1% | - |
Funds From Operations (FFO) | 181.76M▲ 0% | 316.82M▲ 74.3% | 595.57M▲ 88.0% | 694.78M▲ 16.7% | 729.67M▲ 5.0% | 6.4M▼ 99.1% | 1.3B▲ 0% |
FFO Margin % | 2.09% | 2.81% | 4.06% | 3.98% | 3.85% | 5.08% | 3.54% |
FFO Growth % | - | 74.31% | 87.99% | 16.66% | 5.02% | -99.12% | -7.17% |
FFO per Share | 12.54 | 23.22 | 43.66 | 50.93 | 54.61 | 0.47 | 95.66 |
FFO Payout Ratio % | 0% | 0% | 0% | 0% | 3.43% | 4.28% | 0.01% |
EPS (Diluted) | 7.00▲ 0% | 20.49▲ 192.7% | 38.76▲ 89.2% | 44.86▲ 15.7% | 46.93▲ 4.6% | 0.41▼ 99.1% | 82.36▲ 0% |
EPS Growth % | - | 192.71% | 89.17% | 15.74% | 4.61% | -99.13% | - |
EPS (Basic) | 7.00 | 20.49 | 38.76 | 44.86 | 46.93 | 0.41 | - |
Diluted Shares Outstanding | 14.5M | 13.64M | 13.64M | 13.64M | 13.36M | 13.64M | 13.64M |
LRE Balance Sheet
Lead Real Estate Co., Ltd American Depositary Shares (LRE) balance sheet — assets, liabilities & shareholders' equity
| Metric | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Assets | 8.3B | 9.41B | 12.42B | 15.82B | 17.22B | 142.77M | 17.22B |
Asset Growth % | - | 13.39% | 31.92% | 27.37% | 8.87% | -99.17% | 96.45% |
Real Estate & Other Assets | 185.51M | 212.55M | 271.75M | 240.31M | 170.59M | -47.04M | 170.59M |
PP&E (Net) | 3.27B | 3.29B | 2.2B | 3.51B | 5.6B | 45.81M | 5.6B |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K |
Total Current Assets | 4.72B | 5.78B | 9.78B | 11.89B | 11.32B | 0 | 11.32B |
Cash & Equivalents | 329.54M | 480.32M | 403.11M | 786.37M | 1.3B | 18.39M | 1.3B |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 227.91M | 0 | 0 | 36.41M | 493.82M | -19.64M | 493.82M |
Intangible Assets | 26.07M | 74.49M | 115.55M | 97.38M | 54.14M | 0 | 54.14M |
Total Liabilities | 7.01B | 7.77B | 10.22B | 13.07B | 12.98B | 107.94M | 12.98B |
Total Debt | 6.25B | 5.93B | 8.8B | 11.37B | 11.6B | 90.06M | 11.6B |
Net Debt | 5.92B | 5.45B | 8.4B | 10.58B | 10.3B | 71.67M | 10.3B |
Long-Term Debt | 1.03B | 1.3B | 2.23B | 5.44B | 4.6B | 31.55M | 4.6B |
Short-Term Borrowings | 4.31B | 4.49B | 6.36B | 5.71B | 6.82B | 54.2M | 6.82B |
Capital Lease Obligations | 915.33M | 134.35M | 206.92M | 226.15M | 182.58M | 4.31M | 955.68M |
Total Current Liabilities | 5.62B | 6.11B | 7.61B | 7.18B | 7.97B | 0 | 7.97B |
Accounts Payable | 316.05M | 496.87M | 602.43M | 732.72M | 602.01M | 0 | 602.01M |
Deferred Revenue | 164.91M | 223.05M | 289.69M | 260.53M | 130.26M | 2.34M | 130.26M |
Other Liabilities | 128.07M | 179.84M | 156.46M | 240.03M | 233.11M | -39.8M | 233.11M |
Total Equity | 1.29B▲ 0% | 1.64B▲ 27.3% | 2.2B▲ 34.3% | 2.74B▲ 24.6% | 4.24B▲ 54.5% | 34.83M▼ 99.2% | 4.24B▲ 0% |
Equity Growth % | - | 27.3% | 34.35% | 24.62% | 54.48% | -99.18% | 165.63% |
Shareholders Equity | 1.27B | 1.64B | 2.21B | 2.75B | 4.24B | 34.89M | 4.24B |
Minority Interest | 21.26M | -5.87M | -6.24M | -6.77M | -7.56M | -58.54K | -7.56M |
Common Stock | 229.92M | 329.92M | 344.14M | 344.14M | 1.21B | 8.36M | 1.21B |
Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 1.19B | 1.47B | 2B | 2.56B | 3.16B | 27.45M | 3.16B |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 1.22% | 3.16% | 5.05% | 4.33% | 3.8% | 0.07% | 6.96% |
Return on Equity (ROE) | 7.88% | 19.11% | 28.73% | 24.75% | 17.96% | 0.26% | 34.36% |
Debt / Assets | 75.29% | 63.01% | 70.87% | 71.9% | 67.35% | 63.08% | 67.35% |
Debt / Equity | 4.86x | 3.62x | 4.00x | 4.15x | 2.74x | 2.59x | 2.74x |
Net Debt / EBITDA | 22.84x | 11.10x | 9.02x | 10.35x | 10.28x | 6.76x | 5.07x |
Book Value per Share | 88.77 | 120.09 | 161.35 | 201.07 | 317.15 | 2.55 | 310.61 |
LRE Cash Flow Statement
Lead Real Estate Co., Ltd American Depositary Shares (LRE) cash flow — operating, investing & free cash flow history
| Metric | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | -51.3M | -244.66M | -2.93B | -919.64M | 1.57B | 22.14M | 762.64M |
Operating CF Growth % | - | -376.89% | -1097.96% | 68.62% | 270.93% | -98.59% | 1006.38% |
Operating CF / Revenue % | -0.59% | -2.17% | -19.96% | -5.27% | 8.29% | 17.58% | 2.07% |
Net Income | 101.44M | 252.36M | 528.38M | 606.05M | 654.28M | 5.66M | 1.12B |
Depreciation & Amortization | 80.31M | 37.33M | 43.95M | 82.86M | 102.71M | 738.16K | 181.36M |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 34.42M | 966K | 1.11B | 20.62M | 31.66M | 477.77K | 2B |
Working Capital Changes | -267.48M | -542.07M | -4.6B | -1.64B | 760.36M | 15.27M | -707.46M |
Cash from Investing | -312.88M | -160.43M | -19.08M | -1.26B | -2.24B | -17.52M | -3.54B |
Acquisitions (Net) | 12.5M | 0 | 0 | 0 | 0 | 21.27K | 0 |
Purchase of Investments | -26.9M | -10.7M | -3.67M | -8.15M | -15.2M | -673.96K | -16.15M |
Sale of Investments | -12.5M | 42.04M | 11.79M | 5M | 0 | 0 | -21.14K |
Other Investing | -15.99M | -21.54M | 510.09M | -2.44M | -6.36M | 0 | -374.42K |
Cash from Financing | 402.65M | 555.6M | 2.85B | 2.55B | 1.18B | 4.65M | 3.75B |
Dividends Paid | 0 | 0 | 0 | 0 | -25M | -273.52K | -22.83M |
Common Dividends | 0 | 0 | 0 | 0 | -25M | 0 | -164.23K |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 35M | 99.97M | -63.7M | -229.05M | -329 | 3.76B |
Net Change in Cash | 38.27M▲ 0% | 150.79M▲ 294.0% | -77.21M▼ 151.2% | 383.26M▲ 596.4% | 514.31M▲ 34.2% | 10.31M▼ 98.0% | 805.94M▲ 0% |
Exchange Rate Effect | -196K | 271K | 19.96M | 4.41M | 8.9M | 1.04M | 0 |
Cash at Beginning | 291.27M | 329.54M | 480.32M | 403.11M | 786.37M | 8.09M | 706.99M |
Cash at End | 329.54M | 480.32M | 403.11M | 786.37M | 1.3B | 18.39M | 1.3B |
Free Cash Flow | -321.29M▲ 0% | -414.89M▼ 29.1% | -3.47B▼ 735.9% | -2.36B▲ 31.9% | -655.96M▲ 72.2% | 5.29M▲ 100.8% | -2.76B▲ 0% |
FCF Growth % | - | -29.13% | -735.93% | 31.89% | 72.23% | 100.81% | - |
FCF / Revenue % | -3.7% | -3.69% | -23.61% | -13.54% | -3.46% | 4.2% | -7.47% |
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 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
FFO per Share | 23.22 | 43.66 | 50.93 | 54.61 | 0.47 | 95.66 |
FFO Payout Ratio | 0% | 0% | 0% | 3.43% | 4.28% | 0.01% |
NOI Margin | 13.21% | 19.08% | 15.8% | 15.56% | 19.79% | 16.41% |
Net Debt / EBITDA | 11.10x | 9.02x | 10.35x | 10.28x | 6.76x | 5.07x |
Debt / Assets | 63.01% | 70.87% | 71.9% | 67.35% | 63.08% | 67.35% |
Interest Coverage | 7.84x | 36.92x | 56.51x | 53.17x | - | - |
Book Value / Share | 120.09 | 161.35 | 201.07 | 317.15 | 2.55 | 310.61 |
Revenue Growth | 29.65% | 30.49% | 18.76% | 8.65% | -99.34% | - |
Related:LRE Dividend History·LRE Revenue History·LRE Price History·LRE P/E History·LRE Financial Ratios·LRE Institutional Holders
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 2025. This represents a 325% increase from $8.68B in 2020.
Lead Real Estate Co., Ltd American Depositary Shares (LRE) saw revenue decline by 99.3% over the past year.
Yes, Lead Real Estate Co., Ltd American Depositary Shares (LRE) is profitable, generating $1.12B in net income for fiscal year 2025 (4.5% net margin).
Dividend & Returns
Yes, Lead Real Estate Co., Ltd American Depositary Shares (LRE) pays a dividend with a yield of 1.53%. This makes it attractive for income-focused investors.
Lead Real Estate Co., Ltd American Depositary Shares (LRE) has a return on equity (ROE) of 0.3%. This is below average, suggesting room for improvement.
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.