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Lead Real Estate Co., Ltd American Depositary Shares (LRE) 10-Year Financial Performance & Capital Metrics

LRE • • REIT / Real Estate
Real EstateReal Estate DevelopmentMixed-Use & Planned Community DevelopmentLuxury Residential Developers
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/Share 54.61 +7.2%
  • FFO Payout 3.43%
  • FFO per Share 54.61 +7.2%
  • NOI Margin 15.56% -1.5%
  • FFO Margin 3.85% -3.3%
  • ROE 17.96% -27.4%
  • ROA 3.8% -12.4%
  • Debt/Assets 67.35% -6.3%
  • Net Debt/EBITDA 10.28 -0.7%
  • Book Value/Share 317.15 +57.7%
Technical Analysis

Key Insights

Based on financial 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 0.0x 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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y18.97%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y30.91%
TTM-

EPS CAGR

10Y-
5Y-
3Y31.82%
TTM-

ROCE

10Y Avg13.55%
5Y Avg13.55%
3Y Avg15.3%
Latest10.05%

Peer Comparison

Luxury Residential Developers
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Per Share
Growth
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Momentum & Returns
Total Return (DRIP)
Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
LRELead Real Estate Co., Ltd American Depositary Shares20.87M1.530.038.65%3.04%26.52%2.74

Profit & Loss

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Revenue+8.68B11.26B14.69B17.44B18.95B
Revenue Growth %-0.3%0.3%0.19%0.09%
Property Operating Expenses7.69B9.77B11.89B14.69B16B
Net Operating Income (NOI)+-----
NOI Margin %-----
Operating Expenses+814.59M1.03B1.79B1.82B2.05B
G&A Expenses814.59M1.03B1.79B1.82B2.05B
EBITDA+259.22M490.97M931.04M1.02B1B
EBITDA Margin %-----
Depreciation & Amortization+80.31M37.33M43.95M82.86M102.71M
D&A / Revenue %-----
Operating Income+178.91M453.65M887.1M939.27M898.57M
Operating Margin %-----
Interest Expense+11.59M56.65M23.33M16.73M18.29M
Interest Coverage15.44x8.01x38.02x56.14x49.14x
Non-Operating Income3.7M9.77M25.6M-6.27M-73.76M
Pretax Income+163.62M387.23M838.17M928.81M954.04M
Pretax Margin %-----
Income Tax+69.51M134.87M286.92M317.42M327.87M
Effective Tax Rate %-----
Net Income+101.44M279.49M551.62M611.92M626.96M
Net Margin %-----
Net Income Growth %-1.76%0.97%0.11%0.02%
Funds From Operations (FFO)+-----
FFO Margin %-----
FFO Growth %-0.74%0.88%0.17%0.05%
FFO per Share+-----
FFO Payout Ratio %-----
EPS (Diluted)+7.0020.4938.7644.8646.93
EPS Growth %-1.93%0.89%0.16%0.05%
EPS (Basic)7.0020.4938.7644.8646.93
Diluted Shares Outstanding14.5M13.64M13.64M13.64M13.36M

Balance Sheet

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Total Assets+8.3B9.41B12.42B15.82B17.22B
Asset Growth %-0.13%0.32%0.27%0.09%
Real Estate & Other Assets+185.51M212.55M271.75M240.31M170.59M
PP&E (Net)3.27B3.29B2.2B3.51B5.6B
Investment Securities1000K1000K1000K1000K1000K
Total Current Assets+4.72B5.78B9.78B11.89B11.32B
Cash & Equivalents329.54M480.32M403.11M786.37M1.3B
Receivables1000K1000K1000K1000K1000K
Other Current Assets227.91M0036.41M493.82M
Intangible Assets26.07M74.49M115.55M97.38M54.14M
Total Liabilities7.01B7.77B10.22B13.07B12.98B
Total Debt+6.25B5.93B8.8B11.37B11.6B
Net Debt5.92B5.45B8.4B10.58B10.3B
Long-Term Debt1.03B1.3B2.23B5.44B4.6B
Short-Term Borrowings1000K1000K1000K1000K1000K
Capital Lease Obligations915.33M862.15M206.92M226.15M182.58M
Total Current Liabilities+5.62B6.11B7.61B7.18B7.97B
Accounts Payable316.05M496.87M602.43M732.72M602.01M
Deferred Revenue164.91M223.05M289.69M260.53M130.26M
Other Liabilities128.07M179.84M156.46M240.03M233.11M
Total Equity+1.29B1.64B2.2B2.74B4.24B
Equity Growth %-0.27%0.34%0.25%0.54%
Shareholders Equity1.27B1.64B2.21B2.75B4.24B
Minority Interest21.26M-5.87M-6.24M-6.77M-7.56M
Common Stock229.92M329.92M344.14M344.14M1.21B
Additional Paid-in Capital00000
Retained Earnings1.19B1.47B2B2.56B3.16B
Preferred Stock00000
Return on Assets (ROA)0.01%0.03%0.05%0.04%0.04%
Return on Equity (ROE)0.08%0.19%0.29%0.25%0.18%
Debt / Assets0.75%0.63%0.71%0.72%0.67%
Debt / Equity4.86x3.62x4.00x4.15x2.74x
Net Debt / EBITDA22.84x11.10x9.02x10.35x10.28x
Book Value per Share88.77120.09161.35201.07317.15

Cash Flow

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Cash from Operations+-51.3M-244.66M-2.93B-919.64M1.57B
Operating CF Growth %--3.77%-10.98%0.69%2.71%
Operating CF / Revenue %-----
Net Income101.44M252.36M528.38M606.05M654.28M
Depreciation & Amortization80.31M37.33M43.95M82.86M102.71M
Stock-Based Compensation00000
Other Non-Cash Items34.42M966K1.11B20.62M31.66M
Working Capital Changes-267.48M-542.07M-4.6B-1.64B760.36M
Cash from Investing+-312.88M-160.43M-19.08M-1.26B-2.24B
Acquisitions (Net)12.5M0000
Purchase of Investments-26.9M-10.7M-3.67M-8.15M-15.2M
Sale of Investments-1000K1000K1000K1000K0
Other Investing-15.99M-21.54M510.09M-2.44M-6.36M
Cash from Financing+402.65M555.6M2.85B2.55B1.18B
Dividends Paid0000-25M
Common Dividends0000-25M
Debt Issuance (Net)1000K1000K1000K1000K1000K
Share Repurchases00000
Other Financing035M99.97M-63.7M-229.05M
Net Change in Cash+38.27M150.79M-77.21M383.26M514.31M
Exchange Rate Effect-196K271K1000K1000K1000K
Cash at Beginning291.27M329.54M480.32M403.11M786.37M
Cash at End329.54M480.32M403.11M786.37M1.3B
Free Cash Flow+-321.29M-414.89M-3.47B-2.36B-655.96M
FCF Growth %--0.29%-7.36%0.32%0.72%
FCF / Revenue %-----

Key Ratios

Metric20202021202220232024
FFO per Share12.5423.2243.6650.9354.61
FFO Payout Ratio0%0%0%0%3.43%
NOI Margin11.44%13.21%19.08%15.8%15.56%
Net Debt / EBITDA22.84x11.10x9.02x10.35x10.28x
Debt / Assets75.29%63.01%70.87%71.9%67.35%
Interest Coverage15.44x8.01x38.02x56.14x49.14x
Book Value / Share88.77120.09161.35201.07317.15
Revenue Growth-29.65%30.49%18.76%8.65%

Revenue by Segment

20232024
Real Estate17.13B18.49B
Real Estate Growth-7.95%
Land15.73B17.11B
Land Growth-8.77%
Construction1.39B1.38B
Construction Growth--1.29%
Product and Service, Other316.94M463.61M
Product and Service, Other Growth-46.28%
Hotel-231.58M
Hotel Growth--
Commission-100.86M
Commission Growth--
Property Management22.54M58.99M
Property Management Growth-161.67%
Lease75.78M57.83M
Lease Growth--23.68%
Other, Miscellaneous218.62M14.35M
Other, Miscellaneous Growth--93.44%

Frequently Asked Questions

Valuation & Price

Lead Real Estate Co., Ltd American Depositary Shares (LRE) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

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 100.00%. 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.

Lead Real Estate Co., Ltd American Depositary Shares (LRE) offers a 100.00% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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