Lead Real Estate Co., LtdLRE

NasdaqConsumer SpendingOperative Builders
Price (close)
$1.11
Market cap
$15.1M
P/E
—
Revenue (FY)
$18.8B
Net income
$846.8M
Dividend yield
—
1-year total return
-19.9%
Net margin
4.5%
Revenue growth
-0.6%
Debt / equity
0.90x

What Lead Real Estate Co., Ltd does.

We are a developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo. In addition, we operate hotels in Tokyo and lease apartment building units to individual customers in Japan and Dallas, Texas. Our goal is to accurately understand the characteristics and needs of our customers and to create more comfortable and secure living environments.

We primarily generate revenue from developing and selling Single family homes, condominiums, and hotels. Since our inception in 2001, we have delivered approximately 1,300 single-family homes, 60 condominiums, and 8 hotels. The target customers of our single-family homes are wealthy family buyers who are looking for luxury single-family homes as their primary residence, while the target customers of our condominiums are institutional customers who look to purchase entire condominiums for investment purposes. We rely on real estate agencies to help identify land and development sites for acquisition and customers for our luxury residential properties and generally acquire land parcels from private landowners. We outsource the design work and construction for our luxury residential property projects to third-party design firms and construction companies, while coordinating and closely supervising the projects through our internal teams to maximize quality of the projects. In addition, we launched our interactive media platform, Glocaly , in October 2021, as a listing and marketing platform seeking to facilitate matching of sellers and buyers of condominiums.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue—$11.3B$14.7B$17.4B$19.0B$18.8B
Net income—$279.5M$551.6M$611.9M$627.0M$846.8M
Free cash flow—-$414.9M-$2.8B-$2.2B-$649.6M$791.3M

More on LRE.

Figures from Lead Real Estate Co., Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.