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Lead Real Estate Co., LTD (LRE) stock

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NASDAQ: LRE Nasdaq Real Estate Development

Lead Real Estate Co., LTD is a US-listed company in the real estate development industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Lead Real Estate Co., LTD is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Lead Real Estate Co., LTD valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 1 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Lead Real Estate files

Where Lead Real Estate Co., LTD stands after its latest Filing

Revenue for the twelve months was $126m, down 0.8% on a year earlier, against growth of 0.2% a quarter earlier. Free-cash-flow margin rose to 4.2% from -3.7% a year earlier. Operating margin widened to 7.8% from 4.0%. The diluted share count is up 2.1% on a year earlier, which dilutes existing holders. It passes 4 of our 6 financial-health checks.

Our model value for Lead Real Estate is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Lead Real Estate Co., LTD's trailing-twelve-month revenue fell 0.8% year on year, with a free-cash-flow margin of 4.2%.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -0.8% (-1.0pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 3.1 points on a year ago.

Things to watch

  • Revenue shrinking. Revenue fell 0.8% over the last 12 months.
  • Share dilution. Diluted shares rose 2.1% in a year.

Price chart

  • 1 day+1.9%
  • 1 week0.0%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$126M
Operating margin
7.8%
Net margin
4.5%
EPS (TTM, diluted)
$0.42

Growth

Revenue growth
−0.8%
Change in growth rate
−1.0 pts
Share count change
+2.1%

Cash

Free cash flow (TTM)
$5.3M
FCF margin
4.2%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for LRE from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Lead Real Estate Co., LTD valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Lead Real Estate Co., LTD: too few analysts cover it.

Positioning

Short interest
3.2%
of tradable shares
Days to cover
1.55
at average volume
Short interest, 1 month
−12%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
90.1%
of shares
Employees
97
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Fundamentals

Revenue (TTM) Lead Real Estate Co., LTD
$100M $110M $120M $130M FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY21 Q4: $105.6M Revenue (TTM), FY22 Q4: $125.6M Revenue (TTM), FY23 Q4: $127M Revenue (TTM), FY24 Q4: $127.2M Revenue (TTM), FY25 Q4: $126.1M $126.1M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY21 Q4 $105.6M
FY22 Q4 $125.6M
FY23 Q4 $127M
FY24 Q4 $127.2M
FY25 Q4 $126.1M
Revenue growth, TTM YoY Lead Real Estate Co., LTD
-5% 0% 5% 10% 15% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY22 Q4: 18.9% Revenue growth, TTM YoY, FY23 Q4: 1.1% Revenue growth, TTM YoY, FY24 Q4: 0.2% Revenue growth, TTM YoY, FY25 Q4: -0.8% -0.8%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 18.9%
FY23 Q4 1.1%
FY24 Q4 0.2%
FY25 Q4 -0.8%
Operating margin (TTM) Lead Real Estate Co., LTD
4% 5% 6% 7% 8% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY21 Q4: 4.0% Operating margin (TTM), FY22 Q4: 6.0% Operating margin (TTM), FY23 Q4: 5.4% Operating margin (TTM), FY24 Q4: 4.7% Operating margin (TTM), FY25 Q4: 7.8% 7.8%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY21 Q4 4.0%
FY22 Q4 6.0%
FY23 Q4 5.4%
FY24 Q4 4.7%
FY25 Q4 7.8%
FCF margin (TTM) Lead Real Estate Co., LTD
-20% -10% 0% 10% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY21 Q4: -3.7% FCF margin (TTM), FY22 Q4: -19.1% FCF margin (TTM), FY23 Q4: -12.5% FCF margin (TTM), FY24 Q4: -3.4% FCF margin (TTM), FY25 Q4: 4.2% 4.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY21 Q4 -3.7%
FY22 Q4 -19.1%
FY23 Q4 -12.5%
FY24 Q4 -3.4%
FY25 Q4 4.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Lead Real Estate took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $126M
  2. Selling, general and admin $15.1M · 12.0%
  3. Other operating costs $101M · 80.2%
  4. Operating income $9.9M · 7.8%
  5. Income tax $3.7M · 2.9%
  6. Net income $5.7M · 4.5%

Shares of revenue. Source: Lead Real Estate's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025
Income
Revenue 106 126 127 127 126
EBITDA 5 8 7 7 11
Operating income 4 8 7 6 10
Net income 3 5 4 4 6
Diluted EPS $0.21 $0.38 $0.36 $0.31 $0.42
Growth (year on year)
Revenue — +18.9% +1.1% +0.2% −0.8%
EBITDA — +72.6% −6.3% −9.8% +58.0%
Operating income — +78.1% −9.7% −11.9% +63.8%
Net income — +79.8% −5.4% −5.7% +34.7%
Diluted EPS — +80.3% −5.4% −11.8% +31.9%
Margins
EBITDA margin 4.4% 6.3% 5.9% 5.3% 8.4%
Operating margin 4.0% 6.0% 5.4% 4.7% 7.8%
Net margin 2.5% 3.8% 3.5% 3.3% 4.5%
Free-cash-flow margin −3.7% −19.1% −12.5% −3.4% 4.2%
Cash flow
Cash from operations −2 −22 −7 11 22
Capital spending 2 2 9 15 17
Free cash flow −4 −24 −16 −4 5
Balance sheet
Cash 4 3 5 8 18
Total debt 0 63 77 71 84
Net debt (negative = net cash) −4 60 72 63 66
Diluted shares 12m 12m 12m 13m 14m
Returned to shareholders
Dividends — — — 0 0
Total returned — — — 0 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · June 30, 2025
What it owns · $142m
Short-term assets $93mLonger-term assets $49m
What it owes, and who funded it · $142m
Short-term liabilities $69mLonger-term liabilities $38mShareholders' equity $35m
  • Short-term assets cover short-term liabilities $93m of assets due within a year against $69m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $93m short-term assets against $38m of longer-dated liabilities.
  • More cash than debt $18m of cash against $32m of debt.
  • Debt below 40% of shareholders' equity Debt is 91% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $22m of operating cash flow against $32m of debt.
  • Operating profit covers interest at least five times over Operating income of $10m against $298,203 of interest.

From Lead Real Estate Co., LTD's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$273,982
Returned to shareholders
5%
of free cash flow
Diluted share count
+2.1%
year over year
Total shareholder yield
1.9%
dividends 1.9% + buybacks 0.0% of market value
Dividend payout ratio
5%
of net income paid out
Sales & admin spending
12.0%
of revenue

Competitors: side by side with peers

Closest by revenue in real estate development
Last 12 months unless stated LRE SEG FPH MRNO TRC LPA Median
Revenue, last 12 months $126m $122m $118m $60m $57m $50m $57m
Revenue growth, last 12 months −0.8% 3.1% −39.1% 48.4% 25.4% 14.3% 11.1%
Revenue growth, 3-year average — — 2.4% — 8.1% — 10.8%
Revenue growth, latest quarter — −13.8% 8.4% — 71.7% — 0.6%
Operating margin 7.8% −101.2% — — −0.9% 81.7% 3.5%
Operating margin, 3-year average — −292.3% — — −8.1% — −26.1%
Net margin 4.5% −102.5% 24.9% −24.8% 10.6% 20.9% 4.5%
Cash from operations / revenue 17.6% −33.1% 5.4% 8.1% 21.9% — 3.8%
Free-cash-flow margin 4.2% −69.6% 5.1% −17.1% 69.8% — −2.7%
Free-cash-flow margin, 3-year average — −78.6% 41.1% — −25.3% — −17.7%
Stock pay / revenue — — 6.9% — 2.5% 4.1% 4.1%
Change in share count 2.1% — — 3.1% 0.7% 2.4% 1.4%

Median of all 13 companies we cover in real estate development. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Who owns it

Funds buying and selling
Reported value
$195,037
Institutions reporting
3
Shares held vs prior quarter
▲ 330.2%
Positions opened / closed
1 / 0

Top buyers and sellers, Q2 2026: 1 institutions bought and 1 sold ; the biggest buyer was Arbiter Partners Capital Management LLC (+130K shares) and the biggest seller Smartharvest Portfolios, LLC (−16K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Arbiter Partners Capital Management LLC $170,946 130K 87.6% New
Smartharvest Portfolios, LLC $24,090 18K 12.4% ▼ 46.9%
Caitong International Asset Management Co., Ltd $1 0K 0.0% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lead Real Estate Co., LTD's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Lead Real Estate Co., LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Lead Real Estate Co., LTD in brief

What does Lead Real Estate Co., LTD do?
Lead Real Estate Co., LTD is a US-listed company in the real estate development industry. Its financial year ends in June.
What is Lead Real Estate Co., LTD's stock ticker?
Lead Real Estate Co., LTD trades under the ticker LRE on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Lead Real Estate Co., LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Lead Real Estate Co., LTD reported revenue of $126M, 0.8% lower than a year earlier, according to its SEC filings.
What is Lead Real Estate Co., LTD's free cash flow?
Lead Real Estate Co., LTD's free-cash-flow margin is 4.2% of revenue over the trailing twelve months.
Who are Lead Real Estate Co., LTD's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Arbiter Partners Capital Management LLC, Smartharvest Portfolios, LLC and Caitong International Asset Management Co., Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Lead Real Estate Co., LTD pay a dividend?
Yes: Lead Real Estate Co., LTD paid $273,982 in dividends over the trailing twelve months, a dividend yield of 1.86% and a payout ratio of 4.8%.
How much debt does Lead Real Estate Co., LTD have?
Lead Real Estate Co., LTD's debt-to-equity ratio is 90.6%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Lead Real Estate Co., LTD's competitors?
In our Real Estate Development peer group, the companies closest to Lead Real Estate Co., LTD are Seaport Entertainment Group Inc., Five Point Holdings, LLC, Murano Global Investments plc, Tejon Ranch Co and Logistic Properties Of The Americas. The side-by-side comparison below sets their revenue, margins and growth against Lead Real Estate Co., LTD's.