Lead Real Estate Co Ltd (LRE) Sector
Real Estate

(Current) $4.71
0.01 (0.21%) Open Price: 4.75

 

Lead Real Estate Co., Ltd. (LRE) is a real estate development company headquartered in Tokyo, Japan. The company was founded in 2001 and is listed on the NASDAQ. LRE focuses on developing and selling luxury residential properties, including single-family homes and condominiums, in Tokyo and Kanagawa Prefecture. The company also operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.

 

LRE's primary source of revenue is from the development and sale of single-family homes and condominiums. The company has a unique business model that is designed to minimize risk. LRE typically identifies customers for its single-family homes before acquiring the land and commencing construction. This ensures that the company has a strong demand for its products before it invests in developing them. LRE also builds its condominiums in highly-marketable locations, which helps to ensure that they sell quickly and at a good price.

 

LRE has a strong track record of success. Since its inception, the company has delivered more than 1,000 single-family homes and 25 condominiums. LRE is also a profitable company, with net income of over JPY 10 billion in fiscal year 2022.

 

In addition to its core business of developing and selling residential properties, LRE is also expanding into new areas. In October 2021, the company launched its interactive media platform, Glocaly. Glocaly is a listing and marketing platform that seeks to facilitate matching of sellers and buyers of condominiums. LRE believes that Glocaly has the potential to become a major player in the Japanese real estate market.

 



 

(06/11/24) $4.75
(06/12/24) $4.70
(06/12/24) (Qty.)2,334
(06/11/24) $4.70
(06/11/24) $4.75
(06/09/24) $4.70
(05/26/24) $5.36
Stocktwits
LetsEncrypt SSL Secure Stripe Payment Processing