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Lead Real Estate Co Ltd - LRE STOCK NEWS

Welcome to our dedicated news page for Lead Real Estate Co (Ticker: LRE), a resource for investors and traders seeking the latest updates and insights on Lead Real Estate Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lead Real Estate Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lead Real Estate Co's position in the market.

Rhea-AI Summary
Lead Real Estate Co., Ltd (Nasdaq: LRE) announced the receipt of contracts to construct three luxury family type hotels in Japan. The properties in Tokyo, Kanagawa prefecture, and Mie Prefecture are expected to add significant revenue for the company in the coming calendar year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.18%
Tags
none
-
Rhea-AI Summary
Lead Real Estate Co., Ltd (Nasdaq: LRE) reported a strong attendee turnout at the Shanghai Luxury Property Show Real Estate Exhibition, with over 100 potential customers expressing interest in the company's luxury residential properties. The best-selling Excelsior Yoyogi-Koen-mae condominium, priced at 1.298 billion Japanese yen, received significant attention from Chinese luxury home and hotel buyers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
none
-
Rhea-AI Summary
Lead Real Estate Co., Ltd (Nasdaq: LRE) completed the sale and delivery of a newly built single luxury income-producing condominium, Excelsior Meguromita, located in Meguro, Tokyo. The property has 17 units, made from reinforced concrete, with a building area of 10,232 square feet and a land area of 3,810 square feet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.58%
Tags
none
Rhea-AI Summary
Lead Real Estate Co., Ltd (LRE) announced its fiscal year ended June 30, 2023, financial results. The company reported a 22% increase in total revenue to JPY17,442,248,000 and a 2% rise in net income to JPY536,482,000. Revenue growth was driven by higher sale prices of land deliveries for single-family homes and condominiums, while net income increase was due to this revenue growth offset by a 23% increase in cost of revenue for real estate sales. The company's cash and cash equivalents increased to JPY786,373,000 and long-term debt grew to JPY5,437,668,000. LRE's CEO, Mr. Eiji Nagahara, expressed satisfaction with the fiscal 2023 progress and outlined the company's future plans, including the development of new rental properties in Las Vegas and other U.S. cities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.75%
Tags
earnings
-
Rhea-AI Summary
Lead Real Estate Co., Ltd announced that its founder and representative director, Mr. Eiji Nagahara, has been included in APAC Entrepreneur's '10 Most Inspiring CEOs from Japan' cover story. The story highlights Mr. Nagahara's professional journey, challenges, successes, and leadership approach. He is a registered real estate buyer and broker in Japan, with expertise in luxury residential properties. Mr. Nagahara has also been involved in international charity endeavors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.88%
Tags
none
-
Rhea-AI Summary
Lead Real Estate Co., Ltd has successfully closed its initial public offering, raising $8,001,000 in gross proceeds before deductions. The company sold 1,143,000 ADSs at a price of $7.00 per ADS. The ADSs began trading on the Nasdaq Global Market under the symbol 'LRE'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
IPO offering
Rhea-AI Summary
Lead Real Estate Co., Ltd announces pricing of its IPO at $7.00 per ADS, expecting to raise $8,001,000 of gross proceeds. ADSs to begin trading on Nasdaq Global Market under symbol 'LRE' on September 27, 2023. Offering expected to close on September 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
IPO offering
Lead Real Estate Co Ltd

Nasdaq:LRE

LRE Rankings

LRE Stock Data

62.34M
1.33M
90.28%
0.13%
New Single-Family Housing Construction (except For-Sale Builders)
Construction
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Japan
Tokyo