Regulated real estate company (BE-REIT) Leasinvest Real Estate SCA invests in high-quality and well-situated shops and offices in the Grand Duchy of Luxembourg, Belgium and Austria.
Undervalued established dividend payer.
Share Price & News
How has Leasinvest Real Estate's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LEAS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LEAS underperformed the Belgian REITs industry which returned -4.7% over the past year.
Return vs Market: LEAS exceeded the Belgian Market which returned -28.6% over the past year.
Price Volatility Vs. Market
How volatile is Leasinvest Real Estate's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHere's Why I Think Leasinvest Real Estate (EBR:LEAS) Might Deserve Your Attention Today
2 months ago | Simply Wall StWhy Leasinvest Real Estate SCA (EBR:LEAS) Looks Like A Quality Company
4 months ago | Simply Wall StDoes Leasinvest Real Estate's (EBR:LEAS) Share Price Gain of 34% Match Its Business Performance?
Is Leasinvest Real Estate undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LEAS (€83.6) is trading below our estimate of fair value (€161.07)
Significantly Below Fair Value: LEAS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LEAS is good value based on its PE Ratio (9.9x) compared to the REITs industry average (11x).
PE vs Market: LEAS is good value based on its PE Ratio (9.9x) compared to the Belgian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: LEAS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: LEAS is good value based on its PB Ratio (1x) compared to the BE REITs industry average (1x).
How is Leasinvest Real Estate forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LEAS's earnings are forecast to decline over the next 3 years (-11.3% per year).
Earnings vs Market: LEAS's earnings are forecast to decline over the next 3 years (-11.3% per year).
High Growth Earnings: LEAS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: LEAS's revenue (3.7% per year) is forecast to grow faster than the Belgian market (2.2% per year).
High Growth Revenue: LEAS's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LEAS's Return on Equity is forecast to be high in 3 years time
How has Leasinvest Real Estate performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LEAS has a large one-off gain of €9.4M impacting its December 31 2019 financial results.
Growing Profit Margin: LEAS's current net profit margins (79%) are higher than last year (70.9%).
Past Earnings Growth Analysis
Earnings Trend: LEAS's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: LEAS's earnings growth over the past year (30.6%) exceeds its 5-year average (10.6% per year).
Earnings vs Industry: LEAS earnings growth over the past year (30.6%) exceeded the REITs industry 17.2%.
Return on Equity
High ROE: LEAS's Return on Equity (10.1%) is considered low.
How is Leasinvest Real Estate's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: LEAS has a high level of physical assets or inventory.
Debt Coverage by Assets: LEAS's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: LEAS's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if LEAS has a sufficient allowance for bad loans.
Low Risk Liabilities: LEAS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if LEAS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: LEAS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if LEAS has an appropriate level of bad loans.
What is Leasinvest Real Estate's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: LEAS's dividend (6.28%) is higher than the bottom 25% of dividend payers in the Belgian market (2.61%).
High Dividend: LEAS's dividend (6.28%) is low compared to the top 25% of dividend payers in the Belgian market (6.3%).
Stability and Growth of Payments
Stable Dividend: LEAS's dividends per share have been stable in the past 10 years.
Growing Dividend: LEAS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.8%), LEAS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LEAS's dividends in 3 years are forecast to be covered by earnings (84.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Michel Van Geyte (53yo)
Mr. Michel Van Geyte serves as a Non-Executive Director at Retail Estates N.V. since 2020 and served as its Independent Director from January 2020 to 2020. Mr. Geyte was a Non-executive Director at Retail ...
CEO Compensation Analysis
Compensation vs Market: Michel's total compensation ($USD565.47K) is about average for companies of similar size in the Belgian market ($USD482.54K).
Compensation vs Earnings: Michel's compensation has been consistent with company performance over the past year.
|CEO, Executive Director of Leasinvest Real Estate Management SA & MD of Leasinvest Immo Lux||1.75yrs||€510.00k||no data|
|Director of Leasinvest Real Estate Management SA||3.58yrs||no data||no data|
|Chairman of Leasinvest Real Estate Management SA||3.58yrs||no data||no data|
|Non-Executive Director of Leasinvest Real Estate Management SA||20.75yrs||€585.68k||no data|
|Independent Director of Leasinvest Real Estate Management SA||0.83yr||no data||no data|
|Independent Director of Leasinvest Real Estate Management SA||8.83yrs||€26.00k||no data|
|Independent Director of of Leasinvest Real Estate Management SA||0.83yr||no data||no data|
|Independent Non-Executive Director of Leasinvest Real Estate Management SA||1.83yrs||€26.00k||no data|
|Independent Director of Leasinvest Real Estate Management SA||0.83yr||no data||no data|
Experienced Board: LEAS's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.4%.
Leasinvest Real Estate SCA's company bio, employee growth, exchange listings and data sources
- Name: Leasinvest Real Estate SCA
- Ticker: LEAS
- Exchange: ENXTBR
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: €495.467m
- Shares outstanding: 5.93m
- Website: https://www.leasinvest.be
- Leasinvest Real Estate SCA
- Schermersstraat 42
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LEAS||ENXTBR (Euronext Brussels)||Yes||Ordinary Shares||BE||EUR||Jul 1999|
|0NUT||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jul 1999|
|L3R||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 1999|
|LEASB||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jul 1999|
Regulated real estate company (BE-REIT) Leasinvest Real Estate SCA invests in high-quality and well-situated shops and offices in the Grand Duchy of Luxembourg, Belgium and Austria. Including the Leasinvest Immo Lux portfolio, the development projects and the participation in Retail Estates, the fair value of the consolidated real estate portfolio amounts to € 1.16 billion at present. The consolidated directly held (excl. stake in Retail Estates) real estate portfolio is invested for 55% in the Grand Duchy of Luxembourg, 35% in Belgium and 10% in Austria. Leasinvest Real Estate is listed on Euronext Brussels (Bel Mid) and is included in the EPRA Belgium and EPRA Eurozone Total Return Indices. The major shareholders of Leasinvest Real Estate are Ackermans & van Haaren Group with 30% and AXA Belgium with 27%.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 21:49|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.