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Leasinvest Real Estate

ENXTBR:LEAS
Snowflake Description

Established dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LEAS
ENXTBR
€634M
Market Cap
  1. Home
  2. BE
  3. Real Estate
Company description

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. The last earnings update was 140 days ago. More info.


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LEAS Share Price and Events
7 Day Returns
-4.5%
ENXTBR:LEAS
1.3%
BE REITs
-1.1%
BE Market
1 Year Returns
9.4%
ENXTBR:LEAS
17.7%
BE REITs
-5.2%
BE Market
LEAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Leasinvest Real Estate (LEAS) -4.5% 2.4% 3.9% 9.4% -0.7% 28.9%
BE REITs 1.3% 1.9% 8.4% 17.7% 20.1% 47.1%
BE Market -1.1% 1.3% 4.8% -5.2% -11.3% 7.6%
1 Year Return vs Industry and Market
  • LEAS underperformed the REITs industry which returned 17.7% over the past year.
  • LEAS outperformed the Market in Belgium which returned -5.2% over the past year.
Price Volatility
LEAS
Industry
5yr Volatility vs Market
Related Companies

LEAS Value

 Is Leasinvest Real Estate undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Leasinvest Real Estate. This is due to cash flow or dividend data being unavailable. The share price is €107.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Leasinvest Real Estate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Leasinvest Real Estate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:LEAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €7.37
ENXTBR:LEAS Share Price ** ENXTBR (2019-08-16) in EUR €107
Belgium REITs Industry PE Ratio Median Figure of 15 Publicly-Listed REITs Companies 15.51x
Belgium Market PE Ratio Median Figure of 88 Publicly-Listed Companies 14.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Leasinvest Real Estate.

ENXTBR:LEAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:LEAS Share Price ÷ EPS (both in EUR)

= 107 ÷ 7.37

14.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Leasinvest Real Estate is good value based on earnings compared to the BE REITs industry average.
  • Leasinvest Real Estate is good value based on earnings compared to the Belgium market.
Price based on expected Growth
Does Leasinvest Real Estate's expected growth come at a high price?
Raw Data
ENXTBR:LEAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
1.9%per year
Belgium REITs Industry PEG Ratio Median Figure of 7 Publicly-Listed REITs Companies 1.07x
Belgium Market PEG Ratio Median Figure of 40 Publicly-Listed Companies 1.78x

*Line of best fit is calculated by linear regression .

ENXTBR:LEAS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.51x ÷ 1.9%

7.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Leasinvest Real Estate is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Leasinvest Real Estate's assets?
Raw Data
ENXTBR:LEAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €80.28
ENXTBR:LEAS Share Price * ENXTBR (2019-08-16) in EUR €107
Belgium REITs Industry PB Ratio Median Figure of 16 Publicly-Listed REITs Companies 1.32x
Belgium Market PB Ratio Median Figure of 119 Publicly-Listed Companies 1.53x
ENXTBR:LEAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:LEAS Share Price ÷ Book Value per Share (both in EUR)

= 107 ÷ 80.28

1.33x

* Primary Listing of Leasinvest Real Estate.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Leasinvest Real Estate is overvalued based on assets compared to the BE REITs industry average.
X
Value checks
We assess Leasinvest Real Estate's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Leasinvest Real Estate has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LEAS Future Performance

 How is Leasinvest Real Estate expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Leasinvest Real Estate expected to grow at an attractive rate?
  • Leasinvest Real Estate's earnings growth is expected to exceed the low risk savings rate of 0.8%.
Growth vs Market Checks
  • Leasinvest Real Estate's earnings growth is positive but not above the Belgium market average.
  • Leasinvest Real Estate's revenue growth is expected to exceed the Belgium market average.
Annual Growth Rates Comparison
Raw Data
ENXTBR:LEAS Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTBR:LEAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 1.9%
ENXTBR:LEAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.5%
Belgium REITs Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Belgium REITs Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 7.5%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTBR:LEAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:LEAS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 68 40 1
2020-12-31 65 38 1
2019-12-31 64 37 1
ENXTBR:LEAS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 54 37 38
2018-09-30 54 30 45
2018-06-30 54 24 52
2018-03-31 54 33 50
2017-12-31 54 41 48
2017-09-30 54 39 39
2017-06-30 54 36 30
2017-03-31 54 36 30
2016-12-31 54 35 29
2016-09-30 53 48 31
2016-06-30 51 60 32
2016-03-31 50 58 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Leasinvest Real Estate's earnings are expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
  • Leasinvest Real Estate's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTBR:LEAS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Leasinvest Real Estate Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:LEAS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 11.32 11.32 11.32 1.00
2020-12-31 10.78 10.78 10.78 1.00
2019-12-31 10.81 10.81 10.81 1.00
ENXTBR:LEAS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 7.37
2018-09-30 8.88
2018-06-30 10.45
2018-03-31 10.04
2017-12-31 9.63
2017-09-30 7.84
2017-06-30 6.06
2017-03-31 6.01
2016-12-31 5.96
2016-09-30 6.25
2016-06-30 6.54
2016-03-31 6.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Leasinvest Real Estate will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Leasinvest Real Estate's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Belgium market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Belgium market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Leasinvest Real Estate has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LEAS Past Performance

  How has Leasinvest Real Estate performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Leasinvest Real Estate's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Leasinvest Real Estate's year on year earnings growth rate has been positive over the past 5 years.
  • Leasinvest Real Estate's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Leasinvest Real Estate's 1-year earnings growth is negative, it can't be compared to the BE REITs industry average.
Earnings and Revenue History
Leasinvest Real Estate's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Leasinvest Real Estate Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:LEAS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 53.89 38.19 2.94
2018-09-30 53.83 44.91 2.88
2018-06-30 53.77 51.63 2.83
2018-03-31 53.81 49.59 2.86
2017-12-31 53.85 47.55 2.90
2017-09-30 54.00 38.72 3.15
2017-06-30 54.15 29.90 3.40
2017-03-31 54.16 29.67 3.25
2016-12-31 54.17 29.44 3.11
2016-09-30 52.74 30.88 2.74
2016-06-30 51.32 32.31 2.36
2016-03-31 49.88 31.47 2.37
2015-12-31 48.43 30.62 2.37
2015-09-30 48.55 31.58 2.35
2015-06-30 48.66 32.54 2.33
2015-03-31 48.78 32.55 2.36
2014-12-31 48.91 32.57 2.39
2014-09-30 48.49 30.00 2.46
2014-06-30 48.07 27.43 2.52
2014-03-31 45.87 27.18 2.42
2013-12-31 43.66 26.93 2.32
2013-09-30 41.64 25.83 2.10
2013-06-30 39.61 24.74 1.88
2013-03-31 38.15 22.62 1.78
2012-12-31 36.68 20.51 1.68
2012-09-30 35.38 15.79 1.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Leasinvest Real Estate has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Leasinvest Real Estate used its assets less efficiently than the BE REITs industry average last year based on Return on Assets.
  • Leasinvest Real Estate's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Leasinvest Real Estate's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Leasinvest Real Estate has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LEAS Health

 How is Leasinvest Real Estate's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Leasinvest Real Estate's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Leasinvest Real Estate's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Leasinvest Real Estate's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Leasinvest Real Estate's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Leasinvest Real Estate Company Filings, last reported 7 months ago.

ENXTBR:LEAS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 475.81 632.69 7.40
2018-09-30 475.81 632.69 7.40
2018-06-30 376.60 632.54 4.30
2018-03-31 376.60 632.54 4.30
2017-12-31 382.21 573.41 5.70
2017-09-30 382.21 573.41 5.70
2017-06-30 362.75 626.89 10.40
2017-03-31 362.75 626.89 10.40
2016-12-31 356.41 590.80 20.77
2016-09-30 356.41 590.80 20.77
2016-06-30 340.15 554.10 17.24
2016-03-31 340.15 554.10 17.24
2015-12-31 362.41 572.47 4.53
2015-09-30 362.41 572.47 4.53
2015-06-30 339.32 500.09 21.73
2015-03-31 339.32 500.09 21.73
2014-12-31 336.41 479.38 3.65
2014-09-30 336.41 479.38 3.65
2014-06-30 324.21 438.12 2.64
2014-03-31 324.21 438.12 2.64
2013-12-31 335.34 426.17 2.25
2013-09-30 335.34 426.17 2.25
2013-06-30 318.33 319.61 1.71
2013-03-31 318.33 319.61 1.71
2012-12-31 256.01 392.33 2.44
2012-09-30 256.01 392.33 2.44
  • Leasinvest Real Estate's level of debt (133%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (127.2% vs 133% today).
  • Debt is not well covered by operating cash flow (5.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.4x coverage).
X
Financial health checks
We assess Leasinvest Real Estate's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Leasinvest Real Estate has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LEAS Dividends

 What is Leasinvest Real Estate's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.77%
Current annual income from Leasinvest Real Estate dividends. Estimated to be 5.09% next year.
If you bought €2,000 of Leasinvest Real Estate shares you are expected to receive €95 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Leasinvest Real Estate's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.26%).
  • Leasinvest Real Estate's dividend is above the markets top 25% of dividend payers in Belgium (4.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTBR:LEAS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Belgium REITs Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 4.1%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.5%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.4%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.3%
Belgium Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTBR:LEAS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.73 1.00
2020-12-31 5.52 2.00
2019-12-31 5.24 2.00
ENXTBR:LEAS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-01 5.100 4.948
2019-02-20 5.100 5.270
2018-04-03 5.000 5.327
2018-02-22 5.000 5.199
2017-02-16 4.900 4.897
2016-04-05 4.700 4.497
2016-02-18 4.700 4.876
2015-02-13 4.550 5.146
2014-02-18 4.500 5.348
2013-02-22 4.400 6.110
2012-08-23 4.150 6.111
2012-02-17 4.150 6.314
2011-05-16 4.100 6.321
2010-02-12 4.000 6.257
2009-05-14 3.140 5.469
2009-02-19 3.700 7.324
2008-12-31 3.270 6.319
2008-08-29 3.700 6.379
2008-08-22 3.700 5.395

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Leasinvest Real Estate's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Leasinvest Real Estate's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Leasinvest Real Estate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Leasinvest Real Estate has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LEAS Management

 What is the CEO of Leasinvest Real Estate's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michel Van Geyte
COMPENSATION €510,000
AGE 53
TENURE AS CEO 1.2 years
CEO Bio

Mr. Michel Van Geyte is a Non-executive Director at Retail Estates N.V. since May 17, 2019. Mr. Van Geyte serves as CEO and Executive Director of Leasinvest Real Estate Management SA & Managing Director of Leasinvest Immo Lux since September 2018. He was Chief Executive Officer and Managing Director of Leasinvest Real Estate Management SA (statutory manager of Leasinvest Real Estate SCA) since May 22, 2018 until September 2018 and serves as its Executive Director. Mr. Van Geyte nandates in other companies on 31/12/2016 and during the 5 previous financial years: Canal Logistics Brussels NV, IFMA VZW, Leasinvest Immo Lux SICAV-FIS SA, Midhan BVBA, RAB Invest NV, KUL Alumni, Belgian Luxembourg Council of Shopping Centers (BLSC), Orli Lux S.à.r.l., AE Starvilla Dreizehn Gmbh, AE Starvilla Sieben GmbH & Co OG, Frun Park Asten Gmbh, Merula Beteiligungs GmbH. And as permanent representative of Midhan SPRL, registered office in 8670 Koksijde, Duinenkranslaan 62: Haven Invest NV, Leasinvest Services NV, S. Invest I SA, P. Invest SA, Porte des Ardennes Pommerlach SA, Porte des Ardennes Schmiede S.à.r.l., T&T Koninklijk Pakhuis NV.

CEO Compensation
  • Michel's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michel's remuneration is about average for companies of similar size in Belgium.
Management Team

Michel Van Geyte

TITLE
CEO, Executive Director of Leasinvest Real Estate Management SA & MD of Leasinvest Immo Lux
COMPENSATION
€510K
AGE
53
TENURE
1.2 yrs

Tim Rens

TITLE
Chief Financial Officer of Leasinvest Real Estate Management SA
AGE
38
TENURE
2.3 yrs

Micheline Paredis

TITLE
Compliance Officer
AGE
51
Board of Directors Tenure

Average tenure and age of the Leasinvest Real Estate board of directors in years:

3
Average Tenure
59
Average Age
  • The tenure for the Leasinvest Real Estate board of directors is about average.
Board of Directors

Jan Suykens

TITLE
Chairman of Leasinvest Real Estate Management SA
AGE
59
TENURE
3 yrs

Michel Van Geyte

TITLE
CEO, Executive Director of Leasinvest Real Estate Management SA & MD of Leasinvest Immo Lux
COMPENSATION
€510K
AGE
53
TENURE
6.4 yrs

Sigrid Hermans

TITLE
Independent Director of Leasinvest Real Estate Management SA
TENURE
0.3 yrs

Jean-Louis Appelmans

TITLE
Non-Executive Director of Leasinvest Real Estate Management SA
COMPENSATION
€586K
AGE
66
TENURE
20.2 yrs

Eric Van Dyck

TITLE
Independent Director of Leasinvest Real Estate Management SA
COMPENSATION
€26K
TENURE
8.3 yrs

Piet Dejonghe

TITLE
Director of Leasinvest Real Estate Management SA
AGE
53
TENURE
3 yrs

Dirk Adriaenssen

TITLE
Independent Non-Executive Director of Leasinvest Real Estate Management SA
COMPENSATION
€26K
TENURE
1.3 yrs

Marcia De Wachter

TITLE
Independent Director of Leasinvest Real Estate Management SA
AGE
66
TENURE
0.3 yrs

Colette Dierick

TITLE
Independent Director of of Leasinvest Real Estate Management SA
AGE
59
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
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Management checks
We assess Leasinvest Real Estate's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Leasinvest Real Estate has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LEAS News

Simply Wall St News

What Should You Know About Leasinvest Real Estate SCA's (EBR:LEAS) Future?

Since Leasinvest Real Estate SCA (EBR:LEAS) released its earnings in December 2018, analyst consensus outlook seem bearish, as a 3.2% fall in profits is expected in the upcoming year relative to the past 5-year average growth rate of 11%. … For Leasinvest Real Estate, I've compiled three pertinent factors you should further examine: Financial Health: Does it have a healthy balance sheet? … Future Earnings: How does Leasinvest Real Estate's growth rate compare to its peers and the wider market?

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Leasinvest Real Estate SCA (EBR:LEAS): Poised For Long-Term Success?

Below is a brief commentary on my key takeaways on how market analysts view Leasinvest Real Estate's earnings growth outlook over the next couple of years and whether the future looks brighter. … See our latest analysis for Leasinvest Real Estate Market analysts' prospects for the coming year seems pessimistic, with earnings reducing by -3.2%. … This means, we can expect Leasinvest Real Estate will grow its earnings by 1.9% every year for the next few years.

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Is Leasinvest Real Estate (EBR:LEAS) Using Too Much Debt?

We can see that Leasinvest Real Estate SCA (EBR:LEAS) does use debt in its business. … Given this deficit is actually higher than the company's market capitalization of €604.5m, we think shareholders really should watch Leasinvest Real Estate's debt levels, like a parent watching their child ride a bike for the first time. … Since Leasinvest Real Estate does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

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These 4 Measures Indicate That Leasinvest Real Estate (EBR:LEAS) Is Using Debt Extensively

We note that Leasinvest Real Estate SCA (EBR:LEAS) does have debt on its balance sheet. … ENXTBR:LEAS Historical Debt, June 27th 2019 How Healthy Is Leasinvest Real Estate's Balance Sheet? … Either way, since Leasinvest Real Estate does have more debt than cash, it's worth keeping an eye on its balance sheet.

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Investing In Leasinvest Real Estate SCA (EBR:LEAS): What You Need To Know

Leasinvest Real Estate SCA is a €613m small-cap, real estate investment trust (REIT) based in Antwerp, Belgium. … View our latest analysis for Leasinvest Real Estate A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent. … This would take LEAS 17.06 years to pay off using just operating income, which is a long time, and risk increases with time.

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Here's What You Should Know About Leasinvest Real Estate SCA's (EBR:LEAS) 5.0% Dividend Yield

Today we'll take a closer look at Leasinvest Real Estate SCA (EBR:LEAS) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. Leasinvest Real Estate yields a solid 5.0%, although it has only been paying for two years. It's certainly an attractive yield, but readers are likely curious about its staying power. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. Earnings have grown at around 6.2% a year for the past five years, which is better than seeing them shrink! Earnings per share are growing at an acceptable rate, although the company is paying out more than half of its profits, which we think could constrain its ability to reinvest in its business. We'd also point out that Leasinvest Real Estate issued a meaningful number of new shares in the past year. Regularly issuing new shares can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Ultimately, Leasinvest Real Estate comes up short on our dividend analysis.

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How Good Is Leasinvest Real Estate SCA (EBR:LEAS), When It Comes To ROE?

This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Leasinvest Real Estate has a return on equity of 8.0% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Investing In Property Through Leasinvest Real Estate SCA (EBR:LEAS)

Leasinvest Real Estate SCA is a €563m. … real estate investment trust (REIT) based in Antwerp, Belgium. … These items can distort the bottom line and not necessarily reflective of LEAS’s daily operations.

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Could The Leasinvest Real Estate SCA (EBR:LEAS) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Leasinvest Real Estate SCA (EBR:LEAS) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Leasinvest Real Estate is a smaller company with a market capitalization of €511m, so it may still be flying under the radar of many institutional investors.

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What Can We Expect From Leasinvest Real Estate SCA's (EBR:LEAS) Earnings Over The Next Year?

Based on Leasinvest Real Estate SCA's (EBR:LEAS) earnings update in June 2018, … with earnings expected to decline by -12% in the upcoming year

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LEAS Company Info

Description

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 € 1.12 billion at present. The consolidated directly held (excl. stake in Retail Estates) real estate portfolio is invested for 54% in the Grand Duchy of Luxembourg, 36% 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%.

Details
Name: Leasinvest Real Estate SCA
LEAS
Exchange: ENXTBR
Founded:
€634,150,908
5,926,644
Website: http://www.leasinvest.be
Address: Leasinvest Real Estate SCA
Schermersstraat 42,
Antwerp,
Antwerp, 2000,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR LEAS Ordinary Shares Euronext Brussels BE EUR 02. Jul 1999
DB L3R Ordinary Shares Deutsche Boerse AG DE EUR 02. Jul 1999
LSE 0NUT Ordinary Shares London Stock Exchange GB EUR 02. Jul 1999
BATS-CHIXE LEASB Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jul 1999
Number of employees
Current staff
Staff numbers
0
Leasinvest Real Estate employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 20:59
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/03/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.