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Leasinvest Real Estate

BATS-CHIXE:LEASB
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LEASB
BATS-CHIXE
€504M
Market Cap
  1. Home
  2. GB
  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 46 days ago. More info.


Add to Portfolio Compare Print
  • Leasinvest Real Estate has significant price volatility in the past 3 months.
LEASB Share Price and Events
7 Day Returns
1.2%
BATS-CHIXE:LEASB
-4.1%
GB REITs
-2.4%
GB Market
1 Year Returns
-15.5%
BATS-CHIXE:LEASB
-24.4%
GB REITs
-25.9%
GB Market
LEASB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Leasinvest Real Estate (LEASB) 1.2% -23.6% -28.2% -15.5% -20% -9.9%
GB REITs -4.1% -23.8% -31.5% -24.4% -23.4% -29.9%
GB Market -2.4% -18% -29.1% -25.9% -26.6% -26.1%
1 Year Return vs Industry and Market
  • LEASB outperformed the REITs industry which returned -24.4% over the past year.
  • LEASB outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
LEASB
Industry
5yr Volatility vs Market
Related Companies

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
Here we compare the current share price of Leasinvest Real Estate to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Leasinvest Real Estate.

BATS-CHIXE:LEASB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:LEASB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.2%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.454 (1 + (1- 29%) (141.48%))
0.939
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.939 * 6.21%)
6.36%

Discounted Cash Flow Calculation for BATS-CHIXE:LEASB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Leasinvest Real Estate is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:LEASB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.36%)
2020 50.48 Est @ 3.53% 47.46
2021 51.81 Est @ 2.63% 45.80
2022 52.85 Est @ 2% 43.92
2023 53.67 Est @ 1.56% 41.93
2024 54.34 Est @ 1.25% 39.91
2025 54.90 Est @ 1.03% 37.91
2026 55.39 Est @ 0.88% 35.96
2027 55.82 Est @ 0.78% 34.07
2028 56.21 Est @ 0.7% 32.26
2029 56.57 Est @ 0.65% 30.53
Present value of next 10 years cash flows €389.00
BATS-CHIXE:LEASB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €56.57 × (1 + 0.53%) ÷ (6.36% – 0.53%)
€974.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €974.82 ÷ (1 + 6.36%)10
€525.98
BATS-CHIXE:LEASB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €389.00 + €525.98
€914.98
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €914.98 / 5.93
€152.57
BATS-CHIXE:LEASB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:LEASB represents 0.98824x of ENXTBR:LEAS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98824x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 152.57 x 0.98824
€150.77
Value per share (EUR) From above. €150.77
Current discount Discount to share price of €84.00
= -1 x (€84.00 - €150.77) / €150.77
44.3%

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

Current Discount
Amount off the current price Leasinvest Real Estate is available for.
Intrinsic value
44%
Share price is €84 vs Future cash flow value of €150.77
Current Discount Checks
For Leasinvest Real Estate to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Leasinvest Real Estate's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Leasinvest Real Estate's share price is below the future cash flow value, and at a substantial discount (> 40%).
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
BATS-CHIXE:LEASB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €8.42
ENXTBR:LEAS Share Price ** ENXTBR (2020-04-03) in EUR €85
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.58x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.31x

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

** Primary Listing of Leasinvest Real Estate.

BATS-CHIXE:LEASB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 85 ÷ 8.42

10.1x

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 GB REITs industry average.
  • Leasinvest Real Estate is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Leasinvest Real Estate's expected growth come at a high price?
Raw Data
BATS-CHIXE:LEASB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-11.3%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.67x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:LEASB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.1x ÷ -11.3%

-0.89x

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

  • Leasinvest Real Estate earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Leasinvest Real Estate's assets?
Raw Data
BATS-CHIXE:LEASB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €83.11
ENXTBR:LEAS Share Price * ENXTBR (2020-04-03) in EUR €85
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.73x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.06x
BATS-CHIXE:LEASB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 85 ÷ 83.11

1.02x

* 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 GB 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 4/6, 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.

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
-11.3%
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 are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Leasinvest Real Estate's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Leasinvest Real Estate's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:LEASB Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:LEASB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -11.3%
BATS-CHIXE:LEASB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.7%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 25.9%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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
BATS-CHIXE:LEASB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
BATS-CHIXE:LEASB 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
2020-04-06
BATS-CHIXE:LEASB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 63 50
2019-09-30 61 51
2019-06-30 58 49 44
2019-03-31 56 43 41
2018-12-31 54 37 38
2018-09-30 54 43
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Leasinvest Real Estate's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Leasinvest Real Estate's revenue is expected to grow by 3.7% 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
BATS-CHIXE:LEASB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:LEASB 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
2020-04-06
BATS-CHIXE:LEASB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 8.42
2019-09-30 8.58
2019-06-30 7.72
2019-03-31 7.56
2018-12-31 7.37
2018-09-30 8.74
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

*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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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 1/6, 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.

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 exceeds its 5-year average (30.6% vs 10.6%)
  • Leasinvest Real Estate's earnings growth has exceeded the GB REITs industry average in the past year (30.6% vs -21.6%).
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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:LEASB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 63.15 49.90 3.01
2019-09-30 60.87 50.62 3.12
2019-06-30 58.07 43.82 3.22
2019-03-31 55.98 41.01 3.08
2018-12-31 53.89 38.19 2.94
2018-09-30 53.72 43.19 2.82
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

*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 GB 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 3/6, 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.

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 0x 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 3 months ago.

BATS-CHIXE:LEASB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 492.58 712.75 5.01
2019-09-30 475.58 752.13 4.91
2019-06-30 464.43 667.45 4.18
2019-03-31 464.43 667.45 4.18
2018-12-31 475.81 632.69 7.40
2018-09-30
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
  • Leasinvest Real Estate's level of debt (144.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (142.6% vs 144.7% today).
  • Debt is not well covered by operating cash flow (6.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x 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.

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
6.18%
Current annual income from Leasinvest Real Estate dividends. Estimated to be 6.72% next year.
If you bought €2,000 of Leasinvest Real Estate shares you are expected to receive €124 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 United Kingdom of Great Britain and Northern Ireland (2.66%).
  • Leasinvest Real Estate's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.4%).
Upcoming dividend payment

Purchase Leasinvest Real Estate before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
BATS-CHIXE:LEASB 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
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 587 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:LEASB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.77 2.00
2020-12-31 5.60 1.00
2020-04-06
BATS-CHIXE:LEASB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-20 5.250 5.562
2019-04-01 5.100 4.584
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

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

  • Dividends per share have been stable in the past 10 years.
  • 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 (1.9x 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 1.3%) - 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.

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 1.8 years
CEO Bio

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 Estates N.V. since May 17, 2019 until January 2020. 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 lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
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
1.8 yrs

Tim Rens

TITLE
Chief Financial Officer of Leasinvest Real Estate Management SA
AGE
38
TENURE
2.9 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:

3.7
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
3.7 yrs

Michel Van Geyte

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

Sigrid Hermans

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

Jean-Louis Appelmans

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

Eric Van Dyck

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

Piet Dejonghe

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

Dirk Adriaenssen

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

Marcia De Wachter

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

Colette Dierick

TITLE
Independent Director of of Leasinvest Real Estate Management SA
AGE
59
TENURE
0.9 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 (€)
X
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.

News

Simply Wall St News

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 € 1.16 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%.

Details
Name: Leasinvest Real Estate SCA
LEASB
Exchange: BATS-CHIXE
Founded:
€503,764,740
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: 2020/04/06 19:50
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.