Who are Leopalace21's main competitors?

Named competitors: Daito Trust Construction (1878.T), Sekisui House (1928.T), Sekisui Chemical (4204.T), Token Corporation (1766.T). The cockpit's measured peer set (industry) also includes China Enterprise (600675.SS), Nanjing Gaoke (600064.SS), Fabege (FABG.ST), Metrovacesa (MVC.MC), Argan (ARG.PA), Zhaojin International Gold (000506.SZ).

Is Leopalace21 expensive compared with its peers?

On forward p/e it trades at 13.0× against a peer median of 13.3×, 9th cheapest of 17 in its peer set.

How has Leopalace21 stock performed?

Over six months to 6 Nov 2026 the shares returned +51.5% against -5.4% for the median peer; over one year +52.0%.

← CockpitCompetitor Analysis › 8848.T Leopalace21 CorporationOpen in the cockpit ↗

Leopalace21 Corporation8848.TCompetitor analysis, valuation and peers

Japan · JPY·Real Estate›Real Estate Development

Japanese builder-landlord that constructs and manages rental apartments nationwide, plus resort hotels in Guam.

≈ A cross between a homebuilder and a landlord's property managerMomentum leader 98

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.99B

US dollars, full cap

Free float

59%

of shares outstanding

$/day

$22.9M

20-day average traded

Fwd P/E

13.0×

forward earnings

ROIC−WACC

n/a

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

7 days

13 Nov 2026

Close · JPY¥988

1D-0.1%

1W-0.7%

1M-1.6%

3M+47.0%

6M+51.5%

YTD+50.1%

1Y+52.0%

ATR %0.8%

52w lowhigh6.8% off high

What Leopalace21 does

Japanese builder-landlord that constructs and manages rental apartments nationwide, plus resort hotels in Guam.

Leases whole buildings from the landlords it built them for, guaranteeing the rent, then sublets rooms to tenants, so profit is the gap between rent collected and rent paid and depends on occupancy. A 2018 disclosure of faulty construction in some buildings led to remediation work and a restructuring that has reshaped the business.

In one line: A cross between a homebuilder and a landlord's property manager.

Products and services

Apartment construction
Sublease/property management
Resort hotels (Guam)
Senior housing

Customers

Individual landlords
Renters (mostly single working adults)

Where it sits in the supply chain

Real estate
Rental housing
Build-to-rent apartments
Property management

What could go right

Rental housing demand from single households
Hotel/resort recovery

What could go wrong

Reputational overhang from past defects
Rental oversupply in some regions

Moat: narrow (installed base, distribution). Large existing managed-unit base and landlord relationships, but building/leasing itself is not differentiated.

Headquarters: Tokyo, Japan · Founded: 1973 · Employees: 4,150

Named competitors

Leopalace21 at a glance

Size Leopalace21 (8848.T) is a Japan Real Estate company (Real Estate Development) with a market value of $1.99B, the 484th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥988 on 6 Nov 2026.

Performance Over six months the shares gained 51.5%, against -5.4% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 3.3% over the last twelve months (peer median +8.5%); the operating margin is 8.0% (peer median 19.1%).

Valuation It trades at 13.0× forward earnings against a peer median of 13.3× (9th cheapest of 17).

Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Leopalace21 against the median of its 20 peers (local-currency closes).

Leopalace21 financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥449B	¥445B	¥432B	¥423B	¥406B
Revenue growth	—	+3%	+2%	+4%	—
Gross profit	¥90.7B	¥88.4B	¥76.7B	¥68.1B	¥52.3B
EBITDA	¥39.3B	¥39.2B	¥32.7B	¥28.0B	¥16.5B
Net income	¥21.4B	¥14.9B	¥17.9B	¥42.1B	¥19.8B
Free cash flow	n/a	¥37.6B	¥24.5B	¥20.2B	¥10.2B
Capital expenditure	n/a	¥997M	¥489M	¥319M	¥610M
Total debt	¥32.4B	¥32.6B	¥31.6B	¥30.9B	¥31.8B

Quarterly statements and history in the cockpit →

Leopalace21 competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Leopalace21 is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Leopalace21 is the large dot.

Leopalace21 competitors and peer comparison

Head to head with its named competitors (8848.T vs 1878.T vs 1928.T vs 4204.T)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Leopalace21 8848.T	$1.99B	+52%	+3%	8%	13.0×	n/a
Daito Trust Construction 1878.T	$7.10B	-7%	+6%	7%	9.7×	n/a
Sekisui House 1928.T	$14.1B	+2%	-2%	9%	10.0×	-5.1%
Sekisui Chemical 4204.T	$6.61B	+9%	+6%	9%	13.4×	n/a
Token 1766.T	$1.07B	-1%	+5%	6%	8.2×	n/a

How Leopalace21 compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Leopalace21 against its 20 peers (data as of 6 Nov 2026)
Measure	8848.T	Peer median	Rank in peer set
1-month return	-1.6%	+1.4%	7th lowest of 21
6-month return	+51.5%	-5.4%	highest of 21
Distance from 52-week high	-6.8%	-24.2%	highest of 21
Revenue growth (TTM)	+3.3%	+8.5%	8th lowest of 21
Operating margin	8.0%	19.1%	6th lowest of 21
Forward P/E	13.0×	13.3×	9th cheapest of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Leopalace21 8848.T	Japan	$1.99B	+52%	+3%	8%	13.0×	n/a	n/a
China Enterprise 600675.SS	China	$1.98B	-15%	-35%	4%	n/a	n/a	n/a
Nanjing Gaoke 600064.SS	China	$2.00B	-4%	+4%	-18%	5.8×	n/a	n/a
Fabege FABG.ST	Sweden	$2.02B	-16%	+27%	59%	14.7×	n/a	n/a
Metrovacesa MVC.MC	Spain	$1.95B	-5%	+58%	13%	26.4×	n/a	n/a
Argan ARG.PA	France	$1.95B	+14%	+5%	78%	11.2×	n/a	n/a
Zhaojin International Gold 000506.SZ	China	$1.95B	-13%	+42%	27%	n/a	n/a	n/a
Neinor Homes HOME.MC	Spain	$2.04B	+10%	+165%	10%	13.0×	n/a	n/a
Entra ENTRA.OL	Norway	$1.95B	-4%	-9%	82%	15.2×	n/a	n/a
Altarea SCA ALTA.PA	France	$2.05B	-31%	-20%	9%	9.9×	n/a	n/a
Brigade Enterprises BRIGADE.NS	India	$1.93B	-4%	-4%	23%	20.0×	n/a	n/a
Poly Property Services 6049.HK	Hong Kong	$1.92B	-14%	+8%	11%	7.9×	n/a	n/a
Shanghai Industrial 0363.HK	Hong Kong	$1.89B	-14%	-28%	15%	7.1×	n/a	n/a
Inmocemento IMC.MC	Spain	$1.88B	-4%	+10%	29%	n/a	n/a	n/a
Winnovation Culturaltainment Development Limited 000620.SZ	China	$2.12B	-6%	+14%	-39%	66.0×	n/a	n/a
Country Garden Services 6098.HK	Hong Kong	$2.13B	-21%	+11%	4%	7.0×	n/a	n/a
Hufvudstaden HUFV-A.ST	Sweden	$2.14B	-5%	-4%	47%	20.9×	n/a	n/a
Sirius Real Estate SRE.L	United Kingdom	$2.14B	+1%	+13%	41%	13.6×	n/a	n/a
Lumo Homes LUMO.HE	Finland	$2.14B	-3%	+1%	59%	15.8×	n/a	n/a
Hang Lung 0010.HK	Hong Kong	$2.14B	-25%	+9%	53%	n/a	n/a	n/a
Newmark NMRK	United States	$2.16B	-29%	+16%	7%	6.1×	n/a	n/a

Questions

Who are Leopalace21's main competitors?: Named competitors: Daito Trust Construction (1878.T), Sekisui House (1928.T), Sekisui Chemical (4204.T), Token Corporation (1766.T). The cockpit's measured peer set (industry) also includes China Enterprise (600675.SS), Nanjing Gaoke (600064.SS), Fabege (FABG.ST), Metrovacesa (MVC.MC), Argan (ARG.PA), Zhaojin International Gold (000506.SZ).
Is Leopalace21 expensive compared with its peers?: On forward p/e it trades at 13.0× against a peer median of 13.3×, 9th cheapest of 17 in its peer set.
How has Leopalace21 stock performed?: Over six months to 6 Nov 2026 the shares returned +51.5% against -5.4% for the median peer; over one year +52.0%.