Opendoor Technologies (OPEN) Current Leases (2019 - 2024)
Opendoor Technologies (OPEN) recorded Current Leases of $4 million in Q1 2024, down 42.9% from $7 million a year earlier and down 20.0% from the prior quarter.
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Analysis
Opendoor Technologies (OPEN) Current Leases (2019 - 2024) Analysis & Trends
At the end of FY2023, Opendoor Technologies reported Current Leases of $5 million, down 28.6% from FY2022.
- Annual Current Leases has a four-year compound annual growth rate of -21.9% (FY2019 to FY2023).
- Across earlier years, Current Leases came in at $7 million in FY2022 (+75.0%), $4 million in FY2021 (-80.7%), $20.72 million in FY2020 (+53.8%) and $13.47 million in FY2019.
- Quarterly Current Leases has ranged from $4 million in Q4 2021 to $20.72 million in Q4 2020 over the past five years.
- On a year-over-year basis, Current Leases rose in four of the last eight quarters, with growth averaging 11.2%.
- Peak year-over-year performance for Current Leases in the last five years was growth of 75.0% in Q4 2022, against a decline of 80.7% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $5 million (Q4 2023), $6 million (Q3 2023) and $7 million (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 20.13 Bn | 19.12 Bn | 106.12 Mn | - |
| 2 | LandBridge | 5.63 Bn | 5.99 Bn | 69.80 Mn | - |
| 3 | Howard Hughes Holdings | 4.96 Bn | -3.82 Bn | 435.75 Mn | - |
| 4 | Millrose Properties | 3.99 Bn | 3.81 Bn | - | - |
| 5 | St Joe | 3.98 Bn | 3.49 Bn | 80.65 Mn | - |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.31 Bn | 2.12 Bn | - | - |
| 7 | EagleRock Land | 2.77 Bn | 4.07 Bn | 39.50 Mn | - |
| 8 | Forestar | 1.14 Bn | 1.14 Bn | - | - |
| 9 | Opendoor Technologies | 1.11 Bn | -2.66 Bn | 38.00 Mn | - |
| 10 | Five Point Holdings | 664.60 Mn | 682.31 Mn | 7.10 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 4.00 Mn |
| Dec 31, 2023 | 5.00 Mn |
| Sep 30, 2023 | 6.00 Mn |
| Jun 30, 2023 | 7.00 Mn |
| Mar 31, 2023 | 7.00 Mn |
| Dec 31, 2022 | 7.00 Mn |
| Sep 30, 2022 | 6.00 Mn |
| Jun 30, 2022 | 7.00 Mn |
| Mar 31, 2022 | 6.00 Mn |
| Dec 31, 2021 | 4.00 Mn |
| Sep 30, 2021 | 4.64 Mn |
| Jun 30, 2021 | 5.00 Mn |
| Mar 31, 2021 | 4.49 Mn |
| Dec 31, 2020 | 20.72 Mn |
| Dec 31, 2019 | 13.47 Mn |
API Access
Opendoor Technologies Current Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=current-leases&ticker=OPEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-leases", "ticker": "OPEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=current-leases&ticker=OPEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();