Lendlease Group (ASX: LLC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 3.89B |
| Revenue (ttm) | 10.15B |
| Net Income (ttm) | -227.00M |
| Shares Out | 683.00M |
| EPS (ttm) | -0.33 |
| PE Ratio | n/a |
| Forward PE | 10.45 |
| Dividend | 0.18 (3.09%) |
| Ex-Dividend Date | Feb 23, 2024 |
| Volume | 1,166,727 |
| Open | 5.65 |
| Previous Close | 5.66 |
| Day's Range | n/a |
| 52-Week Range | 5.32 - 8.71 |
| Beta | 0.85 |
| Analysts | n/a |
| Price Target | 6.46 (+13.53%) |
| Earnings Date | Aug 19, 2024 |
About Lendlease Group
Lendlease Group operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas. It operates through Development, Construction, and Investments segments. The Development segment develops inner-city mixed-use developments, apartments, communities, retirement, retail, commercial assets, and social and economic infrastructure. The Construction segment provides project management, design, and construction services primarily in the commercial, residential, mixed use, defense, and social infrastructure sector... [Read more]
Financial Performance
In 2023, LLC's revenue was 10.40 billion, an increase of 15.87% compared to the previous year's 8.97 billion. Losses were -232.00 million, 134.3% more than in 2022.
Financial StatementsNews
Lendlease sells US military housing business for $480m
The divestment of its contract to maintain and manage 40,000 military housing units is the latest part in the $4.5 billion divestment and global retreat.
Former Lendlease boss Steve McCann takes top job at Star Entertainment
The businessman also ran the casino group’s rival, Crown Resorts, before it was sold to Blackstone. He will receive a $2.5 million sign-on bonus.
Five lessons from the Lendlease debacle
Lendlease was globally recognised for engineering excellence, its ability to build thriving community spaces, and its nurturing of many leading CEOs. Its diminution is instructive as well.
Low-key investor buys entire floor of luxury Sydney tower for $39m
Property investor Qing Zhong has forked out almost $39 million for an entire floor of Lendlease’s One Sydney Harbour.
Lendlease taps interest for $1.8b ‘tallest’ timber tower in Sydney
The global developer is moving swiftly on its radical restructure. Chief Tony Lombardo has fronted investors with plans for the world’s tallest hybrid tower.
Lendlease profit cut after ACCC delay on $1.3b estates sale
The earnings downgrade comes as an early blow for the company’s radical reset of its vast development business through a $4.5 billion divestment program.
Why Lendlease is rebuilding after going big and going home
The Australian builder, developer and investor promises major change. But questions remain unanswered by the activist target.
Investor’s rein in Lendlease’s global expansion
It’s a myth that Australian companies don’t do well overseas. Yet, it is hard not to be disappointed at this ebbing of an Australian company with vision in its blood from the start.
Why Lendlease couldn’t grow like Westfield or Goodman
The developers’ mantra “think global, act local” makes sense but too often the offshore investments, by Lendlease and many others, have lacked discipline.
Lendlease sells US construction business days after strategy reset
The development giant had on Monday outlined plans to progressively offload its international construction and property assets as investor unrest mounted.
If Lendlease shrinks abroad, it must also grow at home: analysts
Analysts have endorsed Lendlease’s radical retreat to Australia, where the global developer is better performing, but warn considerable execution risk remains.
ASX 200 LIVE: Australian shares are poised to open higher, April retail sales data is awaited
Australian shares are set to advance modestly at the open. UK, US markets were closed overnight. Lendlease, BHP and Healthscope in focus. Follow updates here.
How Lendlease yanked the handbrake in Britain
The developer whipped up a $58 billion pipeline in barely a decade. As it goes into reverse, Australia’s super funds could be waiting in the wings.
Inside the last days of Lendlease’s global empire
Three of the country’s most senior investment bankers were drafted in to advise the property giant on its biggest reset for at least a quarter of a century.
ASX to edge higher, April retail sales awaited
Australian shares are set to advance modestly at the open. UK, US markets were closed overnight. Lendlease, BHP and Healthscope in focus.
Beware ‘unknowns’ in Lendlease’s $4.5b turnaround, say old hands
“If you’re going to exit today, tomorrow, the next day, you’re going to leave a lot on the table,” a former executive said.
Australia's Lendlease exits offshore markets to focus on local growth
Australian developer Lendlease will retreat from its overseas construction businesses and free up to A$4.5 billion ($2.9 billion) in capital for shareholders, putting a lid on its international ambiti...
Lendlease ditches overseas construction
Lendlease will abandon its global international construction operations as part of a broader restructure that will make nearly 3000 workers redundant over the next 18 months.
Lendlease takes $1.48b hit | Optus loses appeal
Read everything that’s happened in the news so far today.
Lendlease Quits International Construction to Free $2.98 Billion
The Australian real-estate developer plans to exit international construction amid what it called a prolonged market downturn, freeing $2.98 billion for capital returns, debt reduction and local growt...
Lendlease books $1.48b writedown as it ends overseas developments
The property giant expects its new strategy to free up to $4.5 billion for shareholders and local growth, and is embarking on a $500 million share buy-back.
Lendlease investors cheer decision to shut overseas construction
The property giant expects its new strategy to free up $4.5 billion of capital and will sweeten the deal with a $500 million share buy-back.
ASX 200 LIVE: Australian shares to bounce after US tech rally; Lendlease to pivot global strategy
Australian shares are poised to start the week higher. Mag 7 stocks push higher in US trading on Friday. Lendlease strategy update awaited. Follow for more
Lendlease to end global ambitions and put $4b in assets on the market
While it will retain its Asian investment platform, the restructure will be the biggest shake-up at the property giant since it sold MLC two decades ago.
John Wylie’s Tanarra pushes for Bapcor shake-up
Bapcor, which runs 1100 outlets selling car parts under the Autobarn, Autopro and Burson brands, is now in the sights of Tanarra Capital, which has pushed for change at Lendlease.