Lendlease Group (ASX: LLC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 4.18B |
| 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 (2.88%) |
| Ex-Dividend Date | Feb 23, 2024 |
| Volume | 1,523,030 |
| Open | 6.17 |
| Previous Close | 6.24 |
| Day's Range | 6.11 - 6.21 |
| 52-Week Range | 5.98 - 8.71 |
| Beta | 0.82 |
| Analysts | n/a |
| Price Target | 7.01 (+14.73%) |
| Earnings Date | Feb 18, 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 down Asia venture amid campaign for overhaul
The $147 million sale of a stake in its life sciences business comes amid activist investor demands for Lendlease to pull back from overseas markets.
Lendlease’s Michael Ullmer to step down in board overhaul
The country’s largest property group will face disgruntled investors this month, who are calling for significant changes to its strategy.
U.S. based flexible solar panel firm raises $5.6 million funding
U.S. based startup Active Surfaces, a flexible solar panel startup spun out from MIT, has secured $5.6 million in an oversubscribed pre-seed funding round. The round was led by Safar Partners, a deep-...
Lendlease to dispute $112m tax bill
Lendlease has confirmed it has been hit with a $112 million tax bill from the Australian Taxation Office, for what a whistleblower alleges is for “double-dipping” on tax benefits for its retirement tr...
Aware says it is in ‘early discussions’ with Lendlease over tax bill
The industry superannuation fund is one of the company’s largest investors and owns a big stake in the retirement living business at the centre of the audit.
Lendlease hit with $112m tax bill over retirement business
The property group has been hit with an initial $112 million bill from the Tax Office, in a dispute that could ultimately cost it more than $300 million.
Lendlease needs ‘wholesale change’ now: Allan Gray boss
Allan Gray boss Simon Mawhinney says change that would restore shareholder confidence in the property developer should come immediately.
Tanarra sharpens criticism of Lendlease’s Lombardo, Ullmer
John Wylie’s firm has been calling for major changes at the property group. In a letter to investors, it makes clear its views of the company’s chief executive.
Why this time might be different for serial underperformer Lendlease
A demerger is often the go-to solution for companies weighed down with an underperforming division. But it might not stack up for under-pressure Lendlease.
HMC Capital doubles down and increases stake in embattled Lendlease
David Di Pilla’s investment firm has increased its holdings in the construction giant a week after backing its management team.
G-G for business | Activist targets Lendlease | The future of cash
This week, James and Anthony look at what Albanese’s choice for governor-general means for business, why Lendlease is feeling the heat from John Wylie, and go inside the battle for Armaguard.
Lendlease calls in three banks as it ponders structural change
The global property developer is facing calls from its major shareholders to carve off its international division. The banks are now exploring those options.
Wylie finds heavyweight backers in push to break up Lendlease
Allan Gray, which owns 6.2 per cent of the struggling property giant, expects the sale of its overseas assets could extract up to $4 billion.
Wylie urges Lendlease to fix ‘arrogant’ culture
In a letter to the property giant, Tanarra Capital made eight recommendations it said was needed “not just for future success, but for its survival”
‘We’re being ripped off’: England’s ‘affordable-housing’ residents who are being priced out of their own homes
Service charges for shared-ownership houses have rocketed, leaving many unable to pay . We hear their stories When the construction company Lendlease first promoted the regeneration of Elephant and Ca...
Lendlease locks in $1.7b Melbourne win in race to repatriate capital
Chief Tony Lombardo is under pressure to deliver quickly on a turnaround plan, which involves refocusing efforts on Lendlease’s Australian business.
Lendlease’s luxury tower One Sydney Harbour welcomes first residents
Lendlease’s long-awaited luxury residential project in Barangaroo, One Sydney Harbour, has welcomed the first residents into the precinct’s tallest tower.
Lendlease defends guidance shock
The beleaguered property giant says it could not have disclosed a change in its forward guidance any earlier than last month’s December half announcement.
Lendlease Group goes ex dividend tomorrow
Lendlease’s epic slide started more than a quarter-century ago
After many false starts, the once-venerable property group’s latest chief faces an uphill task convincing investors he can turn around the troubled business.
Lendlease tax dispute exposes Aware Super
Superannuation fund Aware is set to become entangled in Lendlease’s $260 million dispute with the Tax Office over a portfolio of retirement village assets.
Lombardo’s next key challenge to rebuild Lendlease
After a painful earnings announcement burned his company’s shares, the CEO has a big task to keep investors on side.
Lendlease reveals liability risk from PwC-advised $260m tax scheme
Three years after it dismissed a Financial Review story on a potential tax liability as “speculative”, Lendlease has for the first time disclosed it in its results.
‘We’re not there yet’: Lendlease’s Tony Lombardo cuts profit outlook
A weaker performance is likely to put further pressure on the chief executive to speed up his turnaround of the $5.2 billion company.