Lendlease Group (ASX: LLC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 4.08B |
| 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 (2.95%) |
| Ex-Dividend Date | Feb 23, 2024 |
| Volume | 6,468,819 |
| Open | 6.08 |
| Previous Close | 5.99 |
| Day's Range | 5.95 - 6.18 |
| 52-Week Range | 5.73 - 8.71 |
| Beta | 0.82 |
| Analysts | n/a |
| Price Target | 7.01 (+17.62%) |
| 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
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.
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.
Lendlease chairman Ullmer to step down at November AGM
Michael Ullmer has bowed to investor pressure, confirming he will step down at the company’s shareholder meeting in November.
Lendlease tax whistleblower’s 12-year fight for vindication
Lendlease’s tax dispute could cost it at least $112m, but whistleblower Anthony Watson has lost his job, battled depression and is about to sell his family home.
Aware Super wants a new chairman at Lendlease, fast
Lendlease’s biggest investor has called for an external candidate to replace Michael Ullmer, and urgently steer the embattled developer’s turnaround.
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.