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Lendlease’s business comprises three segments: development, investments, and construction. Development accounted for more than half of EBITDA in 2020, and the future pipeline is so large it cannot be funded from its own balance sheet. The group is selling projects stakes to its funds management clients. This sacrifices development profit, in return for management fees, reduced risk, and capital to accelerate its development pipeline. Construction generates large revenues but slim margins. This business is retained to preserve expertise and scale for the development business. Lendlease sold its engineering and services business during the pandemic, but retains some risks, notably the Melbourne Metro project which has years to run. It is also reducing its exposure to retirement living.
URL https://www.lendlease.com
Investor Relations URL N/A
HQ State/Province N/A
Sector Real Estate
Industry Real Estate Management & Development
Equity Style Mid Cap/Blend
Next Earnings Release Feb. 19, 2025 (est.)
Last Earnings Release Aug. 19, 2024
Next Ex-Dividend Date N/A
Last Ex-Dividend Date Aug. 23, 2024

Profile

Lendlease’s business comprises three segments: development, investments, and construction. Development accounted for more than half of EBITDA in 2020, and the future pipeline is so large it cannot be funded from its own balance sheet. The group is selling projects stakes to its funds management clients. This sacrifices development profit, in return for management fees, reduced risk, and capital to accelerate its development pipeline. Construction generates large revenues but slim margins. This business is retained to preserve expertise and scale for the development business. Lendlease sold its engineering and services business during the pandemic, but retains some risks, notably the Melbourne Metro project which has years to run. It is also reducing its exposure to retirement living.
URL https://www.lendlease.com
Investor Relations URL N/A
HQ State/Province N/A
Sector Real Estate
Industry Real Estate Management & Development
Equity Style Mid Cap/Blend
Next Earnings Release Feb. 19, 2025 (est.)
Last Earnings Release Aug. 19, 2024
Next Ex-Dividend Date N/A
Last Ex-Dividend Date Aug. 23, 2024