Lendlease Group ( (LLESF) ) has released its Q4 earnings. Here is a breakdown of the information Lendlease Group presented to its investors.
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Lendlease Group is a prominent Australian real estate company known for its international investments platform, specializing in urban development and construction projects that enhance city living and community connectivity. The company has reported a transformative year in its latest earnings, marked by strategic simplifications and capital recycling initiatives aimed at strengthening its financial position and operational performance. Key financial highlights include a return to statutory and operating profit, with a notable increase in earnings per security, driven by successful capital recycling and divestment of international construction operations. The company also reported significant growth in its investment management business and development pipeline, securing new mandates and joint ventures that promise future growth. Looking ahead, Lendlease remains focused on sustainable growth and improving securityholder returns, with plans to expand its development pipeline and continue its capital recycling efforts to maintain a strong balance sheet.