Lendlease ( (LLESY) ) has released its Q4 earnings. Here is a breakdown of the information Lendlease presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lendlease is a prominent Australian real estate company specializing in investments, development, and construction, with a focus on creating sustainable urban precincts and managing funds for global investors. In its latest earnings report, Lendlease highlighted a transformative year marked by strategic simplification and capital recycling initiatives, resulting in a return to profitability. Key financial achievements included a statutory profit of $225 million and an operating profit after tax of $386 million, driven by successful capital recycling and strong performance in investments and development segments. The company also secured significant new projects and partnerships, enhancing its development pipeline and construction backlog. Looking ahead, Lendlease aims to continue its momentum by focusing on sustainable growth, capital recycling, and strengthening its balance sheet, with a target to secure over $10 billion in new development opportunities in the coming year.