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Lendlease Group
(Sydney:LLC)
Lendlease Group (LLC) vs. iShares MSCI Australia ETF (EWA)
Lendlease Group Business Overview & Revenue Model
Lendlease Group Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.60B | 9.22B | 10.23B | 8.82B | 9.77B |
| Gross Profit | 404.00M | 776.00M | 587.00M | 682.00M | 639.00M |
| EBITDA | 739.00M | -974.00M | 87.00M | 87.00M | -196.00M |
| Net Income | 225.00M | -1.50B | -232.00M | -99.00M | 222.00M |
Balance Sheet | |||||
| Total Assets | 14.13B | 16.77B | 18.99B | 17.81B | 17.69B |
| Cash, Cash Equivalents and Short-Term Investments | 621.00M | 1.00B | 900.00M | 1.30B | 1.66B |
| Total Debt | 4.05B | 4.18B | 3.67B | 2.77B | 2.83B |
| Total Liabilities | 8.99B | 11.89B | 12.35B | 10.84B | 10.74B |
| Stockholders Equity | 5.11B | 4.84B | 6.62B | 6.94B | 6.93B |
Cash Flow | |||||
| Free Cash Flow | -783.00M | -118.00M | -568.00M | -920.00M | 347.00M |
| Operating Cash Flow | -775.00M | -55.00M | -486.00M | -835.00M | 468.00M |
| Investing Cash Flow | 928.00M | -552.00M | -758.00M | 554.00M | -214.00M |
| Financing Cash Flow | -532.00M | 723.00M | 723.00M | -108.00M | -148.00M |
Lendlease Group Technical Analysis
Lendlease Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$12.41B | 14.02 | 7.99% | 4.29% | 4.75% | 170.39% | |
74 Outperform | AU$19.93B | 11.18 | 7.71% | 4.13% | 5.44% | 231.88% | |
70 Outperform | $10.44B | 27.44 | 24.58% | 1.97% | 15.06% | 47.66% | |
69 Neutral | $9.69B | 9.88 | 3.56% | 4.41% | 12.66% | ― | |
66 Neutral | AU$8.09B | 20.96 | 0.71% | 4.39% | -18.48% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
55 Neutral | AU$2.88B | -20.29 | 4.37% | 4.55% | -17.23% | ― |
Lendlease Group Corporate Events
Lendlease Trust has released its consolidated financial report for the half year ended 31 December 2025, providing investors with updated financial information on the trust’s performance and position. The report’s lodgement signals ongoing compliance with disclosure obligations and offers stakeholders greater transparency into the trust’s operations within the broader Lendlease Group structure.
The publication of the half-year financials may inform market assessments of Lendlease’s managed investment vehicles and influence investor sentiment toward the group’s property and infrastructure activities. By formally releasing these results, Lendlease supports informed decision-making for securityholders and maintains its communication standards with the market and regulators.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease Group has declared a distribution of AUD 0.06204589 per fully paid ordinary stapled security for the six‑month period ended 31 December 2025. The distribution will trade ex‑distribution on 27 February 2026, with a record date of 2 March and payment scheduled for 18 March 2026.
The timetable gives existing investors clarity on near‑term cash returns and may factor into portfolio and income planning for yield‑focused holders of LLC securities. The distribution reflects the group’s ongoing practice of semi‑annual payments tied to its reporting periods, reinforcing its positioning as an income‑oriented listed property and infrastructure vehicle.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease has secured the Sydney Metro Hunter Street West Over Station Development, including construction of the new metro station and delivery of a 52-storey premium commercial tower in Sydney’s CBD. The West Tower is designed as a prime-grade, 6 Star Green Star-rated office building with around 58,000 square metres of commercial space and 1,000 square metres of retail, underpinning an estimated gross end value of about $2.2 billion, alongside a separate station construction contract worth around $1.5 billion, with work targeted to start in FY27 and complete in 2032. The project is expected to bolster Lendlease’s future earnings through development management and performance fees and construction income, with returns forecast to exceed its cost of equity under a capital-efficient structure. This award accelerates the restocking of the company’s Australian development pipeline towards a target of more than $10 billion of new opportunities in FY26 and adds to an already secured $10 billion pipeline, while complementing advanced plans for the RNA Showgrounds in Brisbane and a major residential metro project in Melbourne, underscoring management’s focus on balance sheet strength and growth across core Australian segments.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease Group has reported a change in the interests of its Chief Executive Officer and Managing Director, Anthony Lombardo, with an increase in his indirect holdings through equity-based incentives. On 22 December 2025, Lombardo was granted 597,688 Performance Rights under the FY26 Long-Term Award plan and 486,397 Market-Priced Options under the FY26 Transformation Award plan, adding to his existing portfolio of stapled securities, deferred rights, performance rights, and options. The new awards highlight Lendlease’s continued use of long-term, performance-based equity incentives to align executive remuneration with shareholder returns and the company’s multi-year transformation and growth objectives, reinforcing management’s stake in the company’s future performance.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease Group has notified the market of the issue of 2,805,695 unquoted options under its employee incentive scheme, each exercisable at $5.354 and expiring on 1 September 2032. The issuance, formally recorded on 23 December 2025 with an issue date of 17 December 2025, is part of Lendlease’s ongoing use of equity-based remuneration to align staff incentives with shareholder interests, potentially leading to future share dilution but reinforcing the company’s strategy of retaining and motivating key employees in a competitive property and infrastructure market.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease Group has notified the market of the planned issue of 9,230,171 unquoted options, each exercisable at $5.354 and expiring on 1 September 2032, to be granted on 4 November 2025. These options will be issued under an employee incentive scheme and are not intended to be quoted on the ASX, underscoring the company’s continued use of long-term equity-based remuneration to align staff interests with shareholders and to support talent retention within the organisation.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease Group has notified the market of the issue of 3,350,294 unquoted rights under its employee incentive scheme, effective 17 December 2025. The new awards, classified as unquoted equity securities not intended to be listed on the ASX, underline the group’s ongoing use of equity-based remuneration to align staff interests with shareholders and support retention and performance across the business.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease Group has notified the market that 31,062 award rights (ASX code LLCAA) have lapsed after the conditions attached to those conditional rights were not met or became incapable of being satisfied, effective 17 October 2025. The cessation marginally reduces the company’s pool of potential equity issuance under its incentive arrangements, signalling that certain performance or service hurdles for these awards were not achieved, but it does not affect existing ordinary securities and is unlikely to have a material impact on Lendlease’s capital structure or day‑to‑day operations.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease has agreed to sell a 40% interest in The Exchange TRX retail mall and its entire 60% stake in the adjacent office tower in Malaysia for about $400 million to the Valiram Family Office, as part of its FY26 capital recycling strategy. Following completion, the group will retain a 20% investment in the mall, as well as majority stakes in the adjoining hotel and residential land, which remain earmarked for future divestment, while advisers have been appointed to sell the hotel. The company continues to target $2 billion of capital recycling from its Capital Release Unit in FY26, but slower-than-expected transaction activity has pushed anticipated cash inflows of around $1 billion from the first to the second half and is expected to leave the unit loss-making in the first half. Lendlease is still aiming to cut group gearing to about 15% by the end of FY26 through $2 billion of CRU asset sales, a $300 million joint venture settlement with The Crown Estate and $1 billion of broader asset recycling, although delays of roughly $1.2 billion in deal timing are expected to temporarily lift gearing into the mid to high 30% range at the half-year, before future project settlements, including One Circular Quay and Victoria Harbour in FY27, provide additional proceeds.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.
Lendlease Group announced a leadership transition with Simon Dixon stepping down as Group Chief Financial Officer on February 28, 2026, to relocate to Asia. Andrew Nieland, currently the Chief Financial Officer for Investment Management, will succeed him starting March 1, 2026. Dixon will continue in a strategic advisory role until the end of 2026, ensuring a smooth transition and supporting key capital initiatives. This change highlights Lendlease’s commitment to leadership continuity and strategic growth.
The most recent analyst rating on (AU:LLC) stock is a Hold with a A$6.58 price target. To see the full list of analyst forecasts on Lendlease Group stock, see the AU:LLC Stock Forecast page.