Lendlease Group
LLC: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| % | LOCK|w< | LOCK|&@M |
Lendlease Earnings: Turnaround Plan on Track; Securities Materially Undervalued
Business Strategy and Outlook
Lendlease is simplifying, with plans to exit the development and construction businesses overseas to focus on the Australian market. Its offshore interests will be mainly limited to owning and managing mature assets, not development or construction. This involves selling over AUD 4.5 billion in assets, including United States military housing, Australian retirement living and communities, and projects in the early stages.
