Lendlease Group

LLC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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We Trim Lendlease's Fair Value by 20% on Underwhelming Results

Yingqi Tan

Feb 24, 2026

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.

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Lendlease Group

We Trim Lendlease's Fair Value by 20% on Underwhelming Results

Business Strategy and Outlook

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