Lendlease Group

LLC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lendlease Earnings: Underwhelming Results Drive Down Our Key Assumptions; Fair Value Cut by 20%

Yingqi Tan

Feb 24, 2026

Lendlease's operating earnings fell 59% year on year to AUD 12.6 cents per security for its core investments, Australian development, and Australian construction segments. The decline largely reflects a skew of development income to the second half. Securities fell more than 7% on the day.

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Lendlease Group

Lendlease Earnings: Underwhelming Results Drive Down Our Key Assumptions; Fair Value Cut by 20%

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