Lendlease Group

LLC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	H	LOCK\|$NB	LOCK\|W^

Lendlease: The Good, The Bad, and The Ugly; Lowering Fair Value Estimate by 38% to AUD 4

Yingqi Tan

Jun 3, 2026

Lendlease sold the development rights in a mixed-use project in Milan, Italy, for cash proceeds of AUD 90 million. Management expects the below-book sale to result in an aftertax operating loss of AUD 175 million in fiscal 2026.

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Lendlease Group

Lendlease: The Good, The Bad, and The Ugly; Lowering Fair Value Estimate by 38% to AUD 4

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