Stock Spotlight: Lendlease Group (ASX:LLC)

This week's Stock Spotlight is ASX-listed Lendlease Group.


About Lendlease Group.


Lendlease Group operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas. It operates through Investments, Development, and Construction segments. The Investments segment owns and/or manages investments, including residential, office, retail, industrial, retirement, and infrastructure investment assets. The Development segment develops inner-city mixed-use developments, apartments, communities, retirement, retail, commercial assets, and social and economic infrastructure. The Construction segment provides project management, design, and construction services primarily in the commercial, residential, mixed use, defense, and social infrastructure sectors. The company was founded in 1958 and is headquartered in Barangaroo, Australia.


Source: Yahoo Finance



Key Stats

Source: Yahoo Finance, ASX. Data as of 18/09/24.


Price Performance

Growth Potential

  • Undertaking global asset divestments to become more Australian focused – this brings with it execution risk.
  • Balance sheet leverage is expected to fall to 5-15% range by FY26.
  • FY25 guidance includes one of sales proceeds which are non-recurring.
  • Upside risk to consensus expectations from better than expected pricing achieved on assets for sales.
  • We expect buyback and capital management initiatives once divestments are secured.
  • Post the major strategy shift, LLC will become a simpler and potentially more attractive business.
  • Better than expected uplift in the development pipeline.

Key Risks


  • Further provisions to the existing problem projects.
  • New projects are mispriced from a risk perspective.
  • Cut to dividends.
  • Sudden increases in interest rates.
  • Increase in apartments default rate.
  • Any delays or execution problems in development and construction that sees margin being affected.
  • Any net outflows from its investment management business.

Subscribe to our newsletter

Disclaimer: This article does not constitute financial advice nor a recommendation to invest in the securities listed. The information presented is intended to be of a factual nature only. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing.

Speak to an Advisor

RBA’s Fifth Rate Hike of 2026: Reading the ASX Signals

November 4, 2026
The RBA lifted the cash rate to 4.85% in a split vote. Here’s how higher rates flow through ASX sectors, company earnings, dividends and valuations.

Inside Anthropic’s IPO Filing: Rapid Growth, Rising Stakes

October 29, 2026
Inside Anthropic’s IPO filing: explore its soaring revenue, computing commitments, reported losses and governance structure, and what the disclosures mean for investors.

How to Read Big Tech Earnings: What to Look for Beyond Revenue Growth

October 21, 2026
Big Tech reports next week. Learn how to read earnings releases and filings, and what to look for in AI spending, cloud growth, cash flow and guidance.

Is the AI Boom Becoming a Financial Stability Risk?

October 14, 2026
Understand how AI investment could affect global financial stability, as the IMF and RBA warn of rising debt, market concentration and funding risks.

Firmus and the Price of AI Infrastructure: Is Australia Ready for an AI Mega-IPO?

October 8, 2026
Firmus’ proposed mega-IPO puts a spotlight on the cost, capital intensity and risks of building AI infrastructure as investors weigh the next phase of the AI boom.

Stock Spotlight: Electro Optic Systems Holdings Ltd (ASX:EOS)

October 6, 2026
About Electro Optic Systems Holdings Ltd. Electro Optic Systems Holdings Limited engages in the development, manufacture, and sale of telescopes and dome enclosures, laser satellite tracking systems, remote weapon systems, and high laser weapon. It operates through Defense Systems and Space Systems segments. The company develops, manufactures, and markets fire control, surveillance, weapon systems, and high energy laser to military customers. It also provides passive optical and laser sensing equipment; optical, microwave and on-the-move radio and satellite products; and laser-based surveillance systems with space tracking capability. In addition, the company offers counter-drone, firepower, force protection, and UGV and marine lethality systems, as well as high energy laser weapon; optical tracking systems, space control, space domain awareness, satellite laser ranging, space sustainability, and precision optics. It operates in Australia, the United States, Singapore, the United Arab Emirates, the United Kingdom, New Zealand, the Netherlands, North America, Germany, and rest of Europe. Electro Optic Systems Holdings Limited was founded in 1983 and is based in Symonston, Australia. Source: EODHD Key Stats

Stock Spotlight: Liontown Ltd (ASX:LTR)

October 6, 2026
About Liontown Ltd. Liontown Limited engages in the exploration, evaluation, and development of mineral properties in Australia. It primarily explores for lithium, gold, and nickel deposits. The company's flagship property is the Kathleen Valley lithium project located in Perth, Western Australia. The company was formerly known as Liontown Resources Limited and change its name to Liontown Limited in November 2025. Liontown Limited was incorporated in 2006 and is headquartered in West Perth, Australia. Source: EODHD Key Stats

The RBA Hikes to 4.60%: A New Inflation Challenge

September 30, 2026
The RBA has raised rates to 4.60% as inflation pressures persist. Explore the impact of energy costs, AI demand and the key signals investors should watch next.

Genomics: Why the Next Wave of Healthcare Innovation Could Be Written in Our DNA

September 22, 2026
Discover how advances in genomics, AI, diagnostics and gene editing are creating a broader healthcare opportunity and where commercial value is emerging.

The AI Trade Just Hit an Uncomfortable Question: What If Progress Slows?

September 15, 2026
The AI trade is being forced to rethink the pace of progress. Here is what investors should watch across Nvidia, chips, AI spending, software and adoption.