Report
Tony Sherlock
EUR 147.86 For Business Accounts Only

We Like Lendlease’s Urban Regeneration Focus But Are Cautious on The Australian Apartment Market

We have long been critical of the level of disclosure detail in Lendlease Group’s operating results, which we’d describe as "economical." Bundling together development activities for large scale urban regeneration projects, residential land subdivision, and development of apartments, shopping centres, office towers and social infrastructure into a single division--development--means the investment community has a heavily obscured view of Lendlease’s underlying performance and prospects in each o...
Underlying
Lendlease Group

LendLease operates a regional management structure in Australia, Asia, Europe and the Americas. Co.'s segments include: Development, which is involved in the development of communities, inner-city mixed-use developments, apartments, retirement, retail, commercial assets and social and economic infrastructure; Construction, which provides project management, design, and construction services, predominantly in the infrastructure, defence, mixed-use, commercial, and residential sectors; and Investments, which includes a wholesale investment management platform and also includes Co.'s ownership interests in property and infrastructure Co-Investments, Retirement Living and U.S. Military Housing.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tony Sherlock

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