
Lendlease Group (LLESY) Q2 2026 Earnings Call Transcript
Lendlease Group (LLESY) Q2 2026 Earnings Call Transcript
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Lendlease Group (LLESY) Q2 2026 Earnings Call Transcript

At the start of 2025, Fund Management highlighted a growing disconnect between the earnings-compounding ability of the Fund's holdings and the low multiples at which they were trading. If this disconnect persisted, privatization activity at meaningful premiums could accelerate. Two of the Fund's self-storage holdings also entered privatization negotiations during the quarter.

Lendlease Group (OTCPK:LLESY) Shareholder/Analyst Call November 13, 2025 6:00 PM EST Company Participants John Gillam Anthony Lombardo - Group CEO, MD & Executive Director Lianne Buck Soo Chan Ann Robert Welanetz Mary Weaver - Company Secretary Conference Call Participants Peter Gregory Presentation John Gillam Good morning, everyone, and welcome to our 2025 Annual General Meeting. My name is John Gillam, I'm the Chairman of the Lendlease Group, and it's an absolute pleasure to have you with us here today, particularly if you're here in our office at Barangaroo in Sydney or you're with us online via the webcast or the platform.

Key Highlights Following the acquisition, Singapore will represent 89% of the portfolio – reinforcing geographic focus while enhancing income stability and portfolio resilience. Prime location with excellent connectivity to support long-term income growth.

Key Highlights Post financial year end, the Manager entered into an agreement to divest Jem office for S$462.0 million, in line with valuation. The transaction will strengthen Lendlease REIT's capital structure, positioning it for future growth.

Britain's Crown Estate, which manages King Charles' public property, signed a partnership deal with Australian real estate group Lendlease to build new homes and develop science and innovation hubs in the UK, the government said on Monday.

Lendlease has announced a significant strategic move, entering a 50/50 joint venture with the UK's Crown Estate to offload six of its UK development projects in a partnership set to unlock more than $300 million in capital. The deal also reduces Lendlease's future funding commitments to about $125 million, aligning the company's broader strategy to streamline operations and focus on its Australian core business.

Key Highlights Retail portfolio achieved a positive rental reversion of 10.4%1 with tenant retention rate remained healthy at 87.9%2 by net lettable area (“NLA”). Jem office achieved a positive rental uplift of approximately 13%3.

SINGAPORE, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), the manager of Lendlease Global Commercial REIT (“LREIT”), is pleased to share that it has secured approximately 13% increase over the prevailing base rent for Jem office for five years effective from 3 December 2024.

Lendlease CEO on company's earnings & business

Key Highlights Retail portfolio occupancy remained high at 99.9% while the office portfolio occupancy improved to 86.6% from 81.7% in Q1 FY2025. Lower gross revenue and net property income (“NPI”) mainly due to the absence of supplementary rent in relation to the lease restructure of Sky Complex (“Supplementary Rent”)2.

NASHVILLE, Tenn.--(BUSINESS WIRE)--The team behind nearly 25 years of success in privatized military housing and lodging today announced its launch as Centinel Public Partnerships, LLC.

HONOLULU, Dec. 11, 2024 (GLOBE NEWSWIRE) -- In a significant step toward advancing sustainability and energy resilience, Lieutenant Governor Sylvia Luke joined Holu Hou Energy (HHE) and Island Palm Communities (IPC) to highlight a major milestone at the Aliamanu Military Reservation (AMR) today. The installation of renewable energy systems for 200 homes represents a transformative effort to provide military families on Oʻahu with cutting-edge solar photovoltaic (PV) technology and HHE energy storage solutions.

Key Highlights Portfolio occupancy improved to 89.5% with new leases committed for Building 3 of Sky Complex. Retail tenant retention rate remains healthy at 90.0%.

U.S-based global investor Warburg Pincus and Australian real estate group Lendlease said on Tuesday their joint venture platform has acquired a S$1.6 billion ($1.2 billion) portfolio of assets in Singapore.

Australia's Lendlease on Monday reported a wider annual loss as the real estate developer grappled with the impact of an operational strategy shift and delays in reviewing the sale of community projects.

Australian developer Lendlease will retreat from its overseas construction businesses and free up to A$4.5 billion ($2.9 billion) in capital for shareholders, putting a lid on its international ambitions to shift focus on local operations.

About 600 more tech and biotech layoffs rocked the Bay Area job market in a fresh round of cutbacks that suggest the staffing reductions in the region have yet to run their course, new state government filings show.