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Property Stocks Down Under 14 December 2022: Lendlease (ASX:LLC)
Lendlease: Making cities beautiful today and shareholders richer tomorrow
When we last looked at Lendlease Group in this publication on 20 September 2021 the stock was $11.48. Since then, the share price has sunk by about a third, thanks to the way in which difficulties presented by Covid impacted earnings and the 2022 interest rate increases, which have hampered the property sector globally. Better times, however, are probably coming for Lendlease in 2023. We’re sticking with our four-star view.
Click here to read the previous edition of Property Stocks Down Under published 6 December 2022.