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4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Lendlease Group    LLC   AU000000LLC3

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Lend Lease Group : Lend Lease reaches financial close on US Army lodging privatisation program

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04/16/2012 | 09:12am CEST

Lend Lease today announced that it has reached financial close on Group B of the US Department of the Army's Privatisation of Army Lodging (PAL) program and secured US$275 million (circa A$265 million) in project debt.

Lend Lease is the developer for the PAL program, part of the US Army's initiative to privatise hotel facilities on Army installations nationwide.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, said the collaboration with the US Army demonstrates Lend Lease's long-term commitment to privatised partnerships like PAL.

"Implementing this phase of the PAL program allows Lend Lease to continue leading the efforts in what is the US military's only lodging privatisation program."

Lend Lease is a market leader in the US military housing privatisation sector. With more than 40,000 homes, 8,200 hotel rooms and 192 apartments, Lend Lease has created master-planned, mixed-use communities throughout the United States.

ENDS

For further information, please contact:

Investor Relations:

Sally Cameron

Group Executive - Investor Relations

Tel: 02 9236 6464

Corporate Affairs:

Iwona Polski

Group Media & External Communications Manager

Tel: 02 9237 5034

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Financials ( AUD)
Sales 2018 16 072 M
EBIT 2018 1 147 M
Net income 2018 815 M
Debt 2018 1 416 M
Yield 2018 4,06%
P/E ratio 2018 11,97
P/E ratio 2019 10,89
EV / Sales 2018 0,70x
EV / Sales 2019 0,62x
Capitalization 9 782 M
Chart LENDLEASE GROUP
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Lendlease Group Technical Analysis Chart | LLC | AU000000LLC3 | 4-Traders
Technical analysis trends LENDLEASE GROUP
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TrendsBearishNeutralBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 10
Average target price 18,0  AUD
Spread / Average Target 7,7%
EPS Revisions
Managers
NameTitle
Stephen Barry McCann Group CEO, Executive Director & Managing Director
David Alexander Crawford Chairman
Daniel Labbad Chief Executive Officer-International Operations
Tarun Gupta Group Chief Financial Officer
Phillip Maxwell Colebatch Independent Non-Executive Director
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