Lendlease (ASX:LLC) reaffirmed its fiscal year 2026 earnings guidance for its core IDC segments of A$0.28 to A$0.34 per security at its annual general meeting, with earnings skewed toward the fiscal second half, according to a Friday filing with the Australian bourse.
The construction and real-estate company said that its board remains confident in an on-market securities buyback of up to A$500 million.
The buyback is expected to launch in the fiscal H2, once sufficient capital is available via completion of divestment initiatives.
The company did not provide earnings guidance for its Capital Release Unit, which sells non-core or underperforming assets, due to uncertainty around transaction timing and valuation outcomes.