Big FY26 Downgrades Likely for Lendlease -- Market Talk

Dow Jones

Jun 02

0004 GMT - Big downgrades to FY26 consensus earnings estimates are likely for Lendlease, says Morgan Stanley. Heading into this week consensus forecasts were for a 315 million Australian dollars Ebitda loss in Lendlease's Capital Release Unit in FY26. Those forecasts included the A$284 million loss reported for 1H. On Monday, Lendlease said it has agreed to sell the Milano Santa Giulia mixed-use development in Milan, or MSG North, for a A$175 million operating loss. Analyst Simon Chan says this means consensus earnings are likely to fall materially. "If we think about the total net profit for the stock, Visible Alpha consensus is currently -A$137 million for FY26, that looks too high if MSG were to be factored in," MS says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 01, 2026 20:04 ET (00:04 GMT)

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Heading into this week consensus forecasts were for a 315 million Australian dollars Ebitda loss in Lendlease's Capital Release Unit in FY26. Those forecasts included the A$284 million loss reported for 1H. On Monday, Lendlease said it has agreed to sell the Milano Santa Giulia mixed-use development in Milan, or MSG North, for a A$175 million operating loss. Analyst Simon Chan says this means consensus earnings are likely to fall materially. \"If we think about the total net profit for the stock, Visible Alpha consensus is currently -A$137 million for FY26, that looks too high if MSG were to be factored in,\" MS says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 01, 2026 20:04 ET (00:04 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big FY26 Downgrades Likely for Lendlease -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig FY26 Downgrades Likely for Lendlease -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-02 08:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0004 GMT - Big downgrades to FY26 consensus earnings estimates are likely for Lendlease, says Morgan Stanley. Heading into this week consensus forecasts were for a 315 million Australian dollars Ebitda loss in Lendlease's Capital Release Unit in FY26. Those forecasts included the A$284 million loss reported for 1H. On Monday, Lendlease said it has agreed to sell the Milano Santa Giulia mixed-use development in Milan, or MSG North, for a A$175 million operating loss. Analyst Simon Chan says this means consensus earnings are likely to fall materially. \"If we think about the total net profit for the stock, Visible Alpha consensus is currently -A$137 million for FY26, that looks too high if MSG were to be factored in,\" MS says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 01, 2026 20:04 ET (00:04 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106261372.USD","symbol_name":"SCHRODER ISF US LARGE CAP \"A\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640799849","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640799849","pubTimestamp":1780358640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0004 GMT - Big downgrades to FY26 consensus earnings estimates are likely for Lendlease, says Morgan Stanley. Heading into this week consensus forecasts were for a 315 million Australian dollars Ebitda loss in Lendlease's Capital Release Unit in FY26. Those forecasts included the A$284 million loss reported for 1H. On Monday, Lendlease said it has agreed to sell the Milano Santa Giulia mixed-use development in Milan, or MSG North, for a A$175 million operating loss. Analyst Simon Chan says this means consensus earnings are likely to fall materially. \"If we think about the total net profit for the stock, Visible Alpha consensus is currently -A$137 million for FY26, that looks too high if MSG were to be factored in,\" MS says. 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Heading into this week consensus forecasts were for a 315 million Australian dollars Ebitda loss in Lendlease's Capital Release Unit in FY26. Those forecasts included the A$284 million loss reported for 1H. On Monday, Lendlease said it has agreed to sell the Milano Santa Giulia mixed-use development in Milan, or MSG North, for a A$175 million operating loss. Analyst Simon Chan says this means consensus earnings are likely to fall materially. \"If we think about the total net profit for the stock, Visible Alpha consensus is currently -A$137 million for FY26, that looks too high if MSG were to be factored in,\" MS says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 01, 2026 20:04 ET (00:04 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}