NAB Short Course – Sponsored Feature
This is an excerpt from Business Spectator’s new short course on company results. Click here toread the rest of the article, plus the remaining nine articles in the course.
What the big property companies are telling your business
Conditions across the Australian commercial property market remain weak, although there has been significant variance in the performance of different property segments inr recent times.
This is evident in the latest earnings results from listed Australian property companies, including development groups, property investment companies, and companies spanning the retail, office and industrial segments.
The latest financial results
Property development giant Lend Lease recently reported a net profit of $501.4 million, up just 1.7 per cent, which it said was supported by continued growth in its construction business. Lend Lease identified a large construction backlog combined with the depth of the group’s significant urban regeneration pipeline as giving it strong earnings potential over the medium term …
Click here to read the rest of the article, plus the remaining nine articles in the course.