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Why LLC And SCG Are 2 Interesting Real Estate Stocks?

  • April 13, 2019 08:30 AM AEST
  • Team Kalkine
Why LLC And SCG Are 2 Interesting Real Estate Stocks?

LLC and SCG are two interesting Real Estate Australian stocks that investors would wish to know. Let us have a look at these stocks:

Gold MTF non-AMP

Lendlease Group

Lendlease Group (ASX: LLC) is a company belonging to Australia’s real estate sector and is committed to creating and delivering innovative and sustainable property and infrastructure solutions for future generations. In 2018, the company completed its 60th Anniversary.

In the last six months, the shares of LLC have generated a negative return of 31.02% as on 11 April 2019. However, it has given a positive YTD return of 11.88%.

Recently, CFO of the company presented an investor presentation at the Credit Suisse Investment Conference on 28th March 2019, in which he highlighted the company’s integrated model, the approach taken by the company to maximize the long-term security holder value, targeting 10% to 14% ROE. The presentation also covered global trend influencing the strategy, its globally diverse pipeline, its focus on urbanisation, revised portfolio management framework, the underlying operating cash flow as well as its various development segments.

On 25th February 2019, Lendlease Group announced its half yearly results for the period ended 31/12/2018. The period remained difficult for the group as there were number of issues reported during the period, which impacted the overall result of the group. Irrespective, the company was able to make a net profit after tax of $15.7 million. The earnings per stapled security for the period was 2.8 cents per share. Lendlease Group declared an interim dividend of 12 cents per share. The development pipeline for the period reported a growth of 31% to $74.5 billion. The funds under management increased by 20% to $34.1 billion.

The above result was the outcome of the strategic initiatives taken by the company during the period. It included securing two urbanisation projects in Sydney and Chicago. The combined estimated end development value of these projects was above $3 billion. After the balance date, the group was considered as the preferred partner of London Thamesmead Waterfront and Birmingham Smithfield projects in the UK with a combined estimated end development value of $17.2 billion.

Another key initiative taken by the company during the period was its capital partnership. The company entered in 50:50 partnership with First State Super, a US residential investment partnership worth US$1 billion equity commitment. With the completion of the three office towers at Paya Lebar Quarter, there was an increase in the funds under management.

60 years of experience along with its competitive advantage makes this real estate stock interesting amongst the investors. By the closure of the market on 12 April 2019, the closing price of the stock was A$12.740, up by 2.5% as compared to its previous closing price. Lendlease Group holds a market capitalization of A$7.01 billion with approximately 564.13 million outstanding shares and a PE ratio of 18.720x.

Scentre Group

Scentre Group (ASX: SCG), another Real Estate player that is engaged in property management and development. Scentre Group owns and operates a portfolio of pre-eminent living centre in Australia as well as in New Zealand.

Recently, the company on 4th April 2019, provided an update on the Final Director’s Interest Notice regarding the director Steven Mark Lowy ceasing to be the registered holder of the company on his resignation; he had 3,510,208 ordinary shares as the registered holder.

On 4 April 2019, Chairman of Scentre Group, Brian Schwartz at the AGM highlighted that the company’s business has grown into an extraordinary platform of 41 Westfield living centres, which is 15th largest company on ASX as per the market cap.

He also highlighted that the company had delivered a strong financial performance for 2018. Based on the financial results of FY2018, the chairman stated that the results indicate the quality of the company’s platform as well as the successful implementation of the strategy.

By the end of FY2018, the company made a net profit of $962 million. The total shareholders’ equity was worth $9,489.2 million. By the end of the financial year 2018 on 31 December 2018, Scentre Group had net cash and cash equivalent of $17.2 million.

Other reason that make the stock interesting amongst the investors is because SCG has established a Level 1 American Depositary Receipt (ADR) program, which will allow the investors to invest in Scentre Group through the US traded security.

SCG has generated a YTD return of 2.34%. By the closure of the market on 12 April 2019, the closing price of the stock was A$3.960, up by 0.763% as compared to its previous closing price. SCG has a market capitalization of A$20.9 billion and approximately 5.32 billion outstanding shares.


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