News.com.au reports The Church of Jesus Christ of Latter-day Saints has amassed approximately $28 billion in property holdings through a sustained global real estate acquisition strategy. The Australian outlet analyzed Church property purchases and developments across multiple countries, finding significant commercial and agricultural investments.

The report adds to ongoing scrutiny of the Church's financial activities, following revelations about its $100+ billion Ensign Peak investment fund and commercial real estate projects like City Creek Center in Salt Lake City. The Church does not publicly disclose financial statements outside countries where required by law.

Property holdings include farms, ranches, office buildings, and retail developments on multiple continents. The scale of the portfolio places the Church among the world's largest institutional landowners.