Latest news for Mirvac Gr (OTC:MRVGF) Stock

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a quarter of EBIT in fiscal 2024, despite requiring only about less than 20% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots. After an expected trough in 2025 we forecast modest growth as Mirvac constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

Mirvac Group

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Alexandria Equities (ARE – Research Report) and M...

Analysts Offer Insights on Real Estate Companies: Alexandria Equities (ARE) and Mirvac Group (OtherMRVGF)

Mirvac Group (AU:MGR) has released an update. Mirvac Group held its 2024 Annual General Meeting, highlighting a strategic focus on delivering susta...

Mirvac Group's Strategic Focus and Leadership Update

Mirvac Group (AU:MGR) has released an update. Mirvac Group announced the successful passing of all resolutions during their 2024 Annual General Mee...

Mirvac Group Secures Strong Shareholder Support in 2024

Mirvac Group (AU:MGR) has released an update. Mirvac Group has announced a change in the interests of its director, James Richard Cain, who has con...

Mirvac Group Director Increases Stake, Boosting Investor Confidence

Mirvac Group (AU:MGR) has released an update. Mirvac Group has announced a change in the interests of its director, Alan Robert Harold Sindel, as h...

Mirvac Group Director Increases Stake in Company

Mirvac Group (AU:MGR) has released an update. Mirvac Group has announced the issuance of 9,759,364 long-term performance rights as part of an emplo...

Mirvac Group Issues New Employee Performance Rights

Mirvac Group (AU:MGR) has released an update. Mirvac Group has announced a significant change in the director's interest as Campbell John Hanan has...

Mirvac Group Boosts Director's Stake with New Incentives

Mirvac Group (AU:MGR) has released an update. Mirvac Group has announced changes to its on-market buy-back program, extending the period for buy-ba...

Mirvac Group Extends On-Market Buy-Back Program

Mirvac Group (AU:MGR) has released an update. State Street Global Advisors has increased its voting power in Mirvac Group, reflecting a strategic m...

Mirvac Group Sees Increased Stakes by State Street

The latest update is out from Mirvac Group ( ($AU:MGR) ). Mirvac Group announced the cessation of 258,987 LTP Performance Rights due to the conditi...

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