Mirvac Group (ASX: MGR)
Australia
· Delayed Price · Currency is AUD | Market Cap | 7.46B |
| Revenue (ttm) | 3.04B |
| Net Income (ttm) | -805.00M |
| Shares Out | 3.95B |
| EPS (ttm) | -0.20 |
| PE Ratio | n/a |
| Forward PE | 15.60 |
| Dividend | 0.11 (5.56%) |
| Ex-Dividend Date | Dec 30, 2024 |
| Volume | 23,246,471 |
| Open | 1.890 |
| Previous Close | 1.920 |
| Day's Range | 1.880 - 1.912 |
| 52-Week Range | 1.800 - 2.390 |
| Beta | 1.17 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Feb 13, 2025 |
About Mirvac Group
Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. For more than 50 years, we’ve dedicated ourselves to creating extraordinary urban places and experiences. We have over $35 billion of assets under management, together with a $12 billion commercial and mixed use development pipeline, and a $17 billion residential development pipeline, enabling us to deliver innovative and high-quality property for our customers, while driving long-term value for our securi... [Read more]
Financial Performance
In 2024, Mirvac Group's revenue was 3.04 billion, an increase of 56.44% compared to the previous year's 1.94 billion. Losses were -805.00 million, 387.9% more than in 2023.
Financial StatementsNews
Japanese giant in mega housing deal with Mirvac
The deal marks the next wave of Japanese investment in Australian property as trading companies seek out opportunities.
Business says Trump’s return turns up competition for investment
Executives from Telstra, QBE, Challenger and Mirvac have warned that the US and even Britain risk pulling away from Australia by cutting red tape.
Housing crisis could run eight more years: Mirvac boss
Mirvac chief executive Campbell Hanan has warned that if governments do not pare back infrastructure spending, then housing shortages could run for much longer.
Penthouses in Harbourside to be among the best on views, price: Mirvac
The double-storey apartments that will overlook Sydney’s Darling Harbour are set to be the newest luxury properties to enter the city’s high-altitude wars.
Australia has a ‘thousand levers’ to pull to increase new home supply
Governments must create an environment that makes it easier to add more housing, including bringing in more skilled tradies, says Mirvac’s development head.
Higher costs to hurt Mirvac’s earnings
Mirvac’s profit margins on residential development have fallen below its average due to the high costs of its apartment projects in NSW.
ASX 200 LIVE: ASX to slip as Wall St struggles to advance, profit season kicks off
Australian shares are set to open lower, following New York’s failed rally. Results pending from AMP, Mirvac. Bullock to speak at midday. Follow updates here.
Australian Retirement Trust acquires major stake in industrial estate
Mirvac finalised the sale of the Aspect South Industrial precinct in Sydney to the Mirvac Industrial Venture (MIV), with Australian Retirement Trust (ART) acquiring a 49% interest, bringing its total ...
Mirvac sells $1.3b stake in new tower to Mitsui
The transaction is the latest evidence of the company’s efforts to trade out of lower-quality office assets and focus on new, premium ones.
Minters to sit atop Mirvac’s 56-storey office tower
The top-tier law firm will take up the top floors of 55 Pitt Street, as Sydney’s legal eagles vie for the best perches across the CBD.
Mirvac set to sell two office towers at discounts of more than 20pc
Pricing for the latest deals on the office towers in Sydney and Melbourne – worth close to half a billion dollars in total - shows just how far values have fallen.
Region Group ends two-year drought with $74m mall deal
The country’s biggest owner of suburban malls has made its first acquisition in two years after buying Canberra’s Cooleman Court centre from Mirvac.
Former QIC boss Damien Frawley puts Qld cattle station on the market
Damien Frawley, who is a director at Mirvac and chair of Hostplus, is the biggest shareholder of Blue Sky Beef which is selling Gowan Station.
Mirvac’s $364m sale of tower stake at 17pc discount sets the pace
Office tower values around the world have tumbled in response to the rise of remote work and surging interest rates.The latest deal shows the bottom is not far.
We need land-less mortgages, Mirvac CEO Campbell Hanan says
Australia’s crippling housing affordability problem is shaking up postwar norms about ownership. It’s also prompting a rethink about financing.
Satterley buys AustralianSuper’s Kingswood Golf Course site for $220m
Rich List developer Nigel Satterley has beaten listed property giant Mirvac and others to acquire Melbourne’s Kingswood Golf Course site in the biggest land deal of the year.
Mirvac’s billion-dollar office juggle heats up
The developer and landlord has tried twice since 2022 to sell a central Melbourne office tower. It needs to do that to develop higher-yielding buildings.
Mirvac says housing profit margins will fall to 16pc this year
The diversified developer has kept its earnings forecast unchanged, even as says the housing market has not picked up.
Mirvac swings to loss as property valuations slip
Mirvac says signs interest rates are at or near the peak and falling inflation are positive for the property group as it looks to rebound from an interim net loss.
ASX 200 LIVE: ASX to edge up, S&P 500 rallies towards 5000-mark
Australian shares are set to rise modestly as earnings season gathers pace with AGL Energy, Mirvac, News Corp and Transurban on deck. Follow updates here.
Mirvac lures Optiver, tech unicorn into its offices despite weak market
From trading house Optiver to tech unicorn Advanced Navigation, large companies are upgrading offices to take advantage of a weak office market.
Mirvac to double $1.8b BTR fund, diversify into detached houses
Australia’s chronic housing shortage is prompting changes not only in the way people live, but in the way they invest in residential real estate.
Mirvac makes $600m investment in downsizing Boomers
Mirvac will spend $600 million to acquire a near-half stake in the Serenitas portfolio of 27 land lease communities – affordable accommodation for downsizing baby boomers.
Pacific Equity Partners, Mirvac sign $1 billion Serenitas acquisition
PEP is working with Mirvac.
Mirvac has created a park that’s always full
AFR BOSS Most Innovative: Mirvac took four times longer to build a community park.