Mirvac Group. Stapled (Unit, )

(MRVGF)

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Profile

Mirvac is known as one of Australia's largest residential developers, particularly apartments. Earnings from residential development are volatile, generating about a fifth of EBIT in fiscal 2019, despite only about 13% of the group's invested capital being allocated there. We believe that was a cyclical high and that development earnings will moderate from the 2019/2020 high point. About 80% of Mirvac's earnings come from a relatively predictable commercial property portfolio, more than half of which is office and another fourth in retail, a small industrial portfolio, and a fledgling build-to-rent residential portfolio. The company is gradually allocating more capital to passive property ownership, and within that, trimming retail exposure and adding office, industrial, and residential.

Contact Information

Website: www.mirvac.com
Main Phone: +61 290808000
Address: 200 George Street
Address 2: Level 28
State: NSW
City / Town: Sydney
Country: AU
Postal Code: 2000

Issuer Information

Exchange: GREY
Employees: 1414

Equities News

Profile

Mirvac is known as one of Australia's largest residential developers, particularly apartments. Earnings from residential development are volatile, generating about a fifth of EBIT in fiscal 2019, despite only about 13% of the group's invested capital being allocated there. We believe that was a cyclical high and that development earnings will moderate from the 2019/2020 high point. About 80% of Mirvac's earnings come from a relatively predictable commercial property portfolio, more than half of which is office and another fourth in retail, a small industrial portfolio, and a fledgling build-to-rent residential portfolio. The company is gradually allocating more capital to passive property ownership, and within that, trimming retail exposure and adding office, industrial, and residential.

Contact Information

Website: www.mirvac.com
Main Phone: +61 290808000
Address: 200 George Street
Address 2: Level 28
State: NSW
City / Town: Sydney
Country: AU
Postal Code: 2000

Issuer Information

Exchange: GREY
Employees: 1414

Equities News

$ 1.95 $ 0. (0.00%)
Last Price 1.95 Change $ 0. Change % 0.00 Tick N/A
Bid N/A Bid Size 0.00 Ask N/A Ask Size 0.00
Open N/A High N/A Low N/A Prev Close 1.95
Last Trade Volume 0 52 Wk Hi 2.41 52 Wk Low 0.95
Market Cap 7.7 bi Ex-Div Date N/A Div Rate N/A Yield N/A
Shares 3,937,556,510.00 EPS (TTM) N/A PE Ratio N/A Exchange Greys