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Mirvac Group ( (AU:MGR) ) just unveiled an announcement.
Mirvac Group reported strong operational momentum in the first quarter of the 2026 financial year, highlighted by a significant increase in residential sales and strategic capital initiatives. The company entered a joint venture with Mitsubishi Estate Co. Ltd for the Harbourside project, unlocking $450 million in capital. Mirvac also saw robust performance across its investment portfolio with high occupancy rates and positive leasing spreads, and continued growth in its living sectors, including new site acquisitions and build-to-rent expansions. The company’s confidence in its funds platform is underscored by successful capital raises, positioning it well for future growth.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
More about Mirvac Group
Mirvac Group is a leading Australian property group, engaged in the development and management of residential, retail, office, and industrial properties. The company focuses on creating high-quality urban environments and has a strong presence in the living sectors, including build-to-rent and land lease communities.
Average Trading Volume: 11,080,956
Technical Sentiment Signal: Buy
Current Market Cap: A$9.63B
See more insights into MGR stock on TipRanks’ Stock Analysis page.