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Mirvac Group
(Sydney:MGR)
Mirvac Group (MGR) vs. iShares MSCI Australia ETF (EWA)
Mirvac Group Business Overview & Revenue Model
Mirvac Group Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.44B | 2.44B | 2.95B | 1.80B | 2.25B | 1.92B |
| Gross Profit | 580.00M | 580.00M | 833.00M | 799.00M | 854.00M | 909.00M |
| EBITDA | 425.00M | 278.00M | 716.00M | 41.00M | 648.00M | 1.11B |
| Net Income | 68.00M | 68.00M | -805.00M | -165.00M | 906.00M | 901.00M |
Balance Sheet | ||||||
| Total Assets | 15.08B | 15.08B | 15.56B | 17.15B | 17.38B | 16.15B |
| Cash, Cash Equivalents and Short-Term Investments | 236.00M | 236.00M | 335.00M | 122.00M | 558.00M | 117.00M |
| Total Debt | 4.54B | 4.54B | 4.48B | 4.54B | 4.29B | 3.99B |
| Total Liabilities | 6.02B | 6.02B | 6.21B | 6.59B | 6.18B | 5.49B |
| Stockholders Equity | 9.05B | 9.05B | 9.35B | 10.56B | 11.13B | 10.59B |
Cash Flow | ||||||
| Free Cash Flow | 548.00M | 548.00M | 540.00M | -62.00M | 888.00M | 630.00M |
| Operating Cash Flow | 550.00M | 550.00M | 542.00M | -57.00M | 896.00M | 635.00M |
| Investing Cash Flow | -155.00M | -155.00M | 126.00M | -315.00M | -436.00M | -492.00M |
| Financing Cash Flow | -494.00M | -494.00M | -455.00M | -64.00M | -19.00M | -350.00M |
Mirvac Group Technical Analysis
Mirvac Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $1.25B | 17.32 | 4.86% | 4.85% | ― | ― | |
| ― | $21.10B | 14.74 | 7.71% | 4.28% | 5.44% | 231.88% | |
| ― | $10.92B | 48.35 | 24.58% | 2.13% | 15.06% | 47.66% | |
| ― | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
| ― | $10.27B | 27.18 | 3.56% | 4.48% | 12.66% | ― | |
| ― | AU$67.38B | 38.57 | 7.99% | 0.91% | 16.87% | ― | |
| ― | $9.07B | 133.72 | 0.71% | 3.95% | -18.48% | ― |
Mirvac Group Corporate Events
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.
Mirvac Group has announced its Annual General and General Meetings scheduled for November 20, 2025, encouraging securityholders to participate either in person or via a live webcast. This announcement is part of Mirvac’s ongoing efforts to engage with its stakeholders and maintain transparency in its operations, reflecting its commitment to delivering value and sustainable 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.
Mirvac Group has announced a change in the director’s interest, specifically involving Campbell John Hanan. The change includes an off-market transfer of 539,605 Stapled Securities from Campbell Hanan to Mimosa Investments Pty Ltd ATF Mimosa Family A/C. This adjustment reflects a strategic reallocation of securities within the director’s indirect interests, potentially impacting the company’s governance and stakeholder interests.
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.
Mirvac Group announced a change in the director’s interest notice, specifically for Director Rosemary Beryl Hartnett. On September 8, 2025, Hartnett acquired 41,111 rights to acquire stapled securities under the Mirvac Group Non-Executive Director Fee Sacrifice Rights Plan, while her existing holding of 15,000 stapled securities remained unchanged. This move reflects Mirvac’s ongoing efforts to align director interests with company performance, potentially impacting stakeholder confidence and market perception.
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.
Mirvac Group has announced the issuance of 79,533 Non-Executive Director Fee Sacrifice Rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s ongoing commitment to aligning its leadership’s interests with long-term shareholder value.
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.
Mirvac Group has announced a change in the director’s interest notice for Campbell John Hanan, reflecting adjustments in his holdings of stapled securities and performance rights. The changes include an increase in direct holdings of stapled securities and a decrease in performance rights, indicating a shift in the director’s investment strategy within the company. This adjustment could impact the company’s operational strategies and stakeholder perceptions, as it reflects internal movements in executive interests.
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.
Mirvac Group has announced the issuance of 990,627 unquoted equity securities in the form of STI performance rights as part of an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until the restrictions are lifted, reflecting the company’s ongoing efforts to incentivize and retain its workforce, potentially impacting its operational performance and stakeholder interests.
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.
Mirvac Group has announced its 2025 Annual General Meeting (AGM) scheduled for November 20, 2025, with key dates for director nominations and operational updates outlined. This meeting is crucial for stakeholders as it will address the company’s strategic direction and operational performance, impacting its market positioning and 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.
Mirvac Group has announced a change in the director’s interest notice, specifically involving Campbell John Hanan. The change includes the allotment of 289,731 stapled securities due to the vesting of performance rights and the lapsing of 663,333 performance rights related to the FY23 Long Term Performance grant. This adjustment in securities reflects the company’s ongoing management of executive incentives and performance-based rewards, potentially impacting stakeholder perceptions of leadership alignment with company performance.
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.
Mirvac Group announced the cessation of 4,788,849 LTP performance rights due to unmet conditions, effective August 20, 2025. This announcement may impact the company’s capital structure and could have implications for stakeholders regarding the company’s performance metrics and future financial strategies.
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.
Mirvac Group has announced the issuance of 2,860,272 fully paid ordinary units stapled securities, effective from August 20, 2025. This move reflects the company’s ongoing efforts to manage its capital structure and enhance its financial flexibility, potentially impacting its market positioning and offering implications for stakeholders regarding future growth and investment strategies.
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.
Mirvac Group is a leading Australian diversified property group with over 50 years of experience, specializing in investment, funds management, and development across various real estate sectors. In its latest earnings report for the fiscal year 2025, Mirvac highlighted a robust performance despite challenging market conditions, with strategic expansions and successful capital partnerships contributing to its growth. Key financial metrics showed a decrease in group EBIT to $736 million from $860 million in the previous year, while operating profit after tax fell to $474 million from $552 million. However, the company demonstrated strong leasing success and increased exposure in the Living and Industrial sectors, with a significant uplift in residential sales and development completions. Looking ahead, Mirvac’s management remains optimistic about future growth, projecting an operating EPS growth of 6.7% to 8.3% for FY26, driven by strategic initiatives and a focus on sustainable asset creation.
Mirvac Group has released its corporate governance statement for the financial year ending June 30, 2025, highlighting its compliance with the fourth edition of the ASX Corporate Governance Principles and Recommendations. The statement underscores Mirvac’s commitment to ethical practices and high governance standards, which are crucial for protecting stakeholder interests and fostering a culture of integrity within the organization.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
Mirvac Group’s FY25 financial results highlight a decrease in operating revenue and profit compared to the previous year, with operating revenue falling from $3,034 million in FY24 to $2,503 million in FY25, and operating profit after tax decreasing from $552 million to $474 million. Despite these declines, Mirvac maintains a strong development pipeline valued at approximately $29 billion and manages $22 billion in assets, indicating a robust position in the real estate market. The company’s focus on sustainable and innovative real estate projects continues to drive its strategy, although the financial results suggest challenges in achieving previous levels of profitability.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
Mirvac Group has released its FY25 additional information, highlighting its ongoing commitment to sustainability and its strategic plans to decarbonize by 2030. The release outlines the company’s investment portfolio, financial performance, and development projects, indicating a robust platform for growth and a focus on enhancing its market position in the Australian property sector.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
Mirvac Group has released its financial results for the fiscal year 2025. The announcement, led by key executives including Group CEO & Managing Director Campbell Hanan, highlights the company’s performance across various sectors such as investment, funds management, and development. The results provide insights into Mirvac’s strategic positioning and operational effectiveness, with implications for stakeholders in terms of future growth and market competitiveness.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
Mirvac Property Trust has released its annual report for the year ending 30 June 2025, detailing the consolidated financial performance and position of the trust and its controlled entities. The report provides insights into the company’s financial health, including comprehensive income, equity changes, and cash flows, which are crucial for stakeholders to assess the trust’s operational efficiency and strategic direction.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
Mirvac Group’s 2025 annual report highlights its strategic focus on value creation, sustainability, and risk management. The report outlines the company’s financial and operational performance, emphasizing its commitment to environmental and social responsibilities, which positions Mirvac as a leader in integrating sustainability into its business model.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
Mirvac Group has announced a distribution of 4.5 cents per stapled security from the Mirvac Property Trust, with no dividend being paid from Mirvac Limited. This update confirms the actual distribution for the period ending June 30, 2025, and reflects the company’s ongoing commitment to providing returns to its investors, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
Mirvac Group reported a 10% decrease in total revenue and other income for the year ended June 30, 2025, amounting to $2,735 million. Despite this, the company achieved a significant turnaround with a 108% increase in profit attributable to stapled security holders, reaching $68 million. However, the operating profit after tax declined by 14% to $474 million. The total distribution for the year was 9.0 cents per security. These results indicate a mixed financial performance, with improved profitability but reduced revenue and operating profit, reflecting challenges and opportunities in the real estate market.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.
Mirvac Group announced the cessation of 410,458 LTP performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders, particularly those holding or expecting these securities.
The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.