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Company Profile

  • Business description

    Mirvac is one of Australia’s largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% 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, however, we expect modest growth over time as Mirvac gains market share and 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 owns a diversified property portfolio of retail, commercial, residential and car park properties across Australia. The company's business segments are Investment and Development.

  • Contact

    200 George Street
    Level 28
    Sydney NSW 2000
    AUS

    T: +61 290808000

    https://www.mirvac.com

  • Sector

    Real Estate

    Stock type

    Cyclical

  • Industry

    REIT - Diversified

    Fiscal Year End

    30 June 2024

    Employees

    1,738

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Index
Last price
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% Change
All Ordinaries 7,245.80 22.70 0.31%
CAC 40 7,281.78 31.65 0.44%
DAX 40 16,127.72 135.05 0.84%
Dow JONES (US) 35,416.98 83.51 0.24%
FTSE 100 7,433.72 21.52 -0.29%
HKSE 16,993.44 360.70 -2.08%
NASDAQ 14,281.76 40.73 0.29%
Nikkei 225 33,321.22 87.17 -0.26%
NZX 50 Index 11,235.94 1.44 -0.01%
S&P 500 4,554.89 4.46 0.10%
S&P/ASX 200 7,035.30 20.10 0.29%
SSE Composite Index 3,021.69 16.87 -0.56%

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