Mirvac Group
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
AUST: +61 290808000
Sector
Real Estate
Stock type
Cyclical
Industry
REIT - Diversified
Fiscal Year End
30 June 2024
Employees
1,738
Mirvac Group News & Analysis
stocks
Can AREIT yields still deliver?
markets
How asset classes have performed this year, and what’s next
stocks
Opportunities in the big office REITs as office values fall
Morningstar Investment Ideas
Stocks
ETFs
- Australian ETFs
- Active Australian Equity ETFs
- Passive Australian Equity ETFs
- Emerging Market Equity ETFs
- Sustainable ETFs
- Active Global Equity ETFs
- Passive Global Equity ETFs
- Active Australian Fixed Interest ETFs
- Passive Australian Fixed Interest ETFs
- Active Australian Listed Property ETFs
- Passive Australian Listed Property ETFs
- Active Global Fixed Interest ETFs
- Passive Global Fixed Interest ETFs
- Active Global Infrastructure ETFs
- Passive Global Infrastructure ETFs
- Active Global Property ETFs
- Passive Global Property ETFs
Funds
- Active Australian Equity Funds
- Passive Australian Equity Funds
- Active Global Equity Funds
- Passive Global Equity Funds
- Sustainable Funds
- Emerging Market Equity Funds
- Passive Australian Listed Property Funds
- Active Australian Listed Property Funds
- Passive Global Infrastructure Funds
- Active Global Infrastructure Funds
- Active Global Property Funds
- Passive Global Property Funds
- Active Australian Fixed Interest Funds
- Passive Australian Fixed Interest Funds
- Active Global Fixed Interest Funds
- Passive Global Fixed Interest Funds
Markets
Index
|
Last price
|
Change
|
% 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% |
Market Movers
Name
|
Last price
|
Change
|
% Change
|
|---|---|---|---|
| Pilbara Minerals Ltd PLS | 3.56 | 0.02 | -0.56% |
| Telstra Group Ltd TLS | 3.78 | 0.00 | 0.00% |
| South32 Ltd S32 | 3.06 | 0.04 | -1.29% |
| Cettire Ltd CTT | 3.45 | 0.07 | 2.07% |
| Scentre Group SCG | 2.63 | 0.06 | 2.33% |
| Ventia Services Group Ltd VNT | 2.91 | 0.02 | 0.69% |
| Stockland Corp Ltd SGP | 4.07 | 0.05 | 1.24% |
| Santos Ltd STO | 6.94 | 0.06 | -0.86% |
| Aurizon Holdings Ltd AZJ | 3.55 | 0.06 | -1.66% |
| Evolution Mining Ltd EVN | 4.07 | 0.21 | 5.44% |