Morningstar Investor users sign in here.

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 requiring 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. After an expected trough in 2025 we forecast modest growth as Mirvac 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.

  • 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

Mirvac Group News & Analysis

stocks

Two undervalued REITs report earnings

These two real estate investment trusts are trading at a discount to our fair value.
stocks

Can AREIT yields still deliver?

With government bond yields now on par with commercial property capitalisation rates, can the riskier REIT sector still deliver for investors.
markets

How asset classes have performed this year, and what’s next

Morningstar has released its Asset Class Gameboard, showing this year’s winners and losers, and comparing the results to previous years.

Markets

Index
Last price
Change
% Change
All Ordinaries 7,996.50 10.60 -0.13%
CAC 40 7,934.17 6.74 0.09%
DAX 40 17,735.07 56.88 0.32%
Dow JONES (US) 39,087.38 90.99 0.23%
FTSE 100 7,682.50 52.48 0.69%
HKSE 16,505.24 84.20 -0.51%
NASDAQ 16,274.94 183.02 1.14%
Nikkei 225 40,109.23 198.41 0.50%
NZX 50 Index 11,724.21 20.18 -0.17%
S&P 500 5,137.08 40.81 0.80%
S&P/ASX 200 7,735.80 9.80 -0.13%
SSE Composite Index 3,030.92 3.90 0.13%

Market Movers

Name
Last price
Change
% Change
Sayona Mining Ltd SYA 0.05 0.00 0.00%
Pilbara Minerals Ltd PLS 4.41 0.03 0.68%
BrainChip Holdings Ltd BRN 0.44 0.06 14.47%
Core Lithium Ltd CXO 0.25 0.01 2.08%
Red 5 Ltd RED 0.34 0.02 6.25%
Cettire Ltd CTT 4.54 0.29 -6.00%
Liontown Resources Ltd LTR 1.33 0.05 3.50%
88 Energy Ltd 88E 0.01 0.00 -16.67%
Imugene Ltd IMU 0.12 0.01 -4.17%
Renascor Resources Ltd RNU 0.09 0.00 4.88%