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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 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

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Markets

Index
Last price
Change
% Change
All Ordinaries 8,153.70 80.10 0.99%
CAC 40 8,205.81 1.00 0.01%
DAX 40 18,504.51 27.42 0.15%
Dow JONES (US) 39,759.28 0.80 -0.00%
FTSE 100 7,952.62 20.64 0.26%
HKSE 16,541.42 148.58 0.91%
NASDAQ 16,383.52 16.00 -0.10%
Nikkei 225 40,168.07 594.66 -1.46%
NZX 50 Index 12,105.29 94.63 0.79%
S&P 500 5,250.56 2.07 0.04%
S&P/ASX 200 7,896.90 77.30 0.99%
SSE Composite Index 3,010.66 17.52 0.59%

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Lotus Resources Ltd LOT 0.40 0.02 3.90%