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Mirvac Group ( (AU:MGR) ) has issued an update.
Mirvac Group’s financial results for the first half of 2025 show a slight increase in operating revenue to $1,284 million, although operating profit after tax decreased to $236 million from $252 million in the previous year. The company maintains a strong development pipeline valued at $29 billion and continues to focus on high-quality, sustainable real estate projects. Despite challenges, such as a minor decline in statutory profit, Mirvac’s diverse portfolio and strategic focus aim to provide long-term value to its stakeholders.
More about Mirvac Group
Founded in 1972, Mirvac Group is an Australian Securities Exchange (ASX) listed company known for its integrated asset creation and management capabilities. It owns and manages a diverse range of assets across office, retail, industrial, and living sectors with approximately $22 billion in assets under management. Its development activities cover commercial, mixed-use, and residential projects, focusing on delivering innovative and sustainable real estate solutions.
YTD Price Performance: 7.46%
Average Trading Volume: 56,109
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.01B
See more data about MGR stock on TipRanks’ Stock Analysis page.
