Mirvac Group Reports FY25 Financial Results Amidst Market Challenges

Mirvac Group ( (AU:MGR) ) has provided an announcement.

Mirvac Group’s FY25 financial results highlight a decrease in operating revenue and profit compared to the previous year, with operating revenue falling from $3,034 million in FY24 to $2,503 million in FY25, and operating profit after tax decreasing from $552 million to $474 million. Despite these declines, Mirvac maintains a strong development pipeline valued at approximately $29 billion and manages $22 billion in assets, indicating a robust position in the real estate market. The company’s focus on sustainable and innovative real estate projects continues to drive its strategy, although the financial results suggest challenges in achieving previous levels of profitability.

The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.45 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.

More about Mirvac Group

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) listed company with expertise in asset creation and management. The company operates across office, retail, industrial, and living sectors, managing approximately $22 billion in assets. Mirvac’s development activities include commercial, mixed-use, and residential projects, with a development pipeline valued at approximately $29 billion. The company focuses on delivering high-quality, innovative, and sustainable real estate, aiming to provide long-term value for its security holders.

Average Trading Volume: 11,401,906

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$9.03B

For detailed information about MGR stock, go to TipRanks’ Stock Analysis page.