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Mirvac Group ( (AU:MGR) ) has provided an update.
Mirvac Group reported a 10% decrease in total revenue and other income for the year ended June 30, 2025, amounting to $2,735 million. Despite this, the company achieved a significant turnaround with a 108% increase in profit attributable to stapled security holders, reaching $68 million. However, the operating profit after tax declined by 14% to $474 million. The total distribution for the year was 9.0 cents per security. These results indicate a mixed financial performance, with improved profitability but reduced revenue and operating profit, reflecting challenges and opportunities in the real estate market.
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
Mirvac Group operates in the real estate industry, focusing on property development and investment. The company is involved in residential, office, retail, and industrial property sectors, primarily in Australia.
Average Trading Volume: 11,401,906
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$9.03B
See more insights into MGR stock on TipRanks’ Stock Analysis page.
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