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Mirvac Group ( (AU:MGR) ) has issued an update.
Mirvac Group has notified the market of the cessation of 249,987 MGRAK LTP performance rights, which lapsed on 31 December 2025 after the conditions attached to those rights were not met or became incapable of being satisfied. The lapsing of these long-term incentive performance rights reflects a reduction in potential equity issuance under Mirvac’s incentive arrangements, modestly affecting its issued capital structure and signalling that certain performance hurdles linked to these rights were not achieved.
The most recent analyst rating on (AU:MGR) stock is a Sell with a A$2.00 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 is an Australian-listed property group (ASX: MGR) comprising Mirvac Limited and Mirvac Property Trust, focused on owning, developing and managing a diversified portfolio of real estate assets across key urban markets.
YTD Price Performance: -2.44%
Average Trading Volume: 12,224,949
Technical Sentiment Signal: Hold
Current Market Cap: A$7.89B
Find detailed analytics on MGR stock on TipRanks’ Stock Analysis page.