Mirvac Reports Lapse of 354,995 Long-Term Incentive Performance Rights

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

Mirvac Group has notified the market of a change to its issued capital, following the lapse of 354,995 MGRAK long-term incentive performance rights. The rights ceased on 31 January 2026 because the performance or vesting conditions were not met, or could no longer be satisfied, resulting in no new securities being issued under this tranche.

The cessation of these performance rights effectively reduces the pool of potential equity that could have been created under Mirvac’s long-term incentive arrangements. This outcome may modestly limit prospective dilution for existing security holders and reflects performance outcomes relative to the hurdles attached to this specific incentive grant.

The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.17 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 property company listed on the ASX under the code MGR, comprising Mirvac Limited and Mirvac Property Trust. It operates as a diversified real estate group, with activities typically spanning property investment, development, and related services across commercial and residential markets in Australia.

Average Trading Volume: 14,246,074

Technical Sentiment Signal: Sell

Current Market Cap: A$7.81B

For a thorough assessment of MGR stock, go to TipRanks’ Stock Analysis page.