Mirvac Group Reaffirms FY26 Earnings Guidance Following Strong Q3 Performance

Apr 23, 2026 05:04 UTC

MRVGF, MGR.AX

Medium term

Australian property developer Mirvac Group has confirmed its full-year operating earnings targets after reporting robust operational results across its portfolio. The company expects year-over-year growth in earnings per share despite a slight dip in share price.

Strong Q3 operational results across all sectors
FY26 operating EPS target of 12.8 to 13.0 cents
Expected growth of 6.7% to 8.3% year-over-year
CEO confirms high visibility for remaining FY26 earnings
Shares traded lower at A$1.7550

Mirvac Group has reported strong operational performance for the third quarter, citing the high quality and strategic location of its asset base as primary drivers of growth across all business sectors. The Australian real estate firm used the update to reaffirm its financial outlook for the 2026 fiscal year, signaling confidence in its current trajectory and the resilience of its property holdings. For the full year, Mirvac is targeting operating earnings per share (EPS) between 12.8 and 13.0 cents. This target represents a projected growth rate of 6.7% to 8.3% compared to the previous year's results. CEO and Managing Director Campbell Hanan stated that the company maintains strong visibility regarding earnings for the remainder of the financial period, ensuring the firm remains on track to meet its stated guidance. Despite the positive operational update and reaffirmed guidance, Mirvac shares experienced a modest decline in Australian trading, falling approximately 1.4% to A$1.7550.