Mirvac Group

Mirvac Group (MGR)

Stock Code

MGR

Stock Exchange

ax

Mirvac Group (MGR) is a company engaged in the real estate development of both non-residential and residential projects and management of real estate funds. MGR was listed on the Australian Stock Exchange on the 16th of June 1999. Its average annual revenue reaches approximately $2 billion out of its issued capital of approximately $1.8 billion. Its headquarters is located in North Sydney, Australia and to date; around 5,500 people are employed in the company. Mirvac Group operates mainly in four business segments: property development, property investment, fund management and hotel.

12-14% Earnings on Track for Mirvac


Real estate developer Mirvac Group (ASX:MGR) said it was on track to hit between 12 to 14 percent earnings growth for 2011-2012. The company is positive on earnings forecasts after sales broke records for a weekend.

In Tuesday's third quarter operational announcement, Mirvac stated that a net profit and earnings per security (EPS) guidance between 10.4 and 10.6 cents per stapled security was expected for the year to end of June.

Mirvac MGR Secures Finance


Australian property developer, Mirvac Group (ASX:MGR) has secured a new debt facility and refinances its debt. Two portions of debt has been refinanced, due to mature in June and next January into a new $1.85 billion facility. The new multicurrency facility, made up of maturities of one to five years, extends Mirvac's weighted average debt maturity from 2.5 years to 3.6 years.

Mirvac Group Dividends

26 August, 2010 - 08:36

Study the historical dividends for MIRVAC GROUP. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive MGR dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the MGR dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

Mirvac Gold Coast project: Gainsborough Greens


Mirvac (MGR) has launched a $1 billion residential project on the Gold Coast which will be the Group's largest residential project in Queensland. Gainsborough Greens is a 490-hectare master-planned residential community on the Gold Coast is one of seven projects due to start this year.

Mirvac $350 million Capital Raising


Mirvac (MGR) has raised $350 million in their institutional capital raising. The raising has been oversubscribed with 250 million shares placed at $1.40 each. The extra capital increases liquidity to $1.4 billion and increases cash on hand to $400.3 million.

The Losing Companies of the 10th Week


Mirvac Group (MGR) , a company that operates real estate business in residential and non-residential projects and involved in Real Estate Fund management was the worst performer of the ASX100 list for the 10th week of 2010. The company lost 6 percent or 10 cents to its stock price and was closed for the week at $1.48 (market capitalisation of $4436.9 million).

Mirvac Group to Sell its U.S. Assets


Mirvac Group (MGR), a company that is involved in the real estate business is currently talking with two US based companies regarding the sale of Mirvac Industrial Trust. Among these two companies, one is privately owned while the other one is a listed company. These two groups have come forward to hold talks with Mirvac Group as the company called for expressions of interest in the portfolio of 66 warehouse assets located in Chicago previously in the current year.

Mirvac to Strengthen Portfolio Through MREIT Bid


Mirvac Group (MGR), which operates in both residential and non-residential real estate projects is planning to obtain the complete ownership of Mirvac Real Estate Investment Trust (MREIT), the listed associate of the group by a $338 million and scrip merger proposal.

Loser of the Week 39


Karoon Gas Australia (KAR), a company that focuses in exploration, identification and development of oil and gas reserves was the worst performer in the Australian Stock Exchange for the week. Karoon lost 27.9 percent to its stock price closing the week at $7.92. The company closed at $10.98 in the earlier week. The market capitalisation of the company was $1402 million.

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