Mirvac Group (ASX: MGR) announced that its operational FY23 EPS guidance has been adjusted to at least 14.7cpss as previously compared to 15.5cpss. It is expected that residential settlements to be around 2200 lots as compared as compared to 2500 in previous corresponding period.
Higher exposure to living sectors will improve the cash flow resilience of its high-quality AU$13.4 billion investment portfolio. It has maintained a high occupancy of 97.5%, with ~139,000 sqm leased. Companies asset disposal program of AU$1.3 billion, with 60 Margaret Street/Metcentre, is expected to settle and finalize in Q4.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
