ASX:MGRREITs
Mirvac (ASX:MGR) Shares Reflect Repair Progress But Demand Doubts Linger
Mirvac Group shares closed at A$1.85 today after a steady week in which the stock edged higher, yet the valuation still reflects caution rather than enthusiasm. The tension for investors is simple. The earnings headline is about profit quality and scale catching up with the share price discount. Full year operating profit reached A$508 million and the trailing P/E multiple sits well below both global and local real estate peers. The market is treating Mirvac like a problem child while the...

