Mirvac Group Past Earnings Performance

Past criteria checks 0/6

Mirvac Group's earnings have been declining at an average annual rate of -31.6%, while the REITs industry saw earnings growing at 14.5% annually. Revenues have been declining at an average rate of 3.2% per year.

Key information

-31.6%

Earnings growth rate

-32.8%

EPS growth rate

REITs Industry Growth	12.4%
Revenue growth rate	-3.2%
Return on equity	-5.7%
Net Margin	-24.6%
Next Earnings Update	08 Aug 2024

Recent past performance updates

Recent updates

What Type Of Returns Would Mirvac Group's(ASX:MGR) Shareholders Have Earned If They Purchased Their SharesYear Ago?

Feb 28

How Much Is Mirvac Group's (ASX:MGR) CEO Getting Paid?

Jan 31

How Many Mirvac Group (ASX:MGR) Shares Do Institutions Own?

Jan 03

Mirvac Group's (ASX:MGR) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

Dec 07

Revenue & Expenses Breakdown
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How Mirvac Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:MGR Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	2,362	-581	160
30 Sep 23	2,151	-373	165
30 Jun 23	1,940	-165	170
31 Mar 23	1,933	196	165
31 Dec 22	1,925	556	160
30 Sep 22	2,170	731	176
30 Jun 22	2,415	906	192
31 Mar 22	2,313	990	206
31 Dec 21	2,211	1,074	219
30 Sep 21	2,064	988	225
30 Jun 21	1,917	901	231
31 Mar 21	1,932	619	249
31 Dec 20	1,946	337	266
30 Sep 20	2,097	448	261
30 Jun 20	2,247	558	255
31 Mar 20	2,328	771	231
31 Dec 19	2,408	984	206
30 Sep 19	2,332	1,002	209
30 Jun 19	2,255	1,019	211
31 Mar 19	2,489	1,146	220
31 Dec 18	2,722	1,272	229
30 Sep 18	2,512	1,181	224
30 Jun 18	2,302	1,089	218
31 Mar 18	2,209	1,105	219
31 Dec 17	2,116	1,121	219
30 Sep 17	2,269	1,143	217
30 Jun 17	2,422	1,164	214
31 Mar 17	2,554	1,116	214
31 Dec 16	2,685	1,068	214
30 Sep 16	2,561	1,051	216
30 Jun 16	2,436	1,033	217
31 Mar 16	1,966	919	234
31 Dec 15	1,496	804	252
30 Sep 15	1,629	707	237
30 Jun 15	1,763	610	223
31 Mar 15	1,925	545	190
31 Dec 14	2,087	480	157
30 Sep 14	2,002	464	146
30 Jun 14	1,918	447	136
31 Dec 13	1,752	329	126
30 Sep 13	1,619	234	122
30 Jun 13	1,487	139	119

Quality Earnings: MGR is currently unprofitable.

Growing Profit Margin: MGR is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MGR is unprofitable, and losses have increased over the past 5 years at a rate of 31.6% per year.

Accelerating Growth: Unable to compare MGR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MGR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-45%).

Return on Equity

High ROE: MGR has a negative Return on Equity (-5.71%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Mirvac Group Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

First half 2024 earnings released: AU$0.051 loss per share (vs AU$0.055 profit in 1H 2023)

Mirvac Group to Report First Half, 2024 Results on Feb 08, 2024

Full year 2023 earnings released: AU$0.042 loss per share (vs AU$0.23 profit in FY 2022)

Mirvac Group to Report Q1, 2024 Results on Oct 25, 2023

First half 2023 earnings released: EPS: AU$0.055 (vs AU$0.14 in 1H 2022)

Full year 2022 earnings: EPS and revenues miss analyst expectations

Recent updates

Keppel REIT (Australia) Sub-Trust 8 agreed to acquire 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR) for AUD 363.8 million.

Keppel REIT (Australia) Sub-Trust 8 agreed to acquire 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia from Mirvac Wholesale Office Fund I which is managed by Mirvac Group (ASX:MGR) for AUD 363.8 million.

First half 2024 earnings released: AU$0.051 loss per share (vs AU$0.055 profit in 1H 2023)

Upcoming dividend of AU$0.045 per share at 5.1% yield

Mirvac Group to Report First Half, 2024 Results on Feb 08, 2024

Mirvac Group Declares Dividend for the Six Months Ending December 31, 2023, Payable on February 29, 2024

Now 21% undervalued after recent price drop

Mirvac Group Announces Management Changes

Mirvac Group (ASX:MGR) and Pacific Equity Partners Secure Assets Fund, L.P. managed by Pacific Equity Partners and Tasman Capital Partners entered into binding agreement to acquire Serenitas Management.

New major risk - Financial position

Full year 2023 earnings released: AU$0.042 loss per share (vs AU$0.23 profit in FY 2022)

Mirvac Group to Report Q1, 2024 Results on Oct 25, 2023

Now 20% undervalued after recent price drop

Upcoming dividend of AU$0.053 per share at 4.5% yield

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended June 30, 2023, Payable on August 31, 2023

Mirvac Group, Annual General Meeting, Nov 16, 2023

Consensus EPS estimates increase by 34%

Independent Non-Executive Chair recently bought AU$66k worth of stock

Independent Non-Executive Director recently bought AU$73k worth of stock

First half 2023 earnings released: EPS: AU$0.055 (vs AU$0.14 in 1H 2022)

Consensus EPS estimates fall by 20%, revenue upgraded

Upcoming dividend of AU$0.052 per share

Independent Non-Executive Director recently bought AU$91k worth of stock

Mirvac Group Declares Dividend for the Six Months Ending December 31, 2022, Payable on February 28, 2023

Independent Non-Executive Director exercised options to buy AU$64k worth of stock.

Mirvac Group Announces CEO Changes

Mirvac Group Announces Retirement Plan of Susan Lloyd-Hurwitz as Chief Executive Officer from June 30, 2023

CEO, MD & Executive Director exercised options to buy AU$192k worth of stock.

Mirvac Group, Annual General Meeting, Nov 18, 2022

CEO, MD & Executive Director exercised options to buy AU$678k worth of stock.

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Consensus forecasts updated

Upcoming dividend of AU$0.051 per share

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended June 30, 2022, Payable on August 31, 2022

Consensus forecasts updated

Blackstone Reportedly Looks At AMP Capital

Revelop completed the acquisition of Tramsheds in Sydney from Mirvac Group (ASX:MGR).

Consensus EPS estimates increase by 36%

An unknown buyer agreed to acquire Tramsheds and Quay West Carpark in Sydney from Mirvac Group (ASX:MGR).

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Mirvac Group Announces Fully Paid Distribution for the Six Months Ended December 31, 2021, Payable on February 28, 2022

Upcoming dividend of AU$0.051 per share

Independent Non-Executive Director exercised options to buy AU$50k worth of stock.

Price target increased to AU$3.16

CEO, MD & Executive Director recently bought AU$193k worth of stock

CEO, MD & Executive Director recently sold AU$942k worth of stock

CEO, MD & Executive Director exercised options to buy AU$872k worth of stock.

An unknown buyer agreed to acquire Cherrybrook Village in Sydney from Mirvac Group (ASX:MGR) for approximately AUD 130 million.

Full year 2021 earnings released: EPS AU$0.23 (vs AU$0.14 in FY 2020)

Upcoming dividend of AU$0.051 per share

What Type Of Returns Would Mirvac Group's(ASX:MGR) Shareholders Have Earned If They Purchased Their SharesYear Ago?

First half 2021 earnings released: EPS AU$0.10 (vs AU$0.16 in 1H 2020)

Revenue and earnings beat expectations

LOGOS Reportedly Taps Moelis in Bid for Milestone Logistics

New 90-day low: AU$2.36

How Much Is Mirvac Group's (ASX:MGR) CEO Getting Paid?

How Many Mirvac Group (ASX:MGR) Shares Do Institutions Own?

New 90-day high: AU$2.75

Mirvac Group Announces Management Changes

Mirvac Group's (ASX:MGR) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

Mirvac Group Announces Director Resignation - Peter Hawkins

Mirvac Group Announces Changes to Operating Structure

Mirvac Group Not Provides Earnings Guidance for the Full Year of 2021

Earnings released

New 90-day low - AU$2.05

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Revenue & Expenses Breakdown
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