Mirvac Group Management

Management criteria checks 3/4

Mirvac Group's CEO is Campbell Hanan, appointed in Mar 2023, has a tenure of 1.67 years. total yearly compensation is A$3.40M, comprised of 43.3% salary and 56.7% bonuses, including company stock and options. directly owns 0.025% of the company’s shares, worth €1.33M. The average tenure of the management team and the board of directors is 3.4 years and 4.2 years respectively.

Key information

Campbell Hanan

Chief executive officer

AU$3.4m

Total compensation

CEO salary percentage	43.3%
CEO tenure	1.7yrs
CEO ownership	0.02%
Management average tenure	3.4yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Campbell Hanan's remuneration changed compared to Mirvac Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$3m	AU$1m	-AU$805m
Mar 31 2024	n/a	n/a	-AU$693m
Dec 31 2023	n/a	n/a	-AU$581m
Sep 30 2023	n/a	n/a	-AU$373m
Jun 30 2023	AU$3m	AU$1m	-AU$165m
Mar 31 2023	n/a	n/a	AU$196m
Dec 31 2022	n/a	n/a	AU$556m
Sep 30 2022	n/a	n/a	AU$731m
Jun 30 2022	AU$2m	AU$926k	AU$906m
Mar 31 2022	n/a	n/a	AU$990m
Dec 31 2021	n/a	n/a	AU$1b
Sep 30 2021	n/a	n/a	AU$988m
Jun 30 2021	AU$2m	AU$877k	AU$901m
Mar 31 2021	n/a	n/a	AU$619m
Dec 31 2020	n/a	n/a	AU$337m
Sep 30 2020	n/a	n/a	AU$448m
Jun 30 2020	AU$1m	AU$752k	AU$558m
Mar 31 2020	n/a	n/a	AU$771m
Dec 31 2019	n/a	n/a	AU$984m
Sep 30 2019	n/a	n/a	AU$1b
Jun 30 2019	AU$2m	AU$779k	AU$1b
Mar 31 2019	n/a	n/a	AU$1b
Dec 31 2018	n/a	n/a	AU$1b
Sep 30 2018	n/a	n/a	AU$1b
Jun 30 2018	AU$2m	AU$755k	AU$1b

Compensation vs Market: Campbell's total compensation ($USD2.21M) is below average for companies of similar size in the German market ($USD3.61M).

Compensation vs Earnings: Campbell's compensation has increased whilst the company is unprofitable.

CEO

Campbell Hanan

1.7yrs

Tenure

AU$3,400,441

Compensation

Mr. Campbell John Hanan, BEc, EMBA serves as Group Chief Executive Officer, Managing Director and Director at Mirvac Group since March 01, 2023. He serves as Head of Integrated Investment Portfolio at Mirv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Campbell Hanan	MD, Group CEO & Director	1.7yrs	AU$3.40m	0.025% € 1.3m
Courtenay Smith	Chief Financial Officer	3.7yrs	AU$1.84m	0.0053% € 283.3k
Richard Seddon	Chief Executive Officer of Investments	1.7yrs	AU$1.22m	0.0022% € 114.3k
Stuart Penklis	Chief Executive Officer of Development – Residential	7.6yrs	AU$2.18m	0.012% € 654.3k
Scott Mosely	Chief Executive Officer of Funds Management	2yrs	AU$1.54m	no data
Gavin Peacock	General Manager of Investor Relations	no data	no data	no data
Kate Lander	General Manager of Communications	no data	no data	no data
Chris Akayan	Chief Culture & Capability Officer	7.7yrs	no data	no data
William Payne	Chief Digital Officer	4.7yrs	no data	no data
Amy Menere	Chief Stakeholder Relations & Customer Officer	3.2yrs	no data	no data
Victoria Tavendale	Chief Asset Management Officer	1.7yrs	no data	no data
Greg Collins	Chief Executive of Victoria	18.3yrs	AU$1.07m	no data

3.4yrs

Average Tenure

Experienced Management: MJB's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Campbell Hanan	MD, Group CEO & Director	1.7yrs	AU$3.40m	0.025% € 1.3m
Christine Bartlett	Independent Non-Executive Director	9.9yrs	AU$233.00k	0.0032% € 171.7k
Damien Frawley	Independent Non-Executive Director	2.9yrs	AU$333.00k	0.0022% € 119.1k
Alan Robert Sindel	Independent Non-Executive Chair	4.2yrs	AU$480.00k	0.0048% € 255.1k
Peter Nash	Independent Non-Executive Director	6yrs	AU$218.00k	0.0027% € 144.0k
James Cain	Independent Non-Executive Director	less than a year	AU$121.92k	0.0013% € 67.5k
Jane Hewitt	Independent Non-Executive Director	5.9yrs	AU$203.00k	0.0028% € 148.3k

4.2yrs

Average Tenure

Experienced Board: MJB's board of directors are considered experienced (4.2 years average tenure).

Mirvac Group Management

Management criteria checks 3/4

Key information

Recent management updates

Mirvac Group Appoints Rosemary Hartnett as Non-Executive Director, Effective December 2, 2024

Mirvac Group, Annual General Meeting, Nov 15, 2024

Mirvac Group Announces Management Changes

Mirvac Group, Annual General Meeting, Nov 16, 2023

Independent Non-Executive Director recently bought €58k worth of stock

Mirvac Group Announces CEO Changes

Recent updates

Mirvac Group Appoints Rosemary Hartnett as Non-Executive Director, Effective December 2, 2024

Mirvac Group, Annual General Meeting, Nov 15, 2024

Full year 2024 earnings released: AU$0.20 loss per share (vs AU$0.042 loss in FY 2023)

Mirvac Group to Report Fiscal Year 2024 Results on Aug 08, 2024

First half dividend of AU$0.06 announced

Keppel REIT (Australia) Sub-Trust 8 acquired 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).

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.

Now 21% undervalued

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

Now 21% undervalued

Upcoming dividend of AU$0.045 per share at 5.0% yield

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

Now 21% undervalued after recent price drop

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

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

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

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

Now 20% undervalued

Upcoming dividend of AU$0.052 per share

Independent Non-Executive Director recently bought €58k worth of stock

Now 20% undervalued after recent price drop

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

Mirvac Group Announces CEO Changes

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

Mirvac Group, Annual General Meeting, Nov 18, 2022

Full year 2022 earnings released: EPS: AU$0.23 (vs AU$0.23 in FY 2021)

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

Blackstone Reportedly Looks At AMP Capital

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

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

First half 2022 earnings: EPS in line with expectations, revenues disappoint

First half 2022 earnings: EPS in line with expectations, revenues disappoint

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

CEO, MD & Executive Director recently bought €120k worth of stock

CEO, MD & Executive Director recently sold €582k worth of stock

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

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

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

New 90-day low: €1.45

LOGOS Reportedly Taps Moelis in Bid for Milestone Logistics

New 90-day high: €1.66

Mirvac Group Announces Management Changes

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

Full year earnings released

New 90-day low - €1.23

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure