Mirvac at Start of Multi-Year Run of Earnings Growth -- Market Talk

Dow Jones02-19 07:43

2343 GMT - Macquarie is becoming increasingly confident that FY 2026 will be the start of a multi-year period of stronger earnings growth by homebuilder Mirvac. It points to A$100 million of additional net operating income from development completions. Mirvac has A$2.3 billion of secured funds under management and Macquarie highlights a A$4 billion committed pipeline of commercial developments. On top of this, the company has A$1.6 billion of residential pre-sales and has a record of keeping a tight rein on costs. "This is reflected in our funds from operations FY 2026-2029 compound annual growth rate of 6.8%," says Macquarie. It rates Mirvac at outperform. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 18, 2026 18:43 ET (23:43 GMT)

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On top of this, the company has A$1.6 billion of residential pre-sales and has a record of keeping a tight rein on costs. \"This is reflected in our funds from operations FY 2026-2029 compound annual growth rate of 6.8%,\" says Macquarie. It rates Mirvac at outperform. 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(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 18, 2026 18:43 ET (23:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MGR.AU","symbol_name":"MIRVAC GROUP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2612420228","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612420228","pubTimestamp":1771458180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2343 GMT - Macquarie is becoming increasingly confident that FY 2026 will be the start of a multi-year period of stronger earnings growth by homebuilder Mirvac. 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