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Mirvac Group Posts 12% Rise in Fiscal Q3 Residential Sales, Reiterates Fiscal 2026 Operating EPS Guidance

-- Mirvac Group (ASX:MGR) said residential sales for the fiscal third quarter reached 592 sales, up 12% year on year, according to a Thursday Australian bourse filing.

The company said year-to-date settlements reached 1,076, up 15% year on year, with about 96% of the fiscal 2026 target lot settlements secured and margins on track to be within the 18% to 22% target range.

Land lease settlements were 333, up 14% year on year, with sales rising 42% year on year to 428, while office and industrial occupancy was maintained at about 97% with minimal near-term expiry risk, the filing added.

Mirvac reiterated its fiscal 2026 guidance, targeting operating earnings per share of AU$0.128 to AU$0.13, representing growth of 6.7% to 8.3%, and a distribution of AU$0.095 per share, representing growth of 5.6%.

The company's shares fell nearly 2% in recent Thursday trade.

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