Mirvac Group Website

Mirvac Group

ASX-MGR

Company Overview

Mirvac is an Australian property group with a clearly defined purpose to reimagine urban life. By creating beautiful homes, inspiring workplace precincts and thriving shopping centres, we aim to make a positive contribution to our cities and communities. Mirvac was founded in 1972, which means we've been shaping Australia's urban landscape for almost fifty years. Of course, we've evolved a lot over that time growing from a small joint venture to become a thriving ASX-listed property group that leads the way in innovation, sustainability and placemaking. Renowned for the quality of our products, we've created some of Australia's most iconic places and precincts, from thriving masterplanned communities, to landmark offices including our own headquarters at EY Centre, 200 George Street, Sydney. At the heart of every project there exists a deep commitment to our customers and communities.

  • Name

    Mirvac Group

  • CEO

    Campbell John Hanan

  • Website

    www.mirvac.com

  • Sector

    Diversified REITs

  • Year Founded

    1972

Company Statistics

Profile

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Financial Health

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Bulls Say

  • Strong population growth should underpin Mirvac’s earnings, particularly residential sales, and rents in the retail, industrial, build-to-rent, and land-lease sectors.

  • Mirvac has diversified income sources. About two thirds of income is rents from the investment portfolio of office, retail, industrial, and living assets. One third of income is residential and commercial property development.

  • Mirvac has demonstrated its capability to deliver commercial, residential, and mixed-use projects over decades. Its reputation as a high-quality developer is well established in Australia.

Bears Say

  • While Mirvac has some high-quality office assets, it also has significant exposure to the non-CBD office markets, where we expect occupancy recovery will be slower than towers in city centers.

  • Residential property development is cyclical and earnings can be lumpy and volatile with varying market prices and sales volume.

  • Nearly all major REITs have established or are trying to establish funds management businesses. Investment management fees are likely to be compressed as competition intensifies.

Source: Morningstar Analysis - Oct 23, 2025
ASX:MGR