Mirvac Group (ASX:MGR): How Did Residential Development and Investment Earnings Shape FY26?

Aditi Sarkar

29 October 2026 09:35 PM AEDT

Mirvac Group (ASX:MGR): How Did Residential Development and Investment Earnings Shape FY26?

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Key Highlights

For the 29 October 2026 trading session, Mirvac Group (ASX:MGR) recorded a 0.83% increase, with its quoted price at AUD 1.825.
Acknowledgement of Country Mirvac Group FY26 Results 19 August 2026 2 Overview Financial Performance Funds Development Investment Summary & Guidance.
Represents 100% expected end value / revenue (including GST), including where Mirvac is only providing development management services, subject to various factors outside Mirvac’s control.

Mirvac Group (ASX:MGR) operates in the Australian property and real-assets sector, with its activities examined through the reporting periods covered in its financial disclosures. For the completed 29 October 2026 trading session, Mirvac Group (ASX:MGR) was quoted at AUD 1.825, up 0.83% for the day. This article reviews the company’s reported operating performance, property portfolio activity, financial measures and management’s stated plans. Results are described by their specific reporting periods so that historical outcomes are not presented as new events.

Financial Results and Operating Measures

Mirvac Group FY26 Results 19 August 2026 4 Financial Performance Funds Development Investment Summary & Guidance Overview.

Improved Investment portfolio quality Lifted development returns Expanded Funds offering Created balance sheet flexibility Executed against strategic priorities – improving returns 1.

Stabilised portfolio, excluding co-investments, assets held for sale, and IPUC as at 30 June 2026.

Includes future funds under management from committed developments including 55 Pitt, Harbourside, SEED Stage 1 & 2, and 577 King St, at 30 June 2026.

Includes cost of goods sold interest of $53m (June 2025: $19m), interest revenue of $7m (June 2025: $7m), and the Group’s share of joint venture and associate net financing costs of $38m (June 2025: $31m), which is included in Share of net profit/(losses) of joint ventures and associates.

Property Portfolio and Tenant Activity

WACD (including margins and line fees) represents the rate as at 30 June 2026.

WACD over the 12 months to 30 June 2026 was 5.4% (5.6% for the prior corresponding period).

Investment portfolio includes co-investment equity values, and excludes IPUC and the gross up of lease liability under AASB16.

Stabilised portfolio, excluding co-investments, asset held for sale, and IPUC as at 30 June 2026.

Leased by area, including HoA for Aspect North and South Estates, ~98% leased excluding HoA as at 30 June 2026.

Transactions and Capital Management

Includes 577 King Street, West Melbourne, which is a secured, fund-through opportunity expected to settle in October 2026 (subject to satisfaction of conditions precedent).

Includes 100% expected development end values plus valuation of completed assets (Switchyard & Aspect North & South), as at 30 June 2026.

Clear drivers of future value creation The Albertine, Melbourne Mirvac Group FY26 Results 19 August 2026 20 Overview Financial Performance Funds Investment Summary & Guidance Development.

Includes Agreements for Lease (AFL) and non-binding Heads of Agreement (HoA), as at 30 June 2026, excluding HoA 7 Spencer St is ~16% leased and Aspect ~98% leased.

Total FY27 lots including unconditional pre-sales and conditional sales on hand at 14 August 2026.

Business Priorities and Operating Context

National Housing Supply and Affordability Council – State of the Housing System report 2026.

Outlook and Reported Measures

Includes 577 King Street, West Melbourne, which is a secured, fund-through opportunity expected to settle in October 2026 (subject to satisfaction of conditions precedent).

Includes 100% expected development end values plus valuation of completed assets (Switchyard & Aspect North & South), as at 30 June 2026.

Key Insights

Mirvac Group (ASX:MGR) is examined through its reported financial outcomes, property operations and development or capital-management activities. The figures in the article relate to the periods identified in the relevant sections; future objectives are distinct from completed transactions and historical results. Includes Agreements for Lease (AFL) and non-binding Heads of Agreement (HoA), as at 30 June 2026, excluding HoA 7 Spencer St is ~16% leased and Aspect ~98% leased. Total FY27 lots including unconditional pre-sales and conditional sales on hand at 14 August 2026.

FAQs

Q: What is the ASX ticker for Mirvac Group?

A: The ticker is ASX:MGR.

Q: What share price was recorded for ASX:MGR on 29 October 2026?

A: AUD 1.825, with a daily movement of +0.83%.

Q: Which financial periods are discussed for ASX:MGR?

A: The article identifies the reporting periods alongside the relevant reported figures.

Q: What business activities are covered for Mirvac Group (ASX:MGR)?

A: The discussion covers the reported asset portfolio, business operations and financial performance.

Q: How are prospective plans for ASX:MGR described?

A: Company-stated objectives and guidance are distinguished from completed operational results.

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