Macquarie keeps Buy rating for Mirvac Group stock

Published on 10/02/2026 at 19:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mirvac targets AUD 0.132 to AUD 0.134 for fiscal 2027, up 4.20 percent. Mirvac Group stock costs EUR 1.10 on October 2, 2026 after EUR 1.10.

Mirvac, AU000000MGR9, Illustration mit AI erstellt.

Mirvac Group (ISIN AU000000MGR9) was trading at EUR 1.10 at Lang & Schwarz on October 2, 2026 at 7:01 p.m. CEST, unchanged from the prior close of EUR 1.10. Macquarie maintained a Buy rating and set an AUD 2.20 price target on September 30, 2026, according to Markets Insider.

Macquarie sees AUD 2.20 target

The target is AUD 0.42 above the ASX quote of AUD 1.78 from October 2, 2026, a 23.60 percent difference calculated against the ASX price. The separate euro quotation remains the reference for German investors, while the Australian listing provides the home-market context.

Macquarie's call follows Mirvac's fiscal 2026 results and its fiscal 2027 outlook. The company held its FY26 results briefing on August 19, 2026, according to Mirvac.

Fiscal 2027 guidance adds figures

In the results briefing, Mirvac reported fiscal 2026 operating profit of AUD 508.0 million, up 7.00 percent from the prior comparable period, while headline gearing declined to 24.10 percent and available liquidity reached AUD 1.6 billion, according to Yahoo Finance.

For fiscal 2027, management guided to operating earnings per security of AUD 0.132 to AUD 0.134 and distributions per security of AUD 0.099, representing distribution growth of 4.20 percent. The outlook also includes 2,800 to 3,100 residential settlements, with 63.00 percent of the settlement target already secured.

Buyback meets balance-sheet discipline

Mirvac also announced a share buyback of up to AUD 200.0 million, while available liquidity stood at AUD 1.6 billion and headline gearing was 24.10 percent in fiscal 2026. The figures give the capital-return plan a measurable balance-sheet context rather than making the buyback the only investment variable.

The operating backdrop is mixed within the property group. Residential sales volumes increased 15.00 percent in fiscal 2026, while the investment portfolio maintained 98.00 percent occupancy; management also said development returns should exceed 10.00 percent in fiscal 2027, according to Yahoo Finance.

Mirvac stock holds at EUR 1.10

Mirvac Group was trading at EUR 1.10 at Lang & Schwarz on October 2, 2026 at 7:01 p.m. CEST, after a prior close of EUR 1.10, for a change of plus 0.00 percent. On ASX, the stock was last at AUD 1.78 on October 2, 2026 at 4:10 p.m. AEST, versus AUD 1.79 previously.