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

Dow Jones
02/19

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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