News: Mirvac on track to reach FY15 guidance

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    Mirvac Group (ASX:MGR) says it is on track to reach its operating earnings and distribution guidance over the full 2015 financial year.  

    The diversified property group expects to generate annual operating earnings of between 12.2 cents and 12.3 cents per stapled security.

    Distribution guidance has been set between 9.2 cents and 9.4 cents per stapled security. 

    Mirvac believes its overweight position to Sydney and Melbourne means the group is well-placed to deliver secure future earnings through high levels of pre-sales.

    Mirvac Group reported a net profit of $279 million in the first half of the 2015 financial year. 
 
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