Mirvac expanded from its origins as a residential property developer into property investment, funds management, and commercial property development, with investment generating about two-thirds of group earnings. The company aims to increase exposure to industrial and living sectors while reducing exposure to offices and retail centers.
Cyborg Score Rationale
With a market cap of AUD 7.65B and dividends yielding 4.74%, Mirvac demonstrates stable fundamentals. However, GuruFocus detected 7 severe warning signs and the company faces sector headwinds from office and retail portfolio concentration, though strategic repositioning toward higher-growth sectors shows positive intent.
Top Insights
Strong population growth should underpin earnings particularly in residential sales and rents in retail, industrial, build-to-rent, and land-lease sectors
Portfolio composition is 50% office, 20% retail, 15% industrial with company targeting shift away from office/retail toward industrial and living assets
Dividend yield of 4.74% indicates income-focused investor appeal
4 of 5 analysts recommend buying with +24.03% upside potential to AUD 2.41 price target
Named Competitors
Goodman Group — Industrial and logistics real estate leader
Scentre Group — Shopping center owner and manager
Stockland — Diversified real estate with residential and retail focus
Dexus — Office and industrial property REIT
Recent Developments
(Feb 2026) Stock trading at AUD 1.94 with 52-week range of AUD 1.91-2.46
(Feb 2026) Analyst consensus suggests buy with average price target of AUD 2.41
(2025) Investment segment continuing to drive majority of earnings with development contributing approximately one-fourth
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