Brief: Mirvac Group Sees FY24 Distributions Of 10.5 Au CPSS

Mirvac

15/08/2023 23:36

Aug 16 (Reuters) - Mirvac Group  MGR.AX :
    * SEES FY24 DISTRIBUTIONS OF 10.5 AU CPSS
    * TARGETING OPERATING EARNINGS IN FY24 OF 14.0 TO 14.3 AU
CPSS
    * CONTINUED TO SEE GOOD SALES MOMENTUM AS MEDIUM-TERM
OUTLOOK
IMPROVES
    * WILL CONTINUE TO SELL DOWN NON-CORE ASSETS TO OPTIMISE
CAPITAL
ALLOCATION ACROSS OUR PORTFOLIO
    * WILL CONTINUE TO INCREASE EXPOSURE TO INDUSTRIAL AND
LIVING
SECTORS OVER TIME
    * UPCOMING APARTMENT PROJECT COMPLETIONS AND PLANNED
LAUNCHES IN
FY24 AND FY25, WELL-PLACED TO CAPTURE EXPECTED DEMAND IN
UNDERSUPPLIED MARKET

Further company coverage:  MGR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))