Loading companies…

Mirvac Group ASX:MGR

0 opened or increased5 held1 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 10 managers in total.

Position history by manager Showing 3 of 10 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

7 more managers have commented on MGRPro shows the full position history for all 10 managers.

Upgrade to Pro

20252026

5 Dec 2024 to today

Commentary Showing 2 of 16

DateManagerActionSummary

24 Aug 2026Pendal GroupHeldPendal Group continues to hold Mirvac because its FY26 EPS grew 7%, in line with expectations, helped by a recovery in development earnings including one-off profits from partial sell-downs of Harbourside apartments and the Monarch Glen estate, with lot settlements of 2,130 matching guidance. The manager notes FY27 guidance points to 2-4% EPS growth, driven by a 40% increase in lot settlements as more estates become active, alongside a newly announced $200m buyback that supports the capital management outlook.

Capital ManagementNewsletter, price recorded $1.90

The source document link is a Pro feature

3 Aug 2026Wilson Asset ManagementHeldWilson Asset Management continues to hold Mirvac Group, describing it as a diversified Australian property group with exposure to office, industrial, retail and residential development. The fund manager likes the combination of a quality property portfolio, a large development pipeline and leverage to an improving interest rate outlook, noting the latest CPI release supported the view that rates are likely near their peak, which should improve sentiment toward the REIT sector over time. While Mirvac has underperformed this year and conditions remain mixed across residential and office markets, Wilson believes the market is already pricing in significant caution, with the stock trading at a discount to net tangible assets, leaving it well placed to benefit from an earnings recovery and increased residential settlements over coming years.

Newsletter, price recorded $1.80

The source document link is a Pro feature

14 more comments on MGRPro shows every comment, with a link to each source document.

Upgrade to Pro

First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 10 managers first commented on MGR.

View Pro

Articles

About Mirvac Group

Real Estate, Equity Real Estate Investment Trusts (REITs)

Mirvac (ASX:MGR) is a diversified property group that fund managers expect to benefit as interest rates stabilise and residential activity recovers. In August 2026, Wilson Asset Management said it continues to like Mirvac for its combination of a quality property portfolio and a large development pipeline. Pendal Group noted FY26 earnings per share grew 7%, in line with expectations, helped by a recovery in development earnings and settlements matching guidance, while Centennial Asset Management highlighted attractive land release exposure following budget changes. Mirvac operates in the Real Estate sector within the Equity Real Estate Investment Trusts industry, and Thesis Tracker has captured 16 comments from 10 fund managers, including Wilson Asset Management, Pendal Group and Centennial. Founded in 1972 and headquartered in Sydney, Mirvac invests in, develops and manages office, industrial, retail and build-to-rent properties and is one of Australia's largest residential developers.

Market cap: $7.1b
Price to earnings: 10.8x
Return on equity: 7.4%
Dividend yield: 5.2%
Price to book: 0.78x
Net margin: 22.8%
52-week range: $1.61 to $2.46

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Mirvac Group (ASX:MGR)?

Fund managers including Cooper Investors, Wilson Asset Management, BKI Investment Company, Pendal Group, Yarra Capital Management, Pengana Capital Group, Perennial Partners, Quest Asset Partners, Centennial Asset Management and First Samuel have invested in Mirvac Group (ASX:MGR).

What opportunities or catalysts do fund managers highlight for Mirvac Group?

Wilson Asset Management highlights a quality investment portfolio and a large development pipeline, and Centennial expects residential land releases and new builds to benefit from federal budget measures once rates stabilise. Pendal notes recovering development earnings and lower-than-expected inflation supporting the outlook.

What are the key risks to the Mirvac Group investment thesis, according to fund managers?

Pendal noted residential sales fell 14% in one quarter and settlements were heavily skewed to the final quarter, showing sensitivity to housing market conditions. Development earnings included one-off sell-down profits, which may not recur.

What does Mirvac Group (ASX:MGR) do?

Mirvac Group is an Australian real estate firm founded in 1972, headquartered in Sydney. The company specializes in property investment, development, and third-party capital and asset management. Its operations are organized into three primary segments: Investment, which covers directly owned assets and joint ventures; Funds, encompassing fund and asset management; and Development, covering residential, commercial, mixed-use, and build-to-rent projects.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…