Business
Mirvac to focus on build-to-rent as pandemic hits the profit line – Sydney Morning Herald
Property group Mirvac will focus on the burgeoning build-to-rent sector and says its diversified asset base has helped it survive through the global pandemic.
Mirvac chief executive Susan Lloyd-Hurwitz said despite the pandemic, the group delivered solid results for the half year with an operating profit after tax of $276 million, an increase of 10 per cent from second half of the 2020 year to June 30.
As a result, Mirvac has initiated guidance for the full 2021 year, with operating earnings per share guidance of between 13.1¢ to 13.5¢ per stapled security and distribution guidance of 9.6¢ to 9.8¢ for the year ending June 2021.
The pandemic continued…
-
Business21 hours agoThe pros and cons of buying CBA shares in September
-
Noosa News21 hours agoRent changes on way for hundreds of social housing recipients following government review
-
Noosa News19 hours agoPolice reject claims about detained protester; SEQ train lines to be disrupted; BlueCare to cut enrolled nurses
-
Business17 hours agoWhere will Berkshire Hathaway be in 1 year?