Mirvac Group (ASX:MGR) has confirmed that it is on track to deliver operating earnings of between 10.5 to 10.6 cents per stapled security in the 2012 financial year.
In a first quarter update the property developer also confirmed its distribution guidance of between 8.2 to 8.4 cents per stapled security.
Mirvac says it has realised $127 million from its 2012 financial asset sale program.
The company also says it remains focused on securing development returns through pre-sales and leveraging strategic relationships.
In the 2011 financial year Mirvac Group recorded a net profit of $183 million.
