Mirvac reports operating profit at $631 million

Company News

by Rachael Jones

Mirvac (ASX:MGR) achieved a statutory profit of over $1 billion for its fourth year in a row.

On a per security basis, this came in at 17.1 cents, which was at the top end of guidance.

The company reported a 4 per cent increase in operating profit to $631 million from last year's $608 million.

They completed 82 leasing deals over approximately 96,400 square metres, with positive leasing spreads of 16.6 per cent.

Shares in Mirvac (ASX:MGR) are trading 2.35 per cent higher at $3.27.