Investing.com - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

BRIEF-Mirvac Group issues update on outlook

Published 03/05/2016, 09:40 am
Updated 03/05/2016, 09:50 am
© Reuters. BRIEF-Mirvac Group issues update on outlook
MGR
-

May 3 (Reuters) - Mirvac Group MGR.AX :

* Mgr 3q16 operational update MGR.AX

* Remain on track to achieve our asset sales target of between $400 to $600 million by the end of this financial year

* Expects to achieve a development roic of over 12 per cent by 30 June 2016, one year ahead of its target

* Narrowed its FY 2016 operating EPS guidance to 12.9 to 13.0 cents per stapled security ("cpss")

* Revised its FY 2016 distribution guidance to 9.9 cpss

* Outlook for the office portfolio remains positive

* Source text for Eikon ID:nASX4Cb3fL

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.