MGR 2.61% $2.17 mirvac group

May 3 (Reuters) - Mirvac Group (MGR) : Mgr 3q16 operational...

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

    • Mgr 3q16 operational update (MGR)
    • 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
 
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