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Property group Mirvac Group (ASX:MGR) has affirmed its full-year operating earnings per share (EPS) guidance and struck an $826 million deal with Blackstone.
Mirvac’s third quarter update forecasts annual operating EPS of between 11.8 cents and 12 cents per security, representing growth of between 8.3 per cent and 10.1 per cent.
CEO Susan Lloyd-Hurwitz says the company’s investment portfolio continues to perform well and its in-house asset management and leasing teams are delivering strong portfolio metrics.
The update comes one day after Mirvac inked an agreement with private equity giant Blackstone to sell half of its interest in a landmark Sydney office building.
An affiliate of Blackstone Real Estate Asia will pay $435 million to buy the stake and Blackstone has also been granted independent call options over a portfolio of Mirvac’s non-core assets for $391.4 million.
Mirvac Group lifted its net profit to $246.1 million in the first half of the 2014 financial year.
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Last
$2.11 |
Change
0.000(0.00%) |
Mkt cap ! $8.996B | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.14 | $2.11 | $14.78M | 6.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 64140 | $2.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 67690 | 6 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MGR (ASX) Chart |
