Mirvac settles AUD 394 million deal: Mirvac stock trails its high by 25.61 percent

Published on 10/13/2026 at 05:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The office fund paid AUD 394 million at a 5.75 percent yield. Mirvac stock's FY26 operating profit rose 7 percent to AUD 508 million.

Key points in brief

Mirvac's Wholesale Office Fund settled an AUD 394 million Sydney office purchase at a 5.75 percent yield on October 12, 2026.
The deal values 5 Martin Place at AUD 788 million and expands the fund's institutional office portfolio.
FY26 operating profit rose 7 percent to AUD 508 million, while the stock's ASX price stood 25.61 percent below its 52-week high.
Mirvac's annual general meeting is scheduled for November 17, 2026.

Mirvac, AU000000MGR9, Illustration mit AI erstellt.

Mirvac (ISIN AU000000MGR9) settled a AUD 394 million office purchase through its Wholesale Office Fund on October 12, 2026, according to The Urban Developer. The transaction gives the fund a half stake in Sydney's 5 Martin Place and adds a current property transaction to Mirvac's FY26 recovery story.

Three milestones shape the story

On February 19, 2026, Mirvac reported first-half revenue of AUD 1.47 billion, up 22 percent from the comparable period, according to Simply Wall St.

On August 19, 2026, the company reported fiscal 2026 revenue of AUD 2.98 billion, up 12 percent from fiscal 2025, while net income reached AUD 677.0 million, the same source reported. On October 12, 2026, the Wholesale Office Fund's 5 Martin Place purchase became the latest dated property event in the sequence.

What does the office purchase add?

The 5 Martin Place tower contains 19 levels and 33,860 square meters of space. The AUD 394 million purchase reflects a 5.75 percent yield and values the full building at AUD 788 million, according to The Urban Developer.

The transaction also highlights a selective office strategy. The same report said the fund raised AUD 630 million during the past 12 months, including AUD 200 million from institutional investors, giving Mirvac additional capital for large assets while keeping the deal tied to a defined rental yield.

Profit growth meets a lower stock valuation

Mirvac's fiscal 2026 operating profit rose 7 percent to AUD 508 million, while gearing stood at 24.1 percent, according to Financial Standard. The combination matters because the office purchase is being financed against a business that has improved reported earnings but still trades below its recent high.

Mirvac was last quoted at AUD 1.83 on the ASX at 2:18 p.m. AEDT on October 13, 2026. That price is 25.61 percent below the 52-week high of AUD 2.46 and implies a market capitalization of AUD 7.2 billion.

Next date is November 17

Mirvac's annual general meeting of securityholders is scheduled for November 17, 2026, at 10:00 a.m. AEDT, according to Mirvac. The meeting is the next dated corporate event listed for investors.

Last euro quote before the new session

The last available Lang & Schwarz quote was EUR 1.13 on October 12, 2026 at 11:00 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Mirvac stock.