First Impressions Profit Report: Mirvac Group (MGR) - FY15 result in line & FY16 distribution guidance range of 9.7-9.9cps

Mirvac had Net tangible assets (NTA) per stapled security of $1.74, up from $1.66 in June 2014 ( current price $1.83). Their office portfolio had an occupancy of 94%, Net operating income like-for-like growth 2.6% as compared to 3.4% in pcp. Retail occupancy was 99.4%, Net operating income like-for-like growth 2.1% as compared to 2.0% in pcp. Industrial occupancy was 98.7%, Net operating income like-for-like growth 3.4% as compared to 4.0% in pcp and residential settlements were 2,271 lots in line with FY15 target of >2,200. Read the full summary here: (VIEW LINK)