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Mirvac Group (ASX:MGR) Asset Impairment Charge : A$0 Mil (TTM As of Dec. 2023)


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What is Mirvac Group Asset Impairment Charge?

Mirvac Group's Asset Impairment Charge for the six months ended in Dec. 2023 was A$0 Mil. Its Asset Impairment Charge for the trailing twelve months (TTM) ended in Dec. 2023 was A$0 Mil.


Mirvac Group Asset Impairment Charge Historical Data

The historical data trend for Mirvac Group's Asset Impairment Charge can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mirvac Group Asset Impairment Charge Chart

Mirvac Group Annual Data
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Asset Impairment Charge
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Mirvac Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Mirvac Group Asset Impairment Charge Calculation

Asset Impairment Charge is the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

Asset Impairment Charge for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0 Mil.


Mirvac Group Asset Impairment Charge Related Terms

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Mirvac Group (ASX:MGR) Business Description

Industry
Traded in Other Exchanges
Address
200 George Street, Level 28, Sydney, NSW, AUS, 2000
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

Mirvac Group (ASX:MGR) Headlines

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