GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (OTCPK:MRVGF) » Definitions » Cash Receipts from Tax Refunds

MRVGF (Mirvac Group) Cash Receipts from Tax Refunds


View and export this data going back to 2013. Start your Free Trial

What is Mirvac Group Cash Receipts from Tax Refunds?

Cash Receipts from Tax Refunds only applies to banks and insurance companies.


Mirvac Group Business Description

Industry
Traded in Other Exchanges
Address
200 George Street, Level 28, Sydney, NSW, AUS, 2000
Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two thirds of group earnings. The investment portfolio, by book value, is made up of 60% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer-term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around a third of fiscal 2024 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.