Mirvac Group (ASX:MGR) Dividend Payout Ratio: 0.58 (As of Dec. 2025) — 35% Above Median


ASX:MGR Mirvac Group ASX:MGR
71 GF Score
Price A$1.77
GF Value A$2.30
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Mirvac Group Dividend Payout Ratio?

Mirvac Group ASX:MGR -1.12% 71 Dividend Payout Ratio is 0.58 as of Dec. 2025, which is 35% above its 10-year median of 0.43. GuruFocus rates ASX:MGR with a GF Score™ of 71/100 and a GF Value™ of A$2.30 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 716 REITs companies, Mirvac Group ranks better than 56.01% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Mirvac Group's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.58.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Mirvac Group is 0.94, which seems too high.

The historical rank and industry rank for Mirvac Group's Dividend Payout Ratio or its related term are showing as below:

ASX:MGR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.43   Max: 5.29
Current: 0.94

During the past 13 years, the highest Dividend Payout Ratio of Mirvac Group was 5.29. The lowest was 0.33. And the median was 0.43.

ASX:MGR's Dividend Payout Ratio is ranked better than
56.01% of 716 companies
in the REITs industry
Industry Median: 0.99 vs ASX:MGR: 0.94

As of today (2026-06-29), the Dividend Yield % of Mirvac Group is 5.15%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Mirvac Group was 5.95%. The lowest was 3.05%. And the median was 4.54%.

Mirvac Group's Dividends per Share for the months ended in Dec. 2025 was A$0.05.

During the past 12 months, Mirvac Group's average Dividends Per Share Growth Rate was -12.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -4.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -0.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mirvac Group was 66.80% per year. The lowest was -36.00% per year. And the median was 3.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Mirvac Group (ASX:MGR) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Mirvac Group Dividend Payout Ratio Related Terms

Mirvac Group Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Mirvac Group's Dividend Payout Ratio 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.

Mirvac Group Dividend Payout Ratio Chart

Mirvac Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.44 0.00 0.00 5.29

Mirvac Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 7.50 2.65 0.58

ASX:MGR vs VICI, WPC, BNL: Dividend Payout Ratio Comparison

For the REIT - Diversified subindustry, Mirvac Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mirvac Group Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Mirvac Group's Dividend Payout Ratio falls into.


ASX:MGR
71GF Score
Mirvac Group ASX:MGR
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mirvac Group Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Mirvac Group's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=0.09/ 0.017
=5.29

Mirvac Group's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.047/ 0.081
=0.58

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.58 mean?
Mirvac Group (ASX:MGR) has a Dividend Payout Ratio of 0.58 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mirvac Group and its competitors. This is 35% above median its historical median of 0.43. Over the past decade, Mirvac Group's Dividend Payout Ratio has ranged from 0.33 to 5.29. According to the industry distribution chart, Mirvac Group ranks #315 out of 716 companies in the REITs industry, placing it in the top 44%.
Is Mirvac Group's Dividend Payout Ratio too high?
Mirvac Group's current Dividend Payout Ratio of 0.58 is 35% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 5.29. The REITs industry median Dividend Payout Ratio is 0.99. Mirvac Group's value of 0.58 is 41.4% below this industry median. Based on the distribution chart, Mirvac Group ranks #315 out of 716 companies in the REITs industry, which is above the industry midpoint. Overall, Mirvac Group has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mirvac Group's Dividend Payout Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Mirvac Group ranks #315 out of 716 companies for Dividend Payout Ratio. This puts Mirvac Group in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Mirvac Group's value of 0.58 is 41.4% below this benchmark. Historically, Mirvac Group's own Dividend Payout Ratio has ranged from 0.33 to 5.29 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.99, Mirvac Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mirvac Group's current Dividend Payout Ratio of 0.58 is 41.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mirvac Group and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirvac Group's current Dividend Payout Ratio is 0.58, which is 35% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirvac Group stock overvalued right now?
Based on GuruFocus' analysis, Mirvac Group (ASX:MGR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.30, compared to a current price of A$1.77 — trading 23.3% below its estimated fair value. The current Dividend Payout Ratio is 0.58, which is 35% above median its 10-year median of 0.43 and 41.4% below the REITs industry median of 0.99. Mirvac Group's overall GF Score™ is 71/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Mirvac Group (ASX:MGR), the current Dividend Payout Ratio is 0.58 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mirvac Group (ASX:MGR) Overvalued in 2026?

Based on GuruFocus' analysis, Mirvac Group stock appears to be undervalued. The current stock price of A$1.77 is trading 23.3% below its estimated GF Value™ of A$2.30. GuruFocus considers Mirvac Group to be Modestly Undervalued.

Key valuation signals for ASX:MGR:

  • Dividend Payout Ratio: 0.58 (35% above median its 10-year median of 0.43)
  • GF Value™: A$2.30 vs. price of A$1.77 (23.3% below fair value)
  • GF Score™: 71/100 with 9 warning signs
  • Industry Position: 41.4% below the REITs median (#315 of 716)

No single metric tells the full story. See the ASX:MGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mirvac Group Business Description

Industry Real EstateREITs
Other Exchanges MRVGF:USA
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 50% 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 one-fourth of fiscal 2025 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.
71GF Score

Get the complete analysis for ASX:MGR

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$1.77
Price
A$2.30
GF Value