Mirvac Group (ASX:MGR) Tax Provision : A$-25 Mil (TTM As of Jun. 2024)

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What is Mirvac Group Tax Provision?

Mirvac Group's tax provision for the six months ended in Jun. 2024 was A$-21 Mil. Its tax provision for the trailing twelve months (TTM) ended in Jun. 2024 was A$-25 Mil.

Mirvac Group Tax Provision Historical Data

The historical data trend for Mirvac Group's Tax Provision 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 Tax Provision Chart

Mirvac Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Tax Provision

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-20.00

-35.00

-78.00

17.00

-25.00

Mirvac Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Tax Provision	Get a 7-Day Free Trial															-28.00	-12.00	29.00	-4.00	-21.00

Mirvac Group Tax Provision Calculation

Tax to be paid.

Tax Provision for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-25 Mil.

Mirvac Group Business Description

Industry

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MRVGF:USA

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a quarter of EBIT in fiscal 2024, despite requiring only about less than 20% 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. After an expected trough in 2025 we forecast modest growth as Mirvac 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 Headlines

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