MGR Equity raising to fund strategic growth initiatives
Mirvac Group today announces that, following strong performance in FY19 to date, it expects to deliver FY19 earnings per stapled security (“EPS”) of 17.1 cents per stapled security (“cpss”), representing growth of 4 per cent on FY181. This is at the top end of its previous guidance range of 16.9 to 17.1 cpss. Mirvac re-affirms its FY19 distribution per stapled security (“DPS”) guidance of 11.6 cpss, representing DPS growth of 5 per cent on FY18. Mirvac also announces that it is undertaking an equity raising.