Mirvac Group (ASX:MGR) reported Friday that it broke even in the fiscal first half after recording a loss of AU$0.051 per diluted stapled security a year earlier.
Analysts polled by Visible Alpha expected earnings of AU$0.016 per diluted stapled security.
Funds from operations in the period fell to AU$247 million from the prior year's AU$265 million. Analysts surveyed by Visible Alpha expected AU$229 million.
Total revenue and other income for the six months ended Dec. 31, 2024, was AU$1.28 billion, up from AU$1.26 billion in the same period a year earlier.
The real estate investment reaffirmed its fiscal 2025 operating earnings guidance of AU$0.12 to AU$0.123 per stapled security and a distribution target of AU$0.09 per stapled security. Analysts polled by Visible Alpha expect diluted EPS of AU$0.08.
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