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MGR - Mirvac Group

Build to Rent is growing fast off a low base​



i hold MGR ( 'free-carried' )

am not a big fan of this trend , i see complexity , bad press, bad tenants , and every increasing regulations
 
If there is to be a legislative residential building boom, I was thinking Mirvac may be one company able to take advantage.
 
Kind of an interresting level for Mirvac to bounce off this week.

'Market Mattters' sent out a trading alert to subscribers on Wednesday saying they were adding this stock.
They said, "Mirvac (MGR) has pulled back to support around $1.80 as bond yields have risen globally. We believe the pullback in the property sector more broadly is a buying opportunity ahead of results in February. We are increasing our target weight from 4% to 5%."

I haven't made an initial buy - mostly general reluctance to reduce cash buffer but also have not had rewarding results from AREITs so far: DXS, ABG, ASK

Not Held

 
buying price is pivotal with these babies ( AREITs ) while the yield may be good you are foregoing franking credits ( which is IMPORTANT to some )
i hold MGR ( bought @ $1.10 in 2011 )

so the capital gains are not so impressive although i did reduce @ $2.39 in October 2017 and again @ $2.13 in April 2023


Dividend TypeDividend Amount ($)FrankedEx-Div DatePay Date
Final0.0600.00%27/06/202429/08/2024
Interim0.0450.00%28/12/202329/02/2024
Final0.0530.00%29/06/202331/08/2023
Interim0.0520.00%29/12/202228/02/2023
Final0.0510.00%29/06/202231/08/2022
Interim0.0510.00%30/12/202128/02/2022
Final0.0510.00%29/06/202131/08/2021
Interim0.0480.00%30/12/202001/03/2021
Final0.0300.00%29/06/202014/09/2020
Interim0.0610.00%30/12/201928/02/2020
Final0.0630.00%27/06/201930/08/2019
 
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