OverviewSuggest Edit

Mirvac is a real estate company. It develops and builds office, retail, residential, and industrial properties.
TypePublic
Founded1972
HQSydney, AU
Websitemirvac.com

Latest Updates

Employees (est.) (Jun 2020)1,414
Job Openings23
Revenue (FY, 2021)$1.8 B(-14%)
Share Price (Oct 2021)$2.9(-2%)
Cybersecurity ratingBMore
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Key People/Management at Mirvac

Susan Lloyd-Hurwitz

Susan Lloyd-Hurwitz

Chief Executive Officer and Managing Director
Brett Draffen

Brett Draffen

Chief Investment Officer
Courtenay Smith

Courtenay Smith

Chief Financial Officer
Campbell Hanan

Campbell Hanan

Head of Commercial Property
William Payne

William Payne

Chief Digital Officer
Stuart Penklis

Stuart Penklis

Head of Residential
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Mirvac Office Locations

Mirvac has offices in Sydney, Brisbane City, Perth and Southbank
Sydney, AU (HQ)
Level 28/200 George St
Brisbane City, AU
level 17/123 Eagle St
Perth, AU
Level 39/108 St Georges Terrace
Southbank, AU
Level 5, Building Q3/6 Riverside Quay
Show all (4)

Mirvac Financials and Metrics

Mirvac Revenue

Mirvac's revenue was reported to be $1.81 b in FY, 2021 which is a 14.6% decrease from the previous period.
USD

Revenue (FY, 2021)

1.8b

Revenue growth (FY, 2020 - FY, 2021), %

(14.6%)

Net income (FY, 2021)

899.0m

Market capitalization (1-Oct-2021)

11.5b

Closing stock price (1-Oct-2021)

2.9

Cash (1-Jul-2021)

117.0m

EV

15.3b
Mirvac's current market capitalization is $11.5 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

2.2b2.1b1.8b

Revenue growth, %

(3%)(15%)

Sales and marketing expense

34.0m38.0m34.0m

General and administrative expense

178.0m158.0m177.0m
Half Year
USDH1, 2019H1, 2020H1, 2021

Revenue

1.1b1.3b998.0m

Sales and marketing expense

24.0m20.0m18.0m

General and administrative expense

91.0m94.0m75.0m

R&D expense

580.0m665.0m449.0m
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

134.0m324.0m117.0m

Accounts Receivable

62.0m58.0m63.0m

Inventories

621.0m444.0m632.0m

Current Assets

1.0b1.1b1.0b
Half Year
USDH1, 2019H1, 2020H1, 2021

Cash

83.0m104.0m245.0m

Inventories

632.0m453.0m614.0m

Current Assets

1.0b945.0m1.0b

PP&E

40.0m19.0m15.0m
Annual
USDFY, 2019FY, 2020FY, 2021

Depreciation and Amortization

52.0m75.0m71.0m

Inventories

86.0m

Accounts Payable

(216.0m)(204.0m)

Cash From Operating Activities

518.0m455.0m635.0m
Half Year
USDH1, 2019H1, 2020H1, 2021

Cash From Operating Activities

167.0m354.0m450.0m

Purchases of PP&E

(6.0m)(3.0m)(3.0m)

Cash From Investing Activities

(447.0m)(284.0m)(137.0m)

Long-term Borrowings

(364.0m)(322.0m)(1.4b)
USDH1, 2019

Debt/Equity

0.4 x

Debt/Assets

0.3 x

Financial Leverage

1.6 x
Show all financial metrics

Mirvac Operating Metrics

FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020H1, 2021

Build to Rent Apartments

1.7 k2.2 k

Investments Portfolio

$10.01 m$10.89 m$11.36 m$11.9 m$11.82 m$12.01 m

Lettable Area, sq. m.

1.49 m1.57 m1.56 m1.58 m1.58 m1.68 m

Pipeline Lots

27.41 k27.26 k27.99 k27.55 k27.36 k27.81 k
Show all operating metrics

Mirvac Revenue Breakdown

Embed Graph

Mirvac revenue breakdown by business segment: 56.9% from Development Revenue, 41.4% from Property Rental Revenue and 1.7% from Other

Show all human capital metrics

Mirvac Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Mirvac Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Mirvac Online and Social Media Presence

Embed Graph

Mirvac News and Updates

Mirvac invests in "new retail" concept, expanding it to 3 centres

Mirvac has announced it will expand its rapid full-service retail solution, WeShow, to three new locations across Australia. Mirvac will bring WeShow to Birkenhead Point Outlet Centre in Sydney, Brisbane’s Toombul Shopping Centre and Kawana Shoppingworld on the Sunshine Coast.

Mirvac leads $220m Melbourne land splurge

ASX-listed Mirvac and Chinese developer Dahua have led $220 million of major residential land acquisitions in Melbourne’s outer suburbs as the city’s post-COVID-19 housing boom rolled on.

Mirvac signs five-year partnership with Biennale of Sydney

Mirvac looks to push the boundaries of traditional development to evolve its buildings and precincts to be more experiential. The Group have today announced a five-year partnership with major international contemporary art event the Biennale of Sydney.

Mirvac Expands Victorian Apartment Portfolio With Acquisition Of 699 Park Street, Fronting Prestigious Princes Park

Mirvac has demonstrated confidence in Melbourne’s apartment market with the acquisition of 699 Park Street, located in the tightly held Princes Park precinct alongside Princess Hill in Brunswick, as it continues to bolster its Victorian residential portfolio.

Disposing of Disposable Coffee Cups

Mirvac have been collaborating with Cercle to provide reusable coffee cups at several cafes close to our headquarters.

Introducing our reimagined family program Together + Co

We recognise that modern families come in all different shapes and sizes, so we invite you to join our all-inclusive new community.

Mirvac Frequently Asked Questions

  • When was Mirvac founded?

    Mirvac was founded in 1972.

  • Who are Mirvac key executives?

    Mirvac's key executives are Susan Lloyd-Hurwitz, Brett Draffen and Courtenay Smith.

  • How many employees does Mirvac have?

    Mirvac has 1,414 employees.

  • What is Mirvac revenue?

    Latest Mirvac annual revenue is $1.8 b.

  • What is Mirvac revenue per employee?

    Latest Mirvac revenue per employee is $1.3 m.

  • Who are Mirvac competitors?

    Competitors of Mirvac include Stockland, GPT Group and Investa.

  • Where is Mirvac headquarters?

    Mirvac headquarters is located at Level 28/200 George St, Sydney.

  • Where are Mirvac offices?

    Mirvac has offices in Sydney, Brisbane City, Perth and Southbank.

  • How many offices does Mirvac have?

    Mirvac has 4 offices.