Mirvac Shares Fall 2.8% to A$1.77 Despite Steady Guidance
Mirvac held its earnings and settlements guidance steady. Jefferies noted the company introduced language saying settlements expectations are skewed to the second half.
Australian homebuilder Mirvac's share price falls 2.8% to A$1.77 despite holding its earnings and settlements guidance steady against a backdrop of strengthening debt headwinds. Jefferies notes Mirvac has introduced language around settlements expectations being skewed to 2H. "The slowdown in resid…