MGR.AX Mirvac Group ASX A$1.91 on 13 Feb 2026: earnings Feb 18 to test dividend

MGR.AX stock closed at A$1.91, down 2.05% on 13 Feb 2026 as investors priced in Mirvac Group’s upcoming results due 18 Feb 2026. The ASX-listed Mirvac Group (MGR.AX) carries a PE of 96.50 and an annual dividend yield near 4.77%, placing income expectations at the centre of the earnings spotlight. Today’s trade volume reached 14,845,877, above the 50-day average, signalling heightened attention ahead of guidance and dividend clarity.

MGR.AX stock: earnings context and timing

Mirvac Group (MGR.AX) reports earnings on 18 Feb 2026 and the market is focused on rental reversion and residential settlements. One key metric is EPS of 0.02 and reported PE of 96.50, which leaves little margin for upside surprises. Investors will watch management commentary on asset valuations, leasing demand for office holdings and any change to distribution guidance.

Price action and technicals

The share price closed at A$1.91 after trading between A$1.89 and A$1.94 today, with year range A$1.92–A$2.46. Momentum indicators show RSI 34.91, MACD near zero and ADX 31.35, suggesting a strong downtrend bias but short-term oversold conditions. The 50-day average is A$2.02 and the 200-day average is A$2.22, both above the current price and implying technical resistance overhead.

Valuation, cash flow and balance sheet

Mirvac’s market cap is about A$7.62B and book value per share is A$2.30. Price-to-book sits at 0.84, while price-to-free-cash-flow is ~13.90, reflecting moderate market scepticism versus tangible equity. Net debt metrics and debt-to-equity of 0.50 show manageable leverage for a REIT, and free cash flow yield is roughly 7.20%, which underpins the near 4.77% dividend yield.

Dividend, earnings quality and sector context

Mirvac’s trailing dividend per share is A$0.092, with payout coverage supported by free cash flow. The Real Estate sector in Australia has lagged the ASX but yields remain attractive; the sector’s one-year performance is 8.98% and YTD -5.05%. For MGR.AX, the earnings report will be judged on whether cash flow and distributions remain stable amid office leasing headwinds.

Meyka AI rates MGR.AX with a score out of 100

Meyka AI rates MGR.AX with a score out of 100: 64 / 100 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade highlights a balance between attractive yield and stretched near-term earnings multiples; this is not financial advice.

Meyka AI’s forecast, price targets and outlook

Meyka AI’s forecast model projects a monthly price of A$2.07, a quarterly price of A$2.18 and a yearly price of A$2.21. Versus the current price A$1.91, the yearly projection implies an upside of 15.95%. Short-term technical resistance sits near A$2.02, with a conservative downside scenario around A$1.60 if office demand weakens. Forecasts are model-based projections and not guarantees.

Final Thoughts

Mirvac Group (MGR.AX) trades at A$1.91 on 13 Feb 2026 with earnings due 18 Feb 2026 that could shift the market’s view on dividend cover and asset values. The stock shows attractive cash flow metrics — free cash flow yield about 7.20% and a dividend yield near 4.77% — but valuations look rich on PE metrics at 96.50. Technicals favour caution: the 50-day average is A$2.02 and the 200-day average A$2.22, both above the current price. Meyka AI’s grade gives MGR.AX a B (64/100) and our forecast model projects A$2.21 over 12 months, implying 15.95% upside from today’s close. Watch the Feb 18 results for guidance on distributions, office leasing trends and any revaluation adjustments — those items will determine whether the stock resumes an income trade or faces renewed multiple compression. Remember: Meyka AI provides an AI-powered market analysis platform view; forecasts are model-based projections and not guarantees.

FAQs

When does Mirvac report earnings and why does it matter for MGR.AX stock?

Mirvac reports on 18 Feb 2026. The result matters because management may update guidance on distributions, office leasing and settlement timing, all of which directly affect the valuation and dividend outlook for MGR.AX stock.

What are the key valuation metrics for MGR.AX stock to watch?

Key metrics include PE 96.50, price-to-book 0.84, free cash flow yield 7.20%, and dividend yield 4.77%. These show a mix of high earnings multiple and solid cash generation supporting income.

What price does Meyka AI forecast for MGR.AX stock?

Meyka AI’s model projects a yearly target of A$2.21, implying about 15.95% upside from A$1.91. Forecasts are model-based projections and not guarantees.

How does sector performance affect Mirvac’s outlook?

Real Estate sector momentum and office leasing trends drive valuation and demand for REITs. Mirvac’s exposure to office assets makes sector leasing and capital market sentiment important for MGR.AX stock performance.

Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.