UBS says Mirvac needs a strong second half to meet its settlement target
UBS sees Mirvac needing a sharp rise in settlements in the second half to reach its FY 2027 guidance. The broker keeps a neutral rating.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
UBS analysts believe Australian homebuilder Mirvac will need a strong second half to reach its annual guidance for residential settlements. Market Talk reports the view, citing analyst Cody Shield.
Mirvac recorded 291 settlements in the first quarter. The company kept its FY 2027 target of 2,800 to 3,100 settlements unchanged. "We are watching sales momentum and cancellation rates closely," Shield said.
One positive for investors is that Mirvac has historically weighted settlements toward the second half. UBS estimates the second-half share was 68% in FY 2025 and 61% in FY 2026. The bank keeps a neutral rating and an A$1.99 price target. At the time of the report, the shares were down 0.8% at A$1.805.
why it matters
The story concerns one company, but it shows how the Australian housing market feeds into developer earnings. If sales slow further or cancellations rise, meeting guidance will be harder, which matters for investors tracking the sector.
tags
instruments
sources
- Mirvac Needs Big 2H to Hit Settlement Goal But Has Form — Market Talk, 22 October 2026 at 23:32 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗