| Title: | Mirvac Group |
| Price: | $400.00 |
| Publication Date: | Apr 28, 2008 |
| Report Type: | Full Report |
| Abstract: | Predictable cash flows from a diversified property-investment portfolio Experienced management team and prudent risk-mitigation framework for managing property-development activities Improving property-development project diversity Significant undrawn bank facilities Exposure to market cycles, volatile cash flows, and construction risks in the group's property-development businesses Lumpy capital-expenditure requirements and high distribution-payout ratio Intermediate financial risk profile The ratings on Mirvac Group reflect the predictable cash flows from the group's diversified property-investment portfolio, its experienced management team, strong liquidity, and prudent risk-mitigation processes associated with its higher risk property-development activities. These strengths are tempered to a certain extent by the more volatile cash flows of the group's cyclical residential property-development business, and its moderate financial policies. Mirvac, an Australian-listed stapled property group, targets an |
| Brief Excerpt: | RESEARCH Ratings Definitions Mirvac Group Publication date: ##-Apr-#### Primary Credit Analyst: Paul Draffin, Melbourne (##) #-####-####; paul_draffin@standardandpoors.com Secondary Credit Analyst: Craig Parker, Melbourne (##) #-####-####;... |
| Word Count: | 1877 |
| Ticker: | MGR@AU |
| Issuer: | Mirvac Group |
| GICS: | Diversified REIT's (40402010) |
| Sector: | Global Issuers, Structured Finance, Corporations, Real Estate Companies |
| Country: | Australia |
| Region: | Pacific |
| Format: | 
HTML
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
