Mirvac reaffirms earnings guidance

Real estate group on track for earnings per share forecasts, return on capital.

Mirvac Group (MGR) has reaffirmed operating earnings per share guidance for fiscal 2014, saying housing volumes and pricing are starting to improve.

In its first quarter update, Mirvac restated earnings per share forecasts of 11.7 cents to 12 cents per stapled security and distribution guidance of 8.8 cents to 9 cents per stapled security.

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