Recently, Mirvac Group (ASX:MGR) issued a statement foreseeing its FY24 distributions at 10.5 AU CPSS.

The company also aims to hit an operating earnings target between 14.0 and 14.3 AU CPSS for FY24.

Further bolstering its positive outlook is the continued sale of non-core assets to optimize capital allocation across its portfolio.

Not only is the group seeing good sales momentum due to an improved medium-term outlook, but it also plans to increase industry and living sector exposure over time.

With upcoming apartment project completions and planned launches in FY24 and FY25, Mirvac Group (ASX:MGR) is well-positioned to meet the anticipated demand in an undersupplied market.

Mirvac Group is a leading Australian property group, engaged in the investment and development of commercial and residential property.