Citi analysts predict a series of catalysts that could potentially drive earnings growth for Australian property developer, Mirvac Group (ASX:MGR), starting from financial year 2025.

The brokerage boosts the target price (PT) to A$2.50 per share, up from A$2.40, while still maintaining a ‘neutral’ stance.

The analysts foresee a dip in costs related to debts and an anticipated improvement in the master plan communities business volumes.

Out of 14 analysts, two rated Mirvac Group’s stock a ‘buy’, nine ‘neutral’, and three a ‘sell’ or lower.

Their median target price is A$2.32, according to Refinitiv data.

As of the recent closing, the stock’s performance has seen a 12.7% surge this year.

Mirvac Group is a leading Australian property developer with core operation in the creation of residential, retail, office, industrial, and mixed-use properties.