Mirvac Group's 664 Collins Street. (Photo: Mirvac Group)

Mirvac Group has reaffirmed its operating EPS guidance of between 16.8 to 17.1 cpss for FY2019, which represents an increase in earnings of between 2-4% over the previous financial year.

This guidance was affirmed in an operating update provided by the group for its 1Q 2019 on 23 October.

Accordingly, Mirvac has also affirmed its distribution guidance of 11.6 cpss for FY2019, which represents DPS growth of 5% for the financial year.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.