Mirvac has reaffirmed its full-year earnings per share (EPS) and distribution guidance on the back of a solid first quarter.
The property group reaffirmed it expects EPS in the range of 12 to 12.3 cents per share.
The property group's full-year distribution is still seen in a range between 9.2 and 9.4 cents per share.
Mirvac chief executive Susan Lloyd-Hurwitz said the property group was taking advantage of buoyant conditions in the residential sector.
"We have a significant release program in fiscal 2015 of over 2,700 lots, with a strong focus on projects in Sydney and Brisbane which is where we have seen the strongest activity," she said.
Mirvac settled 588 lots during the September quarter and remains on track to settle 2,200 for the full year.
The group also acquired more than 550 lots across Australia during the quarter and Sydney's Birkenhead Point retail asset and marina berths for $310.0 million.
Ms Lloyd-Hurwitz said the company was looking for further development opportunities in the residential sector.
"We also continue to look at opportunities to restock our residential pipeline to ensure future income for the Group, being focused and disciplined in where and how we compete for sites," she said.
She said the company's office, retail and commercial divisions also performed well during the September quarter.