$Mirvac Group (MGR.AU)$ shares fell 8.5% after reporting a l...

$Mirvac Group (MGR.AU)$ shares fell 8.5% after reporting a loss of $805 million for last financial year. A $1.1bn write down of it’s office portfolio was the major reason behind it. Management also warned about squeezing margins on some projects, so thinks next years operating profit will come in lower.
MGR is trading at $1.93 Vs NTA of $2.36, there is some value to be had, but it’s not for me at this stage.