Goodman Group

Goodman Group reported a 10.1% rise in operating profit for FY2026 to 2.675 billion AUD, driven by expansion of its industrial property and data center development pipeline. Ongoing data center projects increased to 19.7 billion AUD, with about 90% held in partnerships, which limits balance-sheet risk. Liquidity and undrawn facilities amounted to 6.4 billion AUD with low gearing of 6.5%, and total portfolio value stood at 89 billion AUD. Management is targeting 9% EPS growth in FY2027, expects stronger earnings mainly in the second half, but warns of planning and power risks and of delayed revenue recognition. » Mere på de.investing.com

Morningstar expects Goodman Group’s assets under management to double over the next decade, driven by a growing development pipeline focused on data centres. The pipeline is forecast to grow from A$13bn (2025) to A$18bn (2027); the company is concentrating on large-volume, high-quality projects and early involvement of capital partners to reduce risk. Morningstar views the focus on urban locations in key metropolitan areas positively, while its main risk is high capital expenditure without secured leasing demand and fixed leases. » Mere på de.investing.com

Goodman Group reiterates an operating EPS growth target of at least 9% for financial year 2026 and says it is on track thanks to a growing development pipeline, expected to rise from AUD 14bn to AUD 18bn by June 2026. The company is increasing its focus on data centre and industrial properties, with data centres potentially accounting for up to 50% of investment returns over the long term. To support its capital strategy, AUD 2.7bn of debt was raised; EPS forecasts are $0.93 for 2026 and $1.04 for 2027. The stock closed at $30.05 and reacted only slightly negatively to the news. » Mere på de.investing.com

Goodman US Finance Three sets the price for a cash tender offer for outstanding 3.700% senior, guaranteed notes due 2028 totaling $525 million at $993.64 per $1,000 principal. The calculation is based on a reference yield of 3.804% (U.S. Treasury 15-Mar-2028 plus 25 basis points). The offer and withdrawal deadline expire today at 5:00 p.m. New York time; the expected settlement date is 30 April 2026. Valid tendering creditors will receive the purchase price plus accrued interest. HSBC Securities and J.P. Morgan act as dealer managers, and D.F. King serves as depositary and information agent. » Mere på de.investing.com

Goodman Group is expanding its development pipeline for data centers and aims to increase the pipeline to over 17.5 billion by June 2026 (currently 12.4 billion). The company expects operating earnings of more than 2.6 billion for fiscal 2026 and EPS growth of around 9%. Data centers are expected to raise the share of ongoing projects from 68% to over 75%. Management cites strong project starts in the second half of 2026 but warns of risks such as supply‑chain bottlenecks, market saturation and regulatory changes. » Mere på de.investing.com