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. » Więcej na 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. » Więcej na 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. » Więcej na de.investing.com