Australia · Delayed Price · Currency is AUD Goodman Group Earnings Call Transcripts
Fiscal Year 2026
-
Strategy focuses on large-scale industrial and data center assets in prime metro markets, with a robust AUD 18 billion pipeline and a minimum 9% EPS growth target for FY 2026. Strong demand, disciplined capital management, and high barriers to entry underpin growth.
-
Operating profit reached AUD 1.2 billion for H1 FY2026, driven by early income recognition and robust demand for data centers and logistics, with WIP set to exceed AUD 18 billion by June. Management targets 9% EPS growth for FY2026 and maintains strong liquidity and low gearing.
-
Development workbook is forecast to exceed $17.5B by June 2026, with data centers as the main growth driver and robust demand in key global markets. Operating EPS growth of 9% is targeted for FY 2026, supported by strong liquidity, low gearing, and active capital partnerships.
Fiscal Year 2025
-
The meeting highlighted strong financial growth, a robust capital position, and a major strategic push into data centers, supported by new partnerships and a focus on sustainability. All resolutions, including director re-elections and the remuneration report, passed with strong support.
-
Operating profit rose to over AUD 2.3 billion with 9.8% EPS growth, driven by global expansion and a strong focus on data centers and logistics. Capital strength was reinforced by a AUD 4 billion equity raise, and work in progress is set to exceed AUD 15 billion by FY 2026.
-
Strong quarter with $86B portfolio and $13.7B WIP, over half in data centers. FY25 EPS growth forecast at 9%, with high occupancy, positive rental trends, and robust demand for logistics and data centers despite economic uncertainty.
-
Strong H1 FY2025 results with over AUD 1.2 billion operating profit and robust growth in data center and industrial segments. Launching AUD 4 billion capital raise to fund expansion, maintain low gearing, and support a 9% EPS growth target for FY2025.
-
Logistics and data center development momentum remains strong, with high occupancy, robust rental growth, and a global workbook of AUD 12.8 billion. FY2025 guidance targets 9% EPS growth and over $2.2 billion in operating profit, with data centers now over 40% of the pipeline.
Fiscal Year 2024
-
The meeting highlighted strong financial growth, a robust global property portfolio, and a strategic focus on logistics and data centers. All resolutions passed, though the Remuneration Report received a first strike. Shareholders engaged on sustainability, capital management, and governance.
-
Operating profit surpassed AUD 2 billion with 14% EPS growth, driven by strong logistics and data center demand. Data centers now comprise 40% of development WIP, with significant expansion planned and robust capital management supporting a 9% EPS growth outlook for FY25.