Goodman Group (GMGSF.PK) has reaffirmed its commitment to achieving at least 9% operating EPS growth for fiscal 2026, driven by a strategic shift towards large-scale industrial assets and data centers. CEO Greg Goodman highlighted the company’s focus on urban infill logistics and low-latency sites in major metropolitan areas, where demand remains robust and supply is constrained. As of March 31, 2026, the company reported development work in progress valued at AUD 14.5 billion, projected to rise to AUD 18 billion by June 2026, with data centers representing a significant 73% of this total.
This growth trajectory is significant for investors, as Goodman’s stable portfolio, valued at AUD 87.1 billion, and strong occupancy rate of 95.7% indicate resilience in the current market. The company’s 4.1% growth in like-for-like net property income further underscores its solid fundamentals amid evolving customer demands.
For market professionals, Goodman’s strategic positioning in high-demand sectors suggests potential for sustained earnings growth and stability in a fluctuating economic landscape.
Source: nasdaq.com