Goodman operates an own-develop-manage business model. A typical cycle starts from acquiring a site and developing it. Completed projects are either sold or retained in one of Goodman’s funds or partnerships. Goodman typically retains minority stakes in the investment vehicles and continues to manage the sites after completion.
Structural tailwinds, such as rising e-commerce, supply chain transformation, and cloud technology, are likely to continue having a significant bearing on industrial property demand.
Industrial property has benefited from several years of tight supply, and rents have increased dramatically. There is a limit to how much more rents can grow, as tenants may not be able to keep paying higher rents if productivity is not going up at the same pace.
|
Metric
|
GMG
|
PLD
|
CHC
|
|---|---|---|---|
Price/Earnings (Normalized) | 179.54 | 45.12 | 20.20 |
Price/Book Value | 2.18 | 2.23 | 2.98 |
Price/Sales | 21.76 | 13.36 | 19.59 |
Price/Cash Flow | 28.95 | 22.31 | — |
|
Metric
|
GMG
|
PLD
|
CHC
|
|---|---|---|---|
Quick Ratio | 3.05 | 0.58 | 1.26 |
Current Ratio | 3.55 | 0.74 | 1.97 |
Interest Coverage | 358.94 | 5.68 | 15.29 |
|
Metric
|
GMG
|
PLD
|
CHC
|
|---|---|---|---|
Return on Assets (Normalized) | 8.42% | 4.64% | 13.31% |
Return on Equity (Normalized) | 11.14% | 8.64% | 17.30% |
Return on Invested Capital (Normalized) | 8.81% | 5.96% | 15.12% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Goodman Group
GMGSF
| — | LOCK|Q$vY | $38B | |||
| VICI Properties Inc Ordinary Shares
VICI
| — | LOCK|^^^ | $25B | |||
| W.P. Carey Inc
WPC
| — | LOCK|nv | $15B | |||
| Stockland Corp Ltd
STKAF
| — | LOCK|k?T | $7B | |||
| Land Securities Group PLC ADR
LDSCY
| — | LOCK|&F | $7B | |||
| Land Securities Group PLC
LSGOF
| — | LOCK|y> | $7B | |||
| Fibra Uno Administracion SA de CV Certificados Bursatiles Fiduciarios Inmobiliario Series -11-
FBASF
| — | LOCK|T!W | $6B | |||
| Charter Hall Group
CTOUF
| — | LOCK|Q!YJL | $6B | |||
| GPT Group
GPTGF
| — | LOCK|&c< | $6B | |||
| Covivio SA
GSEFF
| — | LOCK|#N | $5B |
United States