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Goodman Group GMG Stock Quote

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Morningstar‘s Stock Analysis GMG

Currency in AUD
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Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Goodman Group’s Development Pipeline Swells to Astronomical Proportions. FVE up 5% to AUD 18.

Alexander Prineas Equity Analyst

Analyst Note

| Alexander Prineas |

Narrow-moat Goodman Group’s annual result saw operating earnings per security, or OEPS, growth of 24% to AUD 81.3 cents. Distributions were flat at AUD 30 cents per security, retaining capital for a plethora of developments. Our fair value estimate rises 5% to AUD 18 due to time value of money and the strong pipeline.

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Key Statistics GMG

Company Profile GMG

Business Description

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

1-11 Hayes Road, The Hayesbery
Sydney, NSW, 2018, Australia
T +61 292307400
Industry REIT - Diversified
Most Recent Earnings
Fiscal Year End Jun 30, 2023
Employees 1,240

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