• $12.4 billion of development work in progress, with 68% in data centres
• 4.2% like-for-like annual net property income growth
• 96.1% occupancy across the Partnerships
• $85.9 billion total property portfolio

Goodman Group has provided a Q1 FY26 operational update, showcasing its continued execution of its strategy. The company is progressing a range of logistics and data centre opportunities, positioning itself well to support customer demand for essential infrastructure. Goodman's development work in progress stands at $12.4 billion as of 30 September 2025, with data centres representing 68% of this. The company is focused on speed to market, commencing construction, and activating sites to provide certainty of delivery. Goodman's property investment portfolio remains stable, with 4.2% like-for-like annual net property income growth and 96.1% occupancy across the Partnerships. The total property portfolio has grown to $85.9 billion. Looking ahead, Goodman expects current enquiry and customer activity to translate into increased opportunities in industrial development in FY27, with hyperscale capex programs growing strongly. The company is targeting 9% growth in Operating EPS for FY26, with development activity expected to be weighted towards the second half of the year.

Reaffirm FY26 forecast Operating EPS growth of 9%.

Goodman expects current enquiry and customer activity to translate into increased opportunities in industrial development in FY27. Hyperscale capex programs are growing strongly, and Goodman's metropolitan locations are central to serving cloud and related AI requirements. Development activities are forecast to increase significantly through to June 2026, with the company commencing construction to build into demand and gain delivery timing advantages in supply-constrained markets.