GMG Price sensitive 19 Feb 2026, 8:23 AM

Half Year Results Presentation

Goodman Group

Goodman Group Reports Strong 1H FY26 Results

Key points

  • Operating profit of $1.2 billion and 9% target FY26 operating EPS growth
  • $14.4 billion work in progress, with 73% in data centres
  • Established $14 billion data centre development partnership in Europe

Full summary

Goodman Group reported strong financial results for the first half of FY26, with an operating profit of $1.2 billion and operating earnings per security (OEPS) of 58.5 cents, up 9% from the prior year. The company's work in progress (WIP) stood at $14.4 billion, with data centres comprising 73% of the total. Goodman's global power bank increased to 6.0 GW, with 3.6 GW of secured power, and the company is on track to have data centre projects providing 0.5 GW in WIP by the end of FY26. The company established several new partnerships during the period, including a $14 billion data centre development partnership in Continental Europe and a $2 billion logistics partnership in North America. Goodman's total portfolio grew to $87.4 billion, with high occupancy of 95.9% and like-for-like net property income growth of 4.2%. The company remains focused on its development-led and value-add strategy, with a strong capital position and liquidity to fund its growth plans.

Guidance

The Group is targeting operating EPS growth for FY26 of 9%.

Outlook

Goodman continues to see strong demand for its metro logistics and data centre solutions, with customer engagement progressing well across multiple sites. The company is well-positioned to deliver scalable, best-in-class solutions for customers while generating strong returns for investors, with a global power bank of 6.0 GW, secured power of 3.6 GW, and a robust development pipeline.

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