Goodman Group Q1 FY27 Operational Update
Key points
- Total portfolio increased to $90.0 billion
- Annualised production rate approximately ~$7.5 billion
- Power bank increased to 6.6 GW with 3.6 GW secured
- Annual LFL NPI growth of 4.0%
- Portfolio occupancy of 95.5%
Full summary
Goodman Group's Q1 FY27 operational update highlights a total portfolio value of $90.0 billion, with an annualized production rate of approximately $7.5 billion. The company's power bank has increased to 6.6 GW, with 3.6 GW secured. Annual like-for-like net property income (NPI) growth was 4.0%, and portfolio occupancy stood at 95.5%. The company's data centre program is on track, with significant demand from hyperscale and enterprise customers. Goodman's disciplined capital management and strategic partnerships position it well to capitalize on the growing demand for industrial and data centre properties.
Guidance
FY27 operating EPS growth of 9%, distribution target of 30.0 cents per security
Outlook
Goodman Group expects growing demand and constrained supply to continue supporting rental growth and creating opportunities for asset development and business value growth globally.
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