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Goodman Group ( (AU:GMG) ) just unveiled an update.
Goodman Group reported a substantial operating profit of $1,222.4 million for the first half of fiscal year 2025, reflecting an 8% increase from the previous year, and announced a $4.0 billion equity raising initiative to fund data center growth. The initiative enhances financial flexibility and supports the company’s strategy to expand its data center operations, which are crucial for cloud and AI deployments in major global metro markets, positioning Goodman to capitalize on growing demand in this sector.
More about Goodman Group
Goodman Group operates in the logistics and infrastructure industry, focusing on providing essential infrastructure such as logistics facilities and data centers. The company is positioned globally, with significant operations in major cities, and aims to support the digital economy through its services.
YTD Price Performance: 1.30%
Average Trading Volume: 687
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $42.71B
Learn more about GMG stock on TipRanks’ Stock Analysis page.