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Goodman Group ( (AU:GMG) ) has issued an announcement.
Goodman Group reported a strong financial performance for FY25, with a 13% increase in operating profit to $2,311.2 million and a 9.8% rise in operating earnings per security. The Group has strategically expanded its data center portfolio, which now constitutes 57% of its development work in progress, and is poised for further growth with new partnerships in Europe and Australia. This expansion is supported by a robust financial position, including low leverage and significant liquidity, positioning Goodman well for long-term growth.
The most recent analyst rating on (AU:GMG) stock is a Buy with a A$40.00 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.
More about Goodman Group
Goodman Group is a prominent player in the real estate industry, focusing on logistics and industrial property development. The company is heavily invested in data centers, with a significant portion of its development work in progress dedicated to this sector. Its market focus includes metropolitan locations with high barriers to entry, catering to hyperscaler and colocator customers.
Average Trading Volume: 3,098,923
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$72.8B
Learn more about GMG stock on TipRanks’ Stock Analysis page.