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Goodman Group (GMG) investor relations material
Goodman Group Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Global portfolio reached $90.0bn; development WIP was $19.7bn across 51 projects, with data-centre projects progressing on schedule.
Global power bank rose to 6.6 GW, including 3.6 GW secured, supporting development in supply-constrained urban markets.
FY27 operating EPS growth target is 9%; distribution target is 30.0 cents per security.
Financial highlights
Total portfolio was $90.0bn; Partnership AUM was $76.1bn at 30 September 2026.
Annual LFL NPI growth was 4.0%, or 6.2% excluding Greater China; occupancy was 95.5%, or 96.7% excluding Greater China.
Leased 4.1m sqm in the 12 months to 30 September 2026, equivalent to $602m of annual rental income.
Development WIP yield on cost was 8.3%, with annualised production of ~$7.5bn and WIP weighted average lease term of 14.8 years.
Completions were $0.6bn at a 7.2% yield and 97% pre-committed; commencements were $0.4bn at a 9.1% yield and 71% pre-committed.
Outlook and guidance
FY27 operating EPS growth target is 9%, with a 30.0-cent distribution target.
Data-centre projects are scheduled for staged delivery from early 2027 to 2030; projects are on track, with customer negotiations advancing alongside construction.
Growing demand and constrained supply are expected to support rental growth and development opportunities; forecasts assume no material adverse market change or unforeseen events.
- Operating profit up 15.7%, data centres drive 78% of WIP, and 9% EPS growth targeted for FY27.GMG
H2 2026 - $87.1B portfolio, $14.5B WIP, robust data center growth, and 9% EPS target for FY26.GMG
Q3 2026 TU - $1.2B operating profit, 73% of WIP in data centres, targeting 9% FY26 EPS growth.GMG
H1 2026 - Operating profit up 13% and EPS up 9.8%, with strong data centre-led growth and robust outlook.GMG
H2 2025 - Operating profit up 15%, digital infrastructure focus, all resolutions passed, first strike on pay.GMG
AGM 2024 - $12.8bn WIP, 42% in data centres, 4.9% NPI growth, and 9% FY25 EPS forecast.GMG
Q1 2025 TU - Profit up 15% to $2.05B; data centres drive growth and 9% EPS increase outlook.GMG
H2 2024 - $86B portfolio, $13.7B WIP, 96.5% occupancy, and 9% FY25 EPS growth amid strong data center demand.GMG
Q3 2025 TU - $4B equity raise and 8.4% profit growth drive data centre expansion and FY25 outlook.GMG
H1 2025
Next Goodman Group earnings date
Next Goodman Group earnings date
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