Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Search
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)
Hang Seng
17,571.12
(-0.37%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,628.71
(0.08%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,402.80
(0.34%)
Lithium
41.42
(1.37%)
Iron Ore
102.6
(-0.85%)

Goodman Group (ASX: $GMG) upgrades FY24 operating EPS growth guidance to 11% on strong result

Goodman Group's FY24 Operating EPS Growth Upgrade


Goodman Group (ASX: $GMG) has released its half-year results for the period ending 31 December 2023, reporting a 29% increase in operating profit to $1,127.4 million and a 28% rise in operating earnings per security (OEPS) to 59.2 cents. The Group anticipates an 11% growth in full-year OEPS, up from the previous guidance of 9%, driven by the strong performance in the first half and the strategic positioning to benefit from the growth in essential infrastructure required for the digital economy.

Executive Commentary on FY24 Performance and Outlook


Goodman Group's Chief Executive Officer, Greg Goodman, highlighted the strong operational result in the first half of FY24, attributing it to the expansion of the digital economy and the increased demand for essential infrastructure. He emphasized the Group's ability to provide strategically located logistics properties to support the growth of artificial intelligence and increased computing requirements. Goodman also noted the 29% increase in operating profit, driven by strong performance across all aspects of the business, including development earnings and property investment earnings. He further mentioned the Group's focus on delivering attractive earnings growth underpinned by a sustainable and long-term business and capital management strategy.

Summary of FY24 Results and Outlook


Goodman Group's half-year results reflect a robust performance, with a 29% increase in operating profit and a 28% rise in OEPS. The Group's strategic positioning to benefit from the digital economy's growth, particularly in data centre projects, has led to an upgrade in the FY24 operating EPS growth guidance to 11%. The Group's strong focus on sustainability and long-term business strategy, along with its well-capitalized and lowly levered platform, positions it well to capture the demand for high-quality industrial and digital infrastructure assets. Looking ahead, Goodman Group anticipates continued customer and investor demand for its properties, driven by positive structural trends and supply constraints in its key markets. The Group remains focused on optimizing its capital allocation to fund sustained earnings growth over the long term.

Share to Social
0 Comments
Inline Feedbacks
View all comments

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions