15% increase in FY24 operating profit to $2.049bn for Goodman Group, driven by rising data center demand.
Goodman Group, an industrial property and data center company, reported a 15% increase in FY24 operating profit to $2.049bn, with operating EPS of 107.5c. The group forecasts a 9% increase to 117.2c in FY25 EPS, driven by rising data center demand. Despite Goodman's total portfolio value falling 3% to $78.7bn, its data center segment contributes 40% to its $13bn global project pipeline and maintains a 30c per security annual distribution.
August 14, 2024
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