Sydney, June 9, 2026, 20:05 (AEST)
- Goodman finished 0.32% higher at A$31.20. The S&P/ASX 200 slipped 0.24%.
- Director Danny Peeters sold 600,000 stapled securities on-market, according to TipRanks.
- Investors are watching Goodman’s data-centre pipeline and its FY26 earnings goal.
Goodman Group ticked up Tuesday, beating a softer Australian market. Investors weighed a new director sale while the industrial landlord kept up its move into AI-focused data centres.
The stock finished 0.32% higher at A$31.20. Shares changed hands between A$30.93 and A$31.66. Volume reached 3.82 million. The S&P/ASX 200 gave up 20.90 points, or 0.24%, to close at 8,604.20.
Goodman is getting a new look from the market, now priced as more than just a warehouse owner. Investors are seeing it as a partial picks-and-shovels bet on artificial intelligence — the land, power, and real estate needed to operate big data centres.
ASX’s cash market reopened after the long holiday weekend, as trading was shut Monday for the King’s Birthday. There was no settlement and Monday wasn’t counted as a business day.
Goodman director Danny Peeters sold 600,000 stapled securities via DPCON BVBA on the market from June 4 to June 5, TipRanks said. The deal was worth about A$18.86 million. After the sale, Peeters’ indirect holding dropped to 1,905,291 stapled securities, with his 2,085,538 performance rights staying the same. Stapled securities are linked and trade as one unit.
Goodman’s stock is still moving mostly on its latest operational update. Development work in progress was A$14.5 billion as of March 31. That figure could climb to around A$18 billion by June. Data centres accounted for 73% of the WIP.
Goodman said its global “power bank,” or total grid capacity linked to existing and planned data centre sites, reached 6.4GW, with 3.6GW of that already secured. Customer commitments are moving forward in tight metro markets, the company said.
The group said it’s still on track to reach 0.5GW of powered shells and fully fitted data-centre projects in WIP by June. It put total data-centre WIP at more than A$14 billion. Commercial terms with customers are “well advanced” for several global projects, the group said.
Chief Executive Greg Goodman said supply is tight, pointing to limits from “grid capacity, water availability, site complexity and capital intensity.” The company left its FY26 target unchanged, sticking with 9% operating EPS growth, which is its per-security profit measure on underlying operations.
Peers moved in both directions. NEXTDC was down on Google Finance, while Charter Hall and Dexus managed gains. Goodman edged up, putting it between its real estate peers and digital infrastructure names.
The risk for Goodman is clear. Customer contracts might take more time to secure, power and water could get harder to source, and costs for building or funding could rise. Goodman pointed out negative rent reversion in China, though occupancy stayed solid at 95.7% and overall expected rent reversion was still positive.
Tuesday’s moves suggest investors are still watching the data-centre trade. But the next big test is more concrete: actual customer signings, updates on capital partners, and evidence that June pipeline goals are on track.
