Sydney, June 16, 2026, 06:03 (AEST)
- Goodman Group finished Monday at A$32.06, up A$0.54, or 1.71%, from where it opened. Market cap was about A$65.56 billion. Intelligent Investor
- The S&P/ASX 200 jumped 110 points, or 1.3%, to 8,914. Bigger real estate stocks got a lift from the move. Trading Economics
- Investors are watching the calendar for two key dates: the RBA’s upcoming rate decision and Goodman’s annual and preliminary results, set for August 20. Trading Economics
Goodman Group moved higher on Monday as Australian shares gained, with buyers stepping into large growth stocks tied to infrastructure and AI. Goodman last changed hands at A$32.06, after trading between A$31.50 and A$32.07, according to Intelligent Investor. The company’s market cap is about A$65.56 billion, so even modest shifts can sway the real estate sector and the S&P/ASX 200 index. Intelligent Investor
No new earnings news for Goodman. The rally looked like a market-wide repricing. The ASX 200 surged 1.3% to 8,914 on Monday, Trading Economics data showed. Traders named improved risk sentiment on possible US-Iran peace and bets that the Reserve Bank of Australia would hold rates. That favors Goodman. Property and infrastructure shares usually rise when investors are open to higher earnings multiples and fall when rates or risk premiums go up. Trading Economics
Goodman shares track the company’s story. In its Q3 FY26 update on May 26, Goodman put its total portfolio at A$87.1 billion, with development work in progress at A$14.5 billion, measured at expected completion value. The group also showed a 6.4GW global data centre power bank. CEO Greg Goodman said it’s “the early stages of the most significant technological transition of the 21st century.” Goodman is holding to guidance for at least 9% operating EPS growth for FY26. Operating EPS stands for operating earnings per security, the main profit figure for listed property companies.
Goodman is pushing further into data centres, with data-centre projects now making up 73% of work in progress. WIP is expected to reach about A$18 billion by June 2026. Operating numbers were steady. Portfolio occupancy was 95.7%. The group logged average rent reversion of 11.3%, and annual like-for-like net property income rose 4.1%. Net property income measures rent after costs. Goodman
Bears are looking on as well. Data centres come with heavy capital needs and rely on reliable power and construction schedules. Goodman pointed out risks around procurement, contractors, and geopolitics. Only 37% of its work-in-progress pipeline is pre-committed, with many data-centre projects starting before finding customers. That’s the trade-off for investors: higher potential growth, but more risk on execution. The company also said like-for-like rent reversion in China turned negative last quarter and warned it “may continue” as rents reset. Goodman
Goodman last traded at A$32.06, landing it in the middle: not a bargain, not pricey either. Analyst 12-month targets on Google Finance average A$34.94, suggesting around 9% upside from here. Forecasts range from A$29.15 up to A$40.00. The company reports annual and preliminary numbers on August 20. Next, investors are waiting to see updates on data-centre project deals. Goodman previously said it expects some new agreements to be signed this calendar year. Bulls are looking for more signed contracts to be announced, while bears focus on possible project delays, higher costs, or rate risks. Google
