SYDNEY, June 25, 2026, 04:07 (AEST)
- Goodman finished the session at A$31.83, up 0.9%. The ASX 200 added 0.24%.
- Headline inflation in Australia slipped to 4.0% for May, while the trimmed mean pushed up to 3.6%.
- Goodman says it wants over A$14 billion worth of data centre projects in progress by June.
Goodman Group ended Wednesday up 0.9% at A$31.83. That outpaced the S&P/ASX 200’s 0.24% lift. NEXTDC, which runs data centres, added 2.6%.
Australian CPI for May showed headline consumer prices up 4.0% on the year, easing from 4.2% in April. The trimmed mean moved higher, up to 3.6% from 3.4%. That gauge excludes the biggest price jumps or drops and is watched for underlying trends.
The Reserve Bank of Australia lifted rates three times this year. “We still have work to do to reduce inflation here in Australia, which remains far too high,” Deputy Governor Andrew Hauser said. Reuters
Goodman reported in its May 26 operating update that work in progress stood at A$14.5 billion as of March 31. WIP represents the estimated end value for its current projects. Goodman’s total property portfolio was at A$87.1 billion.
The group is targeting 0.5 gigawatts of data-centre capacity under work-in-progress by June, and it sees WIP in data centres topping A$14 billion. Commercial talks are in advanced stages on multiple international projects, the group said. It expects to lock in customer contracts through the rest of 2026.
Goodman’s Australian industrial partnership reached a deal last week to acquire Brickworks’ stakes in a number of joint ventures. Soul Patts expects the disposal to bring in A$1.89 billion in net proceeds after paying off debt and covering transaction costs.
But there’s execution risk in the build-out. Just 37% of WIP was pre-committed as of March 31. Goodman pointed to geopolitical issues that might hit construction costs and delivery. “Supply remains constrained by grid capacity, water availability, site complexity and capital intensity,” CEO Greg Goodman said.
The group stuck with its fiscal 2026 goal for operating earnings per security to grow at least 9%, based on its usual profit metric. It said it’s on pace to hit that target.
The A$0.15 distribution per stapled security is set to go ex-distribution on June 29. Record date is June 30, and payment is due August 26.
