Sydney, May 20, 2026, 07:08 (AEST)
- Goodman Group ended Tuesday up 1.76% at A$30.65. The ASX 200 benchmark gained 1.2%.
- The next thing for Goodman is the Q3 FY26 operational update on May 26. Investors are watching for anything on data-centre demand and funding.
- Charter Hall and Dexus also pushed higher, with other property stocks up too. The move points to a rebound across real estate.
Goodman Group shares climbed Tuesday, tracking gains across Australia’s wider market. Investors moved back into real estate stocks ahead of a trading update that will return focus to the company’s data centre pipeline.
Goodman traded at A$30.65 ahead of the ASX open Wednesday, up 53 cents or 1.76%. The stock had dipped earlier to A$30.44. Charter Hall added 2.21% and Dexus Property was up 1.84%, so the move looked sector-wide, not just Goodman. Trading Economics
Timing is in focus. Goodman has its Q3 FY26 operational update set for May 26, according to the company’s investor calendar, and investors are waiting to see if there’s progress turning scarce powered land into real, leased and funded data centre projects. Goodman
S&P/ASX 200 climbs 1.2% as stocks recover Tuesday; consumer and health-care lead
The S&P/ASX 200 closed up 1.2% on Tuesday, with 150 out of 200 stocks rising after Monday’s drop. Gains spread across most sectors. Consumer names and health-care shares did best. ABC News
Australian shares bounced back, helped by “easing geopolitical risks and softer yields,” IG market analyst Tony Sycamore said. Banks and real estate stocks got a lift. Sycamore said the ASX 200 had recovered “a good portion” of the losses from Monday. Still, he said, “Frankly, we remain unconvinced” about a quick Middle East peace deal. IG
Goodman’s shares are moving less on warehouse activity now and more on stronger AI and cloud computing demand. The main story is data centres—these sites store computer servers and have driven most of the recent growth. Sites close to cities, where power is tight, are getting harder to find, which is key for the company now.
Goodman reported operating profit of A$1.2035 billion in its February half-year update, with operating earnings per security at 58.5 cents. Operating earnings per security, or OEPS, is recurring profit divided by listed securities, excluding some non-cash and valuation items. The company said data centres accounted for 73% of its A$14.4 billion work in progress, or WIP, which measures active developments by expected end value. ASX Announcements
Group Chief Executive Greg Goodman said the company is “building into strong demand for metro locations across both logistics and data centres.” Goodman added, “power, sites and capital” are key to meeting demand and giving customers delivery certainty.
The company is aiming for 9.0% OEPS growth in FY26 and expects to have data centre projects totaling 0.5 gigawatts in development by the end of June. Management has also guided for WIP to hit about A$18 billion as of June 30.
The May 26 update is key, not just another routine quarterly note. Investors want to see details on tenant deals, capital partner funding, and how power procurement is moving along. Goodman said its global power bank increased to 6.0 gigawatts in 16 major cities.
But if bond yields climb again or if new geopolitical risks stoke inflation worries, the rebound may stall. Sycamore said the ASX 200 has to get back above its 200-day moving average around 8,800 to clear some of the downward pressure. Goodman is still sticking to his forecasts, as long as market conditions don’t change for the worse. IG
ASX cash market trades from 09:59:45 until 16:00 Sydney time, with closing-price auctions after that. Asx
