Sydney, June 17, 2026, 02:03 AEST
- Goodman Group gained A$0.20 to finish at A$32.26 on Tuesday, up 0.62%. The ASX 200 was flat, barely moved by the close. RBA left the cash rate unchanged at 4.35%. Intelligent Investor
- Goodman Group is aiming for a half-year distribution of approximately A$0.15 per security, covering the six months ending June 30. The ex-date is June 29, with payment due August 26. Company Announcements
Goodman Group shares moved up a bit Tuesday after the company put out its June distribution timetable. The stock ticked higher, managing to shift while the rest of the Australian market barely budged. The ASX 200 closed up 0.04% as the Reserve Bank of Australia kept rates steady. Property stocks get pressured by higher rates since debt costs go up and future rental cashflows are worth less, so the RBA’s pause offered a break. Intelligent Investor
Goodman said in its newest ASX update it will pay a A$0.15 distribution per security, fully unfranked and offering no franking credits. On an annualized basis, that’s A$0.30—giving a yield of less than 1% at the current share price. The stock still trades as a growth story, not an income play. Goodman has stuck with this payout in the past. The half-year update kept the 15-cent distribution unchanged, with management saying it backs new investments. Company Announcements
Goodman’s data centre focus has investors tracking the stock. The group’s Q3 FY26 update puts its portfolio at A$87.1 billion, with A$14.5 billion in projects now underway and 6.4 gigawatts of energy supplied globally. Work in progress, or WIP, includes projects not yet finished, measured at end value. As of March 31, data centres were 73% of the WIP total. Goodman targets WIP at about A$18 billion by June 2026. CEO Greg Goodman called the AI shift “the most significant technological transition of the 21st century.” Goodman Global
Goodman draws buyers with its tight supply of urban industrial land, reliable power, and its push into logistics and data centres as AI and cloud stay strong. Still, the risks haven’t gone away. At March 31, just 37% of projects under construction had tenants locked in—data centres often start building before signing customers. Investors are still watching leasing, build costs and financing. Last quarter, Goodman reported negative rent reversions in China, though occupancy stood at 95.7%. Net property income on a like-for-like basis rose 4.1%.
The stock trades at A$32.26. It’s not considered cheap, but analysts see it as reasonable or a bit attractive. According to MarketScreener, 13 analysts have an average rating of “Buy.” The consensus price target is A$34.64, about 8% above the last closing price. The lowest target is A$29.00, so there’s some risk if Goodman stumbles on execution. The near-term focus is the FY26 full-year results scheduled for August 20. Investors will be watching for signs the 9% operating EPS growth is on track and how the data centre pipeline is moving the numbers. Ex-distribution date is June 29, with tax notification due August 24, but both dates are likely to take a back seat to the annual report. MarketScreener
