- Business
- Goodman Group (ASX: GMG) constitutes a globally integrated industrial property group that owns, develops, and manages high-quality sustainable logistics warehouses, distribution centers, data centers, light and multi-storey industrial facilities, and business parks serving e-commerce, logistics, retail, automotive, FMCG, consumer goods, healthcare, life sciences, production, and technology sectors; the group provides property investment, funds management, property development, and in-house property services including operational maintenance and asset management. Goodman operates in key consumer markets across 14 countries including Australia, New Zealand, Asia Pacific, Europe, the United Kingdom, and the Americas, with headquarters in Rosebery, Sydney, Australia, where it was founded in 1989. The stapled entity comprises Goodman Limited, Goodman Industrial Trust, and Goodman Logistics (HK) Limited, positioning it as the largest industrial property group by market capitalization on the Australian Securities Exchange and a leading listed specialist investment manager globally. In recent developments, Goodman raised A$4 billion through an institutional placement in early 2025 to fund its expanding data center and industrial development pipeline; formed a new North American joint venture with Norges Bank Investment Management acquiring a 45% stake in a US$1.07 billion logistics portfolio of 48 buildings across Southern California, New Jersey, and Pennsylvania in January 2025 after CPP Investments divested; launched a US$1.3 billion US industrial partnership with Aware Super seeded by three Los Angeles properties leased to Amazon, Maersk, and Relativity Space in 2025; topped out the LAX01 Vernon data center in Southern California providing up to 49.5 MW of power; acquired a prime Silicon Valley site for data center redevelopment; reported FY25 operating profit up 13% to $2.31 billion with OEPS growth of 9.8% to 118 cents and total portfolio value rising 9% to $85.6 billion as of June 30, 2025; and advanced a $12.4 billion work-in-progress pipeline including new data center partnerships in Europe and Australia while targeting 9% OEPS growth for FY26.