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Stock of the day

Goodman Group

Goodman Group reaffirmed its 9% growth target for FY2026 and reported $12 billion in projects, but shares lag as investors await new catalysts.

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This video was created on 5 November 2025 for IG audiences by ausbiz.

ASX code: GMG

Goodman Group reaffirms growth outlook but momentum stalls

Goodman Group reaffirmed its operating earnings per share (EPS) growth target of 9% for financial year (FY) 2026 in its September quarter update. It reported more than $12 billion in work in progress, mostly in data centres, and maintained 96% occupancy across partnerships.

Market reaction: priced for perfection

Analysts note that Goodman has long been considered a market darling, benefiting from strong fundamentals and exposure to high-growth sectors. However, expectations were elevated going into this update. While the reaffirmed guidance is solid, the absence of an upgrade has left some investors underwhelmed.

Investment outlook

Fundamentally, Goodman is strong with quality assets and data centre exposure. Yet, at current levels, it looks fully valued. Technically, the stock broke below its trading range, signalling downside risk. 

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