Goodman Group produced a strong first quarter for FY2020.

  • Nov 12, 2019 AEDT
  • Team Kalkine

Integrated property group, Goodman Group (ASX: GMG) has released its Q1 FY20 (quarter ended 30 September 2019) update today.

Key highlights for the quarter include:

  • $48.2 billion total assets under management
  • 3% Partnership like for like NPI growth
  • 98% occupancy across the Group and Partnerships
  • $0.9 billion of development commencements with 77% undertaken in Partnerships

The company reaffirmed its forecast FY20 operating earnings per security of 56.3 cents, up 9% on FY19.


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