Announcement • Mar 13
Barings and Goodman Group Reportedly in Talks for Moorabbin Airport Deal The Australian arm of international funds manager Barings and a consortium of four major investment funds are in talks to buy Melbourne's Moorabbin Airport (Moorabbin Airport Corporation Pty Ltd.) from industrial property company Goodman Group (ASX:GMG) and its funds for more than $1,500 million. The transaction has been quietly negotiated by Barings and Goodman with the superannuation funds, including Aware Super and Rest Super, alongside two undisclosed funds, brought in amid strong demand for airports among institutional investors. The deal, which is pending approvals, would also be a coup for Barings, which has been stepping up its presence in Australian property and has about $9,000 million worth of local assets, including experience in airports. Barings, which sports a near $700,000 million global investment network, is looking to pick up the airport at a time when Goodman is selling assets. It is selling partly in order to fund the rollout of its new data centres around the world, although the bulk of the Moorabbin precinct is held in its flagship unlisted fund. The parties declined to comment with the transaction expected to require multiple approvals. Announcement • Dec 14
Goodman Group Announces Ordinary Distribution for the Six Months Ended December 31, 2025, Payable on February 25, 2026 Goodman Group announced ordinary distribution of AUD 0.15000000 for the six months ended December 31, 2025. Dividend payable on February 25, 2026, with record date of December 31, 2025 and ex-date of December 30, 2025. Announcement • Sep 11
Goodman Group, Annual General Meeting, Nov 11, 2025 Goodman Group, Annual General Meeting, Nov 11, 2025. Location: at the intercontinental sydney, 16 phillip st, nsw, sydney Australia Announcement • Aug 28
GIC Reportedly in Talks to Invest in Goodman’s Data Centres Singapore's GIC (GIC Private Limited) is considering a proposal to invest in data centre assets owned by Australian property firm Goodman Group (ASX:GMG), the Australian Financial Review reported. Dealmakers at GIC have discussed options in recent weeks with Goodman's internal team over a potential investment in part of its data centre portfolio. The talks are at an early stage and no agreement has been reached, said the report. A spokesperson for GIC declined to comment, the AFR said, while a Goodman representative did not reply to its requests for comment. Announcement • Jun 26
Goodman Group Announces Estimated Unfranked Ordinary Dividend for the Six Months Ending June 30, 2025, Payable on August 26, 2025 Goodman Group announced estimated unfranked ordinary dividend of AUD 0.15 for the six months ending June 30, 2025. Record Date: June 30, 2025; Ex Date: June 27, 2025 and Payment Date: August 26, 2025. Announcement • Feb 21
Goodman Group has completed a Follow-on Equity Offering in the amount of AUD 4 billion. Goodman Group has completed a Follow-on Equity Offering in the amount of AUD 4 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 119,402,986
Price\Range: AUD 33.5
Discount Per Security: AUD 0.5025
Transaction Features: Subsequent Direct Listing Announcement • Feb 20
Goodman Group has filed a Follow-on Equity Offering in the amount of AUD 4 billion. Goodman Group has filed a Follow-on Equity Offering in the amount of AUD 4 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 119,402,986
Price\Range: AUD 33.5
Discount Per Security: AUD 0.5025
Transaction Features: Subsequent Direct Listing Announcement • Feb 19
Goodman Group has filed a Follow-on Equity Offering in the amount of AUD 399.999983 million. Goodman Group has filed a Follow-on Equity Offering in the amount of AUD 399.999983 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,940,298
Price\Range: AUD 33.5
Transaction Features: Regulation S Recent Insider Transactions • Oct 06
Deputy Group CEO recently sold €2.8m worth of stock On the 1st of October, Anthony Rozic sold around 394k shares on-market at roughly €7.07 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €33m. Insiders have been net sellers, collectively disposing of €65m more than they bought in the last 12 months. Recent Insider Transactions • Sep 23
Group CEO & Director recently sold €33m worth of stock On the 20th of September, Gregory Goodman sold around 2m shares on-market at roughly €21.95 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by €54m. Announcement • Sep 02
Chinese Test Investor Reportedly Appetite for Their $5 Billion Goodman Stake Goodman Group (ASX:GMG) is back in the spotlight, with suggestions state-owned investor China Investment Corporation could be testing the market to sell down its $5 billion-plus interest in the $62 billion Australian industrial property powerhouse. CIC owns about 8.9% of Goodman shares and also co-invests in its industrial property funds which own sheds, warehouses, data centres and distribution centres around the world. It is understood institutional investors have received approaches from brokers, testing their interest in acquiring CIC shares in Goodman and fuelling suggestions they could soon be on the block. It comes at a time when China's economy is slowing and it faces high tariffs in the US if Donald Trump is elected president in November. The Wall Street Journal recently reported that low consumption has become a headwind to China's growth because property investment, once a major component of demand, has collapsed. Goodman has historically been close to investment bank Macquarie Capital, but the last time CIC embarked on a block trade out of Goodman it called on the services of Goldman Sachs. At the time, CIC's policy was to obtain bids from three separate brokers over the price. Other global banks with strong relationships in Asia could be in the frame, including Morgan Stanley, JPMorgan and Citi. Buy Or Sell Opportunity • Aug 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.7% to €19.10. The fair value is estimated to be €24.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 15
Full year 2024 earnings released: AU$0.052 loss per share (vs AU$0.83 profit in FY 2023) Full year 2024 results: AU$0.052 loss per share (down from AU$0.83 profit in FY 2023). Revenue: AU$1.98b (down 34% from FY 2023). Net loss: AU$98.9m (down 106% from profit in FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock has risen 3.4% to €20.30. The fair value is estimated to be €25.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 22%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Declared Dividend • Jun 21
First half dividend of AU$0.15 announced Shareholders will receive a dividend of AU$0.15. Ex-date: 27th June 2024 Payment date: 26th August 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.8%. Recent Insider Transactions • May 21
Group CEO & Director recently sold €20m worth of stock On the 15th of May, Gregory Goodman sold around 1m shares on-market at roughly €20.50 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by €32m. Buy Or Sell Opportunity • Apr 03
Now 21% undervalued Over the last 90 days, the stock has risen 33% to €19.20. The fair value is estimated to be €24.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 22%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Reported Earnings • Feb 16
First half 2024 earnings released: AU$0.12 loss per share (vs AU$0.58 profit in 1H 2023) First half 2024 results: AU$0.12 loss per share (down from AU$0.58 profit in 1H 2023). Revenue: AU$236.7m (down 87% from 1H 2023). Net loss: AU$220.1m (down 120% from profit in 1H 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of AU$0.15 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 23 February 2024. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.8%). Announcement • Dec 14
Goodman Group Announces Distribution for the Six Month Period Ended December 31, 2023, Payable on February 23, 2024 Goodman Group announced the distribution of AUD 0.15000000 per unit for the six months period ending December 31, 2023, payable on February 23, 2024. Record date is on December 29, 2023 with Ex date is on December 28, 2023. Recent Insider Transactions • Nov 23
Deputy Group CEO recently sold €1.9m worth of stock On the 16th of November, Anthony Rozic sold around 139k shares on-market at roughly €14.02 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €12m. Insiders have been net sellers, collectively disposing of €54m more than they bought in the last 12 months. Recent Insider Transactions • Sep 19
Group CEO & Director recently sold €12m worth of stock On the 15th of September, Gregory Goodman sold around 839k shares on-market at roughly €13.80 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by €44m. Recent Insider Transactions • Aug 25
Deputy Group CEO recently sold €7.2m worth of stock On the 24th of August, Anthony Rozic sold around 533k shares on-market at roughly €13.46 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €40m more than they bought in the last 12 months. New Risk • Aug 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 79% Last year net profit margin: 163% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 17
Full year 2023 earnings released: EPS: AU$0.83 (vs AU$1.83 in FY 2022) Full year 2023 results: EPS: AU$0.83 (down from AU$1.83 in FY 2022). Revenue: AU$1.97b (down 59% from FY 2022). Net income: AU$1.56b (down 54% from FY 2022). Profit margin: 79% (up from 71% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Goodman Group to Report Fiscal Year 2023 Final Results on Sep 28, 2023 Goodman Group announced that they will report fiscal year 2023 final results on Sep 28, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of AU$0.15 per share at 1.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 25 August 2023. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.3%). Announcement • Jun 16
Goodman Group Announces Fully Paid Ordinary/Units Stapled Securities Dividend for the Six Months Ended June 30, 2023, Payment Date of August 29, 2023 Goodman Group announced Fully Paid Ordinary/Units Stapled Securities dividend of AUD 0.15000000 for the six months ended June 30, 2023. record date of June 30, 2023, Ex date of June 29, 2023 and payment date of August 29, 2023. Recent Insider Transactions • May 28
Board Member recently sold €12m worth of stock On the 25th of May, Daniel Cornelius Peeters sold around 1m shares on-market at roughly €12.25 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €45m more than they bought in the last 12 months. Recent Insider Transactions • May 17
Insider recently sold €248k worth of stock On the 15th of May, Andrew Eakin sold around 20k shares on-market at roughly €12.39 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €16m. Insiders have been net sellers, collectively disposing of €33m more than they bought in the last 12 months. Announcement • May 13
Goodman Group Provides Earnings Guidance for the Year 2023 Goodman Group provided earnings guidance for the year 2023. The company is positioned well for fiscal 2023, delivering a strong operational performance at the third quarter. As a result, guidance for fiscal 2023 Operating Earnings Per Security growth has increased to 15%. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director George Zoghbi was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.5%. The fair value is estimated to be €14.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 4.5% per annum over the same time period. Buying Opportunity • Apr 05
Now 21% undervalued Over the last 90 days, the stock is up 4.0%. The fair value is estimated to be €14.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 5.0% per annum over the same time period. Recent Insider Transactions • Mar 18
Independent Non-Executive Director recently bought €64k worth of stock On the 15th of March, Hilary Spann bought around 5k shares on-market at roughly €12.10 per share. This transaction amounted to 66% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €33m more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 01
Group CEO & Director recently sold €16m worth of stock On the 24th of February, Gregory Goodman sold around 1m shares on-market at roughly €12.69 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Reported Earnings • Feb 17
First half 2023 earnings released: EPS: AU$0.58 (vs AU$1.08 in 1H 2022) First half 2023 results: EPS: AU$0.58 (down from AU$1.08 in 1H 2022). Revenue: AU$1.02b (down 64% from 1H 2022). Net income: AU$1.10b (down 45% from 1H 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of AU$0.15 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 24 February 2023. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Recent Insider Transactions • Sep 29
Independent Non-Executive Director recently bought €53k worth of stock On the 23rd of September, Hilary Spann bought around 4k shares on-market at roughly €11.75 per share. This transaction increased Hilary's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €16m more in shares than they bought in the last 12 months. Recent Insider Transactions • Sep 15
Insider recently sold €219k worth of stock On the 12th of September, James Spence sold around 17k shares on-market at roughly €13.09 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €39m more than they bought in the last 12 months. Reported Earnings • Aug 17
Full year 2022 earnings released Full year 2022 results: Net income: AU$3.41b (up 48% from FY 2021). Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Mark Johnson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 21
Independent Director recently bought €63k worth of stock On the 18th of May, Mark Johnson bought around 5k shares on-market at roughly €12.52 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €43m more in shares than they bought in the last 12 months. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Mark Johnson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 18
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$1.08 (up from AU$0.57 in 1H 2021). Revenue: AU$2.83b (up 51% from 1H 2021). Net income: AU$2.00b (up 92% from 1H 2021). Profit margin: 71% (up from 56% in 1H 2021). Revenue exceeded analyst estimates by 21%. Over the next year, revenue is forecast to decline by -54% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year. Upcoming Dividend • Dec 23
Upcoming dividend of AU$0.15 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 24 February 2022. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Dec 21
Deputy Group CEO recently sold €4.2m worth of stock On the 14th of December, Anthony Rozic sold around 258k shares on-market at roughly €16.40 per share. In the last 3 months, they made an even bigger sale worth €5.8m. Insiders have been net sellers, collectively disposing of €43m more than they bought in the last 12 months. Recent Insider Transactions • Nov 10
Deputy Group CEO recently sold €5.8m worth of stock On the 5th of November, Anthony Rozic sold around 375k shares on-market at roughly €15.34 per share. In the last 3 months, there was an even bigger sale from another insider worth €21m. Insiders have been net sellers, collectively disposing of €32m more than they bought in the last 12 months. Recent Insider Transactions • Sep 22
Group CEO & Director recently sold €2.6m worth of stock On the 16th of September, Gregory Goodman sold around 1m shares on-market at roughly €1.78 per share. This was the largest sale by an insider in the last 3 months. Gregory has been a seller over the last 12 months, reducing personal holdings by €21m. Recent Insider Transactions • Sep 11
Deputy Group CEO recently bought €3.8m worth of stock On the 6th of September, Anthony Rozic bought around 258k shares on-market at roughly €14.56 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €22m more in shares than they bought in the last 12 months. Reported Earnings • Aug 13
Full year 2021 earnings released: EPS AU$1.25 (vs AU$0.82 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$3.70b (up 46% from FY 2020). Net income: AU$2.31b (up 54% from FY 2020). Profit margin: 63% (up from 59% in FY 2020). The increase in margin was driven by higher revenue. Net asset value (NAV) per share: €4.45 (up 13% from FY 2020). The current share price is 217% higher than NAV per share. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of AU$0.15 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 26 August 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.4%). Recent Insider Transactions • May 28
Group CEO & Director recently sold €7.3m worth of stock On the 24th of May, Gregory Goodman sold around 600k shares on-market at roughly €12.12 per share. This was the largest sale by an insider in the last 3 months. Gregory has been a seller over the last 12 months, reducing personal holdings by €19m. Is New 90 Day High Low • Feb 25
New 90-day low: €10.65 The company is down 4.0% from its price of €11.13 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.26 per share. Recent Insider Transactions • Nov 13
Deputy Group CEO recently sold €1.4m worth of stock On the 5th of November, Anthony Rozic sold around 116k shares on-market at roughly €12.04 per share. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €53m more than they bought in the last 12 months. Is New 90 Day High Low • Nov 03
New 90-day high: €11.55 The company is up 11% from its price of €10.37 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.29 per share. Recent Insider Transactions • Oct 27
Independent Director recently bought €55k worth of stock On the 22nd of October, Stephen Johns bought around 5k shares on-market at roughly €11.07 per share. In the last 3 months, they made an even bigger purchase worth €113k. Despite this recent purchase, insiders have collectively sold €51m more in shares than they bought in the last 12 months. Recent Insider Transactions • Oct 14
Group CEO & Director recently sold €11m worth of stock On the 8th of October, Gregory Goodman sold around 1m shares on-market at roughly €11.29 per share. In the last 3 months, there was an even bigger sale from another insider worth €11m. Gregory has been a seller over the last 12 months, reducing personal holdings by €29m. Recent Insider Transactions • Oct 06
Insider recently bought €55k worth of stock On the 1st of October, Peter Simmonds bought around 5k shares on-market at roughly €11.02 per share. In the last 3 months, they made an even bigger purchase worth €83k. Despite this recent purchase, insiders have collectively sold €40m more in shares than they bought in the last 12 months. Announcement • Oct 01
Goodman Group to Report Q1, 2021 Results on Nov 05, 2020 Goodman Group announced that they will report Q1, 2021 results at 10:25 PM, GMT Standard Time on Nov 05, 2020 Recent Insider Transactions • Sep 24
Deputy Group CEO recently sold €5.7m worth of stock On the 17th of September, Anthony Rozic sold around 500k shares on-market at roughly €11.43 per share. In the last 3 months, there was an even bigger sale from another insider worth €11m. Insiders have been net sellers, collectively disposing of €40m more than they bought in the last 12 months. Is New 90 Day High Low • Sep 19
New 90-day high: €11.48 The company is up 26% from its price of €9.14 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.60 per share.