Goodman Group reaffirms FY26 earnings growth target on strong data centre demand
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The news: Goodman Group has reaffirmed its full-year operating earnings growth target, saying it is planning "significant" data centre commencements through the remainder of FY26.
The numbers: Goodman Group said it is on track to reach its earnings-per-share growth target of 9%.
The company reported $12.4 billion of work in progress, with that figure expected to increase to $17.5 billion by 30 June 2026.
The context: CEO Greg Goodman said its logistics customers are focused on significant capital investment in AI and robotic technology to drive automation and productivity gains.
He said the trend is "likely to continue", particularly among large customers, with expected consolidation across the sector into larger, more advanced facilities in prime locations.
"Combined with minimal vacancy and limited new supply in our markets, this should support future growth and activity," Goodman said.
The source: ASX
