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Goodman Group (ASX:GMG) has reaffirmed its full year guidance and says it has more than 70 projects in the pipeline worth $2.2 billion.
The property developer says it’s won $1.5 billion of new development commitments and completed over $1 billion worth of projects in the year to date.
The group says it’s also raised $2.5 billion of new equity so far this year.
CEO Greg Goodman says development demand has been strong, especially in Australia where the company has won a number of large pre-commitments, increasing development work to $970 million.
Mr Goodman says the group’s strategy is to remain prudent yet active, with full year earnings per security of 32.4 cents, slightly higher than initial guidance of 32.3 cents.
Goodman Group booked a net profit of $165.7 million in the first half of the current financial year.
(20min delay)