GMG 5.10% $34.58 goodman group

News: GMG Goodman Group expects to generate $828 mln of operating profit in FY18

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    Aug 21 (Reuters) - Goodman Group Pty Ltd (GMG)

    • Group is forecast to generate $828 million of operating profit in FY18
    • Total assets under management (AUM) of $34.6 billion with external AUM of $30.5 billion, up 4% on FY16 despite asset sales
    • $1.2 billion of urban renewal sales settled during FY17 ahead of expectations, with $2.1 billion sales completed under program
    • FY total distribution of 25.9 cents per stapled security, up 8% on FY16
 
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