GMG 5.10% $34.58 goodman group

News: GMG Goodman Group Posts FY Revenue And Other Income A$5,156.4 Million

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    Aug 16 (Reuters) - Goodman Group (GMG) :

    • FY REVENUE AND OTHER INCOME A$5,156.4 MILLION VERSUS A$3,803.0 MILLION
    • FY OPERATING PROFIT UP 25.3% TO A$1,528.0 MILLION
    • EXPECTS TO ACHIEVE OPERATING EPS GROWTH OF 11% IN FY23
    • FINAL DIVIDEND AND DISTRIBUTION PROPOSED 15.00 AU CPS
    • OUTLOOK FOR PROPERTY INVESTMENT AND MANAGEMENT EARNINGS REMAINS STRONG
    • BOARD BELIEVES GROUP IS POSITIONED TO CONTINUE TO DELIVER GROWTH DESPITE RISKS ASSOCIATED WITH CURRENT MARKET VOLATILITY
    • DEVELOPMENT COMPLETIONS AND MARKET RENTAL GROWTH ARE ALSO EXPECTED TO SUPPORT GROWTH IN AUM
    • PRODUCTION RATE, DEPTH OF CUSTOMER DEMAND AND STRONG MARGINS ARE SUPPORTING OUTLOOK FOR DEVELOPMENT EARNINGS INTO FY23
    • IN NEAR TERM, MARKET CONDITIONS ARE LIKELY TO BE VOLATILE AND RISKS ASSOCIATED WITH RISING INFLATION, INTEREST RATES
    • DEMAND IS CURRENTLY EXCEEDING SUPPLY IN OUR MARKETS
    • DISTRIBUTION IS FORECAST TO REMAIN AT 30.0 AU CENTS PER SECURITY FOR FY23
 
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