Australia's Goodman set for biggest weekly drop since March on weak outlook

Goodman

07/11/2025 03:44

** Shares of Australia's Goodman Group GMG.AX fall 6.6% to A$30.840 so far this week, set for its biggest weekly drop since the week-ended March 28

** Data centre landlord on Wednesday said it expects FY26 operating EPS to grow by 9% vs 9.8% growth posted in FY25

** It added that its development activity will be weighted to H2 FY26 may result in a similar effect on the timing of the earnings

** Adds industrial project commencements remain subdued as core logistics business continues to face headwinds

** GMG last up 0.5%, paring YTD losses to 13.4%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))