Citi upbeat on earnings growth outlook for Australia's Goodman Group

Goodman

28/05/2025 04:17

** Analysts at Citi believe Goodman Group GMG.AX is well-positioned to sustain earnings growth with strong demand from disciplined capital rotation and a track record of delivery

** Property developer maintains its FY25 operating EPS growth outlook of 9%

** Goodman is actively managing capital risk by avoiding leverage and aligning with long-term institutional partners - Citi

** Brokerage says co is proactively building into anticipated shortages, targeting delivery in 2026-27

** Co also reaffirmed full year distribution of 30 Australian cents per share

** Shares rose as much as 0.6% in early trade to A$32.885, currently trading 0.2% lower

** Stock down 8.5% YTD, including the day's move

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))