ASX#10 Goodman Group

1.  Market Cap of ~AUD 60 billion. (By some counts, 10th largest market cap on ASX. Largest property group on ASX)
2. 439 properties across the world. Portfolio of $85.6 billion (June 25. A year ago $78.6 billion). Logistics and Data centers. Global Industrial Property abd Digital Infrastructure.
3. 1000 people across 27 offices. (Compared to other large companies on ASX, some of the lowest number of people. Asset and Capital business. - On the spectrum of returns on capital, labour, towards capital)
4. Operating Income of 2.3 billion (which is revenue) for FY25
1. Gross Property Incoem 211.6 million (higher than PY)
2. Management Income 603 million (lower than)
3. Development Income 1.5 billion (higher)
5. PAT of 1.66 billion. P/E close to 35 times
6. 5 GW data bank. (Global capacity is 80-120 GW, implying 4-6% market sharE)
7. 
   

About the business - Goodman is developing essential infrastructure the world relies on – from e-commerce and logistics networks to cloud computing, artificial intelligence (AI) and digital connectivity. Its customers include sophisticated logistics operators seeking automation and productivity, and hyperscalers and colocators requiring access to power and fibre in strategic locations to deliver data centres at speed.

As at 30 June 2025, we have 439 properties located in key consumer markets in 13 countries across Asia Pacific, Continental Europe, the United Kingdom and the Americas, while our 5.0 GW power bank is across 13 major global cities within these countries. Our property portfolio consists mainly of single and multi-level industrial properties and data centres. They may be single buildings or a collection of buildings on one site leased to one or more customers for various purposes. 

 we are the largest property group on the ASX, and an ASX top 20 entity by market capitalisation, and one of the largest listed specialist investment managers of industrial property globally

The logistics business continues to represent the majority of Goodman’s $85.6 billion portfolio

Key operational highlights include:

• + Total portfolio of $85.6 billion, up 8.8%
• + High portfolio occupancy of 96.5%
• + Development work in progress (WIP) of $12.9 billion of which 57% is data centres
• + Development completions of $5.1 billion
• + Data centre power bank of 5.0 GW across 13 major global cities