Goodman Group reported a 15.7% year-over-year increase in operating profit to AUD 2.675 billion for the fiscal year ended June 30, 2026, driven by robust demand for data centre infrastructure across its global portfolio. The industrial real estate investment trust posted statutory profit of AUD 2.778 billion, up 67% from the prior year, boosted by AUD 3.1 billion in property revaluations.
Operating earnings per security rose 10.1% to 129.9 cents, while the company maintained a conservative financial position with gearing at 6.5% on a headline basis and 19.5% on a look-through basis. Total portfolio value increased 4% to AUD 89 billion across 446 properties in 13 countries, with occupancy holding steady at 95.6% and a weighted average lease expiry of 4.8 years.
Data centres now dominate Goodman’s development pipeline, comprising 78% of its AUD 19.7 billion work-in-progress portfolio, up from 57% in the prior year. The company controls 6.4 gigawatts of power capacity across 16 major cities, with 3.6 GW secured and an additional 2.8 GW in advanced procurement. Goodman’s annualized data centre production rate exceeded AUD 7.5 billion as of June 2026, with 0.5 GW under construction across 11 projects in six countries.
The company signed a 20-year lease for 50 megawatts with a hyperscale customer at its TYO05 facility in Tokyo, part of the 1,000 MW Tsukuba Tech Central development. Approximately 90% of current data centre projects are fully fitted solutions, with advanced negotiations underway for full-building commitments at facilities in Los Angeles, Hong Kong, and Amsterdam.
Goodman’s partnership model continues to expand, with 71% of its development pipeline now undertaken for third parties. The company manages 26 partnerships holding AUD 75.4 billion in assets under management, up 5% year-over-year, while raising AUD 3.2 billion in third-party capital during FY26. Four new partnerships were established, including an EUR 8 billion European data centre development venture and a joint venture with DataBank at the LAX01 facility in Los Angeles.
The company maintained its distribution target of 30.0 cents per security for FY27 and guided for 9% growth in operating earnings per security, with the increase expected to be weighted toward the second half of the fiscal year. Goodman’s investment-grade credit ratings remain at BBB+/Baa1 from S&P and Moody’s, supported by a weighted average debt maturity of 7.5 years and an interest cover ratio of 25.4 times.
Shares in Goodman Group traded 1.2% lower at AUD 28.82 following the results announcement.
