GMG.AX - Goodman Group

ASX - ASX Delayed Price. Currency in AUD
13.67
-0.40 (-2.84%)
At close: 4:11PM AEDT
Stock chart is not supported by your current browser
Previous Close14.07
Open13.97
Bid13.66 x 0
Ask13.72 x 0
Day's Range13.66 - 13.99
52 Week Range10.57 - 16.10
Volume5576081
Avg. Volume6,610,004
Market Cap25B
Beta (5Y Monthly)0.41
PE Ratio (TTM)15.66
EPS (TTM)0.87
Earnings DateFeb 13, 2020
Forward Dividend & Yield0.30 (2.13%)
Ex-Dividend Date2019-12-30
1y Target Est10.36
  • Moody's

    Goodman US Finance Three, LLC -- Moody's announces completion of a periodic review of ratings of Goodman Group

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Goodman Group and other ratings that are associated with the same analytical unit. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.

  • Benzinga

    Goodman's North American Unit Swallows 65 Acres Of Los Angeles "Infill" Real Estate

    A company most Americans have never heard of is poised to control a large swath of urban industrial land in greater Los Angeles. The North American unit of Australian real estate company Goodman Group (OTCMKTS: GMGSF) said it has acquired a 65-acre manufacturing and distribution site in Fullerton, California, located just 26 miles south of Los Angeles, and will turn the site into what it called a "logistics campus." The facility, to be renamed the Goodman Logistics Center Fullerton, will be available for occupancy in late 2021, the Goodman unit said. The transaction brings to 200 the amount of Los Angeles acreage that Goodman has acquired in just the past three months.

  • Goodman Group (ASX:GMG) Delivered A Better ROE Than Its Industry
    Simply Wall St.

    Goodman Group (ASX:GMG) Delivered A Better ROE Than Its Industry

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Hong Kong Money Is Fleeing? Not Around Here
    Bloomberg

    Hong Kong Money Is Fleeing? Not Around Here

    (Bloomberg Opinion) -- Hong Kong may have been seeing money flow out as the city’s turmoil undermines its reputation as a stable financial center, but one important source of capital keeps on coming: cash for initial public offerings.The city has hosted two IPOs of more than $1 billion since early June and ESR Cayman Ltd. is testing investor appetite for a revived share sale of as much as $1.45 billion. The Hong Kong-based warehouse operator, which is backed by Warburg Pincus and Goldman Sachs Group Inc., delayed its IPO in June citing unfavorable market conditions. It has now increased its fundraising target from $1.24 billion.ESR is the second company to resuscitate a flotation since June, when large-scale protests started to affect Hong Kong. Budweiser Brewing Company APAC Ltd. completed a $5 billion offering last month, having shelved its sale in July amid lackluster demand. The Asian unit of Anheuser-Busch InBev NV almost halved the size of the IPO from a planned $9.8 billion. The stock has risen 15% since it started trading at the end of September.While Hong Kong has slipped from being the world’s largest IPO venue last year, it’s still running in third place in 2019 behind the Nasdaq and New York exchanges, with companies having raised $18.6 billion in the city, according to data compiled by Bloomberg. That testifies to Hong Kong’s enduring strength as a capital-raising hub, an advantage that won’t easily be prized away by any regional rival.The bottom line for companies such as ESR is that they have few other choices. Hong Kong has Asia’s deepest stock market bar Tokyo, where investors are mostly domestically focused and few foreign companies opt to list. Singapore, meanwhile, has been bedeviled by a lack of liquidity. The city’s market capitalization has shrunk to $478 billion — smaller than Thailand’s and less than a 10th of Hong Kong’s $5.2 trillion, according to Bloomberg-compiled data.(2) Hong Kong-traded Fortune Real Estate Investment Trust withdrew its dual listing from Singapore’s main board in June, citing costs of compliance and low trading volumes, one of a number of companies to have abandoned the exchange. Singapore is the world's 12th largest venue globally for IPOs this year, behind even Borsa Italiana and SIX Swiss Exchange. Even well-known Singapore names have been looking to sell shares elsewhere: PropertyGuru Ltd., an online real estate classifieds business backed by KKR & Co. and TPG Capital, had been looking to list in Australia, before withdrawing an expected $260 million IPO on Wednesday. A mild recovery in Hong Kong share prices has given companies confidence to venture back, with the benchmark Hang Seng Index climbing about 5% from its August low. And positive post-IPO performances are helping to bolster investor interest. Besides Budweiser, Chinese sportswear retailer Topsports International Holdings Ltd. has climbed 15% since raising $1 billion this month.A peculiarity of the Hong Kong market has also aided the return of Budweiser and ESR: the cornerstone investor. Budweiser sold a $1 billion stake to Singapore’s sovereign wealth fund, while Canadian pension fund OMERS has committed $585 million to ESR’s offering. First time around, neither company had cornerstones — big investors that commit to hold the shares for a minimum period, signaling confidence to other buyers. ESR, which has logistics assets in countries from China to India, is seeking to sell stock at a premium to its bigger, Australian-listed competitor Goodman Group. At the bottom of its targeted price range, ESR is priced at 26.1 times its estimated 2020 enterprise value to Ebitda, according to Aequitas Research analyst Sumeet Singh, who writes on Smartkarma. Goodman is trading on a ratio of 21.8 times, according to Bloomberg-compiled data.That looks ambitious, though it may reflect the return of more buoyant conditions to the Hong Kong market. A successful sale is likely to encourage more listing candidates to tiptoe back.\--With assistance from Zhen Hao Toh  (Adds footnote on the calculation of market cap figures in the fifth paragraph.)(1) The market capitalization figures for Singapore and Hong Kong don't include ETFs and ADRS, and include only actively traded, primary securities on the two exchanges to avoid double counting. Including secondary listings, Hong Kong's market cap is $6.1 trillion, versus $672 billion for Singapore.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Announcing: Goodman Group (ASX:GMG) Stock Increased An Energizing 167% In The Last Five Years
    Simply Wall St.

    Announcing: Goodman Group (ASX:GMG) Stock Increased An Energizing 167% In The Last Five Years

    The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side...

  • How To Look At Goodman Group (ASX:GMG)
    Simply Wall St.

    How To Look At Goodman Group (ASX:GMG)

    Goodman Group is a AU$25b large-cap, real estate investment trust (REIT) based in Sydney, Australia. REITs are...

  • Thomson Reuters StreetEvents

    Edited Transcript of GMG.AX earnings conference call or presentation 22-Aug-19 11:00pm GMT

    Full Year 2019 Goodman Group Earnings Call

  • Here's Why We Think Goodman Group (ASX:GMG) Is Well Worth Watching
    Simply Wall St.

    Here's Why We Think Goodman Group (ASX:GMG) Is Well Worth Watching

    For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

  • Is Goodman Group's (ASX:GMG) CEO Being Overpaid?
    Simply Wall St.

    Is Goodman Group's (ASX:GMG) CEO Being Overpaid?

    In 1998 Greg Goodman was appointed CEO of Goodman Group (ASX:GMG). First, this article will compare CEO compensation...

  • Thomson Reuters StreetEvents

    Edited Transcript of GMG.AX earnings conference call or presentation 17-Aug-11 11:30pm GMT

    Preliminary 2011 Goodman Group Earnings Presentation and Webcast

  • Thomson Reuters StreetEvents

    Edited Transcript of GMG.AX earnings conference call or presentation 15-Feb-12 10:30pm GMT

    Interim 2012 Goodman Group Earnings Presentation

  • Read This Before Buying Goodman Group (ASX:GMG) Shares
    Simply Wall St.

    Read This Before Buying Goodman Group (ASX:GMG) Shares

    We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...

  • Thomson Reuters StreetEvents

    Edited Transcript of GMG.AX earnings conference call or presentation 13-Feb-19 10:00pm GMT

    Half Year 2019 Goodman Group Earnings Call

  • Do Institutions Own Goodman Group (ASX:GMG) Shares?
    Simply Wall St.

    Do Institutions Own Goodman Group (ASX:GMG) Shares?

    If you want to know who really controls Goodman Group (ASX:GMG), then you'll have to look at the makeup of its share...

  • Should We Be Delighted With Goodman Group's (ASX:GMG) ROE Of 15%?
    Simply Wall St.

    Should We Be Delighted With Goodman Group's (ASX:GMG) ROE Of 15%?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Did Business Growth Power Goodman Group's (ASX:GMG) Share Price Gain of 176%?
    Simply Wall St.

    Did Business Growth Power Goodman Group's (ASX:GMG) Share Price Gain of 176%?

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But when you pick a company that is really flourishing, you can make more than 100%. One great example...

  • Should You Invest In Goodman Group (ASX:GMG)?
    Simply Wall St.

    Should You Invest In Goodman Group (ASX:GMG)?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Goodman Group is a AU$24b large-cap, real estate investment trust (REIT) based in Sydney, Australia. REITs a...

  • An Examination Of Goodman Group (ASX:GMG)
    Simply Wall St.

    An Examination Of Goodman Group (ASX:GMG)

    Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Goodman Group (ASX:GMG) due to its excellent fundamentals in more thanRead More...

  • Does Goodman Group’s (ASX:GMG) CEO Salary Reflect Performance?
    Simply Wall St.

    Does Goodman Group’s (ASX:GMG) CEO Salary Reflect Performance?

    Greg Goodman has been the CEO of Goodman Group (ASX:GMG) since 1998. This analysis aims first to contrast CEO compensation with other large companies. After that, we will consider the Read More...

  • Are Insiders Selling Goodman Group (ASX:GMG) Stock?
    Simply Wall St.

    Are Insiders Selling Goodman Group (ASX:GMG) Stock?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples Read More...

  • Simply Wall St.

    What Kind Of Investor Owns Most Of Goodman Group (ASX:GMG)?

    The big shareholder groups in Goodman Group (ASX:GMG) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions Read More...