Goodman Group
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$32.00 | Pxpzkbc | Xgtdwthr |
Goodman Is Prepared for Good Times and Bad
Business Strategy and Outlook
Goodman Group is one of the world’s premier developers and managers of industrial property projects and investments. The group was co-founded in Australia by Gregory Goodman who remains CEO today, and now has projects and customers in Asia, Europe and the Americas. A typical project involves obtaining a development site, signing tenants onto a lease, and investors to pay for the development and acquire the completed project. Goodman typically retains a minority stake and continues to manage sites after completion, collecting development fees, leasing fees, management and performance fees, and its share of rent.