Goodman Group

GMG: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$75.00	Cfrpf	Hvnswnnwq

Money Ploughs Green Fields Into Industrial Property; Goodman Benefits, but FVE Unchanged.

Johannes Faul

Nov 12, 2019

The phenomenal demand for logistics assets was on display with today’s first-quarter operational update from narrow-moat-rated Goodman Group. The release revealed remarkably strong growth in funds under management, or FUM, to AUD 48.2 billion in the first quarter of fiscal 2020. We upgrade our estimates for the group’s FUM, now expecting a 2020 year-end asset book of slightly more than AUD 50 billion.

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