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Goodman Group
GMG.AU
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Goodman Group's Recent Data Center Deal 'Materially' De-Risks Future Earnings, Says Jefferies.

Goodman Group's Recent Data Center Deal 'Materially' De-Risks Future Earnings, Says Jefferies.

marketscreener·
marketscreener·

Citi Sticks to Their Buy Rating for Goodman Group (GMGSF)

Citi analyst Howard Penny maintained a Buy rating for Goodman Group, setting a price target of A$40.00. Penny, a 4-star analyst with an 8.2% average return, covers the Real Estate sector. Morgan Stanley also maintained a Buy rating with a A$41.50 target. Penny's analysis is part of broader investment research insights.

Tip Ranks·
Tip Ranks·

BUZZ-Jefferies says Goodman's Europe JV for data centres de-risks FY26-28 earnings

Jefferies highlights Goodman Group's JV with Canada Pension Plan Investment Board for European data centers, predicting it will de-risk FY26-28 earnings. Development margins are expected at 60% for projects in Paris, Frankfurt, and Amsterdam. Goodman has secured approval for a new 88MW data center in Sydney and may pursue a North American partnership in FY27. Analysts largely rate the stock as "buy" with a median target of A$38.03, despite a 11.3% YTD stock decline.

Reuters·
Reuters·

Australian shares hit one-month high on year-end rally, upbeat sentiment

Australian shares reached a one-month high, driven by year-end positioning and positive global sentiment. The S&P/ASX 200 index rose 1.1% to 8,795.70 points. Financials climbed 1.5%, with major banks rising after RBA minutes suggested rates could remain high if inflation persists. Miners gained 0.7%, supported by strong commodity demand. Property stocks surged 3% following Goodman Group's $9.32 billion European project deal. The market is set to end the holiday-shortened week higher.

Reuters·
Reuters·

Goodman Group and CPP Investments Launch A$14 Billion European Data Centre Partnership

Goodman Group and CPP Investments have launched a A$14 billion European data centre development initiative called the Goodman European Data Centre Development Partnership (GEDCDP). The partnership includes an initial capital commitment of A$3.9 billion to develop data centre projects in Frankfurt, Amsterdam, and Paris. The portfolio comprises four projects with a total of 435 MW of primary power and 282 MW of IT load. Construction is expected to commence by June 30, 2026, with completion anticipated by March 2026.

Reuters·
Reuters·
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