Earnings release
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GOODMAN DELIVERS STRONG OPERATIONAL PERFORMANCE Q3 FY21 UPDATE 7 MAY 2021 Goodman Artist's impression of multi - storey facility , South Sydney Goodman's third quarter again reflects a strong operating performance underpinned by customer led demand for our assets in our chosen markets . Changing consumption trends across the physical and digital spaces are fundamentally impacting demand . In response , Goodman is developing new space particularly through multi - storey and higher intensity buildings within our urban locations . " We have concentrated our portfolio in high barrier to entry markets where land is scarce and use is intensifying . With a focus on long - term customer requirements , we are developing to meet demand in these consumer markets , providing essential real estate infrastructure for our customers . Our results demonstrate resilience and growth in cashflows underpinned by this approach . The convergence of structural change , strong fundamentals and quality investments should continue to deliver positive performance and profitability for Goodman . " - Greg Goodman , Group CEO KEY HIGHLIGHTS1 As at 31 March 2021 + + $ 52.9 billion total assets under management ( AUM ) 3.3 % like - for - like net property income ( NPI ) growth in our managed Partnerships 98 % occupancy across the Partnerships $ 9.6 billion of development work in progress ( WIP ) ² Reaffirm forecast FY21 operating profit of $ 1.2 billion , representing EPS growth of 12 % on FY20 . $ 52.9bn TOTAL ASSETS UNDER MANAGEMENT $ 9.6bn * DEVELOPMENT WORK IN PROGRESS 98 % OCCUPANCY 12 1 . 2 . All figures in AUD Based on estimated end value 1