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Highlights

  • Goodman Group reaffirms forecast of 9% growth in FY25 operating earnings per share.

  • Distribution maintained at 30 cents per share.

  • Customer decision-making impacted by global economic and trade uncertainty.

Industrial property company Goodman Group (ASX:GMG) has reiterated its full-year forecast for 9% growth in operating earnings per share for the 2025 financial year, despite acknowledging that an uncertain economic and trade environment is slowing customer activity in the logistics sector.

In its latest quarterly operational update, the company confirmed that its distribution forecast remains unchanged at 30 cents per share. The reaffirmation of guidance comes amid headwinds from global trade tensions and economic volatility, which Goodman said are affecting tenant decisions across its international property portfolio.

Founder and Chief Executive Officer Greg Goodman said the broader environment is contributing to cautious decision-making among customers, particularly those with exposure to international markets. “Customer demand across our industrial portfolio is being influenced by uncertainty over international trade and its impact on global growth,” he stated.

Despite the challenges, Goodman noted that underlying market conditions remain supportive of the company's operations. Limited new supply of industrial space and customer retention rates in key global markets are helping to underpin rental growth and occupancy levels.

“Our development activities are forecast to continue to provide attractive margins relative to risk, with our locations expected to continue to drive rental growth and maintain high occupancy rates across the portfolio,” Goodman said.

The company did not provide detailed financial results in the quarterly update but emphasized the resilience of its industrial real estate assets. Goodman Group operates in major logistics hubs across Australia, Asia, Europe, and North America, catering to a wide range of clients in e-commerce, distribution, and manufacturing.

Goodman added that ongoing demand for high-quality logistics space, particularly in constrained urban markets, continues to support positive rental trends.