Growing institutional demand for industrial assets underpins our outlook for strong earnings growth.
Goodman Group’s reported fiscal 2016 earnings of AUD 40.1 cents per security, was in line with our forecast and represented growth of 7.8% on the prior year. This is the sixth year running where Goodman has achieved annual EPS growth of 6% to 8% and management are forecasting this to continue, guiding for fiscal 2017 EPS of AUD 42.5 cents, representing growth of 6.0%. Distributions will rise in step, with the guided distribution of AUD 24.5 cents per security (based on a 60% payout ratio) repre...Goodman Group is engaged in owning, developing and managing industrial property and business space in primary markets around the world. The principal activities of Co. are investment in directly and indirectly held industrial property, property services, property development (including development management) and investment management. The principal markets in which Co. operates in are Australia and New Zealand, Asia, Continental Europe, the U.K. and the Americas.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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