Rotation to Better Assets Is Paying Dividends for Goodman. FVE Increases to AUD 8.00
Goodman Group’s fiscal 2017 earnings of AUD 43.1 cents per security, or cps, were 1% ahead of forecast mainly due to stronger-than-expected earnings in the funds management division. Our fair value estimate increases slightly to AUD 8.00 from AUD 7.90 due to modestly raised expectations for rental growth and funds management earnings. An offsetting factor is a very generous executive share plan, which totaled AUD 85 million in fiscal 2017. With Goodman currently trading around AUD 8.50, the stoc...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.
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