Report
Tony Sherlock
EUR 101.80 For Business Accounts Only

We Upgrade Development Profile and Goodman FVE to AUD 8.90

We’ve upgraded our expectations for the value of logistics facilities Goodman Group develops annually. We’ve also raised the proportion of completed product that is retained by the approximately 10 funds managed by Goodman to 85% from 75%-80%, positively impacting the growth rate in funds under management and associated fee income. We’d previously been forecasting an outer-year economic slowdown triggering a temporary retracement in annual development volumes, with a 10-year annual average for w...
Underlying
Goodman Group

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.

Provider
Morningstar
Morningstar

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.

Analysts
Tony Sherlock

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