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Why Goodmand Group deserves to trade at a premium

According to UBS there is strong momentum across all parts of Goodman Group’s (ASX: GMG) business, evident in 3Q18 update by the company. The strength in the business means the company deserves to trade at a premium to Net Asset Value and price-earnings- ratio (PER) premium to the sector. As Goodman Group is focused on quality developments in large urban cities, any development risks should be well managed. The shares are up 18% since February, when the company upgraded FY18 earnings per share to 8%.

Goodman Group is a property group involved in property investment, fund management, property services and property development. The shares are trading on a forward PER of 20 \x compared to the Real Estate Sector’s PER of 15x. The annual dividend yield is 3% unfranked.

Scentre Group (ASX: SCG) is a property company focused on retail properties in Australia and New Zealand. The share price trades on a forward PER of 18x, paying an annual dividend yield of 5.3% which is 21% franked.

Motley Fool contributor Rosemary Steinfort has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Scentre Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

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