The Goodman Group (ASX: GMG) share price is in focus after the company reported a total portfolio value of $87.1 billion and work in progress across development projects of $14.5 billion as at 31 March 2026.
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What did Goodman Group report?
- Total portfolio value: $87.1 billion
- Development work in progress (WIP): $14.5 billion
- Annual like-for-like net property income growth: 4.1% (6.1% excluding Greater China)
- Portfolio occupancy: 95.7% (97% excluding Greater China)
- Yield on cost for current WIP: 8.0%
- 3.3 million square metres leased over the past 12 months, generating $491 million in annual rental income
What else do investors need to know?
Goodman is positioned at the centre of the global digital economy, with a development pipeline focused on infrastructure-scale industrial properties and data centres in major cities worldwide. AI adoption is driving increased demand for data centres in metropolitan locations, but supply remains constrained by energy availability and grid capacity.
The company's global power bank for data centres now totals 6.4 gigawatts, with 3.6GW secured and further expansion underway. The majority of current developments (73% of WIP) are dedicated to data centre assets, responding to strong customer demand across multiple regions and with a focus on flexibility and urban locations.
What's next for Goodman Group?
Goodman expects its work in progress to reach roughly $18 billion by June 2026, with ongoing focus on securing power and advancing its capital partnerships. The board has approved a target of 9% operating earnings per security (EPS) growth for FY26, and management reports the group is on track to deliver at least this level.
Looking ahead, Goodman plans to redeploy capital into large-scale sites to capture the growth in AI, automation, and urban logistics. Securing additional power and progressing customer commitments in the data centre segment remain a strategic priority.
Goodman Group share price snapshot
Over the past 12 months, Goodman Group shares have declined 9%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.
