Goodman Group (GMG) sees some tailwinds despite the economic slowdown
Goodman Group (GMG) +3.75%: They came out and reconfirmed both earnings and dividend guidance for the full year, highlighted that gearing is at the lower end of their target range (0-25%) and they have cash ($1.4bn) + funding facilities ($1.1bn) currently available. A property stock that pays 50% of their earnings out in dividends and reinvests the rest, they’re a critical part of the online sales supply chain and they’re incredibly well managed. It’s a good story and while we don’t own, we should at the right price.
Goodman Group (GMG) Chart
