Goodman Group

Goodman Limited is an Australian integrated commercial and industrial property group that owns, develops and manages real estate. This includes warehouses, large scale logistics facilities, business and office parks globally.

Goodman Limited
Public
Traded asASX: GMG
IndustryCommercial property
Founded1989 (1989)
FounderGregory Goodman [1]
Headquarters
Sydney, New South Wales
,
Australia
Area served
Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil
Key people
Gregory Goodman (Group CEO)
Anthony Rozic (Deputy CEO)
Nick Vrondas (Group CFO)
Nick Kurtis (Group Head of Equities)
Revenue A$1,182,800,000 (2013/14)[2]
A$601,100,000 (2013/14)[2]
Total assets A$9,403,900,000 at 2014-06-30[2]
Total equity A$6,230,400,000 at 2014-06-30 [2]
Number of employees
1,080 (September 2014)[3]
Websitewww.goodman.com

The organisation was founded in 1989 as a private property trust focused on industrial properties, listing on the Australian Securities Exchange (ASX) in 1995 as Goodman Hardie Industrial Property Trust with eight properties valued at A$75 million. In 2000 the trust merged with Macquarie Industrial Trust and was renamed Macquarie Goodman Industrial Trust.[4]

The organisation changed its name to Macquarie Goodman Group in 2005 following a series of acquisitions and mergers, which made it the largest industrial property group in the ASX All Ordinaries Index.[5]

In July 2007, the organisation was renamed to its present name, after Macquarie Bank sold its 7.7% interest almost a year earlier.[6] Goodman is now one of the largest providers of industrial property and business space in the world, following the expansion of its operations into Europe, Asia and the Americas through a series of acquisitions and organic growth.[7][8]

As of September 2014, the Group had 432 properties under management in 16 countries and 69 active developments underway.[3][9] It had market capitalisation of A$8.7 billion.[2]

Between 2007 and 2014, Goodman's earnings before interest and tax (EBIT) averaged $138m. It is split into three divisions: property portfolio, development and funds management.[10]

In May 2019 Goodman Group reported A$44.1 billion total assets under management delivered for the nine months to 31 March 2019, with A$3.7 billion in ongoing development work.[11]

See also

References
  1. "Philanthropist, arts patron, businessman Sir Pat Goodman dies". Retrieved 15 June 2019.
  2. "Appendix 4E – Full Year Accounts". Goodman Limited. 14 August 2014. Retrieved 25 January 2015.
  3. "Facts at a glance". Goodman Limited. Retrieved 25 January 2015.
  4. "Corporate history". Goodman Limited. Retrieved 25 January 2015.
  5. "Goodman upgrades guidance". The Australian Financial Review. 11 June 2014. Retrieved 25 January 2015.
  6. "MGQ Annual General Meeting" (PDF). Goodman Limited. 16 November 2006. Retrieved 25 January 2015.
  7. "Corporate history". Goodman Limited. Retrieved 25 January 2015.
  8. "Goodman's global presence". Goodman Limited. Retrieved 25 January 2015.
  9. "Q1 2015 operational update presentation". Goodman Limited. 30 September 2014. Retrieved 25 January 2015.
  10. Nathan Bell (7 October 2014). "Goodman Group: Back from the brink". intelligentinvestor.com.au. Retrieved 28 April 2015.
  11. "Goodman Group reports $44.1 billion total assets under management". Finance News Network. 15 May 2019. Retrieved 15 June 2019.
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