Insights

Here’s why the Goodman Group (ASX: GMG) share price just hit an all-time high

Goodman Group’s stock hit a record high today, and its future might be even brighter.
The post Here’s why the Goodman Group (ASX: GMG) share price just hit an all-time high appeared first on The Motley Fool Australia. –

Thursday’s been a good day for the Goodman Group (ASX: GMG) share price. It hit a new all-time high for the third day in a row.

In intraday trade today the company’s stock reached a high of $24.96, a 1.1% gain on its previous closing price.

As of Thursday’s close, the Goodman Group share price had dropped slightly to trade at $24.83. Though, that’s still 0.69% higher than it was at the end of Wednesday’s session.

For context, the S&P/ASX 200 Index (ASX: XJO) fell 0.1% today.

Let’s take a look at what’s been going on with the industrial property-focused real estate investment trust (REIT).

Goodman Group share price is on a roll

The Goodman Group share price has broken its record high every day since Monday. Meanwhile, global accounting and professional services firm, BDO in Australia, released the results of its 27th Annual Survey of Australian REITs.

It found Goodman Group to be the third best performing Australian REIT for financial year 2021 (FY21). The report stated:

Goodman Group places a focus on being innovative and agile within the typically stable REIT sector. [Over FY21] they maintained a strong position to capitalise on growing e-commerce trends by having a portfolio occupancy of 98.%. The industrial sector has a relatively high barrier to entry, and high occupancy rates combined with growing rental yields placed Goodman Group in good stead to take advantage of robust demand.

Additionally, BDO found that the REIT sector beat the performance of the ASX 200 by a whopping 7.1% over FY21.

And the best performers of the sector for FY21 were industrial REIT share prices, like that of Goodman Group. They were found to have outperformed their FY20 movements by an average of 41.4% during FY21.

Whereas the share prices of office-focused REITs outperformed by 16.4% on average.

BDO in Australia Australian REIT specialist and corporate finance partner, Sebastian Stevens commented on the findings:

The industrial sector was the big [Australian REIT] winner this year because of the acceleration of online retail which fuelled demand for warehouses and logistics facilities… The future is bright for the industrial sector too, as businesses begin to bring manufacturing back onshore after serious challenges with supply chain squeeze and high freight costs.

The company’s seemingly on the same page as BDO. It recently upgraded its operating earnings per share guidance for FY22 to be more than 15%. Previously, it was estimated that figure would be around 10%.

The Goodman Group share price has increased 28% since the start of 2021. It has also gained 5.5% over the last 30 days.

The post Here’s why the Goodman Group (ASX: GMG) share price just hit an all-time high appeared first on The Motley Fool Australia.

Should you invest $1,000 in Goodman Group right now?

Before you consider Goodman Group, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Goodman Group wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

ASX shares to buy for the Omicron COVID outbreak

2 high-growth ASX shares profiting from the e-commerce boom

Why these ASX 200 shares could be strong buys

Here’s how much $20,000 invested in these ASX shares 10 years ago is worth now

Is the Goodman (ASX:GMG) share price a good buy?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!