Goodman

What Goodman does

Goodman Group is a global industrial property and digital infrastructure specialist that owns, develops, and manages logistics warehouses, distribution centers, data centers, business parks, and multi-storey industrial facilities across 15 countries. Its product portfolio spans four core property types: logistics/warehousing, large-scale data centers (a global 6.4GW power bank across 16 cities), integrated business parks, and multi-storey industrial facilities, with notable technical capabilities including 40+ multi-storey logistics properties delivered since 2012, brownfield redevelopment expertise, and sustainable design features such as dry-air cooling and district heat recovery. The company serves enterprise customers including hyperscalers and co-location providers (e.g., Equinix), e-commerce firms (Amazon, Mercado Livre), logistics operators (DHL, Maersk, Australia Post), automotive manufacturers (Toyota, Ford, BMW, Volkswagen), and retailers (Costco, Woolworths).

Goodman operates a partnership-driven investment management model in which it co-invests (typically 13%-55%) alongside institutional capital partners including CPP Investments, PGGM, APG, Aware Super, NBIM, and GIC. Revenue is generated through three streams: property rental and lease income from a portfolio now totaling $87.1 billion, recurring investment management fees and performance fees from capital partnerships, and one-time development profits on turnkey or build-to-suit projects. Distribution policy targets 30 cents per share annually, with retained earnings reinvested in development pipeline and new partnerships.

The business is structured as a stapled security on the ASX (ticker: GMG) with a market capitalization of approximately $43.3 billion as of April 2026, supported by strong balance sheet metrics including 4.1% gearing, S&P BBB+ and Moody's Baa1 credit ratings, and an Altman Z-Score of 9.21. Management targets at least 9% operating EPS growth for FY26, with data centers expected to potentially contribute 50% of long-term investment income as the 6.4GW power bank transitions from pipeline to delivered capacity.

Name

Goodman

Legal name

Goodman Group

Website

https://goodman.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Goodman Group is a global industrial property and digital infrastructure specialist that owns, develops, and manages logistics warehouses and data centers across 15 countries, serving enterprise customers including hyperscalers, e-commerce firms, automakers, and logistics operators through co-investment partnerships with major institutional investors.

Ownership category

akta.pro rank

Product category

Industrial Real Estate & Digital Infrastructure

NAICS

Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Real Estate (6500)

akta.pro primary industry

Warehousing & Logistics Facilities Brokerage (BPAJACAA)

akta.pro secondary industries

Industrial & Logistics Brokerage (BPAJABAC), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Industrial real estate
• Logistics properties
• Data centre development
• Property investment management
• Business park development

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D

Revenue model

1. Property Rental and Lease Income: Goodman earns rental income from its global portfolio of logistics warehouses, distribution centers, and data centers leased to customers on long-term agreements. Properties are strategically located near consumers and transport infrastructure.
2. Investment Management Fees: Goodman manages capital partnerships with institutional investors including sovereign wealth funds, pension funds, and multi-manager funds. The company earns management fees and performance fees from these partnerships across multiple regional platforms.
3. Property Development and Sale: Goodman develops properties for sale or pre-lease to customers, generating development profits. This includes turnkey developments, powered shell facilities, and fully fitted data centers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Goodman Group owns, develops, and manages industrial real estate including logistics warehouses, distribution centres, business parks, multi-storey industrial facilities, and hyperscale data centres across 15 countries. It leases space directly to enterprise customers and operates a co-investment investment management platform with institutional capital partners, earning rental income, development profits, and management fees.

Product overview

Goodman Group is a global industrial property and digital infrastructure specialist that owns, develops, and manages a portfolio of logistics properties, data centres, business parks, and multi-storey industrial facilities. The company's product portfolio is organized into four core property types: (1) Logistics/Warehouses providing supply chain and distribution infrastructure; (2) Data Centres delivering essential digital infrastructure through a global power bank of 6.4GW across 16 cities, with named facilities including LAX01 Vernon (32MW, Los Angeles), SYD01 Sydney (61MW), HKG10 Hong Kong (32MW), AMS01 Amsterdam (48MW/76MW), FRA02 Frankfurt (54MW/90MW), PAR01 Paris (72MW/105MW), PAR02 Paris (108MW/200MW), MAD01 Madrid (6MW/9MW), Tsukuba Tech Central Tokyo (1,000MW), and Goodman Business Park Tokyo (300MW completed 2025); (3) Business Parks offering integrated commercial, logistics and data centre space; and (4) Multi-Storey Industrial providing space-efficient solutions in urban centres. Supporting the property portfolio is an Investment Management Platform comprising regional partnerships (GADP, GAIP, GAP, GNAP, GCLP, GHKLP, GJCP, GEP, GEDCDP I) through which Goodman co-invests with institutional partners, and SmartSpace technology enabling portfolio analytics for site selection.

Differentiator

Problem solved

Functional benefit

Brands

• Goodman Business Park: Large-scale integrated business, logistics and data centre park in Japan
• Goodman Commerce Center
• Oakdale Industrial Estate

Products and services

• Logistics Properties / Warehouses High-quality logistics and warehouse properties strategically located close to consumers and major transport infrastructure for e-commerce, supply chain, and distribution tenants. Features include sustainable design with solar panels, EV charging, and LED lighting.
• Data Centres Large-scale, high-value data centre properties for the digital economy delivered through a 6.4GW global power bank across 16 major international cities, offering powered sites, powered shell, or fully fitted solutions.
• Business Parks Large-scale integrated business, logistics, and data centre parks combining multiple property types including warehouses, offices, and data centres. Examples include Goodman Business Park Chiba (364,192 sqm) in Greater Tokyo and Highbrook Business Park (107 hectares) in Auckland.
• Multi-Storey Industrial Facilities Multi-storey logistics facilities with two or more levels using ramps, freight lifts, or conveyor systems, providing a sustainable solution for space-constrained urban centres close to consumers.
• Investment Management Platform Investment management platform providing institutional investors access to industrial and digital infrastructure properties through regional partnerships including GADP, GAIP, GAP, GNAP, GCLP, GHKLP, GJCP, GEP, and GEDCDP I. Goodman co-invests with institutional capital and earns management and performance fees.

Quantifiable outcome

• Transport costs represent 45-70% of total logistics spend; strategic location reduces these costs
• +3 more outcomes

Named customers23 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and supporting.

• DataBankcoreStrategic or Co-development Partner · 7 April 202650/50 joint venture to develop and market LAX2, a 140,000-square-foot data center in Vernon, California with 32MW capacity. The facility is scheduled to open in December with capacity scaling through September 2027. Both companies intend to expand the partnership across additional capacity-constrained U.S. markets.
• Infrastructure MasonssupportingGTM or Marketing Partner · 3 February 2026Goodman joined Infrastructure Masons as Global Premier Partner, an industry association for digital infrastructure professionals focused on workforce development and industry collaboration.

Scale indicators17 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Prologis: Global industrial REIT and logistics real estate operator with a comparable focus on high-quality logistics facilities and data center development. Prologis is the largest direct competitor in logistics warehousing globally and has expanded into data centers, making it the most direct comparable to Goodman's industrial/data center dual strategy.
• Equinix: Largest global data center and interconnection operator with extensive FLAP-D coverage. Equinix is both a customer of Goodman (named in source data) and a key competitor for powered shell and fully fitted data center deals.
• SEGRO: European-focused industrial/logistics REIT with significant presence in FLAP markets and urban infill warehousing. SEGRO's strategic positioning in supply-constrained European markets directly overlaps with Goodman's European logistics and data center expansion strategy.
• Digital Realty Trust: Global data center REIT operating hyperscale and colocation facilities across major markets including FLAP-D. Digital Realty is a direct comparable for Goodman's data center business and a potential customer/competitor in the powered shell space.
• ESR Group: Asia-Pacific focused logistics and data center real estate platform with investment management partnerships. ESR's APAC logistics portfolio and emerging data center business makes it a comparable peer for Goodman's regional partnerships across Asia.

Regional players

• Dexus: Australian-listed real estate group with industrial property exposure alongside office and retail. Dexus is a regional comparable for Goodman's Australian portfolio and competes for the same institutional capital partnerships.
• Stockland: Diversified Australian REIT with industrial/logistics development activity. Stockland competes with Goodman in Australian industrial markets and shares exposure to domestic economic cycles.

Emerging players

• NEXTDC: Australian data center operator with growing presence in key APAC markets. NEXTDC competes with Goodman for hyperscaler and enterprise data center customers across Australia and Asia.

Broad incumbents

• CapitaLand Investment: Asia-based real estate investment manager with logistics and data center funds. CapitaLand's investment management platform model is structurally similar to Goodman's partnership-driven approach across Asia.
• Mapletree Industrial Trust: Asia-focused industrial REIT with logistics and data center exposure. Mapletree's broader industrial mandate across Asia overlaps with Goodman's regional partnerships in Singapore, Japan, and Hong Kong.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/goodman_group
• YouTubeyoutube.com/channel/ucqpjamgrrap3oat16gocceq
• LinkedInau.linkedin.com/company/goodman
• Instagraminstagram.com/goodman.group

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries16 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Goodman