Goodman Group (GMG) Earnings Soar with 1H Operating Profit Hitting A$1.13B, a 29% Yearly Increase

Goodman Group on Smartkarma

Goodman Group, a real estate investment trust (REIT) in Australia, has been receiving positive analyst coverage on Smartkarma, an independent investment research network. Jacob Cheng, a top independent analyst on the platform, recently published a research report titled “Australia Real Estate: Long Goodman Group GMG and Short DEXUS DXS Pair Trade”. In the report, Cheng shares his bullish sentiment on Goodman Group and recommends a pair trade of going long on GMG and short on DEXUS DXS.

Cheng’s recommendation is based on the strong fundamentals of the industrial sector and the continued weakness in the office sector. He also highlights the company-specific drivers that make Goodman Group an attractive investment. On the other hand, DEXUS DXS, which is primarily driven by the Sydney office market, is facing multiple headwinds. This makes it a prime candidate for a short position. Overall, Cheng believes that the long-term thematic and fundamentals of Goodman Group make it a strong investment, while the weakness in DEXUS DXS makes it a suitable short position for a pair trade.

A look at Goodman Group Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

The long-term outlook for Goodman Group is looking positive, according to the Smartkarma Smart Scores. With an overall score of 3 out of 5, the company is considered to have a solid value and growth potential. This is due to its diversified operations in Australia, New Zealand, UK, Asia, and Europe, which allows the company to tap into various markets and opportunities.

Despite receiving a low score of 1 for dividend, Goodman Group‘s resilience and momentum are both rated highly at 3 and 5 respectively. This indicates that the company is able to withstand economic challenges and has a strong upward trend in its performance. As an integrated industrial property group, Goodman Group‘s property portfolio includes a range of properties such as business parks, industrial estates, office parks, and warehouse/distribution centers, providing a stable and diverse source of income.

Overall, Goodman Group‘s strong performance in value, growth, and resilience, coupled with its momentum, make it a promising investment for the long-term. Investors can expect a steady return from this integrated industrial property group with operations in various markets across the globe.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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