Goodman Group (OTCPK:GMGSF)
$ 23.47 0.17 (0.73%) Market Cap: 44.79 Bil Enterprise Value: 46.68 Bil PE Ratio: 0 PB Ratio: 4.07 GF Score: 81/100

Full Year 2023 Goodman Group Earnings Call Transcript

Aug 16, 2023 / 11:00PM GMT
Release Date Price: $12.79
Operator

Thank you for standing by, and welcome to the Goodman Group Fiscal Year 2023 Full Year Results. (Operator Instructions) As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Mr. Greg Goodman, CEO. Please go ahead, sir.

Gregory Leith Goodman
Goodman Group - Group CEO & Director

Thank you very much, and good morning, everyone, and welcome. I have Nick Vrondas with me on the call here this morning.

I'd like to begin by acknowledging the traditional owners of the land on which I am presenting from today, the Gadigal people of the Eora nation and pay my respects to elders, past and present.

Goodman delivered strong results for FY '23 with an operating profit of nearly $1.8 billion, up 17% on last year. Operating earnings per security $0.943, up 16% on the same time last year.

The quality, location of our sites are underpinning rental growth, property values and development activity. Despite the economic uncertainty, the structural forces in our markets remain intact.

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