For some time Goodman Group (GMG) has been struggling with the need to deal with around $520 million debt due to be refinanced in May of 2010 and as a follow on measure to the granting of options to Macquarie Group ((MQG)) the company has now reached a deal with China Investment Corporation (CIC).
Goodman Group's investor day presentation has left the broker's investment thesis intact. Demand remains strong globally, and data centres and cold storage are becoming increasingly important tenant categories.
Goodman Group has reaffirmed FY19 guidance of growth in operating earnings of 9.5% and distribution growth of 7%. Credit Suisse notes the update highlighted the global demand for logistics space within the proximity of consumers in urban locations.