Fund Manager Summary on Goodman Group (ASX:GMG)
In February 2026, Ausbil Investment Management commented that Goodman Group (ASX:GMG) is a buy, noting the company’s transition from industrial property into a self‑funding data centre platform with a strong balance sheet and earnings set to accelerate as its pipeline converts. Across fund manager commentary there is a clear consensus that GMG’s pivot into data centres is a material structural tailwind—supported by a large global pipeline, increased secured power and growing work‑in‑progress—which should drive development profits, AUM growth and coinvestment opportunities; this view is reinforced by recent positioning that added to the stock after its de‑rating and by the company’s ~$4 billion equity raise that pre‑funded growth. That optimism is balanced by recurring execution and market risks highlighted by managers: the need to secure leasing and capital partnerships to de‑risk projects (investors have repeatedly flagged timing and partnership announcements), potential slowing of hyperscaler demand or IT spend amid AI capex uncertainty, the funding scale of a very large pipeline, cyclical sensitivity of core industrial leasing, and macro pressure from rising yields and tech re‑rating. Actionable considerations for investors are to monitor leasing milestones and capital partnership updates, WIP and secured power metrics (previously cited WIP of $12.4bn rising to >$17.5bn, secured power upgraded to 3.4GW and a 5.0GW global power bank; data centres reported at ~68% of WIP and partnerships AUM ~72.1bn), the phasing of earnings (managers note EPS guidance around +9% and forecasts of ~10% EPS growth), and management’s execution on converting projects into partner‑funded assets to realise development margins and recurring fees. Overall, recent commentary weights more heavily toward cautious optimism: fund managers view Goodman as high quality with compelling strategic optionality, provided execution, capital partnerships and macro conditions align with management’s rollout timetable.
Commentary From The Managers
There are 33 insights from 19 fund managers regarding their investment in Goodman Group (ASX:GMG) available on Thesis Tracker.
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Commentary From The Managers
The completeness, accuracy or current status of the investments referenced are not guaranteed.
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Frequently Asked Questions
Who is investing in Goodman Group (ASX:GMG)?
Fund managers including Greencape Capital, Cooper Investors, Oracle Advisory Group, Pengana Capital Group, Ten Cap, Blackwattle Investment Partners, Wilson Asset Management, First Sentier Investors, Airlie Funds Management, Clime Investment Management, Sterling Managed Investments, Tyndall Asset Management, Atlas Funds Management, SG Hiscock & Company, Perpetual Asset Management, Perennial Partners, Infinity Asset Management, Ausbil Investment Management and TAMIM Asset Management have invested in Goodman Group (ASX:GMG).
Why do fund managers invest in Goodman Group?
Fund managers invest in Goodman Group due to its strong asset base, growth potential, and strategic pivot towards data centres. Analysts highlight its robust portfolio of industrial properties, which are well-positioned for conversion into high-demand data facilities. With attractive long-term earnings growth prospects, a solid balance sheet, and a competitive yield, Goodman Group is viewed as a quality investment opportunity. The company's ability to leverage existing infrastructure and capitalize on rising demand for digital solutions further enhances its appeal in the current market.
What happened to Goodman Group (ASX:GMG)?
Fund managers are investing in Goodman Group due to its high-quality industrial properties and strong management team. With a substantial $100 billion data center pipeline, the company demonstrates a strategic shift to capitalize on AI-related opportunities, providing a relatively affordable way to gain exposure to this sector. Despite recent market volatility and concerns about AI investment sustainability, fund managers maintain confidence in Goodman Group's earnings potential and ability to generate value from its assets. They recognize the company’s strong capital position and ongoing commitment to executing its growth strategy.
What is the short interest in Goodman Group (ASX:GMG)?
The short interest in Goodman Group (ASX:GMG) is 0.40% which makes it the 308th most shorted stock on the ASX. Of the 2.0B shares that Goodman Group has on issue, 8.1M have been sold short.
What does Goodman Group (ASX:GMG) do?
Goodman Group operates as a provider of essential infrastructure. It owns, develops and manages high quality, sustainable logistics properties and data centres in major global cities, that are critical to the digital economy. The firm properties portfolio includes logistics and distribution centres, warehouses, light industrial, multi-storey industrial, business parks and data centres. The company was founded by Gregory Leith Goodman in 1989 and is headquartered in Sydney, Australia.