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, Tamim Funds Management, Pendal Group, Yarra Capital Management, Paradice Investment Management, Solaris Investment Management, Antares Capital, Allan Gray, Sage Capital, Milford Asset Management, L1 Capital, Quest Asset Partners, Prime Value Asset Management and Equity Trustees Asset Management have invested in Goodman Group (ASX:GMG).

Fund managers highlight Goodman's transition of high-quality industrial land into data centres, a development book of nearly $20 billion with data centres now dominating the pipeline, and a large global power bank that Tamim argues is the key constraint on AI and cloud growth. Pendal points to solid operating earnings growth guidance, low gearing and ample liquidity, while Solaris expects further data centre leasing announcements over the next year.

Blackwattle notes the market has focused on the pace of contracted data centre announcements, and the shares weakened when leasing progress lagged expectations despite a strong operational result. Investors are watching whether Goodman can convert its power bank and pipeline into signed hyperscale leases at attractive returns.

Goodman Group is a global developer and manager of essential infrastructure, including logistics properties and data centres. Headquartered in Sydney, Australia, and founded by Gregory Leith Goodman in 1989, the firm focuses on the digital economy. Its portfolio consists of high-quality, sustainable assets, including distribution centres, warehouses, light industrial facilities, multi-storey industrial properties, and business parks. Goodman Group provides critical infrastructure within major global cities to support supply chain and digital requirements.