First Impression: Goodman Group-GMG- FY16 Result

Bell Potter

Statutory profit up 5.5% to $1,274.6m (including property and intangible valuations, derivative and foreign currency mark to market and other non-cash items). Net tangible assets per security increased 19% to $4.10 (current price $7.40) with a significant contribution from urban renewal projects. Total assets under management of $34.1 billion, up 13% on FY15, reflecting increased valuations. Net operating cash flow up 26.8% to $830.1m.


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