Operating earnings would rise to $460 million for 2011/12, from the $383.9 reported for the last financial year, itself a figure that met earning guidance and was a 24 per cent rise from the year before.
The company said net profit recovered to $392 million in 2010/11 from the previous year's loss of $537 million.
Revenue surged to 929.8 million compared to 173.3 million for the prior period.
Goodman reported fully diluted operating earnings per shares of 5.66 per cent, up eight per cent on the 2010 financial year. The company forecast operating earnings per share would rise to six cents per share in financial 2012.
It will pay a final dividend of 2 cents per share, compared with 1.9 cents a year earlier.
Goodman reduced its debt-equity ratio during the year by more than 20 per cent, from 48.2 per cent to 38.2 per cent.
It said it was enjoying solid property fundamentals across its core investment portfolio, with occupancy increasing to 96 per cent and a weighted average lease expiry of 5.3 years.
It had $1.4 billion of development commitments across 42 projects and $1.8 billion of work in progress.Chief executive, Greg Goodman, said the company was well positioned in the current environment as a specialist provider of prime quality industrial and business space.
It is the largest industrial property group listed on the ASX and one of the world’s largest listed specialist fund managers of industrial property and business space.
No comments:
Post a Comment