PERFORMANCE
Delivering solid financial results is critical to Goodman's long-term sustainability; however, we measure our performance by our positive impact on stakeholders and the environment as well as by the numbers.
We discuss our progress on stakeholders and the environment in the 'people' and 'planet' sections of this report. Here we give a snapshot of the Group's operational performance.
For a thorough review of our financial performance, please see the Goodman Annual Report.
Scroll
Operational performance
The consistent implementation of our own+develop+manage strategy has delivered sustained growth across the Group for our stakeholders.
The portfolio continued to be the key driver of the strong operational result, with property fundamentals steadily improving in FY18.
OWN
MORE
High occupancy was maintained with tight supply in the urban and infill locations we operate in around the world.
OCCUPANCY
98%
MORE
New leases globally equated to $429 million in annual rental property income across the Group and Partnerships.
Square metres
3.5million
MORE
By focusing on high-quality properties in locations where supply is scarce, we increased our portfolio's value.
Revaluation gains
$2.8billion
DEVELOP
MORE
Our development workbook increased to 80 projects across 12 countries, with global demand driven by changes in technology.
Development WIP
$3.6billion
MORE
Two million sqm of developments commenced this year, with 71% on behalf of Partners or third parties.
DEVELOPMENT
COMMENCEMENTS
COMMENCEMENTS
$3.2billion
MORE
We completed 2.2 million sqm of developments around the world with 87% leased to customers.
Development
completions
completions
$3.5billion
MANAGE
MORE
External AUM grew 15% to $35.1 billion driven by revaluation gains and development completions.
Total assets under
management (AUM)
management (AUM)
$38.3billion
MORE
Continued strong performance of the Partnerships increased management earnings.
Average total return
of Partnerships
of Partnerships
15%
MORE
Partnerships increasingly focused on developing assets for long-term ownership.
NUMBER OF
PROPERTIES IN
PARTNERSHIPS
PROPERTIES IN
PARTNERSHIPS
343
