Goodman Bull Says EPS Guidance 'a Floor, Not a Ceiling' -- Market Talk

Dow Jones

May 26

0054 GMT - Property owner Goodman disappointed investors expecting an FY 2026 earnings guidance upgrade today, but its bull at Citi thinks a beat could happen anyway. Goodman said it's on track to deliver at least 9% growth in operating EPS. "We view management's stance as deliberately conservative," says analyst Howard Penny. Citi points out that fair value gains underpinning performance fees and feasibility assumptions have been held at prudent levels. "Our view is that realized performance fees and continued development completions represent upside risk to EPS beyond the stated 9% target," Citi says. As development projects complete and market valuations crystallize, performance fees are likely to surprise positively, it says. Goodman is down 4.6% at A$28.66. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 25, 2026 20:54 ET (00:54 GMT)

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Goodman said it's on track to deliver at least 9% growth in operating EPS. \"We view management's stance as deliberately conservative,\" says analyst Howard Penny. Citi points out that fair value gains underpinning performance fees and feasibility assumptions have been held at prudent levels. \"Our view is that realized performance fees and continued development completions represent upside risk to EPS beyond the stated 9% target,\" Citi says. As development projects complete and market valuations crystallize, performance fees are likely to surprise positively, it says. Goodman is down 4.6% at A$28.66. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 25, 2026 20:54 ET (00:54 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goodman Bull Says EPS Guidance 'a Floor, Not a Ceiling' -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoodman Bull Says EPS Guidance 'a Floor, Not a Ceiling' -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-26 08:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0054 GMT - Property owner Goodman disappointed investors expecting an FY 2026 earnings guidance upgrade today, but its bull at Citi thinks a beat could happen anyway. Goodman said it's on track to deliver at least 9% growth in operating EPS. \"We view management's stance as deliberately conservative,\" says analyst Howard Penny. Citi points out that fair value gains underpinning performance fees and feasibility assumptions have been held at prudent levels. \"Our view is that realized performance fees and continued development completions represent upside risk to EPS beyond the stated 9% target,\" Citi says. As development projects complete and market valuations crystallize, performance fees are likely to surprise positively, it says. Goodman is down 4.6% at A$28.66. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 25, 2026 20:54 ET (00:54 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7099","symbol_name":"工业房地产投资信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2638566116","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2638566116","pubTimestamp":1779756840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0054 GMT - Property owner Goodman disappointed investors expecting an FY 2026 earnings guidance upgrade today, but its bull at Citi thinks a beat could happen anyway. Goodman said it's on track to deliver at least 9% growth in operating EPS. \"We view management's stance as deliberately conservative,\" says analyst Howard Penny. Citi points out that fair value gains underpinning performance fees and feasibility assumptions have been held at prudent levels. \"Our view is that realized performance fees and continued development completions represent upside risk to EPS beyond the stated 9% target,\" Citi says. As development projects complete and market valuations crystallize, performance fees are likely to surprise positively, it says. Goodman is down 4.6% at A$28.66. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7099":"工业房地产投资信托","BK7155":"工业房地产信托","GMG.AU":"GOODMAN GROUP","BK7510":"REITs概念"},"translate_title":"古德曼牛市表示每股收益指引是“下限，而不是上限”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GMG.AU":0.9},"content_text":"0054 GMT - Property owner Goodman disappointed investors expecting an FY 2026 earnings guidance upgrade today, but its bull at Citi thinks a beat could happen anyway. Goodman said it's on track to deliver at least 9% growth in operating EPS. \"We view management's stance as deliberately conservative,\" says analyst Howard Penny. Citi points out that fair value gains underpinning performance fees and feasibility assumptions have been held at prudent levels. \"Our view is that realized performance fees and continued development completions represent upside risk to EPS beyond the stated 9% target,\" Citi says. As development projects complete and market valuations crystallize, performance fees are likely to surprise positively, it says. Goodman is down 4.6% at A$28.66. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 25, 2026 20:54 ET (00:54 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}