Goodman Group reports total asset sales of $1.25bn in Q1 FY18

Company News

by Kathy Skantzos

Global property group Goodman Group (ASX:GMG) has recorded total assets under management (AUM) of $33.9 billion with $1.25 billion in asset sales during the first quarter for FY2018.

The company reported its occupancy increased to 98 per cent across its portfolio.

Through its leasing of 0.9 million square metres, the real estate company has recorded $116 million in annual property income.

Work in progress (WIP) maintained at $3.5 billion across 76 projects.

Half a billion dollars in developments has commenced this quarter and half a billion dollars worth of completions were also achieved.

Shares in Goodman Group (ASX:GMG) are trading 1.53 per cent higher to $8.63.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.