Property Group Goodman (ASX:GMG) has seen a statutory accounting profit of $1.1 billion for the 12 months through to June 30, up from $778.1 million a year earlier.
This includes property valuations, derivative and foreign currency mark-to-market and other non-cash or non-recurring items
They’ve seen operating profit of $845.9 million, up 9 per cent on FY17.
EBITDA is $948.7 million up from last year’s $906.5 million.
Warehouse space and logistics operations close to major cities are increasingly in demand as more consumers buy products online.
Shares in Goodman Group (ASX:GMG) closed 0.5 per cent lower to $10.05 yesterday