BUZZ-Upside catalysts on tap for Australia's Goodman next year, Citi says

Reuters12-11

** Citi says fiscal 2026 will be a period for both capital raising and lease negotiation for property giant Goodman Group GMG.AX, with risks on the upside that a catalyst will be announced before its interim results in February next year

** Says catalysts underpinned by underlying investor demand for data centre developments, tenant demand for capacity and timing of co's development project pipeline

** Adds, Citi data shows hiring activity across co's data centre development has been strong

** We see solid earnings growth from Goodman’s earnings streams from development as well as property management, development and performance fees from project partners — Citi

** Brokerage rates the stock "buy", target price A$40

** Stock down 17.8% so far this year, as of last close

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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