Goodman's Q1 update may offer little new on data-center leasing, Jefferies says
Jefferies sees a low chance Goodman will announce fresh data-center leasing progress in its first-quarter update, according to Market Talk.
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what happened
Jefferies analysts see a low likelihood that Goodman will report meaningful progress in leasing its data-center pipeline when it updates the market on Wednesday. Analyst Andrew Dodds said the market would likely welcome heads of agreement being signed for the 50MW LAX01 project, as Market Talk reported.
In August, Goodman said it was in advanced negotiations with a hyperscale customer. Jefferies also expects the company to reiterate its guidance for operating EPS growth of 9% in FY27. The broker keeps its buy rating and A$30.35 per share price target, while the stock ended last week at A$27.00.
why it matters
Investors are watching how quickly talks at HK10 and AMS01 turn into signed contracts, since that helps gauge risk across the rest of the projects under construction. The story concerns a single company and is analyst commentary, so its impact on the broader market is limited.
tags
instruments
sources
- Goodman's 1Q Update Unlikely to Reveal Much Data-Center Leasing Progress — Market Talk, 1 November 2026 at 21:50 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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