Real Estate

Goodman Group’s 1Q26 update reaffirmed earnings guidance and showed solid progress toward its >$17.5 billion development pipeline.

We maintain our Buy recommendation as industry optimism grows, driven by stronger investor interest and rising margins in the convenience retail sector.

SUM announced its 1H24 result with underlying profit of NZ$89.9m, at the top end of the guidance range (NZ$87-$90m).