Australia's Goodman set for biggest weekly drop since March on weak outlook

Shares of Australia's Goodman Group have fallen 6.6% to A$30.840 this week, marking its largest weekly drop since March. The data center landlord anticipates a 9% growth in FY26 operating EPS, down from 9.8% in FY25. Development activity is expected to be concentrated in H2 FY26, potentially affecting earnings timing. The core logistics business faces challenges, with subdued industrial project commencements. Goodman Group's stock has recently increased by 0.5%, reducing year-to-date losses to 13.4%.