Industrial property giant Goodman Group aims to cash in on the explosive growth of artificial intelligence and robots to help generate projected double-digit growth.
Industrial property giant Goodman Group aims to cash in on the explosive growth of artificial intelligence and robots to help generate its projected double-digit growth through the development of ultra-high-tech, mega-sized data centres.
Lou Pirenc, an analyst at Jarden, said the Goodman focus on infrastructure bodes well for the future. It has forecast 2024–25 operating earnings to be 117.2¢ per security, up 9 per cent on the 2024 fiscal year, with an annual distribution maintained at 30¢ per security. The proliferation of these bespoke climate-controlled centres has been fuelled by growth in data-hungry applications such as e-commerce, plus the introduction of new technologies such as 5G and the impact of COVID-19 on remote working.
“Located in supply constrained markets that are in high demand for cloud and AI-related deployments, the expansion of Goodman’s power bank is on land the group or partnerships own or control.”
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