Goodman sees profit

COMMERCIAL and industry property group Goodman has reaffirmed its full-year operating earnings forecast for the year to next June.

The company expects a 6 per cent lift in earnings per security to 45.7c amid continued demand for high-quality industrial real estate.

Increased consumerism, the rise of e-commerce and supply chain efficiencies should help drive the demand, it says.

Goodman also says it pursued initiatives during the three months to September – including issuing bonds – to cut the cost of its funding and “provide financial flexibility”.

Those initiatives would “position the company favourably for the long term”, it said.

Shares in Goodman closed up 2.6 per cent at $8.72.