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Goodman Group – Algo Buy

Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

FY20 NPAT was up 12.5% to A$1,060.2mn, and the company is guiding to 9% EPS growth in FY21.

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Relative to its A-REIT peers, GMG is trading on an elevated earnings multiple, however, this is not the case when compared to its global peers.

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