2357 GMT - Economic and trade uncertainty may have scotched hopes of an earnings upgrade from industrial property owner Goodman, but Citi sees a silver lining. Goodman keeps guidance for FY 2025 operating EPS growth of 9% unchanged. That's short of consensus expectations of around 10%, albeit with some weeks left in the fiscal year. CEO Greg Goodman says customer demand across the company's industrial portfolio is being influenced by trade uncertainty and its impact on global growth. Citi analyst Howard Penny notes that customers pausing on decisions has resulted in developers slowing activity. For Goodman that's allowing it to take advantage of lower competition on key sites, Citi says. It retains a buy call on Goodman. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 27, 2025 19:57 ET (23:57 GMT)
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