Full Year 2022 Goodman Group Earnings Call Transcript

Aug 15, 2022 / 11:00PM GMT
Operator

Thank you all for standing by, and welcome to the Goodman Group FY '22 Full Year Results. (Operator Instructions) Please be advised that todays conference is being recorded.

And I'd now like to hand the conference over to your speaker, Mr. Greg Goodman, CEO. Thank you. Please go ahead.

Gregory Leith Goodman - Goodman Group - Group CEO & Director

Thank you. Good morning, and welcome, everybody. I have Nick Vrondas here this morning with me on the call.

Firstly, I'd like to begin by acknowledging the traditional owners of the land on which I'm presenting from today, the Gadigal People of the Eora Nation, and pay my respects to elders past and present.

Goodman has delivered a strong FY '22 result with operating profit of $1.5 billion, and operating earnings per security at $0.813, up 24% on the last financial year. Statutory profit was $3.4 billion, up 48%. This includes the group's share of $8.5 billion of valuation gains.

We continue to be prudent and patient with our capital. Gearing remains low at 8.5%, while the group

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