World-Beating REIT’s Rally May Extend on AI Data Center Demand
- Goodman Group shares up 40% year to date, outpacing peers
- Sydney-based REIT is ‘absolutely going higher’: Tribeca’s Liu
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Bullish investors are betting the peer-beating rally in Australia’s Goodman Group has further to run as its prime locations and ample financial resources continue to fuel its lucrative push into data centers for artificial intelligence.
Shares of Goodman have rallied 40% so far this year, making it the top performer on the Bloomberg World REIT Index. The firm has a portfolio of properties in sought-after locations, from its base in Sydney to Hong Kong, Los Angeles and Frankfurt. It’s been working to convert some from warehouses to data storage space.