Companies / GMG

GOODMAN GROUP

ASX:GMGEquity Real Estate Investment Trusts (REITs)
2.05B shares on issueASX (delayed) · snapshot 11 Sept 20262.11B fully diluted+2.7% if every option and right converts$27.16price · delayed$55.81Bmarket cap · indicative

Today’s holders own 97.4% of what they think they own, once every option and right converts.

Low
Dilution risk

2 cash raises in 24 months; share count grew 8% in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)7.5%
Raise cadence (24m)2 cash raises
Options & rights overhang2.7% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

GOODMAN GROUP's ordinary share count grew 7.5% between August 2024 and August 2026, reaching 2.05B shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$4.4B, most recently a A$400.0M Security Purchase Plan in February 2025. Options and rights on issue could convert into 55M new shares, representing 2.7% of the current share count. No filing on record states an expiry date for these securities, and none are currently in the money. The company does not lodge quarterly cash reports, so no quarterly cash balance or funding-runway figure is disclosed on that basis. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 1 Sept 2026
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2.7%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.05B per ASX (delayed) (snapshot 11 Sept 2026).
1.95B2.00B2.05BDec 24Oct 25Sept 26Cash raise · 19 Feb 2025Cash raise · 18 Feb 20252.05B

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
30 Aug 20262A · quoted issueGMG : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES2.05BAppendix 2A
24 Aug 20263H · cancellationGMG : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES2.04BAppendix 3H
13 July 20263H · cancellationGMG : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES2.04BAppendix 3H
13 Apr 20263H · cancellationGMG : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES2.04BAppendix 3H
9 Jan 20263H · cancellationGMG : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES2.04BAppendix 3H
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24 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 0 in the last 12 months

every 0 monthsaverage gap between raises
18.7 monthssince the most recent
18 Feb 202519 Feb 2025first to most recent in this window
$400.0M
Security Purchase Plan
19 Feb 2025
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2 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

2.7%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
55.0M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 55.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
GMGAMPerformance rightsCondition-triggered55.0MFiling Meeting

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
1 Sept 2026Anthony RozicOther incentive165k3Y notice
1 Sept 2026Danny PeetersOther149k3Y notice
1 Sept 2026Greg GoodmanOther341k3Y notice
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29 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.