Full Year 2019 Goodman Group Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Goodman Group full year results. (Operator Instructions) I'd now like to hand the conference over to your first speaker today, Gregory Goodman. Thank you. Please go ahead.
Good morning and welcome to our full year results for FY '19. Nick is with me on the call.
Firstly, turning to Slide 5. Structural changes are continuing to impact our industry. Urbanization, rising consumerism are driving the evolution, and automation of supply chains are required to keep up with consumer expectations. The Goodman portfolio is being deliberately concentrated in consumer-focused locations, and these trends have had a positive impact on Goodman's financial year '19 results.
We generated an operating profit of $942 million; statutory profit of over $1.6 billion; and operating earnings per share, up 10.5%. The NTA is up 15% to $5.34. We're paying a distribution of $0.30 per security for the year, all while maintaining low gearing
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