Goodman Group vs Prologis
Prologis holds the stronger position, since its larger global logistics portfolio and revenue scale give it a wider lead in scale and pricing power across global logistics real estate than Goodman Group, assessed July 2026.
Goodman Group
Australian REIT building warehouses and, increasingly, data centres on owned power-connected land.
Dimension by dimension
| Dimension | Goodman Group | Prologis |
|---|---|---|
| Staying power of the core product | Goodman Group is rated hard to displace, running industrial and logistics property plus data centres across multiple countries. | Prologis is also rated hard to displace, with a global portfolio of warehouses and logistics real estate. |
| Exposure to AI | Goodman's product, physical property leasing and development, is unlikely to be absorbed by AI tools. | Prologis faces the same low exposure, since AI does not replace the need for physical warehouse space. |
| How easily a giant copies them | Goodman's position is blocked from easy copying, tied to its existing land holdings and development pipeline. | Prologis is equally blocked, given the scale of land and existing leases needed to replicate its footprint. |
| Depth of market position | Goodman's total portfolio was valued at A$85.6 billion as of June 2025, reflecting a strong but smaller global footprint. | Prologis's larger scale of holdings across global logistics real estate points to stronger pricing power in the sector, assessed July 2026. |
| Pressure from rivals | No meaningful customer loss shows up in the evidence for Goodman Group. | No meaningful customer loss shows up in the evidence for Prologis either. |
| Financial footing | Goodman posted FY2025 operating profit of A$2,311.2 million and operating EPS of 118.0 cents, with a total portfolio valued at A$85.6 billion as of June 2025. | Prologis reported Q2 2026 revenue of $2.43 billion, EPS of $1.13, and core FFO per share of $1.63. |
| Business mix | Goodman's one liner names industrial, logistics, and data centre property, giving it a foothold in an additional property category. | Prologis is described purely around industrial warehouses and logistics leasing, a narrower focus. |
Questions people ask
- Goodman Group vs Prologis which has the stronger position against AI?
- Both companies carry the same low AI exposure rating, since their core business is owning and leasing physical property rather than something AI tools can replace. Neither Goodman Group nor Prologis shows meaningful risk from AI absorbing their product.
- Which company has a bigger moat, Goodman Group or Prologis?
- Prologis scores a 9 on the moat scale compared to Goodman Group's 7, pointing to a larger global scale in logistics real estate. Both are still rated as blocked from easy copying by a larger competitor.
- Is Goodman Group or Prologis facing more competition from rivals?
- The evidence shows no meaningful customer loss for either company. Both Goodman Group and Prologis appear to hold their market positions without visible rival pressure.
- Does Goodman Group's data centre business make it a better bet than Prologis?
- Goodman Group's description includes data centre property alongside industrial and logistics assets, giving it a broader mix than Prologis, which focuses on industrial warehouses and logistics leasing. This broader mix is a difference in business focus, not a stated advantage in the numbers given.
- How do Goodman Group and Prologis compare financially?
- Goodman Group reported FY2025 operating profit of A$2,311.2 million on a portfolio valued at A$85.6 billion. Prologis reported Q2 2026 revenue of $2.43 billion and core FFO per share of $1.63. The figures cover different periods and currencies, so a direct side by side comparison is not available from the numbers given.