By David Winning

SYDNEY--Industrial property owner Goodman Group expects its development workbook to continue to rise through the remainder of the fiscal year, as it reaffirmed guidance for an annual operating profit of 1.2 billion Australian dollars (US$934 million).

Goodman said its development work in progress totaled A$9.6 billion at the end of March, which concluded the third quarter of the 2021 fiscal year.

"Our team continues to find additional sites for future production, and we are working with planning authorities on the highest utilization and regeneration of existing land and buildings held across the business," the company said. "This is supporting future development work and reducing our impact on the environment."

Goodman said it continues to expect growth in earnings per share of 12% in fiscal 2021 compared to a year earlier, and a full-year distribution of A$0.30 per security.

Write to David Winning at david.winning@wsj.com

(END) Dow Jones Newswires

05-06-21 1850ET