Goodman Group (ASX:GMG) saw a rise in its shares by as much as 4.8% to A$20.69, marking their highest levels since August 1.

The property manager reported a 17% growth in its FY23 operating profit, reaching A$1.78 billion.

Furthermore, the company predicted an operating EPS of 102.9 Au cents for FY24, showing a 9% increase from FY23.

Optimistic about the upcoming FY24, Goodman Group announced a final dividend of 15 Au cents per share for FY23.

The company’s stock value has experienced an upward growth of 13.8% year-to-date, as of the last close.

Goodman Group is a globally integrated property group focusing on owning, developing, and managing industrial real estate.