Goodman shares hit 52-week low. Can this ASX 200 stock make a comeback?

The Goodman Group (ASX: GMG) share price is heading south on Monday, slipping to a fresh 52-week low.

At the time of writing, Goodman shares are down 1.26% to $25.18. Earlier in the session, the stock fell as low as $24.56, marking its lowest level since February 2023.

The decline means Goodman shares are now down around 19% in 2026.

Selling pressure pushes shares to multi-year lows

The recent move lower continues a clear downtrend that has been building over the past year.

Goodman shares have been making lower highs and lower lows, which is typically a sign that sellers remain in control. The break below the $25 level is notable, as this had previously acted as a support zone.

Momentum indicators also remain weak. The relative strength index (RSI) has been sitting in the lower range, suggesting limited buying interest. At the same time, the price is tracking near the lower Bollinger Band, reflecting sustained downward pressure rather than a short-term dip.

Unless the stock can reclaim previous support levels, the trend may remain under pressure in the near term.

Interest rates and property cycle remain key factors

One of the biggest influences on Goodman’s share price is the interest rate outlook.

As a global industrial property group, Goodman is exposed to funding costs and asset valuations. Higher interest rates can weigh on both, making future developments less attractive and compressing valuation multiples.

Recent market expectations indicate that rate cuts may take longer than previously hoped. This has weighed on real estate stocks across the sector, including Goodman.

There are also broader concerns around the property cycle. Slower development activity and more cautious capital deployment across the sector are likely to impact near-term earnings growth.

Long-term position still strong

Despite the recent weakness, Goodman’s core business remains unchanged.

The company continues to focus on logistics facilities and data centres across major global cities. These assets are tied to long-term trends such as e-commerce growth, supply chain modernisation, and rising demand for data infrastructure.

Data centres are now a significant part of Goodman’s development pipeline, reflecting strong demand from cloud providers and artificial intelligence workloads.

The company also benefits from high-quality locations and long-term customer relationships, which have previously supported occupancy and rental growth.

Foolish Takeaway

Goodman shares are clearly under pressure, with the stock now trading at multi-year lows and down around 19% this year.

In the short term, interest rates and market sentiment are likely to remain key drivers.

However, the company’s exposure to logistics and data infrastructure continues to support its longer-term outlook.

The post Goodman shares hit 52-week low. Can this ASX 200 stock make a comeback? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.