This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
Goodman Property
Directory
| NZX code: | GMT |
| Short name: | Goodman Property Trust |
| Legal name: | Goodman Property Trust Limited |
| Industry sector: | Real Estate investment |
| NZX50 rank: | 16 of 50 |
| Head office address: | KPMG Centre, Level 2, 18 Viaduct Harbour Avenue, Auckland, 1010 |
| Chairman: | Keith Smith |
| Chief executive: | John Dakin |
| Financial year ended: | March |
| Locations: | New Zealand |
| Auditor: | Pwc |
| Bankers: | Commonwealth Bank of Aus, Westpac NZ, ANZ, BNZ, HSBC |
Goodman Property Trust
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Financial statement history
A. Recent trading and performance summary:
| Property revenue |
NPAT | Earnings per share |
|
| fye Mar | mln | mln | cents |
| 2018 | $160 | $194 | 15.1 |
| 2019 | $155 | $320 | 24.7 |
| 2020 | $172 | $262 | 19.5 |
| 2021 | $182 | $632 | 45.4 |
| 2022 | $188 | $749 | 53.6 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye Mar | bln | bln | % |
| 2018 | $2.72 | $0.93 | 65.8 |
| 2019 | $2.72 | $0.67 | 75.4 |
| 2020 | $3.17 | $0.77 | 75.7 |
| 2021 | $3.83 | $0.86 | 77.5 |
| 2022 | $4.81 | $1.16 | 75.9 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye Mar | mln | mln | mln |
| 2018 | $135.4 | $131.6 | $4.7 |
| 2019 | $333.0 | $334.6 | $3.1 |
| 2020 | $182.0 | $176.1 | $9.0 |
| 2021 | $151.7 | $157.7 | $3.0 |
| 2022 | $314.4 | $313.8 | $3.6 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye March | cents | annual avg | dollars | annual avg % |
| 2018 | 15.1 | 8.8 | 1.39 | N/A |
| 2019 | 24.7 | 7.0 | 1.57 | N/A |
| 2020 | 19.5 | 11.0 | 1.73 | N/A |
| 2021 | 45.4 | 5.0 | 2.13 | N/A |
| 2022 | 53.6 | 4.4 | 2.61 | N/A |
Description of trading activities
Goodman Property Trust is New Zealand's largest listed property investor by market capitalisation. The manager of the trust is the ASX listed Goodman Group, which holds a 21% cornerstone Unitholding in the trust. Goodman Proprety investments have an investment grade rating of 'BBB' from Standard & Poor's
CEO profile
John Dakin has been the CEO of Goodman Property for the last 17 years. Prior to this, he held senior roles in the UK, Australia and NZ. He has experience in the fields of asset management, investment management and property research and valuation.
Chairman profile
Keith Smith is the Chairman of Goodman Proprety Trust and was previously a partner in the Chartered accountancy practice of BDO. He is also the deputy Chairman of The Warehouse Group Limited. Additoinally, he is a director of Mercury NZ and Sky Network Television Limited. He was the past president of the Chartered Accountants Australia New Zealand.
Links:
| Company website: | https://nz.goodman.com/ |
| Investor information: | https://nz.goodman.com/investor-centre/investor-faq |
| NZX listing: | https://www.nzx.com/companies/GMT |
| Annual reports: | https://nz.goodman.com/investor-centre/annual-and-interim-reports |