GMT - Goodman Property Trust profile

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: 15 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

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Financial statement history
 

A. Recent trading and performance summary:

  Property
revenue
NPAT Dividend
per share
fye Mar mln mln cents
2016 $166 $233 18.7
2017 $166 $214 16.7
2018 $160 $194 15.1
2019 $155 $320 24.7
2020 $172 $262 19.5

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye Mar bln bln %
2016 $2.48 $0.94 62.1
2017 $2.46 $0.79 67.9
2018 $2.72 $0.93 65.8
2019 $2.72 $0.67 75.4
2020 $3.17 $0.77 75.7

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye Mar mln mln mln
2016 $113.3 $116.6 $1.1
2017 $197.3 $197.5 $0.9
2018 $135.4 $131.6 $4.7
2019 $333.0 $334.6 $3.1
2020 $182.0 $176.1 $9.0

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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

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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

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