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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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Goodman Property Trust

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GMT capitalisation
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GMT rank in NZX50
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GMT share price
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GMT % change to capitalisation
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GMT $mln change to capitalisation
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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
2023 $214 ($135.4) 53.6

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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
2023 $4.85 $1.41 71.0

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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
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
2023 $249.6 $246.6 $6.6

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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
2023 (0.097) 0.0 2.45 3.10

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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 Property investments have an investment grade rating of 'BBB' from Standard & Poor's

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CEO Profile

James Spence was appointed as the CEO of Goodman Property Trust on the 1st of January, 2023. Spence has over 17 years of experience in the corporate, property, and fund management sectors. Spence was based in different locations within Europe, before coming back to New Zealand. Before being appointed as CEO of Goodman Property Trust (GMT), Spence was the Director of Investment Management, which meant his role was to oversee the investment decisions of GMT. Spence holds a Property degree which he received from the University of Auckland, as well as a Graduate diploma in Applied Finance from Kaplan Education in Australia.


Chairman Profile

John Dakin was appointed Chair of GMT on the 29th of May, 2023. Before Dakin was appointed Chair, he was a Goodman group executive and a non-executive director of the Goodman-NZ Limited Board. 


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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