Goodman's assets are relatively new, with most containing attractive on-site facilities.
Following minor compositional changes to our forecasts to account for the issuance of NZD 100 million of 5.5 year senior secured “Goodman+Bonds†at 5.2% cost, we have increased confidence in our medium-term earnings forecasts with Goodman Property Trust recently adding NZD 11 million to the NZD 149 million of development projects under way at end September 2017. Our fair value estimate is unchanged at NZD 1.35. At current levels, no-moat-rated Goodman currently screens as fairly valued.Presentl...
Goodman Property Trust is engaged in investment in real estate in New Zealand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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