Auckland Industrial Market to Firm Further, Benefiting Goodman. FVE Increases 9% to NZD 1.70
Goodman Property Trust reported fiscal 2019 operating earnings before tax and performance fees of NZD 110.2 million, down on the NZD 119.1 million in the prior year. The NZD 9 million drop in earnings is inconsequential arising from the loss of rental income following the sale of Goodman’s interest in the Viaduct precinct and other smaller assets. Distributions for the year of NZD 6.65 cents per unit represented 95% of cash earnings of NZD 6.95 cpu. However, distributions were 107% of adjusted c...Goodman Property Trust is engaged in investment in real estate in New Zealand.
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