Ceasing Coverage of Goodman Property Trust
We intend to cease coverage on no-moat Goodman Property Trust in July 2019. We periodically adjust our coverage as necessary based on stock outlook, client demand, and investor interest.With the New Zealand economy appearing to be on an upward trajectory, the outlook for market-based rents remains positive for the foreseeable future. We anticipate growth in earnings and distributions in the medium term, with high occupancy levels and rental increases, both fixed and linked to the consumer price...
Goodman Property Trust is engaged in investment in real estate in New Zealand.
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