Goodman Gears Down Development Machine; FVE Cut 7% to NZD 1.24.
Goodman Property Trust reported first-half fiscal 2017 operating earnings (pretax) of NZD 4.7 cents per unit putting the firm on track to hit full-year earnings guidance of NZD 9.5 cents per unit, and distributions of at least NZD 6.65 cents per unit. We remain positively disposed to Goodman’s portfolio, with the multiyear purge of lower-quality assets supporting high occupancy and sustained rent growth.Notwithstanding, we took away two negatives which we see as pointing to a softer outlook for...
Goodman Property Trust is engaged in investment in real estate in New Zealand.
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