Report
Tony Sherlock
EUR 101.80 For Business Accounts Only

Goodman's assets are relatively new, with most containing attractive on-site facilities.

Goodman Property Trust has nearly fully closed the gap between our estimate of adjusted earnings and distributions. Fiscal 2017 adjusted earnings, which includes management fees paid via scrip, were NZD 6.48 cents per unit, or cpu, 3% below distributions of NZD 6.65 cpu. For some years, distributions were approximately 20% above adjusted earnings and it now looks like distributions will be fully covered going forward. The factors that contributed to distributions being fully covered are first, a...
Underlying
Goodman Property Trust

Goodman Property Trust is engaged in investment in real estate in New Zealand.

Provider
Morningstar
Morningstar

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.

Analysts
Tony Sherlock

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