Goodman Property Trust Investor Glossary

A

Definition
AUM

Assets under management: total value of properties directly held or under management (used synonymously with FUM or funds under management).
B

Definition
Brownfield site

A site held for redevelopment but with existing building improvements.
Business Day

The meaning given to that term in the Listing Rules.
D

Definition
Direct investments

Assets held directly, such as property, stocks and bonds purchased directly through brokers and other intermediaries.
Distribution yield

The annual distribution expressed as a percentage of the unit price.
Dividend yield

The annual dividend expressed as a percentage of the security price.
DPS

Distribution per security: Total distributions to investors divided by the number of securities outstanding.
E

Definition
EBIT

Earnings before interest and tax.
EPS

Earnings per security. Total earnings divided by the number of securities outstanding.
Ex-distribution

Units traded after this date will not qualify for the forthcoming distribution.
F

Definition
Funds management

The management of third-party property funds.
G

Definition
Gearing

The level of a company’s borrowings relative to its assets.
GIT

Goodman Industrial Trust (ARSN 091 213 839) and its controlled entities (formerly Macquarie Goodman Industrial Trust or MGI).
GL

Goodman Limited (ABN 69 000 123 071) and its controlled entities.
GMT

Goodman Property Trust (formerly Macquarie Goodman Property Trust or MGP): a listed property trust on the New Zealand Exchange managed by GMG.
Goodman Group or GMG

Goodman International Limited and Goodman Industrial Trust, trading as Goodman Group (formerly Macquarie Goodman Group or MGQ).
Greenfield site

A site that has no building improvements and is being held for future development.
H

Definition
Hedging

Reducing exposure to risk of loss resulting from fluctuations in exchange rates, commodity prices, interest rates, etc.
L

Definition
LPTs

Listed property trusts: collective investments which pool investors’ money. REITs are more tax efficient than listed property shares as rental income and the proceeds from the disposal of investment properties are exempt from corporation and capital gains tax.
M

Definition
Managed funds

Listed or unlisted property funds managed on behalf of institutional and retail investors.
Market capitalisation

The unit price multiplied by the number of units on issue.
N

Definition
NAV

Net asset value: The value of the total assets less liabilities. Liabilities for this purpose include both current and long-term liabilities. To calculate the net asset value per ordinary security, divide the net asset value by the number of securities on issue.
NLA

Net lettable area.
NTA

Net tangible assets: the value of gross assets less all debts and other liabilities, divided by the number of units on issue expressed as a dollar value.
NZX

New Zealand Exchange Limited or New Zealand Exchange being the equity security market operated by it, as the case requires.
P

Definition
Premium

The amount by which the market price per security of an investment trust or company exceeds the NAV or NTA per security. The premium is normally expressed as a percentage of the NAV or NTA value per security.
R

Definition
Record Date

The day GMT’s unit register is closed for the purpose of determining a Unitholder’s entitlement to the distribution for the relevant period.
Return on assets

A measure of a company’s profitability, equal to a fiscal year’s earnings divided by its total assets, expressed as a percentage.
Return on capital

A measure of how effectively a company uses the money (borrowed or owned) invested in its operations.
S

Definition
Speculative development

A development that commences with no customer pre-commitment.
Sqm

Square metres.
W

Definition
WACC

Weighted average cost of capital: an average representing the expected return on all of a company’s securities.
WALE

Weighted average lease expiry: of an asset or a portfolio of assets.

Choose your region

Group+

Americas+

Asia Pacific+

Europe+

Glossary