Unitholders in Goodman Property Trust are unsecured equity investors. GMT was listed on the NZSX in 1999 and is externally managed by the ASX listed Goodman Group which also has a cornerstone Unitholding in the Trust. GMT is an externally managed, listed unit trust that invests in high quality industrial property.
It is an established business built around a modern portfolio, a wide customer base and a proven development capability. The Manager of the Trust is the ASX listed Goodman Group, which also holds a 21% cornerstone Unitholding in the Trust. The balance of the register is predominantly local retail and institutional investors.
GMT was listed on the NZX Main Board in 1999 and has a market capitalisation of around $2.2 billion at 31 March 2019. It is one of the NZX’s largest listed issuers and is included in the leading NZX50 index.
It also has an investment grade credit rating of “BBB” from Standard & Poor’s.