Goodman (NZ) Limited, the Manager of GMT is pleased to advise that the Trust’s investment grade credit rating of BBB/stable has been reaffirmed by Standard & Poor’s.
The Trust’s bond programme and senior secured debt facilities are rated one notch higher at BBB+.
About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $2.5 billion, ranking it in the top 20 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman Group, Goodman Group is also the Trust’s largest investor with a cornerstone unitholding of 21.6%.
GMT is New Zealand’s leading industrial space provider. It has a substantial property portfolio, with a value of $2.6 billion. The Trust holds an investment grade credit rating of BBB from Standard & Poor’s.