Goodman NZ collects first performance fee in 10 years

Wed, 15 May 2019

By Jenny Ruth May 16 (BusinessDesk) - Goodman Property Trust’s manager is pocketing an $8.6 million performance fee for the year ended March, the first time Goodman NZ has earned a performance fee in 10 years. That suggests the trust has performed particularly well for investors and it’s hard to see anybody being disappointed by a 64.7 percent increase in annual net profit to $319.5 million. That included a record $201.9 million increase in the value of its properties to $2.6 billion, up from an $83.8 million increase the previous year...

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