Goodman Property lifts FY earnings 5.4% on revenue growth, cost clamp down

Tue, 19 May 2015

By Paul McBeth May 20 (BusinessDesk) - Goodman Property Trust, which has teamed up with Singapore government-owned GIC to develop the Auckland Viaduct Quarter, lifted annual earnings 5.4 percent as it reaped higher rental revenue while clamping down on costs. Distributable earnings after tax, which strip out movements in the value of its property portfolio, rose to $97.9 million in the 12 months ended March 31, from $92.9 million a year earlier, the trust's manager, Goodman (NZ), said in a statement. Net rental income rose 5.4 percent to...

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