Goodman Property Trust records first increase in portfolio value since 2008

Wed, 15 May 2013

May 15 (BusinessDesk) – Goodman Property Trust, which is managed by a unit of ASX-listed Goodman Group, recorded the first increase in the value of its portfolio since 2008, adding to accounting adjustments that contributed to a 92 percent jump in annual profit. The portfolio includes a revaluation gain of $4.2 million, following a devaluation of $19.5 million a year earlier. The value of the portfolio rose to about $2 billion, from $1.63 billion a year earlier, with acquisitions of $295.6 million making the biggest contribution to the increa...

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