Goodman Trust looks to ride industrial tailwinds

Mon, 23 Nov 2020

The country’s biggest industrial landlord with $3.3 billion of Auckland warehousing and logistics properties has pushed its earnings guidance up to 6.3 cents per unit for the year, on the strength of a ‘resilient’ property sector and a retained occupancy rate of almost 100 percent.Goodman Property Trust, which saw operating or cash earnings after tax increase by 3.8 percent to 3.11 cents per unit for the six months to September 2020 on a year-on-year basis, said it had secured more than 94,000 sqm of space, or 8.8 percent of i...

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