Goodman Property profit jumps 64.7% on valuation and development gains

Tue, 14 May 2019

By Jenny Ruth May 15 (BusinessDesk) - Goodman Property Trust lifted annual statutory net profit 64.7 percent, boosted by big valuation gains and as its manager sold assets and developed new ones to create a pure Auckland industrial property portfolio. Net profit attributable to unitholders rose to $319.5 million in the 12 months ended March from $194 million in the previous year. The result 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. Good...

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