Goodman trust's underlying annual result up 5.4%

Thu, 13 May 2021

Goodman Property Trust's manager said net profit more than doubled because of property revaluations but the underlying result was up a more sedate 5.4%.Cash earnings per unit rose 2.9% to 6.4 cents – the trust raised $175 million in new equity in September and October 2019.Net profit for the year ended March was $648.9m, including $560m of property valuation gains, compared with $231.7m the previous year."Strong cashflow growth, driven by ongoing leasing success, and continued development progress have supported significant portf...

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