GMT Credit Rating Reaffirmed

CREDIT

Mon, Sep 05 2022 12:49 pm

Goodman (NZ) Limited, the Manager of GMT is pleased to advise that the Trust’s investment grade credit rating of BBB/stable has been reaffirmed by Standard & Poor’s.

The Trust’s senior secured debt facilities, including its bonds, are rated one notch higher at BBB+.

For further information, please contact:
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(021) 305 316

About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $3.1 billion, ranking it in the top 20 of all listed investment vehicles. The Trust is New Zealand’s leading warehouse and logistics space provider. It has a substantial property portfolio, with a value of $4.8 billion at 31 March 2022. The Trust also holds an investment grade credit rating of BBB from S&P Global Ratings.

The Manager of the Trust is Goodman (NZ) Limited, a subsidiary of the ASX listed Goodman Group. Goodman Group is a A$73.0 billion specialist global manager of warehouse and logistics real estate.