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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Goodman back in the black

Recent property devaluations, which had negatively affected the company's bottom line over the past couple of years, have stabilised.

NBR Staff Wed, 13 Nov 2024
Key points
  • Total revenue: Up 12.8% to $134.8m.
  • Profit: Up 128% to $45.5m. 
  • Main takeaway: The company has benefitted from a stabilisation in recent property devaluations which has hit listed property companies. 

NZX-listed industrial property investor Goodman Property Trust is back in the black, as recent property devaluations have stabilised.  

The company posted a net profit of $45.5 million for the six months ended September, compared with a $163.2m loss in the same period the previous year.

The improved

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NBR Staff Wed, 13 Nov 2024
Contact the Writer: editor@nbr.co.nz
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Key points
  • Total revenue: Up 12.8% to $134.8m.
  • Profit: Up 128% to $45.5m. 
  • Main takeaway: The company has benefitted from a stabilisation in recent property devaluations which has hit listed property companies. 
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Goodman back in the black
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