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Hot Topic EARNINGS
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
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Goodman Property Trust James Spence half-year results Property
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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. 
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Investment

Property devaluations largely over, says Vital Healthcare
Investment
1

Listed real estate hits the wall after $2.1b equity offers
Featured Listers 2024
2

Featured NBR Listers 2024: Goodman family
Investment

Goodman proposes $290m internalisation deal
Investment

Goodman: Industrial property’s fundamentals are ‘really strong’
Goodman back in the black
Investment,
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