Brief: Goodman Property Trust FY Statutory Profit NZ$284.4 Mln

Goodman New Zealand and Goodman Property Services

27/05/2020 22:23

May 28 (Reuters) - Goodman Property Trust  GMT.NZ :
    * FY STATUTORY PROFIT OF NZ$284.4 MILLION BEFORE TAX VERSUS
NZ$334.8 MILLION
    * ADOPTING TARGET PAYOUT RATIO OF BETWEEN 80% AND 90% OF
CASH
EARNINGS
    * FOR FY21 CASH EARNINGS TO BE MATERIALLY CONSISTENT WITH
LAST
YEAR
    * CASH DISTRIBUTIONS OF AT LEAST 5.3 NZ CENTS PER UNIT
EXPECTED TO
BE PAID IN FY21
    * FY REVENUE FROM CONTINUING OPERATIONS NZ$171.8 MILLION, UP
10.7%
    * RECEIVED 90% OF RENTAL DUE FOR APRIL & MAY

Source text for Eikon:  ID:nNZW6B3xBj 
Further company coverage:  GMT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))