New Zealand's Goodman Property Trust rises on $75.4 million buyback programme

Goodman New Zealand and Goodman Property Services

16/02/2026 23:17

** Shares of Goodman Property Trust GMT.NZ rise as much as 3.2% to NZ$1.920, their highest level since January 22

** Warehouse and logistics space provider announces on-market buyback programme to purchase a maximum aggregate of NZ$125 million ($75.39 million) of units in the trust

** "It is accretive to both net tangible assets per unit and cash earnings per unit and is expected to support ongoing sustainable distribution growth," said James Spence, chief executive officer at GMT

** Down 2.3% YTD

($1 = 1.6581 New Zealand dollars)

 (Reporting by Anjali Singh in Bengaluru; Editing by Lisa Shumaker)

 ((anjali.singh2@thomsonreuters.com;))