Goodman Property Trust (NS) Ordinary Units
GMT.NZXReal Estate
Goodman Property Trust (GMT) is a managed investment scheme and New Zealand’s leading warehouse and logistics space provider. With a $4.7 billion property portfolio (30 September 2023) it is a high-quality business built around a wide customer base and a proven development capability. An investment strategy focused on the Auckland urban logistics market provides the Trust’s 215+ customers with operationally efficient facilities close to consumers and key transport networks. Around 90% of the core investment portfolio has been developed since 2004. GMT’s commitment to a sustainable, low-carbon future is reflected in the carbonzero certification for its business operations from Toitū. The Trust’s development programme is also committed to carbon neutral projects and is targeting a 5 Green Star Built rating for all new developments. GMT was listed on the NZX Main Board in 1999 and has a market capitalisation of $3.2 billion (28 March 2024). It is one of the NZX's largest listed issuers and is included in the NZX20 index. It also has an investment grade credit rating of "BBB" from Standard & Poor's Global Ratings. The management of GMT was internalised on 28 March 2024. The ASX listed Goodman Group, holds a 31.8% cornerstone Unitholding in GMT. GMT Bond Issuer Limited (GMB), a wholly owned subsidiary of Goodman Property Trust, has made six public debt issues since 2009. The GMB040 Goodman+Bonds and GMB060 Green Bonds are yet to mature and are listed on the NZDX.
Latest Earnings
Special Meeting – Voting Result
31 March 2026
Goodman Property Trust (GMT) held a Special Meeting of Unitholders on 31 March 2026 to vote on transitioning to a corporatised and stapled structure. The Extraordinary Resolution passed overwhelmingly with 99.95% of votes in favour from 1,194,439,571 units voted. The Transaction is expected to complete on 7 April 2026. Key points: Extraordinary Resolution passed with 99.95% of votes in favour, reflecting near-unanimous unitholder support.; 1,194,439,571 units were voted, indicating strong unitholder participation.; Transaction to transition GMT to a corporatised and stapled structure expected to complete 7 April 2026.
Recent Announcements
Special Meeting – Voting Result
Goodman Property Trust (GMT) held a Special Meeting of Unitholders on 31 March 2026 to vote on transitioning to a corporatised and stapled structure. The Extraordinary Resolution passed overwhelmingly with 99.95% of votes in favour from 1,194,439,571 units voted. The Transaction is expected to complete on 7 April 2026. Key points: Extraordinary Resolution passed with 99.95% of votes in favour, reflecting near-unanimous unitholder support.; 1,194,439,571 units were voted, indicating strong unitholder participation.; Transaction to transition GMT to a corporatised and stapled structure expected to complete 7 April 2026.
GMT Special Meeting of Unitholders
Goodman Property Trust (GMT) held a special meeting of unitholders on March 31, 2026, to seek approval for an Extraordinary Resolution to corporatise GMT from a unit trust to a company structure and implement a stapled security arrangement, whereby unitholders would receive shares in two permanently linked companies (Goodman New Zealand Limited and Goodman Property Services (NZ) Limited) trading together as one security under ticker code 'GNZ', enabling the business to pursue active investment opportunities while retaining Portfolio Investment Entity (PIE) tax status for passive property investments.
GMT – Ticker changes for stapling
Goodman Property Trust (GMT) is corporatising and moving to a stapled structure, whereby Goodman New Zealand Limited shares will be stapled to Goodman Property Services (NZ) Limited shares; GMT unitholders will receive one Stapled Security for each unit on 7 April 2026, with the ticker changing to GNZ and trading halting from 30 March 2026.
Capital Change Notice - Unit buyback
Goodman Property Trust (GMT) acquired 249,455 units on 25 March 2026 at $1.9109 per unit as part of its on-market buyback programme announced on 17 February 2026; the acquired units will be cancelled, reducing total units on issue to 1,530,611,273.
Capital Change Notice - Unit buyback
Goodman Property Trust (GMT) acquired 475,000 units on 24 March 2026 at $1.9278 per unit as part of its on-market buyback programme announced on 17 February 2026; the units will be cancelled upon acquisition, reducing total units on issue.
Capital Change Notice - Unit buyback
Goodman Property Trust (GMT) acquired 220,000 units on 23 March 2026 at $1.9493 per unit as part of its on-market unit buyback programme announced on 17 February 2026; the acquired units will be cancelled, reducing total units on issue to 1,531,335,728.
Capital Change Notice - Unit buyback
Goodman Property Trust (GMT) acquired 454,898 units on 20 March 2026 at $1.9589 per unit under its on-market buyback programme announced on 17 February 2026; the acquired units will be cancelled, reducing total units on issue from 1,531,555,728.
Capital Change Notice - Unit buyback
Goodman Property Trust (GMT) acquired 525,000 units on 19 March 2026 at $1.9498 per unit under its on-market buyback programme announced on 17 February 2026; the acquired units will be cancelled, reducing total units on issue to 1,532,010,626.
OIO exemption granted
Goodman Property Trust (GMT) has received an exemption from the Overseas Investment Office (OIO) from the requirement for investors to obtain OIO consent under the Overseas Investment Act 2005 for the Trust's proposed transition to a corporatised and stapled structure. This exemption satisfies a key condition required to proceed with the Transaction.
GMT distribution payment
Goodman Property Trust (GMT) has paid its third quarter distribution for the year ending 31 March 2026 to unitholders on 19 March 2026, consisting of 1.70625 cents per unit in cash with no imputation credits attached.
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