Goodman Property Trust credit rating reaffirmed by S&P Global

Goodman Property Trust (GMT) announced S&P Global Ratings has reaffirmed its investment grade credit rating of BBB/stable. GMT's senior secured debt facilities, including its bonds, have been rated one notch higher at BBB+. This reaffirmation underscores the company's solid financial standing within the market.

GMT operates as a managed investment scheme listed on the NZX, with a market capitalization of approximately NZD 3.3 billion. This places it among the top 15 listed investment entities in New Zealand. The Trust manages a substantial portfolio valued at NZD 4.7 billion, primarily comprising extensive warehouse and logistics properties that serve over 200 customers.

The consistent investment grade rating of BBB from S&P Global Ratings for GMT, along with the upgraded rating for its senior secured debt, reflects the company's robust operational performance and disciplined financial management. For further inquiries, Andy Eakin, chief financial officer of Goodman Property Services (NZ) Limited, can be contacted.