New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Goodman Property Trust / Equity Bottom-Up

<ul><li>Goodman Property Trust (GMT) provided a draft revaluation update which saw the value of its property portfolio reduce by -5% over 2H24.</li><li>The decrease in portfolio value was primarily driven by a +40 bps increase in portfolio cap rates in 2H24 (+80 bps since FY23), and was partially offset by modest market rental growth.</li><li>This revaluation update comes earlier than normal for GMT which typically releases its full year valuations mid-to-late March. </li></ul>

Goodman Property Trust (GMT) provided a draft revaluation update which saw the value of its property portfolio reduce by -5% over 2H24.The decrease in portfolio value was primarily driven by a +40 bps increase in portfolio cap rates in 2H24 (+80 bps since FY23), and was partially offset by modest market rental growth.This revaluation update comes earlier than normal for GMT which typically releases its full year valuations mid-to-late March. 

Goodman Property Trust - Going Early on Revaluations