Goodman Property says repositioning justifies flat payout
Arguably, Goodman sold the Wynyard assets at the top of the market but that will still dilute earnings in the short-term.
Jenny Ruth
Tue, 29 May 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The manager of Goodman Property Trust is forecasting that distributions in the current year will be flat at 6.65c a unit.
The payout has been at that same level for the past three years already, although between 2014 and 2016 the trust had been paying out more than its cash earnings.
In the
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Jenny Ruth
Tue, 29 May 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
