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Goodman Property benefitting from demand for warehousing

Existing facilities are at capacity and it is investing $635m in new sites as customers seek more space.

Goodman Property’s half-year result is down on the year before.

Maria Slade Thu, 10 Nov 2022

Listed industrial property group Goodman Property Trust has reported a 92% drop in net profit for the first half of its 2023 year, thanks to a big upwards revaluation of its portfolio at the same time last year.

But a 7.4% lift in cash earnings to $49 million for the half demonstrated a resilient

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Contact the Writer: maria@nbr.co.nz
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Goodman Property benefitting from demand for warehousing
Property,
96542
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