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) have announced FY23 draft revaluations for the 12-months to 31 March 2023.</li><li>The preliminary result is a -NZ$238m (-4.7%) reduction in the fair value of its property assets.</li><li>The FY23 revaluation outcome reflects +100bp cap rate expansion for GMT’s investment portfolio to 5.2%, with annual market rent growth of +19% reducing the impact of softening cap rates on valuations. </li></ul>

Goodman Property Trust (GMT) have announced FY23 draft revaluations for the 12-months to 31 March 2023.The preliminary result is a -NZ$238m (-4.7%) reduction in the fair value of its property assets.The FY23 revaluation outcome reflects +100bp cap rate expansion for GMT’s investment portfolio to 5.2%, with annual market rent growth of +19% reducing the impact of softening cap rates on valuations. 

Goodman Property Trust: FY23 Revaluation Update