GMT’s BBB Credit Rating Reaffirmed

Level 2, 18 Viaduct Harbour Avenue, Auckland | PO Box 90940, Victoria Street West, Auckland 1142
Tel +64 9 375 6060 | www.goodman.com/nz

nzx release+
GMT’s BBB Credit Rating Reaffirmed
Date 3 July 2018
Release Immediate
Goodman (NZ) Limited, the Manager of GMT is pleased to advise that the Trust’s
investment grade credit rating of BBB has been reaffirmed by Standard & Poor’s. The
Trust’s secured bonds, US private placement notes and bank debt are rated one notch
higher at BBB+.

GMT has maintained its stable investment grade credit rating since it was first assigned
in 2009.

For further information please contact:
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316

About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.9 billion, ranking it
in the top 20 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman
Group, Goodman Group is also the Trust’s largest investor with a cornerstone unitholding of 21%.
GMT is New Zealand’s leading industrial and business space provider. It has a substantial property portfolio, with a value
of $2.2 billion after recently contracted sales, which accommodates around 180 customers. The Trust holds an
investment grade credit rating of BBB from Standard & Poor’s.