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How Goodman NZ makes money — FY2025
Revenue $277.9m · Net profit $109.6m (39.4% of revenue) · Balance date 31 March 2025
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2025 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $277.9m | Reported | |
| Operating costs incl. depreciation (net of other income) | −$82.1m | Derived * | Reported operating expenses $10.9m do not reconcile; not used. |
| Depreciation & amortisation | — | Not reported | |
| EBIT | $195.8m | Reported | |
| Interest (net finance costs) | −$64.9m | Reported | |
| Income tax | −$21.3m | Reported | |
| Other items (net gain) | +$0 | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $109.6m | Reported |
- * operating costs: $82.1m = Revenue − EBIT
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: Goodman Property Trust Annual Report (PDF, NZX)
Goodman NZ board of directors
7 current directors, 57% independent, average tenure 8.0 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| David Edward James Gibson | Chair | No | 2023 | 3.5 yrs | Audit Committee |
| Leonie Freeman | Independent Director | Yes | 2011 | 15.1 yrs | — |
| James Spence | Executive Director | No | 2023 | 3.9 yrs | — |
| John Dakin | Non-Independent Director | No | 2023 | 3.5 yrs | — |
| Steve Jurkovich | Independent Director | Yes | 2025 | 1.4 yrs | — |
| Gregory Leith Goodman | Independent Director | Yes | 2003 | 22.9 yrs | — |
| Laurissa Cooney | Independent Director | Yes | 2020 | 6.0 yrs | Audit Committee |
GNZ governance score breakdown
Goodman NZ scores 73/100 (Good) on the NZXplorer Governance Risk Score for FY2026, based on 68% data coverage. See the GRS methodology.
- Board structure
- 18/25
- Shareholder rights
- 15/15
- Executive remuneration
- 4/10
GNZ dividends
The most recent Goodman NZ dividend on record is 1.79 cents per share, for FY2027 (interim), paid 17 Sept 2026.
Goodman NZ largest shareholders
Top 10 registered holders of GNZ as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Goodman Funds Management Limited | 16.06% |
| 2 | Goodman Investment Holdings (NZ) Limited | 15.72% |
| 3 | HSBC Nominees (New Zealand) Limited | 6.27% |
| 4 | Accident Compensation Corporation | 6.05% |
| 5 | HSBC Nominees (New Zealand) Limited A/C State Street | 4.16% |
| 6 | BNP Paribas Nominees (NZ) Limited | 3.98% |
| 7 | Tea Custodians Limited Client Property Trust Account | 3.88% |
| 8 | Custodial Services Limited | 3.59% |
| 9 | FNZ Custodians Limited | 3.37% |
| 10 | JPMorgan Chase Bank NA NZ Branch -Segregated Clients Acct | 3.00% |
Recent GNZ NZX announcements
The 10 most recent filings by Goodman NZ to the NZX.
- GNZ interim results detailsHalf Year Results
- Capital Change Notice - Stapled Shares buybackShare Buyback
- Capital Change Notice - Stapled Shares buybackShare Buyback
- Capital Change Notice - Stapled Shares buybackShare Buyback
- Capital Change Notice - Stapled Shares buybackShare Buyback
- GNZ dividend paymentDividend
- Capital Change Notice - Stapled Shares buybackShare Buyback
- Capital Change Notice - Stapled Shares buybackShare Buyback
- Capital Change Notice - Stapled Shares buybackShare Buyback
- GNZ credit rating reaffirmedCredit Rating
Goodman NZ (GNZ) — frequently asked questions
What does Goodman NZ do?
Goodman Property Trust (NZX: GMT) is a New Zealand-listed industrial property trust that owns and operates a diversified portfolio of warehouse, logistics, and distribution facilities across New Zealand. The trust generates revenue from long-term contracted lease income and is managed by Goodman (NZ) Limited as part of the broader Goodman global property platform. GMT is a separate legal entity from Goodman Group (ASX: GMG), the Australian-listed industrial property group. Goodman NZ is listed on the NZX under the ticker GNZ, in the Real Estate sector.
What is the Goodman NZ (GNZ) share price?
Goodman NZ (NZX:GNZ) shares closed at $1.89 on 11 November 2026, down 1.05% on the previous close. At that price its market capitalisation was about $2.89 billion, based on 1,530,611,273 shares on issue.
Who are the directors of Goodman NZ?
Goodman NZ has 7 current directors: David Edward James Gibson (Chair), Leonie Freeman (Independent Director), James Spence (Executive Director), John Dakin (Non-Independent Director), Steve Jurkovich (Independent Director), Gregory Leith Goodman (Independent Director) and Laurissa Cooney (Independent Director). 4 of the 7 are recorded as independent (57%). Average board tenure is 8.0 years.
Who is the chair of Goodman NZ?
David Edward James Gibson chairs the Goodman NZ board, and has been a director since 2023.
Who is the CEO of Goodman NZ?
James Spence is the Chief Executive Officer of Goodman NZ.
What was Goodman NZ's most recent dividend?
The most recent Goodman NZ dividend on record is 1.79 cents per share for FY2027 (interim), paid 17 September 2026.
What is Goodman NZ's dividend yield?
Goodman NZ's trailing 12-month dividend yield is 3.66%, as at 11 November 2026. That is 6.91 cents per share of ordinary dividends with an ex-date in the 12 months to 12 November 2026, divided by the 11 November 2026 closing price of $1.89. Special dividends are excluded.
Who are the largest shareholders of Goodman NZ?
The largest registered holder of GNZ shares in the FY2025 top-20 register was Goodman Funds Management Limited, with 16.06%, followed by Goodman Investment Holdings (NZ) Limited (15.72%) and HSBC Nominees (New Zealand) Limited (6.27%). Custodians and nominees on the register hold shares on behalf of other investors.
What is Goodman NZ's governance score?
Goodman NZ has an NZXplorer Governance Risk Score of 73/100 (Good) for FY2026, based on 68% data coverage.
When was the last Goodman NZ annual meeting?
The most recent Goodman NZ annual meeting on record was held on 27 July 2026.
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