HY26 · Released 20 November 2025
GMT PBT up 17% as balance sheet deleveraged sharply in HY26
Rental revenue growth and a ~$779m debt reduction reshape the balance sheet, but minimal tax and collapsed capex inflate the headline numbers.
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GMT · NZX
Goodman Property Trust
PropertyCovered: HY261 published briefing
Goodman Property Trust is an NZX-listed property company covered by Annolyse across HY26. This page brings together the latest briefing, the current metrics snapshot, and the published history to date in one place.
Table of Contents
Snapshot
Latest metrics
HY26, released 20 November 2025
| Metric | Value |
|---|---|
| Revenue | $144.5m |
| NPAT | $61.8m |
| Operating cash flow | $75.9m |
| Net debt | $167.0m |
| ROE % | 2.0% |
| DPS | 1.7c |
| Payout ratio vs NPAT % | 42.4% |
| PBT | $62.2m |
| FCF pre-lease | $72.7m |
| Total assets | $4063.1m |
Longitudinal view
Performance over time
Current-period values from each published briefing, with the most recent reporting period shown first.
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| Metric | HY266 MONTHS20 November 2025 |
|---|---|
| Revenue | $144.5m |
| Revenue growth % | 7.2% |
| PBT | $62.2m |
| PBT growth % | 17.1% |
| NPAT | $61.8m |
| NPAT growth % | 35.8% |
| Operating cash flow | $75.9m |
| FCF pre-lease | $72.7m |
| DPS | 1.7c |
| Payout ratio vs NPAT % | 42.4% |
| ROE % | 2.0% |
| Net debt | $167.0m |
| Total assets | $4063.1m |
Source: annolyse.ai/companies/gmt
Accountability
What changed versus the prior briefing
Read the prior briefing's expectations and unresolved questions alongside the subsequent result, without forcing long-form editorial text into narrow cards.
Expectations tracker
Once a second briefing exists for this company, this section will compare the previous briefing's expectations and unresolved issues with what actually happened in the next result.
Archive
Briefing archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
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