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GMT credit rating reaffirmed

01/12/2024, 21:26 Coordinated Universal Time, CREDIT

Goodman Property Services (NZ) Limited, the Manager of GMT, is pleased to advise that the Trust’s investment grade credit rating of BBB/stable has been reaffirmed by S&P Global Ratings. The Trust’s senior secured debt facilities, including its bonds, are rated one notch higher at BBB+. For further information, please contact: James Spence Chief Executive Officer Goodman Property Services (NZ) Limited (021) 538 934 About Goodman Property Trust: GMT is a managed investment scheme, listed on the NZX. It has a market capitalisation of around $3.2 billion, ranking it in the top 15 of all listed investment entities. The Trust is New Zealand’s leading warehouse and logistics space provider. It has a substantial property portfolio, with a value of $4.6 billion at 30 September 2024. The Trust also holds an investment grade credit rating of BBB from S&P Global Ratings.