GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $3.0 billion, ranking it in the top 20 of all listed investment vehicles. The Trust is New Zealand’s leading warehouse and logistics space provider. It has a substantial property portfolio, with a value of $4.8 billion at 31 March 2023. The Trust also holds an investment grade credit rating of BBB from S&P Global Ratings. The Manager of the Trust is Goodman (NZ) Limited, a subsidiary of the ASX listed Goodman Group. Goodman Group is a A$80.7 billion specialist global manager of warehouse and logistics real estate.
Metrics to compare | GMT | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipGMTPeersSector | |
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P/E Ratio | −8.0x | 11.0x | 8.3x | |
PEG Ratio | 29.27 | 0.02 | 0.01 | |
Price/Book | 0.9x | 0.8x | 0.9x | |
Price / LTM Sales | 11.0x | 6.8x | 3.6x | |
Upside (Analyst Target) | 15.9% | 16.8% | 19.7% | |
Fair Value Upside | Unlock | −3.7% | 3.1% | Unlock |