GNZ
GNZ.NZXMarket Data
$2.050
+0.0%$3.1B
12.7x
$0.161
3.31%
Latest Earnings
Goodman NZ reports $248.0 million profit after tax
26 May 2026
Goodman NZ (GNZ) delivered a strong FY26 result with statutory profit after tax of $248.0 million, up 126.3% on FY25, driven primarily by a $111.2 million uplift in fair value of investment properties. Operating earnings after tax grew a more modest 2.1% to $127.6 million, while cash earnings per security rose 5.7% to 7.98 cents, in line with guidance. Looking ahead, GNZ guides to approximately 5% cash earnings growth in FY27 with distributions of 7.17 cents per security, a 5% increase. Key points: Statutory profit after tax of $248.0 million, up 126.3% on FY25, driven by $111.2 million investment property fair value uplift; Operating earnings before tax grew 3.6% to $159.8 million, with a new fee revenue stream from the Highbrook Partnership contributing to diversified income; Cash earnings per security grew 5.7% to 7.98 cents, in line with guidance; full year distributions up 5.0% to 6.825 cents per security
Recent Announcements
D and O disclosure - multiple
Three directors of Goodman Property Services (NZ) Limited disclosed changes to their relevant interests in June 2026: CEO James Spence's Goodman NZ Performance Rights decreased from 1,871,098 to 888,437 units due to lapsing rights and internalisation arrangements (receiving $1,397,133 cash) while acquiring 48,780 GNZ ordinary shares; CFO Andrew Eakin's Performance Rights decreased from 609,557 to 257,666 units (receiving $542,853 cash); and General Counsel Anton Shead's Performance Rights decreased from 462,418 to 195,469 units (receiving $411,815 cash), all relating to performance hurdles not being achieved and Goodman Group internalisation arrangements.
D & O disclosure - Steipo Jurkovich
Director Steipo Jurkovich of Goodman Property Services (NZ) Limited acquired 20,453 ordinary shares on 27 May 2026 for $40,025.00 through on-market purchase, with shares to be registered under Sharesies Nominee Limited.
GNZ FY26 fourth quarter dividend
Goodman New Zealand Limited (GNZL) announced a fourth quarter FY26 cash dividend of $0.0170625 per share with no imputation credits, payable on 18 June 2026 to shareholders with a record date of 11 June 2026; Goodman Property Services (NZ) Limited will not pay a dividend for the quarter.
Goodman NZ reports $248.0 million profit after tax
Goodman NZ (GNZ) delivered a strong FY26 result with statutory profit after tax of $248.0 million, up 126.3% on FY25, driven primarily by a $111.2 million uplift in fair value of investment properties. Operating earnings after tax grew a more modest 2.1% to $127.6 million, while cash earnings per security rose 5.7% to 7.98 cents, in line with guidance. Looking ahead, GNZ guides to approximately 5% cash earnings growth in FY27 with distributions of 7.17 cents per security, a 5% increase. Key points: Statutory profit after tax of $248.0 million, up 126.3% on FY25, driven by $111.2 million investment property fair value uplift; Operating earnings before tax grew 3.6% to $159.8 million, with a new fee revenue stream from the Highbrook Partnership contributing to diversified income; Cash earnings per security grew 5.7% to 7.98 cents, in line with guidance; full year distributions up 5.0% to 6.825 cents per security
Full Year Results - 26 May 2026
Upcoming full year results expected 26 May 2026 (from NZX schedule)
GNZ annual results details
Goodman NZ (GNZ) has issued a preliminary notice advising that its full-year financial results for the year ended 31 March 2026 will be released on 26 May 2026. This announcement contains no financial figures or performance data. A live webcast presentation is scheduled for 10:30 am on the results date. Key points: Full-year results for FY2026 (year ended 31 March 2026) scheduled for release on 26 May 2026; Live webcast of results presentation available at 10:30 am on results day; GNZ holds an investment grade credit rating of BBB from S&P Global Ratings
GNZ credit rating
Goodman NZ (GNZ) has received an investment grade credit rating of BBB/stable from S&P Global Ratings, with its senior secured debt facilities and bonds rated one notch higher at BBB+.
SPH Notice - Goodman Group
Goodman Group changed substantial holding from 15.80% to 16.14%.
D & O initial disclosure - multiple
Multiple directors and senior managers of Goodman Property Services (NZ) Limited (GNZ) made initial disclosure of their relevant interests in ordinary shares and performance rights upon the company's listing on 7 April 2026, including holdings by Chair John Dakin (2.7M shares), CEO James Spence (2.6M performance rights), and other executives.
GNZ – Waivers and Rulings from Various Listing Rules
NZX Regulation Limited granted Goodman New Zealand Limited (GNZL) and Goodman Property Services (NZ) Limited (GPS) multiple waivers and rulings from NZX Listing Rules to facilitate their listing as a 'Stapled Group' with a unified board structure, treating them as a single economic entity for regulatory purposes while maintaining separate legal entities.
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