Goodman Property Trust (GMT.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$1.895
Dividend Yield
0.036%
Annual yield
Market Cap
3B
Total value
P/E Ratio
27.9
Price to earnings
Dividend Information
Annual Rate
0.07
Per share annually
Last Dividend
0.02
10/03/2026
Ex-Dividend
11/03/2026
Next ex-date
Payout Ratio
-16.25
Of earnings
Years Paying
20
Consecutive
5Y Avg Yield
2.7
Historical avg
Stock Analysis Summary
01-04-2026
Goodman Property Trust (GMT.NZ) is a New Zealand Stock Exchange-listed real estate investment trust (REIT) that offers investors a reliable source of dividend income. As of the latest data, Goodman Property Trust provides a dividend yield of approximately 3.5%, with a five-year range typically fluctuating between 3% and 4%. The trust pays dividends quarterly, demonstrating a stable and consistent payout history, which is appealing to income-focused investors. The payout ratio for Goodman Property Trust is around 80%, which is considered sustainable for a REIT, as these entities are required to distribute a significant portion of their earnings as dividends. Recently, the trust has maintained steady dividend growth, reflecting its strong financial health and management's commitment to shareholder returns. Compared to sector averages, Goodman Property Trust offers a competitive yield, aligning well with income investor expectations. With its reliable yield and consistent payouts, is Goodman Property Trust a retiree-friendly dividend stock for those seeking stable income?
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Dividend Growth History
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Goodman Property Trust Dividend History
GMT dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 11/03/2026 | 19/03/2026 | 0.0171 | N/A | 1.96 | 1.96 |
| 03/12/2025 | 11/12/2025 | 0.0171 | N/A | 2.03 | 2.03 |
| 10/09/2025 | 18/09/2025 | 0.0171 | 5% | 2.05 | 2.05 |
| 05/06/2025 | 19/06/2025 | 0.0163 | N/A | ||
| 12/03/2025 | 20/03/2025 | 0.0163 | N/A | 1.95 | 1.95 |
| 27/11/2024 | 12/12/2024 | 0.0163 | N/A | 2.09 | 2.09 |
| 04/09/2024 | N/A | 0.0163 | 4.84% | 2.07 | 2.09 |
| 04/06/2024 | N/A | 0.0155 | N/A | 2.12 | 2.15 |
| 04/03/2024 | N/A | 0.0155 | N/A | 2.1 | 2.15 |
| 29/11/2023 | N/A | 0.0155 | N/A | 2.02 | 2.09 |
| 18/09/2023 | N/A | 0.0155 | 5.08% | 2.02 | 2.1 |
| 24/05/2023 | N/A | 0.0148 | N/A | 2.09 | 2.19 |
| 08/03/2023 | N/A | 0.0148 | N/A | 1.97 | 2.07 |
| 30/11/2022 | N/A | 0.0148 | N/A | 1.96 | 2.08 |
| 07/09/2022 | N/A | 0.0148 | 7.27% | 2.02 | 2.16 |
| 25/05/2022 | N/A | 0.0138 | N/A | 1.91 | 2.05 |
| 02/03/2022 | N/A | 0.0138 | N/A | 2.19 | 2.38 |
| 01/12/2021 | N/A | 0.0138 | N/A | 2.29 | 2.49 |
| 01/09/2021 | N/A | 0.0138 | 3.77% | 2.36 | 2.59 |
| 25/05/2021 | N/A | 0.0133 | N/A | 2.04 | 2.24 |
| 03/03/2021 | N/A | 0.0133 | N/A | 1.99 | 2.2 |
| 04/12/2020 | N/A | 0.0133 | N/A | 2.14 | 2.38 |
| 02/09/2020 | N/A | 0.0133 | -20.30% | 2.07 | 2.32 |
| 10/06/2020 | N/A | 0.0166 | -0.03% | 1.93 | 2.17 |
| 04/03/2020 | N/A | 0.0166 | N/A | 2.05 | 2.33 |
| 27/11/2019 | N/A | 0.0166 | N/A | 1.85 | 2.11 |
| 04/09/2019 | N/A | 0.0166 | N/A | 1.89 | 2.17 |
| 05/06/2019 | N/A | 0.0166 | 0.03% | 1.58 | 1.83 |
| 06/03/2019 | N/A | 0.0166 | N/A | 1.43 | 1.67 |
| 28/11/2018 | N/A | 0.0166 | N/A | 1.27 | 1.5 |
| 05/09/2018 | N/A | 0.0166 | -0.03% | 1.25 | 1.5 |
| 11/06/2018 | N/A | 0.0166 | N/A | 1.18 | 1.43 |
| 07/03/2018 | N/A | 0.0166 | N/A | 1.09 | 1.34 |
| 29/11/2017 | N/A | 0.0166 | N/A | 1.1 | 1.36 |
| 06/09/2017 | N/A | 0.0166 | N/A | 1.01 | 1.26 |
| 07/06/2017 | N/A | 0.0166 | N/A | 0.98 | 1.25 |
| 08/03/2017 | N/A | 0.0166 | N/A | 0.97 | 1.25 |
| 30/11/2016 | N/A | 0.0166 | N/A | 0.93 | 1.22 |
| 07/09/2016 | N/A | 0.0166 | N/A | 1.04 | 1.38 |
| 08/06/2016 | N/A | 0.0166 | N/A | 1 | 1.34 |
| 01/03/2016 | N/A | 0.0166 | N/A | 0.92 | 1.25 |
| 01/12/2015 | N/A | 0.0166 | 0.03% | 0.91 | 1.25 |
| 08/09/2015 | N/A | 0.0166 | 3.07% | 0.84 | 1.17 |
| 02/06/2015 | N/A | 0.0161 | N/A | 0.84 | 1.18 |
| 03/03/2015 | N/A | 0.0161 | 0.03% | 0.83 | 1.18 |
| 02/12/2014 | N/A | 0.0161 | N/A | 0.76 | 1.11 |
| 02/09/2014 | N/A | 0.0161 | 3.20% | 0.75 | 1.11 |
| 03/06/2014 | N/A | 0.0156 | N/A | 0.71 | 1.06 |
| 04/03/2014 | N/A | 0.0156 | N/A | 0.63 | 0.96 |
| 04/12/2013 | N/A | 0.0156 | 5665.68% | 0.65 | 1 |
| 10/09/2013 | N/A | 0.0003 | -98.27% | 0.66 | 1.03 |
| 09/09/2013 | N/A | 0.0156 | N/A | 0.65 | 1.02 |
| 11/06/2013 | N/A | 0.0156 | 1718.98% | 0.68 | 1.06 |
| 05/03/2013 | N/A | 0.0009 | 11.85% | 0.65 | 1.03 |
| 26/11/2012 | N/A | 0.0008 | -10.18% | 0.64 | 1.02 |
| 17/09/2012 | N/A | 0.0009 | 1.66% | 0.64 | 1.02 |
| 12/06/2012 | N/A | 0.0008 | -94.62% | 0.63 | 1 |
| 11/06/2012 | N/A | 0.0156 | N/A | 0.61 | 1 |
| 06/03/2012 | N/A | 0.0156 | 1882.87% | 0.64 | 1.01 |
| 29/11/2011 | N/A | 0.0008 | -94.96% | 0.61 | 0.98 |
| 28/11/2011 | N/A | 0.0156 | 1305.13% | 0.59 | 0.99 |
| 06/09/2011 | N/A | 0.0011 | 467.35% | 0.61 | 0.99 |
| 05/09/2011 | N/A | 0.0002 | -98.99% | 0.59 | 0.98 |
| 07/06/2011 | N/A | 0.0194 | N/A | 0.59 | 0.95 |
| 08/03/2011 | N/A | 0.0194 | N/A | 0.56 | 0.92 |
| 30/11/2010 | N/A | 0.0194 | N/A | 0.57 | 0.96 |
| 14/09/2010 | N/A | 0.0194 | -8.94% | 0.56 | 0.96 |
| 11/06/2010 | N/A | 0.0213 | -4.46% | 0.52 | 0.92 |
| 05/03/2010 | N/A | 0.0222 | 4.67% | 0.56 | 1.01 |
| 04/12/2009 | N/A | 0.0213 | -3.50% | 0.56 | 1.03 |
| 04/09/2009 | N/A | 0.022 | -11.17% | 0.5 | 0.94 |
| 05/06/2009 | N/A | 0.0248 | N/A | 0.44 | 0.85 |
| 20/03/2009 | N/A | 0.0248 | N/A | 0.42 | 0.84 |
| 05/12/2008 | N/A | 0.0248 | -3.28% | 0.67 | 1.37 |
| 05/09/2008 | N/A | 0.0256 | 1.10% | 0.54 | 1.12 |
| 30/05/2008 | N/A | 0.0254 | 4.97% | 0.63 | 1.34 |
| 29/02/2008 | N/A | 0.0242 | -2.42% | 0.61 | 1.33 |
| 26/11/2007 | N/A | 0.0248 | N/A | 0.66 | 1.47 |
| 01/10/2007 | N/A | 0.0248 | N/A | 0.68 | 1.53 |
| 10/08/2007 | N/A | 0.0248 | -1% | 0.62 | 1.43 |
| 05/06/2007 | N/A | 0.025 | N/A | 0.62 | 1.45 |
| 05/03/2007 | N/A | 0.025 | N/A | 0.6 | 1.42 |
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Investment Analysis: Goodman Property Trust
Dividend Payment Analysis
Goodman Property Trust (GMT.NZ) operates in the Real Estate sector and offers investors a low dividend yield of 0.04% based on current market prices. For New Zealand income investors, this translates to approximately $0.0700per share annually.
Dividend Sustainability Analysis
A critical factor for dividend investors is the sustainability of payments. Goodman Property Trustcurrently maintains a payout ratio of not available, which is considered strong coverage.
Dividend Yield Context
A 0.04% yield is below the market average, which may suit growth-focused investors who value capital appreciation over immediate income. Always compare yields within the same sector for meaningful context.
Valuation Perspective for Dividend Investors
Beyond dividend metrics, valuation matters. Goodman Property Trust trades at a P/E ratio of 27.9x, which is premium by historical standards. Dividend investors often seek a combination of reasonable valuation and sustainable yield rather than chasing the highest yield alone.
Key Considerations Before Investing
Imputation Credits
As a New Zealand company, Goodman Property Trust may attach imputation credits to dividends, effectively providing NZ tax-resident shareholders with a tax credit for company tax already paid. Check the latest dividend notices for specific imputation credit percentages.
Total Return Perspective
While dividend yield is important, total return (dividends plus capital appreciation) matters more over the long term. Historical share price performance should be evaluated alongside dividend payments to assess the complete investment picture.
Sector-Specific Risks
Real Estate sector companies face unique industry dynamics. Research sector trends, regulatory changes, and competitive positioning before making investment decisions. Some investors study multiple sectors when researching dividend portfolios.
Important Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Past dividend payments do not guarantee future payments. Share prices and dividends can fall as well as rise. Always conduct your own research or consult a licensed financial adviser before making investment decisions. Data accuracy cannot be guaranteed and should be verified with official company sources.
Frequently Asked Questions
What is Goodman Property Trust's current dividend yield?
Goodman Property Trust (GMT.NZ) currently has a dividend yield of 0.04% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.070) by the current share price ($N/A).
When does Goodman Property Trust pay dividends?
Based on historical data, Goodman Property Trust typically pays dividends semi-annually. The most recent ex-dividend date was 11/03/2026with a payment of $0.0171 per share. The payment date was 19/03/2026. Dividend payment schedules are subject to board approval and may change.
Does Goodman Property Trust offer imputation credits?
Goodman Property Trust is a New Zealand company listed on the NZX. NZ companies can attach imputation credits to dividends, which represent company tax already paid. These credits may affect your tax position — consult a tax professional. Check the latest dividend notice on the NZX or the company's investor relations page for specific imputation credit amounts attached to each dividend payment.
How long has Goodman Property Trust been paying dividends?
Our database shows Goodman Property Trust has 41 consecutive years of dividend payments. This historical track record is informational only and does not guarantee future dividend payments or amounts.
Where can I find Goodman Property Trust's official dividend announcements?
Official dividend announcements for Goodman Property Trust are published on the NZX market announcements platform and typically on the company's investor relations website. These official sources provide the most accurate and up-to-date information about dividend amounts, dates, and imputation credits.
Key Dividend Considerations for Goodman Property Trust
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Goodman Property Trust as of 22/05/2026:
Dividend Consistency
Goodman Property Trust has made 41 consecutive years of dividend payments based on our records, with a total of 82 payments tracked.
Dividend Growth Pattern
Over the tracked period, Goodman Property Trust's dividends have remained relatively stable:
Based on comparison of consecutive dividend payments. Historical data does not predict future performance.
Yield Context
| Metric | Value |
|---|---|
| Current Yield | 0.04% |
| 5-Year Average Yield | 0.04% |
| Real Estate Sector Average | 6.00% |
Yields are calculated based on current market prices and historical dividend payments. Future yields may differ.
Financial Sustainability Indicators
- Payout Ratio:N/A
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:N/Ax
- Higher coverage ratios may suggest more room to maintain dividends, though this is not guaranteed
Educational Note: These metrics provide historical context for dividend investors. They represent past performance and current market data. Dividend sustainability depends on many factors including company earnings, cash flow, debt levels, and business conditions. This information does not constitute a prediction of future dividend payments or investment advice.
Related Real Estate Stocks
Compare dividend yields across Real Estate sector companies
Investors interested in Real Estate dividend stocks often compare yields, payout ratios, and dividend growth across multiple companies. Below are 6 related NZX-listed stocks from the same sector, ranked by dividend yield. Past dividend history does not guarantee future payments. Compare yields, payout ratios, and fundamentals across companies.
SPG.NZ
Stride Property Group
Div. Yield
7.02%
Price
$1.14
PCT.NZ
Precinct Properties NZ Ltd & Precinct Properties Investments Ltd
Div. Yield
6.65%
Price
$1.04
ARG.NZ
Argosy Property Limited
Div. Yield
6.43%
Price
$1.045
IPL.NZ
Investore Property Limited
Div. Yield
6.28%
Price
$1.045
KPG.NZ
Kiwi Property Group Limited
Div. Yield
6.15%
Price
$0.93
VHP.NZ
Vital Healthcare Property Trust
Div. Yield
5.54%
Price
$1.81