Investor FAQ | New Zealand
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Investor FAQs



How do I invest?

Goodman Property Trust is listed on the New Zealand Exchange (NZX), so you can buy units just like you would buy shares through your adviser, stockbroker or an online broker.


What is the Goodman Property Trust NZX code?



What is the Ex Distribution Date?

The Ex Distribution Date is the date on which Goodman Property Trust’s Units trade the current ex entitlement to distribution. Unitholders who are on the unit register immediately prior to the Ex Distribution Date are entitled to receive the distribution for that period. The Ex Distribution Date is one business day before the record date for that entitlement.


When are distributions paid?

Quarterly distributions for the periods ending 30 June, 30 September, 31 December and 31 March are paid within three months of the quarter end.


Why don’t you need my PIR rate and why doesn’t IRD include GMT distributions in its annual income tax summary

As a listed PIE (Portfolio Investment Entity) GMT is taxed at 28% and distribution payments are not required to be reported to the IRD. If a New Zealand resident individual investor, or New Zealand Resident Trustee has a resident withholding tax rate lower than 28% they may benefit from manually adding the fully imputed portion of these PIE distributions to their tax returns. Click here to read the guidance note provided by KPMG, Goodman’s tax advisors. If you have further questions, we recommend you seek specialist tax advice appropriate for you.


When have distributions been paid in the past?

Historical distributions.


Does Goodman Property Trust have a Distribution Reinvestment Plan (DRP)

Yes, Goodman Property Trust offers a DRP. However this is currently suspended.


How do I change my investment details, eg. name, address, method of payment?

To make changes to your investment details, written notice must be forwarded to the Unit Registrar, Computershare Investor Services Limited.


How do I obtain a prospectus for Goodman Property Trust?

As Goodman Property Trust is listed on the NZX, you do not need a prospectus to invest. You can simply buy or sell units in GMT by contacting your stockbroker or financial adviser.


What is the value of my Investment?

As the units of GMT are listed on the NZX, their value can change throughout the day. To calculate the value of your investment, simply multiply the number of units you hold by the current unit price. Your number of units can be found on your latest distribution statement or through the Unit Registrar and recent unit prices are available in most major metropolitan newspapers.


How do I have payment made directly to my bank or building society?

If you would like your distribution payments paid by direct credit into your New Zealand bank or financial institution account, please complete and sign the Direct Credit Form and mail it to the Unit Registrar. Please note that the account provided must be in the name of the registered Unitholder.



How do I contact the Unit Registrar?

The Unit Registrar is Computershare Investor Services Limited. The contact details are:

159 Hurstmere Road
New Zealand

Private Bag 92119
Auckland 1020
New Zealand

Telephone: 0800 359 999 (toll free within New Zealand) 
+64 9 488 8777 (outside New Zealand)
Facsimile: +64 9 488 8787
Email: [email protected]


How do I contact the Manager?

The Manager is Goodman New Zealand Limited and the details are: 

Level 2, KPMG Building
18 Viaduct Harbour Avenue
New Zealand

PO Box 90940
Victoria Street West
Auckland 1142
New Zealand

Telephone: +64 9 375 6060
Facsimile: +64 9 375 6061
Email: [email protected]



What is the difference between a dividend and a distribution?

Dividends are paid to shareholders by companies out of their profits. Distributions are paid to Unitholders by trusts, like the GMT. Distributions are usually made up of income, e.g. rental income.  


What is a property trust?

A property trust is an investment vehicle which pools the money of many investors so they can share in the returns of a wide spread of property investments. For example, Goodman Property Trust’s industrial portfolio has a book value of NZ$3.8 billion at 31 March 2021. When investors buy units in GMT, they are effectively acquiring a share of the ownership of these assets. The returns from these assets are largely comprised of the rental income paid by customers and are distributed to Unitholders. In the case of GMT, distributions are paid quarterly.


What does listed mean?

A trust is “listed” when its units are quoted (or listed) on a stock exchange. The units of GMT are listed on the NZX. As these units are actively traded each day, their value will rise and fall according to market conditions.


Is GMT a listed PIE?

Yes GMT is a listed PIE. Under the PIE regime, Unitholders benefit from the tax deductions of GMT and most Unitholders (including New Zealand resident individuals and New Zealand resident trustees) will have no further tax to pay on their distributions. A component of distributions is excluded income for tax purposes and the balance is imputed at the company tax rate of 28%.