Goodman Property Trust (NZX:GMT) Annual Report 2022



The latest annual report of Goodman Property Trust (GMT) was published on 31 Mar 2022. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - GMT Annual Results

Amounts in NZD

Total Revenue
187.8M
Gross Profit
141.2M
EBIT
122.3M
Net Tangible Assets
3.66B
Net Income
748.6M
Capital Expenditures
-

GMT Income Statement 2022 Annual Report

As per the latest Income Statement of GMT, the Net revenue increased by $5.80M (3%) compared to the previous period. The operating income in 2022 decreased by $-1.20M (-1%). The net income as per the annual report was 748.6M which increased by $116.90M (19%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 187.8M 182M
Gross Profit 141.2M 140.2M
Operating Income 122.3M 123.5M
Income Before Tax 763.8M 648.9M
Net Income 748.6M 631.7M

Balance Sheet - GMT 2022 Annual Report

Read further: GMT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Goodman Property Trust showed the company increased the cash on balance sheet by $600000 (20%). The Net tangible assets of GMT on the balance sheet were at 3.66B which is $688.20M (23%) more than previous annual report. The total stockholder equity also increased by $688.20M (23%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 3.6M 3M
Total Assets 4.81B 3.83B
Long Term Debt 919.6M 734M
Total Liabilities 1.16B 862.3M
Total Shareholder Equity 3.66B 2.97B
Net Tangible Assets 3.66B 2.97B

Cash Flow Statement - GMT 2022 Annual Report

The 2022 annual cash flow statement of Goodman Property Trust showed that the net income increased by $116.90M (19%) compared to previous reporting period. Also the capital expenditure of GMT increased by $NaN (NaN%).

As of 2022, the total cash from investing activities was -313.8M and total cash from financing activities was 223.6M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 748.6M 631.7M
Capital Expenditures - -
Dividends Paid -76.1M -78.3M
Total Cash From From Investing Activities -313.8M -157.7M
Total Cash From From Financing Activities 223.6M 61.9M

Goodman Property Trust Annual Report History

Income Statement

Income Statement history of Goodman Property Trust (NZX:GMT)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 187.8M 182M 171.8M 156.8M
Cost Of Revenue 46.6M 41.8M 37.6M 28.4M
Gross Profit 141.2M 140.2M 134.2M 128.4M
Research Development - - - -
Selling General Administrative 3.2M 3M 2.6M 2.7M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 65.5M 58.5M 51.6M 48.3M
Operating Income 122.3M 123.5M 120.2M 108.5M
Total Other Income Expense Net 641.5M 525.4M 164.2M 226.3M
Ebit 122.3M 123.5M 120.2M 108.5M
Interest Expense -20M -22.5M -22.6M -20.9M
Income Before Tax 763.8M 648.9M 284.4M 334.8M
Income Tax Expense 15.2M 17.2M 22.5M 15.3M
Minority Interest - - - -
Net Income From Continuing Ops 748.6M 631.7M 261.9M 319.5M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 748.6M 631.7M 261.9M 319.5M
Net Income Applicable To Common Shares 748.6M 631.7M 261.9M 319.5M

Balance Sheet Statement

Balance Sheet Statement history of Goodman Property Trust (NZX:GMT)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 3.6M 3M 9M 3.1M
Net Receivables 4.2M 3.2M 3M 3.7M
Other Current Assets 1.3M 5.7M 5M 53.4M
Total Current Assets 9.6M 11.9M 18.6M 60.2M
Long Term Investments 30.4M 30.3M 75.1M 25M
Property Plant Equipment 4.77B 3.79B 3.07B 2.63B
Other Assets 1.1M - 700k 1.9M
Total Assets 4.81B 3.83B 3.17B 2.72B
Short Long Term Debt 100M - 100M -
Other Current Liab 28.1M 22.8M 25.7M 44.3M
Long Term Debt 919.6M 734M 539.1M 597.2M
Other Liab 36M 35.4M 31.9M 26.4M
Total Current Liabilities 138.6M 30.6M 135.2M 50.7M
Total Liab 1.16B 862.3M 766.3M 674.3M
Common Stock 1.63B 1.62B 1.6B 1.42B
Retained Earnings 2.01B 1.34B 785.7M 613.2M
Treasury Stock 15.7M 13.7M 11.4M 13.9M
Other Stockholder Equity 15.7M 13.7M 11.4M 13.9M
Total Stockholder Equity 3.66B 2.97B 2.4B 2.05B
Net Tangible Assets 3.66B 2.97B 2.4B 2.05B

Cash Flow Statement

Cash Flow Statement history of Goodman Property Trust (NZX:GMT)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 748.6M 631.7M 261.9M 319.5M
Change To Netincome -658.3M -542.6M -187.8M -237.4M
Change To Account Receivables -1M -600k 600k -300k
Change To Liabilities - - - -
Change To Operating Activities 1M 1.7M 1.2M -3M
Total Cash From Operating Activities 90.8M 89.8M 75.6M 79.2M
Total Cashflows From Investing Activities -313.8M -157.7M -176.1M 253.8M
Dividends Paid -76.1M -78.3M -89.4M -86M
Net Borrowings 286M 136M 13M -250M
Total Cash From Financing Activities 223.6M 61.9M 106.4M -334.6M
Change In Cash 600k -6M 5.9M -1.6M
Issuance Of Stock 13.7M 11.4M 185.9M 10.4M
Capital Expenditures - - - -