John Dakin, said, “The recent focus on balance sheet strengthening has ensured the Trust has maintained a conservative level of debt. Borrowings are expected to be approximately 36.0% of total property assets following the revaluation. This level is well within the 45% limit imposed by GMT’s banking covenants.” Greg Goodman, Chief Executive of Goodman Group and Director of GNZ, said: “GMT’s high quality property portfolio has a number of assets that are truly world class. It is a mature business that has a strong balance sheet and a proven business model. With its debt refinancing completed, and sufficient headroom in its banking covenants it remains a robust property business.”
GMG Price at posting:
29.5¢ Sentiment: None Disclosure: Held
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