Goodman Property Trust (NZSE:GMT) Long-Term Capital Lease Obligation : NZ$0.0 Mil (As of Sep. 2023)

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What is Goodman Property Trust Long-Term Capital Lease Obligation?

Goodman Property Trust's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$0.0 Mil.

Goodman Property Trust's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (NZ$0.0 Mil) to Mar. 2023 (NZ$62.6 Mil) but then declined from Mar. 2023 (NZ$62.6 Mil) to Sep. 2023 (NZ$0.0 Mil).

Goodman Property Trust's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (NZ$62.3 Mil) to Mar. 2022 (NZ$62.7 Mil) but then declined from Mar. 2022 (NZ$62.7 Mil) to Mar. 2023 (NZ$62.6 Mil).

Goodman Property Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Goodman Property Trust's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Goodman Property Trust Long-Term Capital Lease Obligation Chart

Goodman Property Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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60.10

62.30

62.70

62.60

Goodman Property Trust Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	62.70	-	62.60	-

Goodman Property Trust (NZSE:GMT) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Goodman Property Trust (NZSE:GMT) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Goodman Property Trust (NZSE:GMT) » Definitions » Long-Term Capital Lease Obligation

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Address

The Hayesbery, 1-11 Hayes Road, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Property Trust is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment strategy is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.

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