If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Goodman New Zealand Ltd and Goodman Property Services Ltd is 0.80, which seems too high.
During the past 12 months, Goodman New Zealand and Goodman Property Services's average Dividends Per Share Growth Rate was 4.80% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 5.20% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 0.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -1.20% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Goodman New Zealand and Goodman Property Services was 59.90% per year. The lowest was -19.90% per year. And the median was 1.50% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Goodman New Zealand and Goodman Property Services (NZSE:GNZ) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
* 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.
Goodman New Zealand and Goodman Property Services Dividend Yield % Chart
Goodman New Zealand and Goodman Property Services Annual Data
NZSE:GNZ vs PLD, PSA, EXR: Dividend Yield % Comparison
For the REIT - Industrial subindustry, Goodman New Zealand and Goodman Property Services's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Goodman New Zealand and Goodman Property Services Dividend Yield % vs REITs Industry
Goodman New Zealand and Goodman Property Services Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Goodman New Zealand and Goodman Property Services Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
NZD 0.017063
2026-06-10
2026-06-11
2026-06-18
Cash Dividend
quarterly
NZD:NZD 1.000000
NZD 0.017063
2026-03-11
2026-03-12
2026-03-19
Cash Dividend
quarterly
NZD:NZD 1.000000
NZD 0.017063
2025-12-03
2025-12-04
2025-12-11
Cash Dividend
quarterly
NZD:NZD 1.000000
NZD 0.017063
2025-09-10
2025-09-11
2025-09-18
Cash Dividend
quarterly
NZD:NZD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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.
Goodman New Zealand and Goodman Property Services (NZSE:GNZ) has a Dividend Yield % of 3.25% as of Jun. 24, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is near median its historical median of 3.03. Over the past decade, Goodman New Zealand and Goodman Property Services' Dividend Yield % has ranged from 2.09 to 5.62. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #773 out of 874 companies in the REITs industry, placing it in the top 88.4%.
Is Goodman New Zealand and Goodman Property Services' Dividend Yield % too high?
Goodman New Zealand and Goodman Property Services' current Dividend Yield % of 3.25% is near median its 10-year median of 3.03. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 5.62. The REITs industry median Dividend Yield % is 6.76. Goodman New Zealand and Goodman Property Services' value of 3.25% is 51.9% below this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #773 out of 874 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' Dividend Yield % compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #773 out of 874 companies for Dividend Yield %. This places Goodman New Zealand and Goodman Property Services in the lower half of its industry. The industry median Dividend Yield % is 6.76. Goodman New Zealand and Goodman Property Services' value of 3.25% is 51.9% below this benchmark. Historically, Goodman New Zealand and Goodman Property Services' own Dividend Yield % has ranged from 2.09 to 5.62 over the past decade. While the company's 10-year median is 3.03 vs. the industry median of 6.76, Goodman New Zealand and Goodman Property Services has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a REITs company?
The median Dividend Yield % among REITs companies is 6.76, based on 874 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman New Zealand and Goodman Property Services's current Dividend Yield % of 3.25% is 51.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median Dividend Yield % is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman New Zealand and Goodman Property Services's current Dividend Yield % is 3.25%, which is near median its own 10-year median of 3.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman New Zealand and Goodman Property Services stock overvalued right now?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services (NZSE:GNZ) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$1.57, compared to a current price of NZ$2.08 — trading 32.5% above its estimated fair value. The current Dividend Yield % is 3.25%, which is near median its 10-year median of 3.03 and 51.9% below the REITs industry median of 6.76. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (NZSE:GNZ), the current Dividend Yield % is 3.25% as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Goodman New Zealand and Goodman Property Services (NZSE:GNZ) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued.
The current stock price of NZ$2.08 is trading 32.5% above its estimated GF Value™ of NZ$1.57.
GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.
Key valuation signals for NZSE:GNZ:
Dividend Yield %: 3.25% (near median its 10-year median of 3.03)
GF Value™: NZ$1.57 vs. price of NZ$2.08 (32.5% above fair value)
Industry Position: 51.9% below the REITs median (#773 of 874)
No single metric tells the full story. See the NZSE:GNZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman New Zealand and Goodman Property Services Business Description
Goodman New Zealand Ltd and Goodman Property Services Ltd, formerly known as 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 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.
79GF Score
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