Goodman Property Trust is considering the property market gets better, but anticipates the impacts of higher interest costs and inferior property evaluations to strike proceeds of this year.

The organization posted an after-tax loss of $NZ7 million, $A5.6 million, for the year ended March 31 owing to a delayed tax charge, a development on the preceding year's net loss of $NZ74.1, $A59.30m.

Profit before tax of $NZ12.5m, $A10.00, as contrasted with a loss of $NZ83.7, $A66.98m, the preceding year, mostly owing to a minor portfolio depression in 2010.

Net property profits increased by 2.4 per cent to $NZ106.2, $A84.98m, as finished development projects and rental growth counterbalance two asset sales, realizing $53.3m and a minute decrease in tenancy.

Trust Chief Executive, John Dakin stated that bearing in mind the setting and the truth that for the last 12 months NZ exhausted most of it in economic depression; the trust seems to be quite happy that 96 per cent of the space that it got is occupied.

Amplified interest costs, the loss of rent after the asset sales and inferior development, all were anticipated to add to a decline in 2011 operating proceeds, to between 8.6c and 8.8c for each unit.