Goodman said the loss, which compares to a net profit of $251 million in the prior financial year, was a result of property and equity investment revaluations.
The company's operating net profit fell 28 per cent to $408 million for the year ended 30 June 2009, down from $567 million in the prior financial year.
Goodman says it estimates operating net profit in 2009/10 will be $310 million and distributions per security will be 3.4 cents.
Goodman declared a distribution per security of 9.65 cents in 2008/09.
The company said it had retained its global business platform, which would be a significant benefit as markets show further signs of improvement.
"We believe that property fundamentals are holding up relatively well and early signs are emerging that market conditions are beginning to stabilise,'' Goodman said.
"Liquidity is returning to the market and capital markets conditions also appear to be easing.''
Genesco posts $2.7 million second quarter net lossMacquarie Airports books $25m loss
