GLP Global Footprint and Financial Highlights
3Q FY17 Country Highlights -
Core Earnings
Core
3Q
3Q
Earnings¹
1
Change
Highlights
FY17 FY16
(US$ Million)
China
108
76
32
42%
Japan
48
48
GLP
- Higher revaluation gains from NOI growth and development
63
(14)
-23%
Lower development completions
US
26
18
8
41%
Higher revaluation gains from NOI growth
Brazil
12
8
3
41%
- Higher revaluation gains from NOI growth
Corporate
(22)
(24)
3
11%
Total
172
141
31
22%
Note:
1.
Core earnings includes revaluation changes related to development profit (recurring part of GLP's earnings stream) and NOI growth. To enable comparability, core earnings adjusts for non-recurring
items such as revaluation changes related to cap rate and discount rate adjustments, foreign exchange gains/losses and gains/losses from dispositions. Please refer to page 11 of the 3Q FY17
supplemental for further information
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