GLP Global Footprint and Financial Highlights
China Portfolio
Continued Portfolio and Earnings Growth
GLP
Portfolio Snapshot
■ Retention ratio at 65%
■ YTD 3QFY17 Same-property NOI growth1
up 16.8% yoy
Effective rent growth on renewal leases¹ up
5.3% (cash basis: +2.5%)
Cap rates compression of 11 bps to 6.3%
Total valuation
WALE
China Portfolio
Sep 31, 2016
US$12,869 million
Sep 30, 2016
US$12,814 million
2.4 years
2.5 years
Lease ratio
87%
87%
No. of completed prop.
1,035
987
Completed prop. ('m sqm)
16.5
15.8
Country NAV1
US$5,021 million
US$5,106 million
Lease ratios (%) and Same-Property Rental
Rate Growth 2 (% vs Prior Year)
China Portfolio (sqm mil)
26.6
27.0
27.4
27.7
25.3
90%
91%
91%
100%
5.7
5.6
87%
86%
87%
87%
6.4
6.1
6.0%
90%
jQ
6.1
80%
5.7
5.9
5.0%
70%
5.7
52
5.3
5.7
4.0%
60%
50%
3.0%
5.4%
5.4%
40%
4.7%
4.9%
4.7%
4.7%
14.9
15.2
15.8
16.5
13.5
2.0%
4.3%
30%
20%
1.0%
10%
0.0%
0%
3QFY16
4QFY16
1QFY17
2QFY17
3QFY17
FY2013 FY2014 FY2015 FY2016 1QFY17 2QFY17 3QFY17
Land Held for Future Development
Note:
1.
2.
Properties Held Under Development or Being Repositioned
Completed Properties
To enable comparability, Same-property NOI growth, same property rental rate growth and effective rent growth on renewal leases exclude impact from VAT implementation
Country NAV refers to GLP share of the consolidated net asset value of the entities
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