GLP Global Footprint and Financial Highlights
Brazil Portfolio
Leading Position in the Market
GLP
Portfolio Snapshot
■ 91% in São Paulo and Rio de Janeiro
Lease ratio maintain at 89%
Long WALE of 5.4 years
■ YTD FY17 Same-property NOI growth up 4.9% yoy
■ Effective rent on renewal leases down 10.3%
(cash basis: -7.7%)
Revenue yield compression of 29 bps to 10.5%
Lease ratios (%) and Rental (BRL/sqm/mth)
Brazil Portfolio
Dec 31, 2016
Sep 30, 2016
Total Valuation
US$2,357 million
5.4 years
US$2,295 million
5.5 years
89%
89%
92
90
WALE
Lease ratio
No. of completed prop.
Completed prop. ('m sqm)
2.7
2.6
Country NAV1
US$670 million
US$599 million
Brazil Portfolio (sqm mil)
98%
96%
97%
25.0
92%
89%
89%
89%
100%
3.6
3.6
3.6
3.6
3.6
0.6
0.6
0.6
0.8
0.6
20.0
80%
0.3
0.2
0.5
0.5
0.3
15.0
60%
21.9
22.2
22.8
22.8
10.0
20.4
40%
16.8
17.8
2.6
2.5
2.5
2.6
2.7
5.0
20%
0%
3QFY16
4QFY16
1QFY17
FY2013 FY2014 FY2015 FY2016 1QFY17 2QFY17 3QFY17
Land Held for Future Development
Note:
1.
Country NAV refers to GLP share of the consolidated net asset value of the entities
2QFY17
Properties Held Under Development or Being Repositioned
Completed Properties
3QFY17
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