GLP Global Footprint and Financial Highlights
Operations
-
Group: Solid Leasing Demand
Portfolio outperformance underpinned by rising
customer demand and favorable market conditions
China: Improvement in Leasing
- 87% lease ratio, stable qoq
Continued rent growth: up 5.3% on renewal leases
Retained 65% of customers
87% 87%
GLP
98% 97%
Lease Ratio
94%94%
92% 92%
89%
89%
China
Japan
US
Brazil
Grp
Group Operating Performance¹
3Q FY2017
2Q FY 2017
■2Q FY17 ■3Q FY17
New and Renewal Leases
3.3m sqm
3.3m sqm
YTD FY17 Same-property NO1³ Y-o-Y Change
Customer Retention
73%
73%
16.8%
Effective Rent Growth on Renewal 2,3
China
5.3%
6.3%
Japan
6.6%
4.5%
US
14.4%
19.6%
6.9%
4.9%
4.0%
1.2%
Brazil
-10.3%
-9.2%
China
Japan
US
Brazil
Group
Note:
1.
On GLP total owned and managed basis
10
2.
3.
Effective rents take into consideration rental levelling and subsidies. On a cash basis, rents on renewals increased 2.5% in China, 12.3% in Japan and 7.1% in US, while decreased 7.7% in Brazil
To enable comparability, effective rent growth on renewal and same-property NOI change exclude impact from VAT implementationView entire presentation