GLP Global Footprint and Financial Highlights
Notes to the Results Presentation
(cont'd)
Notes to Portfolio Assets under Management information
GLP
1. Completed Asset Value relates to carrying value of the completed properties, expected completed value of the properties under development and/or
targeted completed properties value based on approved investment plans which do not factor in any potential value creation. Any amounts
denominated in currencies other than USD are translated based on the exchange rate as of reporting date.
2. Total Area and Total valuation refer to GFA/GLA and valuation of properties in GLP Portfolio. These include completed and stabilized properties,
completed and pre-stabilized properties, other facilities, properties under development or being repositioned, and land held for future development but
exclude land reserves.
3. Effective Rent Growth on Renewal is calculated on the change in Effective Rent for renewed leases signed during the quarter as compared to prior
year. Effective Rent takes into consideration rental levelling and subsidies.
4. GLP Portfolio comprises all assets under management which includes all properties held by subsidiaries, joint ventures, associates and GLP J-REIT
on a 100% basis, but excludes Blogis and CMSTD, unless otherwise indicated.
5. Land held for future development refers to land which we have signed the land grant contract and/or we have land certificate, including non-core
land and properties occupied by Air China and the Government or its related entities, that GLP doesn't wish to own and will sell. The total area is
computed based on estimated buildable area.
6. Unless otherwise stated, Lease ratios and Rental relate to stabilized portfolio. Lease ratios and Rentals for China are presented for stabilized logistics
portfolio. Lease ratios and Rentals for US portfolio are presented for all completed properties. Rental for US portfolio refers to net rent (base rent,
excludes expense reimbursements).
7. Lease profile by End-user Industry analysis includes contracted leases for completed logistics properties and pre-leases for logistics properties
under development as at reporting date.
8. New and Renewal Leases include logistic facilities, light industry, industrial and container yards and pre-leases signed by customers.
9. Properties under development or being repositioned consists of four sub-categories of properties: (i) properties that we have commenced
development; (ii) logistics facilities that are being converted from bonded logistics facilities to non-bonded logistics facilities; (iii) logistics facilities which
are undergoing more than 3 months of major renovation; (iv) logistics facilities which will be upgraded into a different use.
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