GLP Global Footprint and Financial Highlights
US Portfolio
High Quality Portfolio with Embedded Growth Potential
GLP
Portfolio Snapshot
Healthy lease ratio of 94%
■ Retention ratio at 75%
Effective rent growth on renewal leases up 14.4%
(cash basis: +7.1%)
■ YTD FY17 Same-property NOI growth up 4.0%
yoy
Cap rate of 5.9%
Lease ratios 1 (%) and Rental 1,2 (US$/sqft/yr)
WALE
Lease ratio¹
No. of completed prop.
US Portfolio
Dec 31, 2016
Sep 30, 2016
Total Valuation
US$13,669 million
US$12,964 million
4.0 years
3.6 years
94%
94%
1,35
1,348
Completed prop. ('m sqm)
16.1
15.6
Country NAV³
US$945 million
US$640 million
US Portfolio (sqm mil)
92%
92%
95%
94%
94% 94%
94% 94%
16.1
16.0
16.0
100%
15.6
16.1
0.8
5.00
80%
5.4
5.4
5.4
5.4
5.3
4.50
60%
4.76
4.81
4.82
4.83
4.91
4.94
5.00 4.98
40%
10.7
10.6
10.6
4.00
10.2
10.0
20%
3.50
0%
4QFY15 1QFY16 2QFY16 3QFY16 4QFY16 1QFY17 2QFY17 3QFY17
3QFY16
4QFY16
USIPI
1QFY17
USIP II
2QFY17
3QFY17
USIP III
Note:
1.
Lease ratios and Rental are presented for all completed properties
2.
Rental is presented on Net Rent basis (base rent, exclude expense reimbursements)
3. Country NAV refers to GLP share of the consolidated net asset value of the entities
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