GLP Global Footprint and Financial Highlights
3Q FY17 Country Highlights -
Core Earnings Ex Reval
Core
Earnings¹
3Q
3Q
Ex Reval
FY17 FY16
Change
Highlights
(US$ million)
China
41
33
24%
-
Japan
40
34
6
16%
GLP
Rent growth and lease-up
Growth in fund management platform
US
11
23
23
(12)
-51%
3Q FY16: Contribution from second US portfolio acquired Nov
2015 (-US$13m)
Brazil
8
5
3
64%
Corporate
(22)
(24)
3
11%
Total
78
70
7
11%
Note:
1.
Core earnings includes revaluation changes related to development profit (recurring part of GLP's earnings stream) and NOI growth. To enable comparability, core earnings adjusts for non-recurring 35
items such as revaluation changes related to cap rate and discount rate adjustments, foreign exchange gains/losses and gains/losses from dispositions. Please refer to page 11 of the 3Q FY17
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