GLP Global Footprint and Financial Highlights
1 Development
29% margin generated on YTD FY17 development
stabilizations
- US$53 million of development profit (pre-tax) for GLP recognized in
3QFY17
-
YTD met 91% of FY17 development profit target
Remain confident of meeting FY17 development targets
-
-
Met 68% of FY17 development completions target
Maintain strong investment discipline
Starting developments in markets where we see strong demand
China: Started US$294m of new developments in markets that have
average lease ratio of 89% and are facing limited new supply
GLPA
YTD 3QFY17
Development Profit
US$181 million
FY17E: US$200 million¹
YTD 3QFY17
Development Margin²
29%
FY17E: 25%
Development FY17 Target
FY17 Target
Starts
(100%)
(GLP Share)
% Met
(100%)
Development
Completions
FY17 Target
(100%)
FY17 Target
(GLP Share)
% Met
(100%)
China
US$1.4bn
US$610m
71%
China
US$1.2bn
US$590m
58%
Japan
US$640m
US$320m
24%
Japan
US$265m
US$195m
101%
Brazil
US$50m
US$20m
38%
Brazil
US$50m
US$20m
144%
Total
US$2.1bn
US$950m
56%
Total
US$1.5bn
US$805m
68%
Note:
1.
2.
Based on FY17 expected completions of approximately US$800 million (GLP share) and 25% target development profit margin upon stabilization
Based on development stabilizations for the period and reflects total development profit upon stabilization
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