GLP Global Footprint and Financial Highlights
3Q FY17 Highlights
Solid Financial Results
GLP
■ 3Q FY17 Core Earnings (PATMI) up 22% to US$172m
■
Recurring income from operations and fund management continue to grow consistently
■ Balance sheet continues to be solid with access to diversified sources of capital
Operations
☐
92% lease ratio, stable qoq
3.3 million sqm of new and
renewal leasing, up 42% yoy
3Q FY17 Same-property net
operating income up 6.9%
73% customer retention ratio
Development
Development profit: 91% of
US$200m1 full year target met
YTD 3Q FY17 development
margin: 29%
Continue disciplined growth
and strong capital discipline
New developments in China
located in markets with average
lease ratio of 89%
Fund Management
Fund fees: US$45m², up 20%
Key area of growth
Investment capacity of US$12bn
will drive further growth of fund
fees
Recently established
US$1.5bn third US core fund
- Includes US$400m mandate for
future acquisitions
Note:
1.
2.
Based on FY17 expected completions of approximately US$800 million (GLP share) and 25% target development profit margin upon stabilization
Fund management fees generated from approximately US$26 billion of invested capital
co
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