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Last $2.84 SGD
Change Today +0.02 / 0.71%
Volume 15.2M
As of 5:04 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

global logistic properties l (GLP) Snapshot

Open
$2.83
Previous Close
$2.82
Day High
$2.85
Day Low
$2.82
52 Week High
09/5/14 - $2.96
52 Week Low
12/18/14 - $2.39
Market Cap
13.7B
Average Volume 10 Days
47.2M
EPS TTM
$0.09
Shares Outstanding
4.8B
EX-Date
08/3/15
P/E TM
22.5x
Dividend
$0.06
Dividend Yield
1.58%
Current Stock Chart for GLOBAL LOGISTIC PROPERTIES L (GLP)

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global logistic properties l (GLP) Details

Global Logistic Properties Limited (GLP) is a developer, owner, and manager of modern logistics facilities. The company’s portfolio spans 28 million square meters across China, Japan, and Brazil. GLP’s customers are manufacturers, retailers, third party logistics companies, and e-commerce companies that cater to domestic consumption. Global Logistic Properties Limited was incorporated in 2007 and is headquartered in Singapore.

Founded in 2007

global logistic properties l (GLP) Top Compensated Officers

Co-Founder, Chief Executive Officer and Execu...
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2014.

global logistic properties l (GLP) Key Developments

Global Logistic Properties Limited Proposes Final One-Tier Tax-Exempt Dividend for the Financial Year Ended March 31, 2015, Payable on August 20, 2015

Global Logistic Properties Limited proposed final one-tier tax-exempt dividend of SGD 0.055 per ordinary share for the financial year ended 31 March 2015. The Proposed Final Dividend, if approved by shareholders at the forthcoming Annual General Meeting to be held on 29 July 2015, will be paid on 20 August 2015.

Global Logistic Properties Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2015

Global Logistic Properties Limited announced unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, the company reported revenue of $166,757,000 compared to $156,972,000 a year ago. Profit from operating activities after share of results of jointly-controlled entities was $84,104,000 compared to $120,684,000 a year ago. Profit before income tax was $228,132,000 compared to $199,862,000 a year ago. Profit attributable to owners of the company was $104,859,000 compared to $159,976,000 a year ago. The increase in revenue was mainly attributable to the completion and stabilisation of development projects in China with increasing rents and the inclusion of one month's management fee revenue from GLP US Income Partners I, partially offset by the sale of 11 properties in Japan to GLP J-REIT in March 2014 and September 2014 and the weakening of the Japanese Yen against the U.S. Dollar, with average rates decreasing by 16%. Net cash from operating activities was $80,480,000 against $89,239,000 a year ago. Development expenditure on investment properties was $315,941,000 against $282,204,000 a year ago. Purchase of plant and equipment was $1,592,000 against $28,279,000 a year ago. Acquisition of intangible assets was $4,000. PATMI was $104,859,000 compared to $159,976,000 a year ago. Diluted EPS was 2.00 cents compared to 3.18 cents a year ago. Net asset value per share of the group stood at $1.81 as on March 31, 2015 against $1.84 as on March 31, 2014. EBIT was $213,765,000 compared to $229,660,000 a year ago. EBIT excluding revaluation was $90,143,000 compared to $92,332,000 a year ago. PATMI excluding revaluation was $65,366,000 compared to $52,883,000 a year ago. The decrease in EBIT was mainly due to lower share of results of joint ventures, higher operating expenses arising from an increased property portfolio and business expansion, partially offset by higher fair value gains of investment properties and higher revenue recognised during the three-month period ended March 31, 2015. Proforma EBIT was $214 million, Earnings (ex reval) of $65 million. Proforma earnings were $105 million or 2.0 cents per diluted share. For the year, the company reported revenue of $708,009,000 compared to $624,823,000 a year ago. Profit from operating activities after share of results of jointly-controlled entities was $476,223,000 compared to $507,760,000 a year ago. Profit before income tax was $862,235,000 compared to $866,782,000 a year ago. Profit attributable to owners of the company was $486,199,000 compared to $685,150,000 a year ago. Net cash from operating activities was $444,410,000 against $291,054,000 a year ago. Development expenditure on investment properties was $84,820,000 against $675,000 a year ago. Purchase of plant and equipment was $9,872,000 against $52,172,000 a year ago. Acquisition of intangible assets was $6,000. PATMI was $486,199,000 compared to $685,150,000 a year ago. Diluted EPS was 9.38 cents compared to 13.67 cents a year ago. EBIT was $910,168,000 compared to $946,004,000 a year ago. EBIT excluding revaluation was $391,311,000 compared to $411,276,000 a year ago. PATMI excluding revaluation was $200,771,000 compared to $246,976,000 a year ago. The higher revenue during the year ended March 31, 2015 was mainly attributable to the completion and stabilisation of development projects in China with increasing rents, inclusion of the Brazil portfolio acquired in June 2014, higher management fee and dividend income, partially offset by the sale of 11 properties in Japan to GLP J-REIT in March 2014 and September 2014, the deferred rental revenue of Airport City Development Co. Ltd. recognised upon reaching agreement with a tenant during the year ended March 31, 2014, and the weakening of the Japanese Yen against the U.S. Dollar. EBIT decreased was mainly due to higher non-operating loss, lower share of results of joint ventures and higher operating expenses arising from an increased property portfolio and business expansion, partially offset by higher revenue recorded and higher share of fair value gains of investment properties during the year ended March 31, 2015. Net debt was $1,402,000 as on March 31, 2015 against $1,161,000 as on March 31, 2014. Proforma EBIT was $970 million, Earnings (ex reval) of $257 million. Proforma earnings were $543 million or 9.4 cents per diluted share.

Global Logistic Properties Limited Announces the Formation of Western Logistics LLC

Global Logistic Properties Limited announced the formation of Western Logistics LLC, an indirect wholly-owned subsidiary of the company. Place of formation is State of Delaware, USA, principal activities includes Investment holding.

 

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