Asia300

Global Logistic Properties Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 2.76
Mar 23, 2017
Market cap:
Market cap(USD):
13,370.44M
9,546.01M
Shares: 4,844.36M

Currency in SGD

Company profile

Market(Ticker): SES(MC0)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 1,010

Business summary

Global Logistic Properties Ltd. is an investment holding company, which engages in the management and provision of logistics facilities. it operates through the following geographical segments: People's Republic of China, Japan, the United States of America, and Brazil. It develops, markets, and rents out office buildings, warehouse centers. The company was founded by Ming Zhi Mei and Jeffrey Howard Schwartz on August 28, 2007 and is headquartered in Singapore.

Company background

Global Logistic Properties is a leading developer and operator of logistics facilities. Its main markets are China, Japan and Brazil. GLP's warehouses serve mainly manufacturers, retailers and e-tailers, and logistics service providers. GIC, the Singaporean government fund, is the company's top shareholder with a 36% stake. During the global financial crisis at the end of 2008, GIC struck a deal to buy Chinese and Japanese assets from U.S. logistics company ProLogis. The business was named GLP; its shares were listed on the Singapore Exchange in 2010.

Ming Mei serves as GLP's CEO. A former ProLogis executive who built the U.S. company's China portfolio, he set up GLP with former Deputy Chairman Jeffrey Schwartz, another ProLogis veteran. In 2012, GLP teamed up with sovereign wealth funds to acquire several logistics facilities in Brazil. GLP and its China unit have received a series of investments from major Chinese financial institutions, such as China Life Insurance and Bank of China Group Investment. The Chinese equity partners are supporting GLP's growth in the country.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 1,118.76M
Gross profit 743.00M
Operating income 421.21M
Income before tax 1,477.72M
Net income 907.32M
EBITDA --
Diluted EPS 0.19
Dividends per share 0.06
Total assets 31,168.68M
Total liabilities 14,247.15M
Total equity 11,168.41M
Operating cash flow 470.87M

Currency in SGD

Revenue 806.90M
Gross profit 535.89M
Operating income 303.79M
Income before tax 1,065.80M
Net income 654.40M
EBITDA --
Diluted EPS 0.14
Dividends per share 0.04
Total assets 23,146.20M
Total liabilities 10,580.09M
Total equity 8,293.78M
Operating cash flow 339.61M

Currency in USD

Valuation measures

Mar 2016

PER 9.62
ROA 3.29%
ROE 8.11%
Operating margin 37.64%
Profit margin 81.10%

Key executive

  • Chief Executive Officer & Executive Director: Ming Zhi Mei
  • Chief Operating Officer: Stephen K. Schutte
  • Chief Financial Officer: Fang Xie
  • Chief Strategy Officer-GLP China: Higashi Michihiro
  • Head-Fund Management & Business Development: Ralf Wessel

Share holders

  • GIC Real Estate Pte Ltd.(35.7%)
  • Hillhouse Capital Management Ltd. (Hong Kong)(7.9%)
  • Global Logistic Properties Ltd.(3.2%)
  • BlackRock Investment Management LLC(2.6%)
  • HOPU Investments Management Co. Ltd.(1.5%)
  • The Vanguard Group, Inc.(1.5%)
  • Third Avenue Management LLC(1.1%)
  • MEI MING ZHI(1.0%)
  • Norges Bank Investment Management(0.9%)
  • BlackRock Fund Advisors(0.7%)

Address

  • Website: http://www.glprop.com
  • Address: 501 Orchard Road, No. 08-01 Wheelock Place, Singapore, 238880, Singapore
  • Phone: +65.6643.6388

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