Asia300

Global Logistic Properties Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jul 21, 2017
Prev close: 3.32
Jul 21, 2017
Market cap:
Market cap(USD):
16,083.29M
11,787.13M
Shares: 4,844.36M

Currency in SGD

Company profile

Market(Ticker): SES(MC0)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 1,126

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. The company develops, markets, and rents out office buildings and warehouse centers. Global Logistic Properties 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 2017

  • Local currency
  • US Dollar
Revenue 1,248.50M
Gross profit 834.44M
Operating income 483.17M
Income before tax 1,473.06M
Net income 1,057.34M
EBITDA 697.89M
Diluted EPS 0.22
Dividends per share 0.06
Total assets 30,404.90M
Total liabilities 11,939.73M
Total equity 12,172.40M
Operating cash flow 504.22M

Currency in SGD

Revenue 902.20M
Gross profit 602.99M
Operating income 349.15M
Income before tax 1,064.47M
Net income 764.06M
EBITDA 504.31M
Diluted EPS 0.16
Dividends per share 0.04
Total assets 21,759.75M
Total liabilities 8,544.86M
Total equity 8,711.37M
Operating cash flow 364.36M

Currency in USD

Valuation measures

Mar 2017

PER 12.31
ROA 3.43%
ROE 9.06%
Operating margin 38.70%
Profit margin 84.68%

Key executive

  • Chief Executive Officer & Executive Director: Ming Zhi Mei
  • Chief Operating Officer: Stephen K. Schutte
  • Chief Financial Officer: Fang Xie
  • Global Head-Investments: Alan Yang
  • 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.(3.0%)
  • The Vanguard Group, Inc.(1.6%)
  • HOPU Investments Management Co. Ltd.(1.5%)
  • MEI MING ZHI(1.0%)
  • Third Avenue Management LLC(1.0%)
  • Norges Bank Investment Management(0.9%)
  • BlackRock Fund Advisors(0.8%)
  • SSgA Funds Management, Inc.(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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