Global Logistic Properties Ltd.
- 0.00 SGD
- 0.00
- 0.00%
Singapore
Oct 23, 2018Ticker
SES(MC0)Prev. close
--Market cap (SGD)
--Market cap (USD)
--Shares
--
In the news
- Belt and Road-branded corporate bonds fuel China's big ambitions Jan 12, 2018
- Global Logistic Properties sets delisting date Jan 10, 2018
- Singapore bank shares remain favorites as rates rise Jan 8, 2018
- Singapore, Malaysia stocks post weekly gains as robust global data cheers investors Jan 5, 2018
- Singapore, Malaysia stocks rise to two-year highs Jan 4, 2018 See more articles on Global Logistic Properties Ltd.
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.
Business Summary
Financial Highlights
| Mar 2017 | SGD | USD |
| Revenue | 1,248.50M | 902.20M |
| Gross Profit | 834.44M | 602.99M |
| Operating income | 483.17M | 349.15M |
| Income before tax | 1,473.06M | 1,064.47M |
| Net income | 1,057.34M | 764.06M |
| EBITDA | 697.89M | 504.31M |
| Diluted EPS | 0.22 | 0.16 |
| Dividends Per Share | 0.06 | 0.04 |
| Total Assets | 30,404.90M | 21,759.75M |
| Total liabilities | 11,939.73M | 8,544.86M |
| Total equity | 12,172.40M | 8,711.37M |
| Operating cash flow | 504.22M | 364.36M |
| Currency in SGD | Currency in USD |
Historical Data
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
| Revenue | 819.96M | 806.39M | 942.37M | 1,118.76M | 1,248.50M |
| Gross Profit | 683.34M | 651.87M | 749.00M | 743.00M | 834.44M |
| Operating income | 401.03M | 378.96M | 415.83M | 421.21M | 483.17M |
| Income before tax | 841.27M | 932.55M | 1,018.99M | 1,477.72M | 1,473.06M |
| Net income | 809.26M | 821.33M | 585.24M | 907.32M | 1,057.34M |
| EBITDA | 549.38M | 501.14M | 559.81M | 590.43M | 697.89M |
| Diluted EPS | 0.17 | 0.17 | 0.12 | 0.19 | 0.22 |
| Dividends Per Share | 0.04 | 0.04 | 0.05 | 0.06 | 0.06 |
| Total Assets | 16,434.90M | 18,037.26M | 23,953.60M | 31,145.59M | 30,404.90M |
| Total liabilities | 5,211.60M | 6,055.37M | 7,263.34M | 14,224.06M | 11,939.73M |
| Total equity | 10,418.90M | 10,264.60M | 11,193.87M | 11,168.41M | 12,172.40M |
| Operating cash flow | 406.10M | 307.03M | 456.29M | 470.87M | 504.22M |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
| Revenue | 659.70M | 640.58M | 731.34M | 806.90M | 902.20M |
| Gross Profit | 549.78M | 517.83M | 581.27M | 535.89M | 602.99M |
| Operating income | 322.65M | 301.04M | 322.71M | 303.79M | 349.15M |
| Income before tax | 676.84M | 740.80M | 790.80M | 1,065.80M | 1,064.47M |
| Net income | 651.09M | 652.44M | 454.18M | 654.40M | 764.06M |
| EBITDA | 442.00M | 398.09M | 434.45M | 425.84M | 504.31M |
| Diluted EPS | 0.13 | 0.13 | 0.09 | 0.14 | 0.16 |
| Dividends Per Share | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 |
| Total Assets | 13,247.46M | 14,343.18M | 17,462.71M | 23,129.06M | 21,759.75M |
| Total liabilities | 4,200.85M | 4,815.21M | 5,295.14M | 10,562.94M | 8,544.86M |
| Total equity | 8,398.23M | 8,162.37M | 8,160.58M | 8,293.78M | 8,711.37M |
| Operating cash flow | 326.72M | 243.89M | 354.11M | 339.61M | 364.36M |
Valuation Measures
| Mar 2017 | |
| PER | 12.31 |
| ROA | 3.43% |
| ROE | 9.06% |
| Operating margin | 38.70% |
| Profit margin | 84.68% |
Key executives
- Chief Executive Officer & Executive Director: Ming Zhi Mei
- Chief Operating Officer: Stephen K. Schutte
- Chief Financial Officer & Global Treasurer: Kazuhiro Tsutsumi
- Global Head-Investments: Alan Yang
- Head-Fund Management & Business Development: Ralf Wessel
Shareholders
Contact Details
- Website:http://www.glprop.com
- Address: 501 Orchard Road, No. 08-01 Wheelock Place, Singapore, 238880, Singapore
- Phone: +65.6643.6388
Related Companies
- CLF Sponsor Pte Ltd.
- CLF One Singapore Holdings Pte Ltd.
- GLP China Leasing Co. Pte Ltd.
- CLH 82 (HK) Ltd.
- Iowa China Investment Holdings Ltd.
- LPP III Empreendimentos e Participacoes Ltda
- CLH (89) Pte Ltd.
- Iowa China Offshore Holdings (Hong Kong) Ltd.
- CLH (132) Pte Ltd.
- CLF2 Singapore Pte Ltd.
- Harvest B Braselton LLC
- Western Steamboat DC LLC
- Shiodome (14) Logistic Pte Ltd.
- CLF2 Investment Holding (Shanghai) Co. Ltd.
- Global Logistic Properties Ltd /GLP-MFLP Ichikawa Shiohama/
- Beijing Youshan Shengyue Investment Management LP
- Beijing Youshan Hengrong Yanong Investment Management LP
- GLP JDV2 TMK Holdings Pte Ltd.
- CLH 64 (HK) Ltd.
- CLH 63 (HK) Ltd.
- CLH 60 (HK) Ltd.
- Minshang No.1 Network Industry Development Ltd.
- CLH 59 (HK) Ltd.
- CLH 12 (HK) Ltd.
- Shiodome (17) Logistic Pte Ltd.
- Global Logistic Properties Investment Mgmt (China) Co., Ltd.
- CLH 42 (HK) Ltd.
- GLP US Income Partners I
- Western Logistics LLC
- Global Logistic Properties Ltd. (Real Estate)
Competitors
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 23 Oct, 2018