Global Logistic Properties Ltd.
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Singapore
Oct 23, 2018Ticker
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In the news
- Blackstone grabs $1bn in Japan warehouses, including Amazon site Jul 17, 2019
- 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 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
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Competitors
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Last Updated on 23 Oct, 2018