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Finance

Global Logistic Properties Ltd.

  • 0.00 SGD
  • 0.00
  • 0.00%
  • Singapore
    May 21, 2018
  • Ticker
    SES(MC0)
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  • Market cap (SGD)
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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

Global Logistic Properties Ltd. is an investment holding company, which engages in the management and provision of logistics facilities. It develops, markets, and rents out office buildings and warehouse centers. The company was founded by Ming Zhi Mei and Jeffrey Howard Schwartz on August 28, 2007 and is headquartered in Singapore.

Financial Highlights

Mar 2017 SGDUSD
Revenue1,248.50M902.20M
Gross Profit834.44M602.99M
Operating income483.17M349.15M
Income before tax1,473.06M1,064.47M
Net income1,057.34M764.06M
EBITDA697.89M504.31M
Diluted EPS0.220.16
Dividends Per Share0.060.04
Total Assets30,404.90M21,759.75M
Total liabilities11,939.73M8,544.86M
Total equity12,172.40M8,711.37M
Operating cash flow504.22M364.36M
Currency in SGDCurrency in USD

Historical Data

 Mar 2013Mar 2014Mar 2015Mar 2016Mar 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 2013Mar 2014Mar 2015Mar 2016Mar 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
PER12.31
ROA3.43%
ROE9.06%
Operating margin38.70%
Profit margin84.68%

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

      Last Updated on 21 May, 2018

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