Global Logistic Properties Ltd.

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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

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	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

SGD | USD

	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

Last Updated on 23 Oct, 2018