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A Quick Overview Of The Four Main Regions Where Global Logistics Properties Ltd Operates In

Global Logistic Properties Ltd (SGX: MC0), or GLP, is an owner and developer of modern logistics facilities. It has operations in four countries, namely, China, Brazil, Japan, and the US. The company is the largest provider of modern logistics facilities in the first three countries and the second largest in the fourth.

With that as a background, we will have a quick overview of its key markets.

Overview of assets

Source: 2016 Annual Report

Here, we see that significant GLP owns significant assets in United States, China and Japan while Brazil accounts for a relatively small asset base in comparison to the main markets.

China

This is the biggest market for GLP’s own assets (excluding external funds), accounting for 57% of GLP net assets. In financial year ended March 2016, revenue from this segment was US$531 million.

The top five customers by leased area were Best Logistics, JD.com, Deppon, Vipshop and Amazon. 26% of of leased area were used for e-commerce purposes.

Japan

This is the second biggest market for GLP’s own asset (excluding external funds), accounting for 25% of GLP net assets. In financial year ended March 2016, revenue from this segment was US$179 million.

The top five customers by leased area were Hitachi Transport, Nippon Express, Senko, Japan Logistic Systems and ASKUL. Here, 11% of of leased area were used for e-commerce purposes.

United States

This is the third largest market for GLP’s own assets (excluding external funds), accounting for 7% of GLP net assets. In financial year ended March 2016, revenue from this segment was US$59 million.

A significant portion of revenue in this market was derived from fund management, given that GLP has most external funds invested in US.

The top five customers by leased area were Amazon, Whirlpool, Home Depot, Fedex and Ozburn – Hessey Logistics, with 10% of of leased area being used for e-commerce purposes.

Brazil

Last but not least, Brazil accounted for 5% of GLP’s net assets and generated US$8.8 million of revenue for the financial year ended March 2016.

The top five customers by leased area were GPA, Tavex Algodonera, DHL, Unilever and Riachuelo. Here, 18% of of leased area were used for e-commerce purposes.

 

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.The Motley Fool Singapore has recommended shares of Amazon. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.