GLP J-REIT Announces Issuance of New Investment Units and Secondary Offering of Investment Units, Acquires 9 Logistic Properties.

(Aug. 11, 2014)

GLP J-REIT (TSE code: 3281) today announced the issuance of new investment units and the secondary offering of investment units. The amount of funding will be 31,358 million yen. And, GLP J-REIT acquires 9 properties logistics facilities.

Property name Address Acquisition price Cap rate Seller
GLP Tokyo Ⅱ Koto-ku, Tokyo 36,100million JPY 4.40% Tokyo 2 Logistics SPC
GLP Okegawa Okegawa, Saitama 2,420million JPY 5.30% Okegawa Logistics SPC
GLP Kadoma Kadoma, Osaka 2,430million JPY 5.30% Azelea SPC
GLP Seishin Kobe, Hyogo 1,470million JPY 5.60% Seishin Logistics SPC
GLP Fukusaki Kanzaki, Hyogo 3,640million JPY 5.50% Fukusaki Logistics SPC
GLP Ogimachi Sendai, Miyagi 1,460million JPY 6.40% Azelea SPC
GLP Hiroshima Hiroshima, Hiroshima 3,740million JPY 5.80%
GLP Fukuoka Fukuoka, Fukuoka 1,520million JPY 5.60%
GLP Chikushino Chikushino, Fukuoka 1,050million JPY 5.90%
Total   53,830million JPY    
  6th period (forecast) (before revision) Change  
Operating revenues 10,873million JPY 9,267million JPY 17.3%  
Net income 4,656million JPY 3,887million JPY 19.8%  
Dividend per unit (including
dividend in excess of net income)
2,241 JPY 2,140 JPY 4.7%  
  7th period (forecast)      
Operating revenues 10,963百万円      
Net income 4,476百万円      
Dividend per unit (including
dividend in excess of net income)

Recent 5 news of GLP J-REIT
Oct. 15, 2014
GLP J-REIT : Financial Results for the 5th Fiscal Period


Property Acquisition Price Rankings

(Billions of yen)

1 Shinjuku Mitsui Bldg. 170
3 Roppongi Hills Mori Tower 115
4 Shiodome Building 107
5 Tokyo Shiodome Building 83
Unit Price Growth Rankings
1 Japan Real Estate +1.54%
2 Invincible +1.18%
3 Comforia Residential +1.15%
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