Global Logistic Properties : 3Q FY2016 RESULTS - SUPPLEMENTAL INFORMATION

GLOBAL LOGISTIC PROPERTIES

3Q FY2016 SUPPLEMENTARY INFORMATION PACK

Contents

Page

Portfolio Information

1 - 6

Group Debt Information

7

Balance Sheet Information

8

Pro-rata Income Statements

9

Consolidated Income Statements

10

One-Time Adjustments

11

Appendix to Portfolio and Financial Information

12

GLOBAL LOGISTIC PROPERTIES SUPPLEMENTARY INFORMATION

PORTFOLIO INFORMATION AS AT 31 DECEMBER 2015

1Q 2015

2Q 2015

3Q 2015

4Q 2015

1Q 2016

2Q 2016

3Q 2016

FY2013

FY2014

FY2015

China portfolio

New leased area (sqm mil)2

0.53

0.81

0.60

1.19

0.69

1.04

0.64

1.43

2.30

3.14

Land acquired for future development (sqm mil)

0.70

0.78

0.51

1.31

0.67

0.86

1.47

4.16

4.06

3.29

Development starts - sqm mil (100% basis)

1.36

0.44

0.41

1.04

0.83

0.70

0.64

2.08

2.51

3.25

- US$ mil (100% basis)

643

203

208

581

387

370

336

1155

1635

- US$ mil (pro-rata basis)

293

106

97

247

197

209

190

876

743

Development completion - sqm mil (incl. convert from reposition, 100% basis)

0.06

0.41

0.63

1.12

0.17

0.29

0.60

1.19

2.02

2.22

- US$ mil (100% basis)

25

180

308

516

77

124

262

948

1029

- US$ mil (pro-rata basis)

10

84

138

214

27

55

127

803

446

Acquired completed properties (sqm mil)

0.11

0.08

0.01

0.01

0.08

0.03

0.46

0.04

0.14

0.21

Japan portfolio

New leased area (sqm mil)2

0.03

0.10

0.13

0.09

0.06

0.32

0.05

0.26

0.41

0.35

Land acquired for future development (sqm mil)

0.09

0.06

-

-

-

-

0.56

0.06

0.48

0.15

Development starts - sqm mil (100% basis)

0.04

0.23

-

0.16

0.03

-

0.32

0.47

0.45

0.43

- US$ mil (100% basis)

54

314

-

293

41

-

490

734

661

- US$ mil (pro-rata basis)

27

230

-

146

21

-

490

372

403

Development completion - sqm mil (100% basis)

0.01

-

-

0.04

0.20

0.17

0.19

0.08

0.32

0.05

- US$ mil (100% basis)

11

-

-

44

242

217

213

401

55

- US$ mil (pro-rata basis)

11

-

-

22

121

108

107

201

33

Acquired completed properties (sqm mil)

0.02

-

0.02

-

-

-

-

-

-

0.04

Brazil portfolio

New leased area (sqm mil)2

0.00

0.01

0.01

0.11

0.08

0.03

0.01

0.04

0.29

0.13

Land acquired for future development (sqm mil)

0.34

0.08

-

0.09

-

0.42

Development starts - sqm mil (100% basis)

0.20

0.06

-

0.09

-

0.02

-

0.12

0.07

0.35

- US$ mil (100% basis)

186

53

-

60

-

14

-

76

299

- US$ mil (pro-rata basis)

74

21

-

22

-

5

-

29

117

Development completion - sqm mil (100% basis)

0.06

-

-

0.08

0.14

0.02

0.06

0.04

0.14

0.13

- US$ mil (100% basis)

41

-

-

50

134

8

41

155

91

- US$ mil (pro-rata basis)

15

-

-

18

50

2

16

63

33

Acquired completed properties (sqm mil)

0.86

0.03

0.01

-

-

-

-

0.91

US portfolio

New leased area (sqm mil)2

0.13

0.23

0.38

0.24

0.13

Acquired completed properties (sqm mil)

10.71

-

-

5.41

10.71

GLOBAL LOGISTIC PROPERTIES SUPPLEMENTARY INFORMATION

PORTFOLIO INFORMATION AS AT 31 DECEMBER 2015

Portfolio details

1Q 2015

2Q 2015

3Q 2015

4Q 2015

1Q 2016

2Q 2016

3Q 2016

China portfolio3

Completed & Stabilized (sqm mil)

7.60

8.16

8.52

9.57

9.77

10.21

10.78

Completed & Pre-stabilized (sqm mil)

1.29

1.21

1.41

1.52

1.59

1.42

1.98

Other facilities4 (sqm mil)

0.72

0.72

0.72

0.72

0.72

0.72

0.81

Properties under development or being repositioned (sqm mil)

4.86

4.90

4.72

4.64

5.29

5.74

5.71

Land held for future development (sqm mil)

4.88

5.20

5.28

5.39

5.20

5.35

6.15

Land reserve (sqm mil)

12.75

12.76

12.88

12.11

12.42

12.45

12.56

Total

32.11

32.96

33.53

33.95

34.99

35.89

37.99

Japan portfolio3

Completed & Stabilized (sqm mil) - GLP-owned properties

2.20

1.97

1.99

2.14

2.18

2.03

2.08

- J-REIT-owned properties

1.61

1.85

1.85

1.85

1.89

2.09

2.09

Completed & Pre-stabilized (sqm mil)

0.12

0.12

0.12

-

0.13

0.24

0.39

Properties under development or being repositioned (sqm mil)

0.55

0.78

0.78

0.90

0.74

0.56

0.69

Land held for future development (sqm mil)

0.09

-

-

-

-

-

-

Total

4.58

4.72

4.73

4.90

4.93

4.93

5.25

Brazil portfolio3

Completed & Stabilized (sqm mil)

2.22

2.28

2.26

2.22

2.31

2.31

2.37

Completed & Pre-stabilized (sqm mil)

0.13

0.11

0.09

0.17

0.22

0.24

0.24

Properties under development or being repositioned (sqm mil)

0.26

0.32

0.37

0.43

0.28

0.28

0.22

Land held for future development (sqm mil)

0.40

0.34

0.68

0.66

0.66

0.74

0.75

Total

3.01

3.04

3.40

3.47

3.47

3.56

3.58

US portfolio3

Completed & Stabilized (sqm mil)

8.45

8.82

9.31

14.40

Completed & Pre-stabilized (sqm mil)

2.26

1.86

1.37

1.67

Total

10.71

10.68

10.68

16.07

GLOBAL LOGISTIC PROPERTIES SUPPLEMENTARY INFORMATION

PORTFOLIO INFORMATION AS AT 31 DECEMBER 2015

Rents & lease ratio for Stabilized Portfolio

1Q 2015

2Q 2015

3Q 2015

4Q 2015

1Q 2016

2Q 2016

3Q 2016

China portfolio

Rents (RMB/sqm/day) - Total Portfolio

1.03

1.03

1.04

1.06

1.07

1.07

1.09

- Logistics

1.12

1.12

1.12

1.14

1.14

1.15

1.15

- Non-logistics

0.65

0.66

0.66

0.69

0.70

0.71

0.79

Effective Rents (RMB/sqm/day)5,7

1.03

1.02

1.04

1.10

1.09

1.10

1.04

Lease ratio7

90%

90%

89%

91%

88%

89%

88%

Net operating income margin5,6,7

75%

76%

75%

75%

76%

75%

76%

Japan portfolio

Rents (JPY/sqm/mth)

1,091

1,091

1,090

1,098

1,096

1,092

1,102

Effective Rents (JPY/sqm/mth)5

1,039

1,042

1,044

1,034

1,035

1,050

1,043

Lease ratio

99%

99%

99%

99%

98%

99%

99%

Net operating income margin5,6

87%

87%

87%

87%

87%

86%

86%

Brazil portfolio

Rents (BRL/sqm/mth)

19.1

19.6

20.0

20.4

20.6

20.7

21.1

Effective Rents (BRL/sqm/mth)5

20.3

20.3

20.6

20.8

Lease ratio

97%

98%

98%

97%

94%

95%

95%

Net operating income margin6

90%

90%

90%

90%

90%

90%

90%

US portfolio7

Rents (USD/sqft/year)8

4.76

4.81

4.82

4.83

Effective Rents (USD/sqft/year)8

4.83

4.95

5.08

5.01

Lease ratio

92%

92%

94%

95%

Net operating income margin6

70%

71%

74%

75%