GLP

GLP: signs approx 15k sm of new leases with a third party logistics provider in Changzhou, Eastern China. With the new lease, the occupancy rate for GLP Park CNB, GLP’s first devt in Changzhou, has reached 97% within three mths of its completion. GLP continues to benefit from the demand growth for quality logistics facilities in China, evidenced by its leasing momentum. The stock trades at 15.4x P/E, 1.2x P/B.