Global Logistics Properties: May be supported after grp releases a reduced damage estimate for its 69-property Jap portfolio. Co. estimate damages worth US$38.8m, 18% lower than its US$48m estimate. Grp estimates rental income loss at US$10.8 million, with majority of repairs taking place in next 30 days…..
We note that Impact/NAV stands at a low $0.01/share GLP and less than 0.6% of its Japan portfolio value. Co. will continue to monitor situation and report any material changes to assessment. Technically, see support at $1.84 (year low)
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