GLP

GLP: is +3.6% at $2.90, a new all time high. Not seeing any specific news flow to drive the stock today. Nevertheless during this period, GLP shares have been rising , as it is viewed as a beneficiary of the Abe-nomics theme. Expected inflation in Japan is driving down cap rates and lifting the outlook on property. Recall GLP has exposure to Japan via its GLP J-REIT (14.8% stake) and other Japan warehouses.