14 March 2011

Global Logistic Prop Limited: Impact Of Earthquake / Tsunami

The company which has 69 properties in Japan, has actually lowered the estimate of the expected loss arising from the disaster, from 3.9 bln yen / US$47.5 mln to 3.17 bln yen / US$38.8 mln. The earlier estimate of rental loss of 0.89 bln yen remains. Management expects the majority of the required repairs to take place within the next 30 days.

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