GLP J-REIT's Total Assets for the quarter that ended in Aug. 2023 was $6,190.2 Mil.
Warning Sign:
If a company builds assets at 10.5% a year, faster than its revenue growth rate of 3.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, GLP J-REIT's average Total Assets Growth Rate was 15.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.90% per year.
During the past 11 years, GLP J-REIT's highest 3-Year average Total Assets Growth Rate was 19.20%. The lowest was 8.20%. And the median was 14.20%.
The historical data trend for GLP J-REIT's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
GLP J-REIT's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Net Income data used here is two times the semi-annual (Aug. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
GLP J-REIT's Asset Turnover for the quarter that ended in Aug. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
GLP J-REIT Total Assets Related Terms
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GLP J-REIT is a Japan-based real estate investment trust. The company invests in logistic facilities and related real estate properties mainly located in Kanto and Kansai regions and other areas. Its properties are classified under Multi-tenant property and build-to-suit property segments. It holds a range of proprieties such as GLP Tokyo, GLP Sugito II, GLP Koshigaya II, GLP Misato II, GLP Amagasaki, GLP Higashi-Ogishima, GLP Akishima, GLP Tomisato, GLP Narashino II, GLP Funabashi, GLP Kazo, GLP Fukaya and others.
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