With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: GLP United Kingdom has a +15 year track record of developing and managing logistics real estate across United Kingdom, one of Europe's biggest logistics markets. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. 10x easier to find good investments All Rights Reserved. In addition to the power of our people, our company performance demonstrates the resilience of our business model, the strength of our assets and the value that we deliver for the guests at our gas stations and convenience markets and the customers at our liquid energy terminals every day. GCP is focused on uncovering advantaged opportunities in logistics real. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Looking at our upcoming Investor Relations calendar. Shares of NYSE GLP opened at $34.99 on Friday. Station operations, including station operations product margin, which includes convenience store and prepared food sales, sundries and rental income, rose $9.9 million to $67.2 million from the fourth quarter of 2021. GLPs strategic investment partnership with CMC expands our investment scope further into infrastructure, finance and private equity and enables both partners to leverage each others network of domestic and international investors to collaborate on the development of new funds. All Rights Reserved. Under his leadership and vision, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach to growth and value creation and has since expanded into adjacent sectors and new markets. In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. Eric Slifka: Thank you, Greg. Over the years, we have formed multiple partnerships with organizations around the globe to expand our capabilities in logistics, real estate, infrastructure, solar energy, finance, private equity, technology and more. By caring for the environment, empowering people, particularly our employees and communities and practicing responsible governance, we have formed the foundation for an enduring business that has stood the test of time and continues to thrive. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. GLP is a global leader in logistics real estate with a proven track record as business builder, owner, developer and operator with one of the largest logistics real estate footprints in the world. It provides software as a service (SaaS) products for logistics and invests in tech companies that create value for customers through the logistics ecosystem in Japan. Where is GLP located? Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. Caution and uncertainty are the popular themes. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Brandywine Realty Trust. Many thanks to Emerge CM. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. GDSO product margin was up $46.1 million in the quarter to $223.2 million. We continue to manage our balance sheet prudently. Sovereign Investor Leadership Conference March 2023 Menu Ming Mei is co-Founder and CEO of GLP. 332 followers 329 connections. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . With the purchases of Consumers Petroleum of Connecticut, Miller Oil Co. and Tidewater Convenience, we added more than 60 company-operated convenience markets and related fuel operations as well as fuel supply arrangements at more than 55 additional sites. For full year 2023, we expect maintenance capital expenditures in the range of $50 million to $60 million; and expansion capital expenditures, excluding acquisitions, in the range of $55 to $65 million, relating primarily to investments in our gasoline station business. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management as of 31 December 2022, is the exclusive investment and asset manager of GLP. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Goldman Sachs Group Inc. now owns 193,521 shares of the energy companys stock worth $4,548,000 after acquiring an additional 57,422 shares during the last quarter. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. GLP has announced a substantial plan to enter the Japan data center market, with a target of investing more than $12 billion over the next five years to build out 900 MW of power capacity. AvalonBay Communities. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. Global Partnerss dividend payout ratio is 25.32%. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures -65.00 (-0.39%) Global Partners LP (GLP) NYSE - Nasdaq Real Time Price.. GLP Capital Partners (GCP) Jan 2022- Present1 year 2 months New York, New York, United States Investments Director of Investments GLP Capital Partners (GCP) Sep 2018- Dec 20213 years 4 months. These current estimates depend in part on the timing of completion of projects, availability of equipment and workforce, weather and unanticipated events or opportunities requiring additional maintenance or investments. #1400 GLPGCP GLP Capital Partners ""46 1250 . GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies which are supported by global macroeconomic trends, including the sustained growth of globalised commerce, widespread adoption of e-commerce, increased demand for data storage/processing and worldwide focus on sustainable energy. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. How is GLP related to GLP Capital Partners? Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Is Global Partners LP (GLP) . From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. The Company focuses on providing logistics real estate investment management solutions. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. GLP Capital Partners LP - Company Profile and News - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. This is a boost from Global Partnerss previous quarterly dividend of $0.63. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Annaly Capital Management. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). With that, now let me turn the call over to Greg for his financial review. Product margin from other oils and related products increased to $190.1 million for the full year, up $124.7 million from 2022 -- 2021, excuse me, primarily due to more favorable market conditions, largely in distillates. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. In 2022, we made great strides in defining our role in the energy transition from actively crafting clean fuels policy to investing in the infrastructure to deliver low-carbon solutions to creating mechanisms for people to lead with ingenuity; we are making progress on our sustainability journey. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka; Chief Financial Officer, Mr. Gregory Hanson; Chief Operating Officer, Mr. Mark Romaine; and Chief Legal Officer, Mr. Sean Geary. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. The ex-dividend date of this dividend was Tuesday, February 7th. Angel, Fund of Funds, Venture Capital), General contact email for the organization. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. There are Four Different NOIs in a CRE Deal. Passionate about delivering on HR principles of attracting, developing, and retaining talent. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. Overnight on Wall Street is daytime in Asia. 10x harder to hold good investments, Managing Director, Head of GC&SEA&Australia, We are thrilled to collaborate with Crow Holdings, a US-based real estate investment manager. Americold. We believe these assumptions are reasonable given currently available information. Copyright 2023 ALM Global, LLC. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Monoful is the business development arm of GLP Japan. The JVwill explore a range of opportunities including creating smart energy systems for commercial properties, providing renewable energy to logistics assets and expanding energy storage capabilities for rooftop solar panels and also test the viability of autonomous vehicles in logistics management and transportation to develop green smart supply chain hubs. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 12 Best Affordable Dividend Stocks to Buy, Stay Informed: Jerome Powells Policy Report & Important Economic Data, What cautious spending means for the US economy: YF Explains, 3 top tips for investors trying to weather the current economic storm: Strategist, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops. Excluding the net gain on the sale of assets, TTM distribution coverage was 2.8x or 2.6x after factoring in distributions to our preferred unitholders. *May exclude premium content Sign in or Register Sign in / Register Database LP search GP search #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. The company announced the . Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Ming graduated from the Kellogg School of Management at Northwestern University and the School of Business and Management at the Hong Kong University of Science and Technology with a Master of Business Administration. Located in Connecticut, Maine, Massachusetts and New Jersey, the terminals have an aggregate storage capacity of approximately 3.9 million barrels in locations that complement our network by making us more competitive in multiple products over a larger geographic base. This button displays the currently selected search type. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. We are thrilled to have learned from the creativity of these bright minds. Turning to the Commercial segment. Edit Lists Featuring This Company Section, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors, GLP Capital Partners buys Riverside County industrial site for $90 million, GLP Capital Partners Releases 2021 ESG Report, Venture Capital Investors with Investments in Denver, Colorado, Early Stage Venture Investors with Investments in Greater Seattle Area. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. For the fourth quarter, our Wholesale segment product margin more than doubled from the same period in 2021 as market conditions and effective management of our inventories amid sustained backwardation in the distillates markets combined to drive strong margin capture. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Exclusive discounts on ALM and GlobeSt events. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. GLP Capital Partners has raised $2.3 billion for its logistics property fund, exceeding its goal in a sector that gained strength throughout the pandemic and remains hot. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. The energy . Copyright 2020 GLP. GLP Capital Partners. GLP Capital Partners (GCP) is planning to raise $2bn (1.6bn) for its value-add US industrial fund GLP Capital Partners IV, according to sources. Sep 2022 - Present7 months. At the end of 2022, our GDSO portfolio consisted of 1,673 sites, comprised of 353 company-operated sites, 295 commission agents, 192 leasing dealers and 833 contract dealers. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Hong Kong SAR. Today's call will include forward-looking statements within the meaning of Federal securities laws. To help us understand those needs and envision the fueling infrastructure of the future, we sponsored Fuel of the Future 2030, a student design competition engaging more than 30 teams of undergraduate and graduate students attending schools across nine states. The fund focuses on logistics asset class. GCP Capital Partners - Home Investing in Firms with Significant Potential Seasoned private equity professionals making both control and influential minority investments in high-growth and select cyclical-growth industries Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 617-542-5300 GLP@investorrelations.com Private Equity GLP's strategy is to make private equity investments in businesses and technologies that complement our core logistics real estate business and other high-growth sectors of the economy. We also continue to focus on optimizing our terminal network. Watch below as Catherine discusses the Emerge EMPWR program as a stepping stone for other women in the industry.This program will be a role model for future female portfolio managers. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. Consistent with our focus on strategic transactions that strengthen our long-term earnings power, during the year, we closed on over $255 million of retail acquisitions. Want to see what other hedge funds are holding GLP? GLP China has signed an agreement with Contemporary Amperex Technology Ltd. (CATL), the worlds leading battery provider and the largest maker of electric vehicle (EV) batteries, to create a new platform aimed at expanding the use of new energy through asset-as-a-service offerings and advancing sustainability in logistics and transportation. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Selected profiles of other Operating Partners are also shown below. The fund is based in Santa Monica, California and invests in North America. Our new structure puts us in a position to grow GCP into one of the only truly global alternative asset managers with both a leading presence in Asia and a track record of scale and success in the US, Brazil and Europe, said Alan Yang, CEO of GLP Capital Partners. GLP Pte Ltd (formerly Global Logistic Properties Limited) converted to a private company after delisting from the Singapore Exchange Securities Trading Limited (SGX-ST) on 22 January 2018. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Happy to be at the ETF conference in Miami sharing our story! It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. You can update your choices at any time in your settings. Now, Greg, Mark and I will be happy to take your questions. To explore GLP Capital Partners IVs full profile, request access. Pallas Capital Advisors LLC now owns 1,382,449 shares of the energy companys stock worth $46,312,000 after purchasing an additional 36,458 shares in the last quarter. Hear the latest economic, business and market news, as well as global, national, and local news. Operating expenses increased $25.2 million to $118 million for the fourth quarter and $91.7 million to $445.3 million for the full year. Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. REGISTRATION STATUS . DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. For the full year, DCF was $413.4 million compared with $120.7 million in '21. Fund Management & Investment GLP Capital Partners is the exclusive fund manager and investment advisor of GLP, a leading global business builder, investor, developer and operator. We also have offices in Singapore and Hong Kong. Very nice, congratulations on your and GLP's success, Alan. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Copyright 2020 GLP. Thrilled indeed! To continue reading the Q&A session, please click here. At over $2.3 billion the fund, GLP . 2023 Could be Year Apartment Owners Compete for Renters, Beyond Population Shifts: Why Multifamilys Outlook Is Good, Cost of Capital Has CRE Projects Mostly Stalled. Find More Contacts for GLP Capital Partners. Our #pwcrealestate Tax Service News summarizes the new legislation and gives an update of the currently applicable RETT rates at chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lnkd.in/eNUEvkYH, Chief Human Resources Officer at GLP Capital Partners (GCP), Thrilled indeed! GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. Our combined investing and operating expertise allows us to create value for our customers and investors. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Shell Asset Management Co. Reduces Stock Holdings in GXO Logistics, Inc. (NYSE:GXO), Shell Asset Management Co. Decreases Stock Position in Hudbay Minerals Inc. (NYSE:HBM). 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. GCP also invests in logistics technology companies from seed to growth equity stages. Although gasoline and diesel prices ended the fourth quarter at almost the same place they began the quarter, inter-quarter price volatility allowed for periods of strong margin capture. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. We operate across Asia, Europe, and the Americas. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. Asian industrial giant GLP on Tuesday unveiled GLP Capital Partners, a newly minted fund management business investing in sectors including Liked by Haijin Zeng Terry We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy Gasoline and gasoline blendstock product margin increased $20.7 million to $107 million for the full year, primarily due to more favorable market conditions in gasoline during the second and third quarters of 2022. Turning to our segment details. Win whats next. Corporate Finance & Alternative Asset Investment. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Watch our brand video Global Partners had a return [] We are committed to a broad range of ESG initiatives that elevate our business, create value for our stakeholders, support our employees and show respect to our local communities. The increases were largely associated with our GDSO operations, including our recent acquisitions, reflecting higher credit card fees related to increases in volume and price, higher salary and rent expenses, partially due to greater activity at our stores and increases in our environmental reserve and maintenance and repair expenses. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. It specializes in acquisitions, development, operations, technology, and e-commerce. Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. For more information on GLPs ESG efforts, visit: glp.com/global/impact. GLP is a privately owned company incorporated in Singapore. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. GLP has launched a number of initiatives to pursue renewable energy development including rooftop solar on our global logistics real estate portfolio, wind assets and energy storage solutions. Global Fund Management, Capital Raising & Investor Relations. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Li & Fung is a global leader in creating customized, end-to-end supply chain and logistics solutions to help brands and retailers respond quickly to evolving consumer and production trends. In our gasoline distribution and GDSO segment, we continued to benefit from higher retail fuel margins and increased activity in our convenience markets in part as a result of our recent acquisitions. What does this mean for CRE professionals? All Rights Reserved. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). For those of you who are participating, we look forward to meeting with you. Arlington Asset Investment. This is the GL Capital Partners company profile. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Delivered first phase of 120 MW data center in Jiangsu Province, China. Markets never sleep, and neither does Bloomberg. 2022 was an exceptionally strong year for Global, reflecting the dedication of our incredible team, our vertically integrated assets, adaptable operating model and strong balance sheet position us well for the year ahead. #partnership#privateequity#fundraising. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. All Rights Reserved. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Chief Operating Officer at GLP Capital Partners Englewood, Colorado, United States 1K followers 500+ connections Join to connect GLP Capital Partners (GCP) Activity Congratulations Karolina.
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