Private Equity | GLP Investing in established and growth-stage businesses. 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. We operate across Asia, Europe, and the Americas. Win whats next. 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. Its Time For A Fresh Look At The Kroger Co. West Frasers Earnings Scream Timber, Outlook Says Buy, MarketBeat.com's FREE daily email newsletter. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. Monoful is the business development arm of GLP Japan. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Markets never sleep, and neither does Bloomberg. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure 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. Bloomberg Daybreak Asia. Caution and uncertainty are the popular themes. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. You can update your choices at any time in your settings. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. GLP is a privately owned company incorporated in Singapore. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Operator: Good day, everyone, and welcome to the Global Partners . It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Achieved total IT load capacity of ~1,400 MW in China. Your article was successfully shared with the contacts you provided. We also are focused in investing and partnering with companies where we can play a strategic role in building their business and invest in both established and growth-stage businesses across logistics, real estate, infrastructure, finance and related technologies. The segment's performance for both periods was driven largely by an increase in bunkering activity. Sep 2022 - Present7 months. We also continue to focus on optimizing our terminal network. 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. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz This button displays the currently selected search type. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Now, Greg, Mark and I will be happy to take your questions. GLP forms strategic investment partnerships with companies that can bring about more opportunities and synergies with our core logistics real estate business globally and expand our investment scope further into adjacent segments. Copyright 2020 GLP. Read more about GLP Capital Partners. 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. We continue to manage our balance sheet prudently. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. 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. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. GLPGCP GLP Capital Partners ""46 1250 . Is Global Partners LP (GLP) . Tower Research Capital LLC TRC Raises Stock Holdings in Innoviva, Inc. (NASDAQ:INVA), Tower Research Capital LLC TRC Trims Holdings in SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH), Get a free copy of the StockNews.com research report on Global Partners (GLP), Hormel Hits 2-Year Low, And The Dip Gets Bought, Heres Why Ross Could Soon Be Hitting All Time Highs. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. Growth Strategy with GLP Group Leveraging GLP Group's expertise in managing logistics facilities to the greatest extent possible, GLP J-REIT will work to maximize unitholder value through our best-in-class (highest level) asset management, which is esteemed in Japan and around the world. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Property Logistics Specialist GLP Plans IPO for Investment Arm - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . 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. Luxembourg Alter Domus 2 ans 9 mois . GLP reorganises global fund management platform to form GLP Capital Partners. 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. The adviser's REGISTRATION status is listed below. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. For the full year, GDSO product margin was up $209 million to $856.6 million, with fuel margins increasing $0.09 per gallon to $0.36 from $0.27 per gallon in the year-earlier period. Global Fund Management, Capital Raising & Investor Relations. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). 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 business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. With that, now let me turn the call over to Greg for his financial review. During the same quarter in the previous year, the company earned $0.44 earnings per share. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Who owns GLP? This documentary-style series follows investigative journalists as they uncover the truth. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Several other hedge funds have also made changes to their positions in GLP. Please go ahead, sir. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. In the renewable fuels area, we permitted and completed the installation of customizable biofuel systems at four of our terminals and began biofuel supply projects at two additional facilities. For those of you who are participating, we look forward to meeting with you. Thrilled indeed! Our team successfully navigated through these challenges. Brandywine Realty Trust. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. The company was formerly listed on SGX-ST between 2010 to 2018. He is also an investor and board member of Value Retail China, a company that specializes in the development and operation of luxury outlet shopping villages. 304917 Latest Filing 26 Aug 2022 SEC No. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Crow Holdings Capital consists of a cycle-tested team with a long history of investing in its flagship value-add fund series and will provide LPs access to a diversified portfolio of assets across the industrial, multifamily, and specialty sectors. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. | Learn more about Melissa Ava Marshall MCIPD's . GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. GLP Capital Partners ("GCP") is a US-based real estate investment manager with fully integrated operating platforms focused on logistics real estate and adjacent asset classes. G7 is a technology company backed by GLP. Fund name: GLP Capital Partners IV Fund size: $2.3 billion Target size: $2 billion Launch date: June 2020 Current status: Final close, July 2021 GLP Capital Partners has held a final close on their fourth flagship fund, the GLP Capital Partners IV.Successfully raising more than $2.3 billion, the vehicle will invest in logistics real estate throughout the US. #womeninvesting #womeninfinance #etfs #sustainability #emerge, VP, National Sales - DCIO Resolute Investment Managers, From our American Beacon Advisors sub-advisor TwentyFour Asset Management LLP: Strong performance across markets in January has left some investors feeling theyve missed out on the rally in bonds. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. We believe these assumptions are reasonable given currently available information. 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 of GCP has closed what it says is the largest discretionary closed-end fund focused on North American logistics real estate ever raised. Eric Slifka: Thank you, Greg. Arlington Asset Investment. 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 invested in Li & Fung to help execute on its Logistics/Assets-as-a-Service approach, which uses data analytics and technologies to bring value to customers. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Covering Brazil, Vietnam & PE funds. December 08, 2021 05:30 PM. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. Want to see what other hedge funds are holding GLP? Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. The Company focuses on providing logistics real estate investment management solutions. All Rights Reserved. Live market coverage co-anchored from Hong Kong and New York. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Corporate Finance & Alternative Asset Investment. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Exclusive discounts on ALM and GlobeSt events. Institutional investors and hedge funds own 28.40% of the companys stock. 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. The value-add fund will invest into the logistics sector. 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 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. GLP was founded by Ming Mei and Jeff Schwartz as a developer and operator of logistics real estatewith operations in Japan and China, Listed on the Singapore Stock Exchange in the largest ever real estate IPO globally, Entered Brazil market as market leader with acquisition of $1.45B platform, Listed $1.3B GLP J-REIT (TSE: 3281) on Tokyo Stock Exchange - the largest real estate IPO in Japan, AUM grows to $11B with launch of first development fund in China and expansion of development vehicle in Japan, Enter the U.S. through the $8B acquisition of IndCorfrom Blackstone and becomes second largest logistics real estate owner in the U.S. within 12 months, Entered Europe market through the $2.8B acquisition of Gazeley and doubled Europe AUM within a year, GLP delists from SGX in $12B transaction, the largest of a listed company in Asia, GLP enters India via strategic partnership with IndoSpace, GLP sells 179M sq ft of U.S. assets to Blackstone for $18.7B, the largest-ever private real estate transaction globally, AUM grows to $89B following announcement of strategic investment partnership with China Merchants Capital, Global business expands to 17countries following acquisition of European portfolioand entry into Vietnam, Private equity business acquiresstake in Li & Fung, GLP C-REIT (508056:CH) is among the first batch of nine C-REITs to be listed in China. The ex-dividend date of this dividend was Tuesday, February 7th. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Santa Monica, California, United States 1-10 Venture Capital Early Stage Venture www.glpcp.com/ 10,144 Highlights Investments 6 Employee Profiles 5 Contacts 21 Similar Companies 5 View contacts for GLP Capital Partners to access new leads and connect with decision-makers. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Very nice, congratulations on your and GLP's success, Alan. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. MetLife Investment Management LLC Boosts Stake in MannKind Co. MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. (NASDAQ:KDNY), 61,368 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Purchased by MetLife Investment Management LLC, MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. (NYSE:WNC), MetLife Investment Management LLC Boosts Stake in MannKind Co. (NASDAQ:MNKD), MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. 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Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Copyright 2020 GLP. This years Innovation Summit featured finalists selected by the Earthshot council in addition to panelist speakers from heads of state, grassroots organizations and tech leaders. GCP is focused on uncovering advantaged opportunities in logistics real. For full year 2022, interest expense increased $1.2 million to $81.3 million. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? At over $2.3 billion the fund, GLP . We continue to have ample excess capacity in our credit facility. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Brookfield Property Partners. He received his Bachelor of Science in Finance from Indiana University School of 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. Our combined global experience and expertise allow us to build businesses create value for our partners GCP also invests in logistics technology companies from seed to growth equity stages. Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). This is the GL Capital Partners company profile. Purchased by MetLife Investment Management LLC. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. An investor who invested $10,000 in Warren Buffett's hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees . The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Copyright 2023 ALM Global, LLC. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors Read More GLP Enters Japan's Data Center Market, Targeting 900 MW Power Capacity These statements include projections, expectations and estimates concerning the future financial and operational performance of Global Partners, which are based on assumptions regarding market conditions, demand for liquid energy products and convenience store products, the regulatory and permitting environment, the forward product pricing curve and other factors, which could influence our financial results. Boardwalk Real Estate Investment Trust. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. 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. Can it be just a desire to be a "member of the club?" For companies across our industry and many others, 2022 was a year of significant challenges, including supply chain constraints, steep commodity price volatility, inflation, a tough labor market in the war in Ukraine. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead.
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