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Select Accept to consent or Reject to decline non-essential cookies for this use. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. G7 is a technology company backed by GLP. CapEx or the full year 2022 was $106.8 million, consisting of $54.4 million in maintenance CapEx, in line with our guidance of $45 million to $55 million; and expansion CapEx, excluding acquisitions of $52.4 million, in line with our guidance of $50 million to $60 million. 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. 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. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. Now, Greg, Mark and I will be happy to take your questions. 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. We also have offices in Singapore and Hong Kong. Learn more in our Cookie Policy. For more information on GLPs ESG efforts, visit: glp.com/global/impact. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Turning to our distribution. All Rights Reserved. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Operating Partners Bespoke has over 75 Operating Partners who support the firm by assisting with opportunity identification, due diligence, building a value creation plan and investment oversight. 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. 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. Hear the latest economic, business and market news, as well as global, national, and local news. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. GLP Capital Partners has $1.5 billion to spend on North American self-storage properties after holding final closing of its GCP SecureSpace Property Partners fund. #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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Bloomberg Daybreak Asia. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Overnight on Wall Street is daytime in Asia. Looking at our upcoming Investor Relations calendar. Read more about GLP Capital Partners. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Exclusive discounts on ALM and GlobeSt events. GLP Capital Partners Native Currency USD Fund Manager's Location 100 Wilshire Boulevard Suite 1400 Santa Monica, CA 90401 United States +1 (310) 000-0000 Fund Domiciles United States: Delaware Cayman Islands GLP Capital Partners IV Investment Strategy Investments by Industry Investments by Deal Type Want detailed data on 3M+ companies? 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. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Any material comments concerning future results of operations will be communicated through news releases, publicly announced conference calls or other means that will constitute public disclosure for the purposes of Regulation FD. Product margin from other oils and related products, which include distillates and residual oil, was up $48.5 million to $59.4 million, primarily due to more favorable market conditions in distillates. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova As part of our work in the clean fuel space, we formed an interdisciplinary team to research and evaluate hydrogen mobility supply and distribution opportunities. GLP CAPITAL PARTNERS, INC. ( CRD # 304917/SEC#:801-117132 ) GLP CAPITAL PARTNERS LP, GLP CAPITAL PARTNERS, INC. View latest Form ADV filed Part 2 Brochures. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Following their record-breaking $18.7 billion sale of the GLP U.S. portfolio in 2019, the team launched GCP as an independent investment manager alongside Modlo, its wholly-owned logistics real estate company. 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. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners Achieved total IT load capacity of ~1,400 MW in China. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Rachel A Walker - General Counsel & Chief Administrative Officer GLP Capital Partners (GLP Capital Partners) - Real Estate Company Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. 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. Global Partners undertakes no obligation to revise or update any forward-looking statements. 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 Purchased by MetLife Investment Management LLC. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. As we continue to invest in optimizing our sites with an eye towards sustainability, we know that the drivers of tomorrow will have different expectations and needs than the drivers of today. 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. 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. Our ability to attract top talent and focus on developing their skills supports our global growth and helps the company expand beyond what it is today. 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. 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. All Rights Reserved. Passionate about delivering on HR principles of attracting, developing, and retaining talent. 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. Annaly Capital Management. Posted by MarketBeat News on Mar 3rd, 2023. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Global Partners LP - Investor Relations Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. GCP targets $2bn capital raise for new US industrial fund We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. Where is GLP located? GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Several other hedge funds have also made changes to their positions in GLP. The company announced the . Industrial & commercial warehouses rental | Available properties | GLP Find More Contacts for GLP Capital Partners. 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. 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. The Earthshot Prize 2022 is a global prize designed to incentivize change and help to repair our planet by awarding five winners each year for their contributions to environmentalism. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. This information is available in the PitchBook Platform. Brookfield Property Partners. To explore GLP Capital Partners IVs full profile, request access. Our combined global experience and expertise allow us to build businesses create value for our partners We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Shares of NYSE GLP opened at $34.99 on Friday. 13 min read. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Slavena Raguz - Senior Financial Accountant - GLP Capital Partners 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. GLP Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. 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. Private Capital Chugged Along Better Than Institutional Money Last Year, A Closer Look at H2s Investment Sales Drubbing, Calgary Startup Offers Wholesale Renewable Power to Homeowners, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. http://ow.ly/x8QN50MJ7X4 Join to view profile GLP Capital Partners . Our European platform is built on more than 30 years of experience in logistics real estate and operates in 12 countries across the continent, covering all major logistics markets. 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. Thank you for joining us. glp capital partners | DiGiacomo Group Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz The top 5 finals presented their entries and an awards presentation in November. AvalonBay Communities. Operator? Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. 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. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Singapore. 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 Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Which One is Best? Melissa Ava Marshall MCIPD - European HR & Operations - LinkedIn Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. With that, now let me turn the call over to Greg for his financial review. Luxembourg Alter Domus 2 ans 9 mois . We operate across Asia, Europe, and the Americas. Is Global Partners LP (GLP) . 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. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Copyright 2020 GLP. To date, the group has secured more than $800,000 in grants to deploy DCFC EV charging stations at six of our locations and has developed a spec for DCFC stations at new Alltown Fresh locations. United Kingdom - GLP Europe Eric Slifka: Thank you, Greg. 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). Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. By Francisco Alvarado. For full year 2022, interest expense increased $1.2 million to $81.3 million. Delivered first phase of 120 MW data center in Jiangsu Province, China. Solartility platform leases panels, storage batteries and bi-directional meters. GLP Capital Partners IV Profile: Returns & Limited Partners | PitchBook GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. 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. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. We now offer renewable products at half of our 22 owned or controlled terminals. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT Monoful is the business development arm of GLP Japan. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 304917 Latest Filing 26 Aug 2022 SEC No. Thrilled indeed! GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. GLP Capital Partners on LinkedIn: GLP Capital Partners maintains strong 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. Our combined investing and operating expertise allows us to create value for our customers and investors. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. How long this might continue is impossible to say at the moment. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. List of real estate investment firms - Wikipedia GLP Capital Partners Releases 2021 ESG Report - PR Newswire 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. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. GLP on LinkedIn: GLP Capital Partners maintains strong fundraising GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. This documentary-style series follows investigative journalists as they uncover the truth. 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 LP (NYSE:GLP) Q4 2022 Earnings Call Transcript #1400 This button displays the currently selected search type. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. 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. The fund is based in Santa Monica, California and invests in North America. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. 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 LP operates as an investment management company. GLP Capital Partners. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Global Partners had a return [] Haijin Zeng Terry - VP, Global Digital Transformation - GLP - LinkedIn Want to see what other hedge funds are holding GLP? EFFECTIVE DATE; SEC: This report is available on our website, and I encourage you to review it. GCP: Versatile strategy critical to deployment in US logistics - PERE 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. 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 | LinkedIn Angel, Fund of Funds, Venture Capital), General contact email for the organization. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Mar 2023 - Present1 month. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Caution and uncertainty are the popular themes. #GCP #GLP, Very exciting to be managingthis ETF! What does this mean for CRE professionals? #GCP #GLP Sep 2022 - Present7 months. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. *May exclude premium content Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. 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. All Rights Reserved. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. GLP Capital Partners Company Profile | Management and - Datanyze 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. Retailers faced a wide range of challenges in 2022. | Learn more about Melissa Ava Marshall MCIPD's . On the EV front, our sustainability group welcomed and electric innovation strategist to evaluate, educate and guide our strategy in the electric space, including electric vehicle and charger market. Glp J-reit 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 .
