Can it be just a desire to be a "member of the club?" Were proud of our long-shared history and culture with GLP and will continue to leverage our combined capabilities to create a powerful and unique ecosystem and value proposition for the benefit of our investors, customers and each other. 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). GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . 13 min read. GLPs 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. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. 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. For full year 2022, interest expense increased $1.2 million to $81.3 million. 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. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Brixmor Property Group. 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. Want to see what other hedge funds are holding GLP? Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. People and culture are core to GLPs business and its global success. Sep 2022 - Present7 months. 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Our assumptions and future performance are subject to a wide range of business risks uncertainties and factors, which are described in our filings with the Securities and Exchange Commission, which could cause actual results to differ materially from the Partnership's historical experience and present expectations or projections. 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 Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. On a full year basis, SG&A was up $50.2 million to $263.1 million. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. 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. 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. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. "Institutional investment manager" isn't really what it sounds like: the term comes from 13F filings and includes unregistered and/or non-U.S. managers and even some entities that don't consider themselves managers at all -- the terms includes entities that exercise "investment discretion" over U.S.-listed securities and related options and warrants with an aggregate value of at least USD 100 million. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Now let me turn the call back to Eric for closing comments. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. 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. 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. We are thrilled to have learned from the creativity of these bright minds. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. Global Partners undertakes no obligation to revise or update any forward-looking statements. We continue to have ample excess capacity in our credit facility. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Achieved total IT load capacity of ~1,400 MW in China. *May exclude premium content This special Bloomberg program highlights the event's biggest interviews and news makers. 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, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. Join to view profile GLP Capital Partners . The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. 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. 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. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. GLPGCP GLP Capital Partners ""46 1250 . GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Boardwalk Real Estate Investment Trust. No need to worry, says Felipe Villarroel. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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. This information is available in the PitchBook Platform. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. 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. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Overnight on Wall Street is daytime in Asia. GDSO product margin was up $46.1 million in the quarter to $223.2 million. 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. 332 followers 329 connections. 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. Our team successfully navigated through these challenges. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. Why do investors keep destroying wealth? Now, Greg, Mark and I will be happy to take your questions. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. How long this might continue is impossible to say at the moment. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. 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. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. http://ow.ly/x8QN50MJ7X4 How is GLP related to GLP Capital Partners? Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. The Company focuses on providing logistics real estate investment management solutions. Thrilled indeed! Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. We encourage our people to think beyond the bounds of their roles and our industry by being innovative, sharing new ideas and working as a team. Today's call is being recorded. Passionate about delivering on HR principles of attracting, developing, and retaining talent. To learn more about GLP Capital Partners, visit www.gcp.com. 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. All Rights Reserved. GLP is a privately owned company incorporated in Singapore. 304917 Latest Filing 26 Aug 2022 SEC No. Copyright 2020 GLP. Hear the latest economic, business and market news, as well as global, national, and local news. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. 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. Several analysts have weighed in on GLP shares. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. The ex-dividend date of this dividend was Tuesday, February 7th. This button displays the currently selected search type. He received his Bachelor of Science in Finance from Indiana University School of Business. The fund is based in Santa Monica, California and invests in North America. GLP Capital Partners' Post GLP Capital Partners 1,707 followers 8h Today, we're excited to announce that we raised $12.3 billion in equity in 2022 across our real asset and private equity. Mar 2023 - Present1 month. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). 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. 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. I manage the legals on acquisitions, dispositions . GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners We are excited to work together on their flagship strategy! Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. Happy to be at the ETF conference in Miami sharing our story! The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. EFFECTIVE DATE; SEC: Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. GLP Capital Partners IV is a real estate value added fund managed by GCP. Live market coverage co-anchored from Hong Kong and New York. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . GLP Capital Partners. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. This consists of $153.4 million under our $1.1 billion working capital revolving credit facility and $99 million under our $450 million revolving credit facility at 12/31/22. 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. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 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. Ming Mei is co-Founder and CEO of GLP. AvalonBay Communities. Turning to the Commercial segment. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Where is GLP located? At this time, I'd like to turn the call over to Mr. Geary for opening remarks. Bank of America Corp DE now owns 90,092 shares of the energy companys stock worth $2,457,000 after acquiring an additional 15,360 shares during the last quarter. The segment's performance for both periods was driven largely by an increase in bunkering activity. 10x easier to find good investments Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Delivered first phase of 120 MW data center in Jiangsu Province, China. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. 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 Capital Partners, a global alternative asset manager with approximately $125 billion in. 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. This documentary-style series follows investigative journalists as they uncover the truth. 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. 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 Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. 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. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Private Equity | GLP Investing in established and growth-stage businesses. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Tower Research Capital LLC TRC decreased its holdings in shares of Global Partners LP (NYSE:GLP Get Rating) by 17.9% during the 3rd quarter, Holdings Channel.com reports. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. Several other hedge funds have also made changes to their positions in GLP. The value-add fund will invest into the logistics sector. 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. 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. 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 global company with headquarters in every country in which we operate 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. Institutional investors and hedge funds own 28.40% of the companys stock. Exclusive discounts on ALM and GlobeSt events. | Learn more about Melissa Ava Marshall MCIPD's . Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. REGISTRATION STATUS. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. We believe these assumptions are reasonable given currently available information. 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. This is a boost from Global Partnerss previous quarterly dividend of $0.63. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. GLP Capital Partners. 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. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Many thanks to Emerge CM. Today's call will include forward-looking statements within the meaning of Federal securities laws. Solartility platform leases panels, storage batteries and bi-directional meters. Monoful is the business development arm of GLP Japan. Copyright 2020 GLP. GLP is dedicated to incubating innovative technologies that enhance our businesses and assets by making them smarter and more efficient, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. To explore GLP Capital Partners IVs full profile, request access. All Rights Reserved. By Francisco Alvarado. This report is available on our website, and I encourage you to review it. This is the GL Capital Partners company profile. Turning to our distribution. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Sovereign Investor Leadership Conference March 2023 Menu TTM distribution coverage as of December 31, 2022, including the onetime special distribution was 3.4x or 3.3x after factoring in distributions to our preferred unitholders.
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