We also continue to focus on optimizing our terminal network. 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. The adviser's REGISTRATION status is listed below. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. 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. We are thrilled to have learned from the creativity of these bright minds. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. EFFECTIVE DATE; SEC: UBS Group AG now owns 70,415 shares of the energy companys stock valued at $1,655,000 after buying an additional 53,964 shares during the last quarter. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Operator: Good day, everyone, and welcome to the Global Partners . BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. 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 Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . 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. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. 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 is a privately owned company incorporated in Singapore. 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. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. 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. Covering Brazil, Vietnam & PE funds. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. For the full year, Commercial segment product margin increased $25.4 million to $41 million. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Hong Kong SAR. Mar 2023 - Present1 month. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). 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. Our combined investing and operating expertise allows us to create value for our customers and investors. Private Equity | GLP Investing in established and growth-stage businesses. 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 Corporate Finance & Alternative Asset Investment. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Exclusive discounts on ALM and GlobeSt events. REGISTRATION STATUS . I manage the legals on acquisitions, dispositions . Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. G7 is a technology company backed by GLP. 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 GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Thrilled indeed! The Company focuses on providing logistics real estate investment management solutions. 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. What does this mean for CRE professionals? 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. 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. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. #1400 Brandywine Realty Trust. Please go ahead, sir. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Join to view profile GLP Capital Partners . 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. 332 followers 329 connections. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. GLP Capital Partners Scores $64M Construction Loan For Doral Logistics Project As demand outpaces supply in South Florida's industrial market, GLP Capital Partners scored a $64.2 million construction loan for a new logistics park in Doral, The Real Deal has learned. At over $2.3 billion the fund, GLP . How long this might continue is impossible to say at the moment. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. 10x easier to find good investments 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. 617-542-5300 GLP@investorrelations.com 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. Thank you for joining us. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. Turning to our segment details. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Several other hedge funds have also made changes to their positions in GLP. #partnership#privateequity#fundraising. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure Many thanks to Emerge CM. 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Turning to our distribution. 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. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. How is GLP related to GLP Capital Partners? 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. 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. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. Headquarters Location 100 Wilshire Blvd. 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. 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. All content is posted anonymously by employees working at GL Capital Partners. Monoful is the business development arm of GLP Japan. Why do investors keep destroying wealth? 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.. 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. Can it be just a desire to be a "member of the club?" 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. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Select Accept to consent or Reject to decline non-essential cookies for this use. 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. GLPGCP GLP Capital Partners ""46 1250 . Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. 2023 PitchBook. 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. Copyright 2020 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. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. 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 Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. 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. #ABS #CLOs #HighYield, Principal and Director of Research at Buckingham Family of Financial Services, IMO the greatest anomaly in finance is despite horrific performance hedge fund assets have grown about 15x over past 30 years. 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. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners | Learn more about Melissa Ava Marshall MCIPD's . 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. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. Bloomberg Daybreak Asia. All Rights Reserved. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. 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. 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. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. To explore GLP Capital Partners IVs full profile, request access. Singapore. 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. In addition, in the fourth quarter, we incurred an expense of approximately $7.5 million in connection with an ongoing dispute between us and a landlord at certain of our sites, which we are currently disputing. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. Where is GLP located? The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. Happy to be at the ETF conference in Miami sharing our story! 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. The gasoline distribution contribution to product margin was up $36.2 million to $155.9 million, primarily due to higher fuel margin and an increase in volumes sold, partially due to our recent acquisitions. REGISTRATION STATUS. #GCP #GLP The entity was formed on January 15, 2020 in the jurisdiction of Delaware. 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. 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. As an early mover who saw the potential in building a smart logistics ecosystem ahead of its time, Hidden Hill Capital has, since 2018, invested RMB 6 billion in more than 50 companies in the fields of digital supply chain and logistics technology such as modern logistics service systems and food supply chains. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. Today's call is being recorded. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. December 08, 2021 05:30 PM. Several analysts have weighed in on GLP shares. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Retailers faced a wide range of challenges in 2022. 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. (NASDAQ:ME), MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. (NASDAQ:TGTX), MetLife Investment Management LLC Has $414,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), MetLife Investment Management LLC Raises Holdings in Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), MetLife Investment Management LLC Purchases 7,570 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH), MetLife Investment Management LLC Has $418,000 Holdings in Morphic Holding, Inc. (NASDAQ:MORF), UMH Properties, Inc. (NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). 10x easier to research good investments 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. 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. This documentary-style series follows investigative journalists as they uncover the truth. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. We continue to have ample excess capacity in our credit facility. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. There are Four Different NOIs in a CRE Deal. 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. Register here:https://lnkd.in/d5fUjbPC, Partner bei PricewaterhouseCoopers GmbH Wirtschaftsprfungsgesellschaft, New legislation on RETT filing duties in case of share deals has been passed by the legislator putting even more emphasis on correct and timely RETT filings. #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 also have offices in Singapore and Hong Kong. To continue reading the Q&A session, please click here. 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. 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. Boston Properties. The top 5 finals presented their entries and an awards presentation in November. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Posted by MarketBeat News on Mar 3rd, 2023. 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. 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. BNP Paribas Arbitrage SA now owns 76,081 shares of the energy companys stock worth $1,788,000 after acquiring an additional 58,550 shares during the last quarter. 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. 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. All Rights Reserved. Strategic Partners 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. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! 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. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Which One is Best? 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 Capital Partners LP operates as an investment management company. Angel, Fund of Funds, Venture Capital), General contact email for the organization. GLP Capital Partners IV is a real estate value added fund managed by GCP. 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. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. People and culture are core to GLPs business and its global success. Now let me turn the call back to Eric for closing comments. GLP Capital Partners is the exclusive investment and asset manager of GLP. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. 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. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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.

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