It specializes in acquisitions, development, operations, technology, and e-commerce. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. We are excited to work together on their flagship strategy! We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Today's call will include forward-looking statements within the meaning of Federal securities laws. The company was formerly listed on SGX-ST between 2010 to 2018. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. For full year 2022, interest expense increased $1.2 million to $81.3 million. 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. Processes that used to be manual, such as dispatching, are now automated, allowing for much more precision and complexity, while predictive analytics and safety features mean fewer accidents. Join to view profile GLP Capital Partners . Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Private Equity | GLP Investing in established and growth-stage businesses. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. 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. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Our team successfully navigated through these challenges. Eric Slifka: Thank you, Sean, and good morning, everyone. 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. This information is available in the PitchBook Platform. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. This is a boost from Global Partnerss previous quarterly dividend of $0.63. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Arlington Asset Investment. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. GLP is a privately owned company incorporated in Singapore. 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. 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. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). 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). There are Four Different NOIs in a CRE Deal. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. 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. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. 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. 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Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. 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. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. 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. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. 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. 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. Watch our brand video Pallas Capital Advisors LLC now owns 1,382,449 shares of the energy companys stock worth $46,312,000 after purchasing an additional 36,458 shares in the last quarter. Global Partners had a return [] The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. GLP Capital Partners (GCP) Jan 2022- Present1 year 2 months New York, New York, United States Investments Director of Investments GLP Capital Partners (GCP) Sep 2018- Dec 20213 years 4 months. 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. 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 Institutional investors and hedge funds own 28.40% of the companys stock. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. GLP Capital Partners. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. To learn more about GLP Capital Partners, visit www.gcp.com. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. Now, Greg, Mark and I will be happy to take your questions. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. All Rights Reserved. Copyright 2023 ALM Global, LLC. Hong Kong SAR. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Shares of NYSE GLP opened at $34.99 on Friday. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. 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. This report is available on our website, and I encourage you to review it. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Learn more in our Cookie Policy. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. The adviser's REGISTRATION status is listed below. To continue reading the Q&A session, please click here. Posted by MarketBeat News on Mar 3rd, 2023. GLPGCP GLP Capital Partners ""46 1250 . We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Mar 2023 - Present1 month. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. 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 maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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. The value-add fund will invest into the logistics sector. 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. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. 2023 PitchBook. GLP Capital Partners IV is a real estate value added fund managed by GCP. 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. 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. Corporate Finance & Alternative Asset Investment. 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? Operator? As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Achieved total IT load capacity of ~1,400 MW in China. Turning to the Commercial segment. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. 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. This is the GL Capital Partners company profile. 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. 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. 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. Annaly Capital Management. Edit Lists Featuring This Company Section, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors, GLP Capital Partners buys Riverside County industrial site for $90 million, GLP Capital Partners Releases 2021 ESG Report, Venture Capital Investors with Investments in Denver, Colorado, Early Stage Venture Investors with Investments in Greater Seattle Area. GLP Capital Partners Oct 2021 - Present 1 year 5 months. 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 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. 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. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. #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. Live market coverage co-anchored from Hong Kong and New York. 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. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. 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. Bloomberg Daybreak Asia. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. This is a profile preview from the PitchBook Platform. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Delivered first phase of 120 MW data center in Jiangsu Province, China. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. 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. Eric Slifka: Thank you, Greg. 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. 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 With that, now let me turn the call over to Greg for his financial review. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 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. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. This documentary-style series follows investigative journalists as they uncover the truth. No need to worry, says Felipe Villarroel. We continue to have ample excess capacity in our credit facility. Ming Mei is co-Founder and CEO of GLP. 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. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Several other hedge funds have also made changes to their positions in GLP. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Where the organization is headquartered (e.g. 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Our combined global experience and expertise allow us to build businesses create value for our partners For more information on GLPs ESG efforts, visit: glp.com/global/impact. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Monoful is the business development arm of GLP Japan. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. All rights reserved. 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. 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. Want to see what other hedge funds are holding GLP? 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.

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