Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. GLP Capital Partners Oct 2021 - Present 1 year 5 months. GLPGCP GLP Capital Partners ""46 1250 . The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. 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. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Already have an account? 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. 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. Luxembourg Alter Domus 2 ans 9 mois . Pacific Biosciences of California, Inc. (NASDAQ:PACB) Shares Sold by Shell Asset Management Co. Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Shell Asset Management Co. New Gold Inc. (NYSEAMERICAN:NGD) Shares Sold by Shell Asset Management Co. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Retailers faced a wide range of challenges in 2022. GLP reorganises global fund management platform to form GLP Capital Partners. | Learn more about Melissa Ava Marshall MCIPD's . When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. All Rights Reserved. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Mar 2023 - Present1 month. We continue to manage our balance sheet prudently. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. What does this mean for CRE professionals? Growth Strategy with GLP Group Leveraging GLP Group's expertise in managing logistics facilities to the greatest extent possible, GLP J-REIT will work to maximize unitholder value through our best-in-class (highest level) asset management, which is esteemed in Japan and around the world. Address: 100 Wilshire Blvd Ste 1400 Santa Monica, CA, 90401-1196 United States See other locations Phone: Website: www.glpcp.com Employees (this site): Modelled Employees (all sites): Modelled Revenue: Modelled Year Started: Unlock full sales materials and reports Contacts Get in Touch with 1 Principals* and 4 Contacts Adam Burnes Principal 10x easier to find good investments 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. G7 is a technology company backed by GLP. 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. Eric Slifka: Thank you, Greg. GLP is the largest shareholder of GLP Capital Partners. 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. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. You can update your choices at any time in your settings. This is a boost from Global Partnerss previous quarterly dividend of $0.63. This button displays the currently selected search type. Live market coverage co-anchored from Hong Kong and New York. The adviser's REGISTRATION status is listed below. 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. 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 current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Delivered first phase of 120 MW data center in Jiangsu Province, China. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Sean Geary: Good morning. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. 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. 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. 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. 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 had a net margin of 1.92% and a return on equity of 52.42%. All content is posted anonymously by employees working at GL Capital Partners. Markets never sleep, and neither does Bloomberg. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Your article was successfully shared with the contacts you provided. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. 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 is the GL Capital Partners company profile. 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With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Watch our brand video U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. The top 5 finals presented their entries and an awards presentation in November. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. GLP United Kingdom has a +15 year track record of developing and managing logistics real estate across United Kingdom, one of Europe's biggest logistics markets. 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. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. 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. Headquarters Location 100 Wilshire Blvd. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Hong Kong SAR. Selected profiles of other Operating Partners are also shown below. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz 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. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners Global Partners had a return [] GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Operator? The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. 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. At over $2.3 billion the fund, GLP . Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 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. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. "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. 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. Our team successfully navigated through these challenges. The energy . GLP Capital Partners IV is a real estate value added fund managed by GCP. 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. Copyright 2020 GLP. The segment's performance for both periods was driven largely by an increase in bunkering activity. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. This documentary-style series follows investigative journalists as they uncover the truth. 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 . I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: 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. GCP: Versatile strategy critical to deployment in US logistics Having a flexible deployment strategy and an enhanced focus on operations and asset management helps investors navigate an increasingly competitive market, say GLP Capital Partners' Adam Berns and Steve Crowe. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. 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. Fund name: GLP Capital Partners IV Fund size: $2.3 billion Target size: $2 billion Launch date: June 2020 Current status: Final close, July 2021 GLP Capital Partners has held a final close on their fourth flagship fund, the GLP Capital Partners IV.Successfully raising more than $2.3 billion, the vehicle will invest in logistics real estate throughout the US. #GCP #GLP, Very exciting to be managingthis ETF! During the same quarter in the previous year, the company earned $0.44 earnings per share. Win whats next. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Sustainability is a strategic priority across GLPs global business, and we are deeply committed to building a better future for our employees, customers and local communities. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure Achieved total IT load capacity of ~1,400 MW in China. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. All Rights Reserved. Very excited to be on this journey with GCP! Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 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. 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 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.. Global Partners undertakes no obligation to revise or update any forward-looking statements. Americold. #1400 The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. #GCP #GLP Turning to our segment details. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 617-542-5300 GLP@investorrelations.com Join to view profile GLP Capital Partners . The fund focuses on logistics asset class. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Thank you for joining us. We now offer renewable products at half of our 22 owned or controlled terminals. Annaly Capital Management. 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. Several analysts have weighed in on GLP shares. 304917 Latest Filing 26 Aug 2022 SEC No. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. With that, now let me turn the call over to Greg for his financial review. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. This is a profile preview from the PitchBook Platform. Find More Contacts for 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. GCP is focused on uncovering advantaged opportunities in logistics real. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. 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. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. 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. It specializes in acquisitions, development, operations, technology, and e-commerce. 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. 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.

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