Our combined global experience and expertise allow us to build businesses create value for our partners The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Global Partners had a return [] 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. GLP Capital Partners LP - Company Profile and News Tower Research Capital LLC TRC Has $285,000 Stock Holdings in Global Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. Win whats next. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. The company announced the . Institutional investors and hedge funds own 28.40% of the companys stock. For full year 2022, interest expense increased $1.2 million to $81.3 million. With that, now let me turn the call over to Greg for his financial review. For the full year, DCF was $413.4 million compared with $120.7 million in '21. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Looking at our upcoming Investor Relations calendar. 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Copyright 2020 GLP. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. 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. 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 GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. Paul D. - Analyst - GLP Capital Partners | LinkedIn 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. December 08, 2021 05:30 PM. All Rights Reserved. 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. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Retailers faced a wide range of challenges in 2022. 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. The energy . Global Partners LP - Investor Relations Annaly Capital Management. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. This documentary-style series follows investigative journalists as they uncover the truth. 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 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. The top 5 finals presented their entries and an awards presentation in November. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. 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. Oscar Wong - Managing Director - GLP Capital Partners (GCP) | LinkedIn For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. How is GLP related to GLP Capital Partners? 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. 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Americold. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Is Global Partners LP (GLP) . At this time, I'd like to turn the call over to Mr. Geary for opening remarks. GCP targets $2bn capital raise for new US industrial fund Copyright 2020 GLP. This is a boost from Global Partnerss previous quarterly dividend of $0.63. 304917 Latest Filing 26 Aug 2022 SEC No. 10x easier to find good investments GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Sep 2022 - Present7 months. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. For more information on GLPs ESG efforts, visit: glp.com/global/impact. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Delivered first phase of 120 MW data center in Jiangsu Province, China. GLP on LinkedIn: GLP Capital Partners maintains strong fundraising Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). "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. United Kingdom - GLP Europe Our team successfully navigated through these challenges. GDSO product margin was up $46.1 million in the quarter to $223.2 million. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. GLP | LinkedIn I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: List of real estate investment firms - Wikipedia Luxembourg Alter Domus 2 ans 9 mois . 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Very excited to be on this journey with GCP! 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. During the same quarter in the previous year, the company earned $0.44 earnings per share. Watch our brand video 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. Arlington Asset Investment. 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. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. 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. The segment's performance for both periods was driven largely by an increase in bunkering activity. 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. Global Partners LP (GLP) Q4 2022 Earnings Call Transcript 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. Global Partners undertakes no obligation to revise or update any forward-looking statements. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. It specializes in acquisitions, development, operations, technology, and e-commerce. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz 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. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. 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. 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 reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Learn more in our Cookie Policy. 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. The Company focuses on providing logistics real estate investment management solutions. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. The JVwill explore a range of opportunities including creating smart energy systems for commercial properties, providing renewable energy to logistics assets and expanding energy storage capabilities for rooftop solar panels and also test the viability of autonomous vehicles in logistics management and transportation to develop green smart supply chain hubs. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. 617-542-5300 GLP@investorrelations.com Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. 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. 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. GLP Capital LP - Company Profile and News - Bloomberg.com GLP Capital Partners IV Profile: Returns & Limited Partners | PitchBook The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Corporate Finance & Alternative Asset Investment. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. As General Counsel & Chief Administrative Officer I sit on the GLP Europe management team and am responsible for all legal, compliance, regulatory, risk management and governance matters in Europe, as well as Marketing & Communications. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . SEC / JURISDICTION. Can it be just a desire to be a "member of the club?" GLP Capital Partners (GLP Capital Partners) - Real Estate Company GLP Capital Partners on LinkedIn: GLP Capital Partners maintains strong Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. How long this might continue is impossible to say at the moment. GLP Capital Partners IV is a real estate value added fund managed by GCP. GLP Capital Partners. 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. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. 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. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Eric Slifka: Thank you, Sean, and good morning, everyone. GLP Capital Partners on LinkedIn: GLP Capital Partners announces new For the first time, "institutional investment managers" have to disclose how they're voting proxies on their (or their clients') holdings of US-listed securities with respect to executive compensation matters. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Live market coverage co-anchored from Hong Kong and New York. What does this mean for CRE professionals? 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. This is the GL Capital Partners company profile. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. We continue to manage our balance sheet prudently. 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. GLP is the largest shareholder of GLP Capital Partners. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. 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. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Many thanks to Emerge CM. This special Bloomberg program highlights the event's biggest interviews and news makers. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Looking at expenses. Today's call is being recorded. 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. We also have offices in Singapore and Hong Kong. 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. The ex-dividend date of this dividend was Tuesday, February 7th. GLP Capital Partners Company Profile | Management and - Datanyze Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers.
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