This documentary-style series follows investigative journalists as they uncover the truth. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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. You can update your choices at any time in your settings. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. http://ow.ly/x8QN50MJ7X4 GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. 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 #GLP, Very exciting to be managingthis ETF! Delivered first phase of 120 MW data center in Jiangsu Province, China. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. TTM distribution coverage as of December 31, 2022, including the onetime special distribution was 3.4x or 3.3x after factoring in distributions to our preferred unitholders. 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. *May exclude premium content GCP targets $2bn capital raise for new US industrial fund 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. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. CapEx in the fourth quarter of 2022 was approximately $41 million, consisting of $26.6 million of maintenance CapEx and $14.4 million of expansion CapEx, the majority of which relates to our convenience stores. 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. We also have offices in Singapore and Hong Kong. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. Copyright 2020 GLP. Monoful is the business development arm of GLP Japan. 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. 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. Passionate about delivering on HR principles of attracting, developing, and retaining talent. GLP Capital LP - Company Profile and News - Bloomberg.com The fund focuses on logistics asset class. We also continue to focus on optimizing our terminal network. glp, 1250 | Iir Sovereign Investor Leadership Conference March 2023 Menu We now offer renewable products at half of our 22 owned or controlled terminals. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. #GCP #GLP 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. GLP Capital Partners Closes $2.3B Logistics Fund | GlobeSt 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. 13 min read. Our #pwcrealestate Tax Service News summarizes the new legislation and gives an update of the currently applicable RETT rates at chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lnkd.in/eNUEvkYH, Chief Human Resources Officer at GLP Capital Partners (GCP), Thrilled indeed! Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Boston Properties. The top 5 finals presented their entries and an awards presentation in November. Bloomberg Daybreak Asia. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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. GLP Capital Partners - CB Insights I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: glp capital partners | DiGiacomo Group Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . GLP Capital Partners LP - Company Profile and News - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. #1400 Several other hedge funds have also made changes to their positions in GLP. Which One is Best? GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. Rachel A Walker - General Counsel & Chief Administrative Officer 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. Eric Slifka: Thank you, Greg. We operate across Asia, Europe, and the Americas. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. 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. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. | Learn more about Melissa Ava Marshall MCIPD's . Global Fund Management, Capital Raising & Investor Relations. Global Partners undertakes no obligation to revise or update any forward-looking statements. How is GLP related to GLP Capital Partners? 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. Select Accept to consent or Reject to decline non-essential cookies for this use. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. 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). 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. Now let me turn the call back to Eric for closing comments. 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 Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. All Rights Reserved. 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. Bank of America Corp DE now owns 90,092 shares of the energy companys stock worth $2,457,000 after acquiring an additional 15,360 shares during the last quarter. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. He received his Bachelor of Science in Finance from Indiana University School of Business. Today's call is being recorded. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo! Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new The company was formerly listed on SGX-ST between 2010 to 2018. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. AvalonBay Communities. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. 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On a full year basis, SG&A was up $50.2 million to $263.1 million. GLP Capital Partners on LinkedIn: GLP Capital Partners announces new We're excited to share the new GLP Capital Partners (GCP) and GLP structure. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. GLP 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Strategic Partners | GLP GLP Capital Partners - Crunchbase Investor Profile & Investments How long this might continue is impossible to say at the moment. This is a boost from Global Partnerss previous quarterly dividend of $0.63. 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. 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. GLP Capital Partners Scores $64M Loan For Doral Project GLP is a privately owned company incorporated in Singapore. Copyright 2020 GLP. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. GLP Capital Partners raise $1.5bn | PERE GLP Capital Partners IV Profile: Returns & Limited Partners | PitchBook Brixmor Property Group. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Turning to the Commercial segment. Retailers faced a wide range of challenges in 2022. 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. Laurel Casey - Vice President - Investments - GLP Capital Partners GLP Capital Partners (GLP Capital Partners) - Real Estate Company Brookfield Property Partners. 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. 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. GLP Capital Partners Closes $2.3B Logistics Property Fund This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Win whats next. 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. 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. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. During the same quarter in the previous year, the company earned $0.44 earnings per share. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. GLP Capital Partners IV is a real estate value added fund managed by GCP. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Private Equity | GLP Investing in established and growth-stage businesses. The value-add fund will invest into the logistics sector. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. 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. By Francisco Alvarado. 304917 Latest Filing 26 Aug 2022 SEC No. 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. The fund is based in Santa Monica, California and invests in North America. 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. 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 Tower Research Capital LLC TRC Has $285,000 Stock Holdings in Global 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. 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. 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. Why do investors keep destroying wealth? We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Want to see what other hedge funds are holding GLP? Find More Contacts for GLP Capital Partners. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021.
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