glp capital partners

Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. There are Four Different NOIs in a CRE Deal. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. AvalonBay Communities. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. 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. Boardwalk Real Estate Investment Trust. 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. 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. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Copyright 2020 GLP. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Arlington Asset Investment. G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. All Rights Reserved. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz 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. Now, Greg, Mark and I will be happy to take your questions. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. GCP is focused on uncovering advantaged opportunities in logistics real. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Corporate Finance & Alternative Asset Investment. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. With that, now let me turn the call over to Greg for his financial review. As Eric noted, diligent planning, effective fuel inventory management and solid execution by the entire team, allowed us to have continued strong performance in the fourth quarter of 2022, closing out a very strong year for the Partnership, highlighted by healthy margin contributions from all three segments of our business. 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 serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. We operate across Asia, Europe, and the Americas. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. 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. #GCP #GLP This report is available on our website, and I encourage you to review it. 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. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. 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. For the full year, DCF was $413.4 million compared with $120.7 million in '21. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 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. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Copyright 2020 GLP. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. Operator: Good day, everyone, and welcome to the Global Partners . https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Sign in or Register Sign in / Register Database LP search GP search How is GLP related to GLP Capital Partners? The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Markets never sleep, and neither does Bloomberg. GLP Capital Partners LP operates as an investment management company. Read more about GLP Capital Partners. 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 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. 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. GDSO product margin was up $46.1 million in the quarter to $223.2 million. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Annaly Capital Management. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. 617-542-5300 GLP@investorrelations.com GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. For those of you who are participating, we look forward to meeting with you. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. We encourage our people to think beyond the bounds of their roles and our industry by being innovative, sharing new ideas and working as a team. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. 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. Active, Closed, This describes the type of investor this organization is (e.g. On a full year basis, SG&A was up $50.2 million to $263.1 million. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. Located in Connecticut, Maine, Massachusetts and New Jersey, the terminals have an aggregate storage capacity of approximately 3.9 million barrels in locations that complement our network by making us more competitive in multiple products over a larger geographic base. 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. Eric Slifka: Thank you, Sean, and good morning, everyone. The value-add fund will invest into the logistics sector. You can update your choices at any time in your settings. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. To learn more about GLP Capital Partners, visit www.gcp.com. Watch our brand video Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. 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 Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. Happy to be at the ETF conference in Miami sharing our story! 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. This is a profile preview from the PitchBook Platform. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. Several analysts have weighed in on GLP shares. 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. Your article was successfully shared with the contacts you provided. Please go ahead, sir. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. 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. Shares of NYSE GLP opened at $34.99 on Friday. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. #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. 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. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. 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. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. This documentary-style series follows investigative journalists as they uncover the truth. 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. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Americold. How long this might continue is impossible to say at the moment. Gregory Hanson: Thank you, Eric, and good morning, everyone. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. All Rights Reserved. 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 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. REGISTRATION STATUS . Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. The ex-dividend date of this dividend was Tuesday, February 7th. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . The entity was formed on January 15, 2020 in the jurisdiction of Delaware. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. REGISTRATION STATUS. 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. 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. Thank you for joining us. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. This button displays the currently selected search type. GLP Capital Partners. 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. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. 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. 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. GLP CAPITAL PARTNERS, INC. ( CRD # 304917/SEC#:801-117132 ) GLP CAPITAL PARTNERS LP, GLP CAPITAL PARTNERS, INC. View latest Form ADV filed Part 2 Brochures. Very nice, congratulations on your and GLP's success, Alan. 12 Best Affordable Dividend Stocks to Buy, Stay Informed: Jerome Powells Policy Report & Important Economic Data, What cautious spending means for the US economy: YF Explains, 3 top tips for investors trying to weather the current economic storm: Strategist, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops. We also continue to focus on optimizing our terminal network. 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. I manage the legals on acquisitions, dispositions . 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. GLP reorganises global fund management platform to form GLP Capital Partners. 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. Why do investors keep destroying wealth? GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital .

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