Find More Contacts for GLP Capital Partners. Global Partnerss dividend payout ratio is 25.32%. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. EFFECTIVE DATE; SEC: Retailers faced a wide range of challenges in 2022. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. 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. Your article was successfully shared with the contacts you provided. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. 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. Goldman Sachs Group Inc. now owns 193,521 shares of the energy companys stock worth $4,548,000 after acquiring an additional 57,422 shares during the last quarter. 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. People and culture are core to GLPs business and its global success. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. The company was formerly listed on SGX-ST between 2010 to 2018. 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. 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. We now offer renewable products at half of our 22 owned or controlled terminals. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. Today's call is being recorded. | Learn more about Melissa Ava Marshall MCIPD's . The increases were largely associated with our GDSO operations, including our recent acquisitions, reflecting higher credit card fees related to increases in volume and price, higher salary and rent expenses, partially due to greater activity at our stores and increases in our environmental reserve and maintenance and repair expenses. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. This information is available in the PitchBook Platform. 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.. MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. MetLife Investment Management LLC Boosts Stake in MannKind Co. MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. (NASDAQ:KDNY), 61,368 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Purchased by MetLife Investment Management LLC, MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. (NYSE:WNC), MetLife Investment Management LLC Boosts Stake in MannKind Co. (NASDAQ:MNKD), MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. (NASDAQ:ME), MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. (NASDAQ:TGTX), MetLife Investment Management LLC Has $414,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), MetLife Investment Management LLC Raises Holdings in Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), MetLife Investment Management LLC Purchases 7,570 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH), MetLife Investment Management LLC Has $418,000 Holdings in Morphic Holding, Inc. (NASDAQ:MORF), UMH Properties, Inc. (NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). Private Equity | GLP Investing in established and growth-stage businesses. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 617-542-5300
[email protected] The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Mar 2023 - Present1 month. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . Copyright 2020 GLP. Americold. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 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. 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. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. 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. 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. 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. 13 min read. 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. All Rights Reserved. This special Bloomberg program highlights the event's biggest interviews and news makers. 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? 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. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. This is a profile preview from the PitchBook Platform. 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. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz 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. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. 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. 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. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. We believe these assumptions are reasonable given currently available information. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Our team successfully navigated through these challenges. We are thrilled to have learned from the creativity of these bright minds. 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. Turning to our segment details. 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. Read more about GLP Capital Partners. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. 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. 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. There are Four Different NOIs in a CRE Deal. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. 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. 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 Capital Partners is the exclusive investment and asset manager of GLP. Sep 2022 - Present7 months. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. At over $2.3 billion the fund, GLP . SEC / JURISDICTION. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Operator? He received his Bachelor of Science in Finance from Indiana University School of Business. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. For more information on GLPs ESG efforts, visit: glp.com/global/impact. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. Posted by MarketBeat News on Mar 3rd, 2023. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. 2023 PitchBook. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Eric Slifka: Thank you, Sean, and good morning, everyone. We continue to have ample excess capacity in our credit facility. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. The top 5 finals presented their entries and an awards presentation in November. For the full year, DCF was $413.4 million compared with $120.7 million in '21. 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. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Several other hedge funds have also made changes to their positions in GLP. Markets never sleep, and neither does Bloomberg. Today's call will include forward-looking statements within the meaning of Federal securities laws. You can update your choices at any time in your settings. 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. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. GLP has launched a number of initiatives to pursue renewable energy development including rooftop solar on our global logistics real estate portfolio, wind assets and energy storage solutions. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Achieved total IT load capacity of ~1,400 MW in China. 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. Very excited to be on this journey with GCP! 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. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. To learn more about GLP Capital Partners, visit www.gcp.com. 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 GLP Pte Ltd (formerly Global Logistic Properties Limited) converted to a private company after delisting from the Singapore Exchange Securities Trading Limited (SGX-ST) on 22 January 2018. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. We also continue to focus on optimizing our terminal network. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. 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. Brookfield Property Partners. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. We also have offices in Singapore and Hong Kong. Institutional investors and hedge funds own 28.40% of the companys stock. Many thanks to Emerge CM. 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. Which One is Best? 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. Overnight on Wall Street is daytime in Asia. 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. 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. 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 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. The segment's performance for both periods was driven largely by an increase in bunkering activity. *May exclude premium content The company announced the . 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. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Solartility platform leases panels, storage batteries and bi-directional meters. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Monoful is the business development arm of GLP Japan. All Rights Reserved. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. #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. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. Live market coverage co-anchored from Hong Kong and New York. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Delivered first phase of 120 MW data center in Jiangsu Province, China. The ex-dividend date of this dividend was Tuesday, February 7th. Annaly Capital Management. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. GLP is the largest shareholder of GLP Capital Partners. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Contacts Dafna Tapiero
[email protected] 202-776-7776 GLP. GCP also invests in logistics technology companies from seed to growth equity stages. 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 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. REGISTRATION STATUS. 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. 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. 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. BNP Paribas Arbitrage SA now owns 76,081 shares of the energy companys stock worth $1,788,000 after acquiring an additional 58,550 shares during the last quarter. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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 company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . Hong Kong SAR. AvalonBay Communities. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. 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. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Very nice, congratulations on your and GLP's success, Alan. What does this mean for CRE professionals? Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. 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. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. http://ow.ly/x8QN50MJ7X4 The adviser's REGISTRATION status is listed below. This documentary-style series follows investigative journalists as they uncover the truth. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Already have an account? GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. "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.