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. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. GLPGCP GLP Capital Partners ""46 1250 . December 08, 2021 05:30 PM. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. GCP also invests in logistics technology companies from seed to growth equity stages. 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. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. 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. For the full year, Commercial segment product margin increased $25.4 million to $41 million. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. 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 net margin of 1.92% and a return on equity of 52.42%. 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. 10x easier to research good investments Achieved total IT load capacity of ~1,400 MW in China. 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. The fund is based in Santa Monica, California and invests in North America. #GCP #GLP, Very exciting to be managingthis ETF! We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Turning to our distribution. 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. All Rights Reserved. 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Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. The fund focuses on logistics asset class. 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. Shell Asset Management Co. Reduces Stock Holdings in GXO Logistics, Inc. (NYSE:GXO), Shell Asset Management Co. Decreases Stock Position in Hudbay Minerals Inc. (NYSE:HBM). He received his Bachelor of Science in Finance from Indiana University School of Business. 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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Operator: Good day, everyone, and welcome to the Global Partners . Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Brandywine Realty Trust. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Were proud of our long-shared history and culture with GLP and will continue to leverage our combined capabilities to create a powerful and unique ecosystem and value proposition for the benefit of our investors, customers and each other. Our combined investing and operating expertise allows us to create value for our customers and investors. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. How is GLP related to GLP Capital Partners? GLP Capital Partners is the exclusive investment and asset manager of GLP. We believe these assumptions are reasonable given currently available information. 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. 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. 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. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. To explore GLP Capital Partners IVs full profile, request access. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. GLP Capital Partners. The adviser's REGISTRATION status is listed below. Singapore. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Private Equity | GLP Investing in established and growth-stage businesses. 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. 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. Brixmor Property Group. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. 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. Arlington Asset Investment. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. AvalonBay Communities. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. #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. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. For the full year, DCF was $413.4 million compared with $120.7 million in '21. 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. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure Global Partners undertakes no obligation to revise or update any forward-looking statements. Purchased by MetLife Investment Management LLC. 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. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Thrilled indeed! G7 is a technology company backed by GLP. We now offer renewable products at half of our 22 owned or controlled terminals. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. Li & Fung is a global leader in creating customized, end-to-end supply chain and logistics solutions to help brands and retailers respond quickly to evolving consumer and production trends. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Selected profiles of other Operating Partners are also shown below. Many thanks to Emerge CM. 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. To learn more about GLP Capital Partners, visit www.gcp.com. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Watch below as Catherine discusses the Emerge EMPWR program as a stepping stone for other women in the industry.This program will be a role model for future female portfolio managers. This documentary-style series follows investigative journalists as they uncover the truth. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). This report is available on our website, and I encourage you to review it. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . Sean Geary: Good morning. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. Global Partners had a return [] We continue to have ample excess capacity in our credit facility. Looking at our upcoming Investor Relations calendar. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. All Rights Reserved. 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. #GCP #GLP Turning to our segment details. 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. 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. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Which One is Best? Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. 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. This is a boost from Global Partnerss previous quarterly dividend of $0.63. The Company focuses on providing logistics real estate investment management solutions. REGISTRATION STATUS . 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. 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 let me turn the call back to Eric for closing comments. 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. At the end of 2022, our GDSO portfolio consisted of 1,673 sites, comprised of 353 company-operated sites, 295 commission agents, 192 leasing dealers and 833 contract dealers. Want to see what other hedge funds are holding GLP? EFFECTIVE DATE; SEC: 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. 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 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. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. *May exclude premium content 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. #1400 Angel, Fund of Funds, Venture Capital), General contact email for the organization. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. It specializes in acquisitions, development, operations, technology, and e-commerce. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Under his leadership and vision, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach to growth and value creation and has since expanded into adjacent sectors and new markets. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. GLP reorganises global fund management platform to form GLP Capital Partners. 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. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. 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. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. 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 Sep 2022 - Present7 months. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Today's call will include forward-looking statements within the meaning of Federal securities laws. 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. Posted by MarketBeat News on Mar 3rd, 2023. The ex-dividend date of this dividend was Tuesday, February 7th. 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. Now, Greg, Mark and I will be happy to take your questions. Copyright 2020 GLP. 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. 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. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . We also continue to focus on optimizing our terminal network. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. #ABS #CLOs #HighYield, Principal and Director of Research at Buckingham Family of Financial Services, IMO the greatest anomaly in finance is despite horrific performance hedge fund assets have grown about 15x over past 30 years. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Americold. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. Who owns GLP? 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. 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 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. 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. Exclusive discounts on ALM and GlobeSt events. REGISTRATION STATUS. With that, now let me turn the call over to Greg for his financial review. 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. I manage the legals on acquisitions, dispositions . 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Caution and uncertainty are the popular themes. For full year 2022, interest expense increased $1.2 million to $81.3 million.
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