Brandywine Realty Trust. 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. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Global Partnerss dividend payout ratio is 25.32%. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. 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. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. 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. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. GCP is focused on uncovering advantaged opportunities in logistics real. Corporate Finance & Alternative Asset Investment. No need to worry, says Felipe Villarroel. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. 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. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. Turning to the Commercial segment. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? This special Bloomberg program highlights the event's biggest interviews and news makers. 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. 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). GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP This years Innovation Summit featured finalists selected by the Earthshot council in addition to panelist speakers from heads of state, grassroots organizations and tech leaders. Our team successfully navigated through these challenges. REGISTRATION STATUS . 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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Monoful is the business development arm of GLP Japan. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. 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 IV is a real estate value added fund managed by GCP. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Solartility platform leases panels, storage batteries and bi-directional meters. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. 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. #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. 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. How long this might continue is impossible to say at the moment. Exclusive discounts on ALM and GlobeSt events. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. The top 5 finals presented their entries and an awards presentation in November. This is a profile preview from the PitchBook Platform. Find More Contacts for GLP Capital Partners. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. The value-add fund will invest into the logistics sector. Learn more in our Cookie Policy. Headquarters Location 100 Wilshire Blvd. G7 is a technology company backed by GLP. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . SEC / JURISDICTION. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 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. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. 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.. 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. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Now let me turn the call back to Eric for closing comments. I manage the legals on acquisitions, dispositions . 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. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. 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. GLP Capital Partners has announced a final close for GCP SecureSpace Property 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. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. This documentary-style series follows investigative journalists as they uncover the truth. All Rights Reserved. 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. EFFECTIVE DATE; SEC: The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. "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, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. Copyright 2020 GLP. Which One is Best? GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Our combined investing and operating expertise allows us to create value for our customers and investors. Overnight on Wall Street is daytime in Asia. 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. He received his Bachelor of Science in Finance from Indiana University School of Business. Singapore. In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. All Rights Reserved. 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. 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. Now, Greg, Mark and I will be happy to take your questions. 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. It specializes in acquisitions, development, operations, technology, and e-commerce. Global Fund Management, Capital Raising & Investor Relations. Very excited to be on this journey with GCP! 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. In December, we entered into a purchase agreement with Gulf Oil Limited partnership to acquire five of Gulf's refined product terminals for approximately $273 million in cash. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. #GCP #GLP, Very exciting to be managingthis ETF! Boardwalk Real Estate Investment Trust. 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. Gregory Hanson: Thank you, Eric, and good morning, everyone. 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 is the exclusive investment and asset manager of GLP. 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. Very nice, congratulations on your and GLP's success, Alan. What does this mean for CRE professionals? 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. The fund targets logistics sector. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Tower Research Capital LLC TRC decreased its holdings in shares of Global Partners LP (NYSE:GLP Get Rating) by 17.9% during the 3rd quarter, Holdings Channel.com reports. 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. The segment's performance for both periods was driven largely by an increase in bunkering activity. Operating expenses increased $25.2 million to $118 million for the fourth quarter and $91.7 million to $445.3 million for the full year. At over $2.3 billion the fund, GLP . Private Equity | GLP Investing in established and growth-stage businesses. To explore GLP Capital Partners IVs full profile, request access. Sign in or Register Sign in / Register Database LP search GP search Several analysts have weighed in on GLP shares. 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. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. We now offer renewable products at half of our 22 owned or controlled terminals. 2023 PitchBook. This report is available on our website, and I encourage you to review it. 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. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Copyright 2020 GLP. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. All Rights Reserved. We continue to have ample excess capacity in our credit facility. 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. Why do investors keep destroying wealth? The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Global Partners had a return [] Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. 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 is a boost from Global Partnerss previous quarterly dividend of $0.63. We continue to manage our balance sheet prudently. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. The ex-dividend date of this dividend was Tuesday, February 7th. GLP Capital Partners (GCP) Jan 2022- Present1 year 2 months New York, New York, United States Investments Director of Investments GLP Capital Partners (GCP) Sep 2018- Dec 20213 years 4 months. Many thanks to Emerge CM. This is the GL Capital Partners company profile. 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. 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. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. All Rights Reserved. All rights reserved. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Mar 2023 - Present1 month. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. 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. The Company focuses on providing logistics real estate investment management solutions. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. Want to see what other hedge funds are holding GLP? REGISTRATION STATUS. 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. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC 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. Annaly Capital Management. Selected profiles of other Operating Partners are also shown below. The company was formerly listed on SGX-ST between 2010 to 2018. We also continue to focus on optimizing our terminal network. Our combined global experience and expertise allow us to build businesses create value for our partners Please go ahead, sir. 10x easier to research good investments #1400 Your article was successfully shared with the contacts you provided. To continue reading the Q&A session, please click here. 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. Ming Mei is co-Founder and CEO of GLP. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Crow Holdings Capital consists of a cycle-tested team with a long history of investing in its flagship value-add fund series and will provide LPs access to a diversified portfolio of assets across the industrial, multifamily, and specialty sectors. 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. 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. During the same quarter in the previous year, the company earned $0.44 earnings per share. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. We believe these assumptions are reasonable given currently available information. 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. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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. 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. Who owns GLP? Looking at our upcoming Investor Relations calendar. 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. 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 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.