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. Join to view profile GLP Capital Partners . Where is GLP located? The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. All Rights Reserved. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. People and culture are core to GLPs business and its global success. 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. GCP is focused on uncovering advantaged opportunities in logistics real. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. Win whats next. 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. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Today's call will include forward-looking statements within the meaning of Federal securities laws. 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. Sep 2022 - Present7 months. How long this might continue is impossible to say at the moment. Corporate Finance & Alternative Asset Investment. To continue reading the Q&A session, please click here. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. 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. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. 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. REGISTRATION STATUS . Several analysts have weighed in on GLP shares. Exclusive discounts on ALM and GlobeSt events. Active, Closed, This describes the type of investor this organization is (e.g. We now offer renewable products at half of our 22 owned or controlled terminals. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. 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. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). Hong Kong SAR. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. GLP Capital Partners (GCP) is planning to raise $2bn (1.6bn) for its value-add US industrial fund GLP Capital Partners IV, according to sources. 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. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Where the organization is headquartered (e.g. Eric Slifka: Thank you, Greg. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. 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. Solartility platform leases panels, storage batteries and bi-directional meters. 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. With that, now let me turn the call over to Greg for his financial review. Many thanks to Emerge CM. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. 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. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . This special Bloomberg program highlights the event's biggest interviews and news makers. 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. Hear the latest economic, business and market news, as well as global, national, and local news. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. The energy . 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.. Sean Geary: Good morning. Copyright 2020 GLP. 13 min read. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. 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. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 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. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Sustainability is a strategic priority across GLPs global business, and we are deeply committed to building a better future for our employees, customers and local communities. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. 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. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Global Partners had a return [] Santa Monica, California, United States 1-10 Venture Capital Early Stage Venture www.glpcp.com/ 10,144 Highlights Investments 6 Employee Profiles 5 Contacts 21 Similar Companies 5 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 G7 is a technology company backed by GLP. 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. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. This documentary-style series follows investigative journalists as they uncover the truth. 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. 2023 PitchBook. 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. Markets never sleep, and neither does Bloomberg. Purchased by MetLife Investment Management LLC. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. #1400 Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. 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. 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. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. GLP is the largest shareholder of GLP Capital Partners. 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. To learn more about GLP Capital Partners, visit www.gcp.com. What does this mean for CRE professionals? Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. 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. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. 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 Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. The ex-dividend date of this dividend was Tuesday, February 7th. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure All Rights Reserved. 304917 Latest Filing 26 Aug 2022 SEC No. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Select Accept to consent or Reject to decline non-essential cookies for this use. Ming Mei is co-Founder and CEO of GLP. 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. 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. Happy to be at the ETF conference in Miami sharing our story! Angel, Fund of Funds, Venture Capital), General contact email for the organization. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Very excited to be on this journey with GCP! GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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. Posted by MarketBeat News on Mar 3rd, 2023. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. This is the GL Capital Partners company profile. Can it be just a desire to be a "member of the club?" As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. 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. Please go ahead, sir. Headquarters Location 100 Wilshire Blvd. GLP Capital Partners IV is a real estate value added fund managed by GCP. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. 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. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. For those of you who are participating, we look forward to meeting with you. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. For full year 2022, interest expense increased $1.2 million to $81.3 million. Boston Properties. 10x easier to research good investments GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Why do investors keep destroying wealth? For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Our #pwcrealestate Tax Service News summarizes the new legislation and gives an update of the currently applicable RETT rates at chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lnkd.in/eNUEvkYH, Chief Human Resources Officer at GLP Capital Partners (GCP), Thrilled indeed! We also continue to focus on optimizing our terminal network. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Brixmor Property Group. During the same quarter in the previous year, the company earned $0.44 earnings per share. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Turning to the Commercial segment. 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. 332 followers 329 connections. Our combined global experience and expertise allow us to build businesses create value for our partners Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. All Rights Reserved. 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. 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. 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. The fund is based in Santa Monica, California and invests in North America. 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. Eric Slifka: Thank you, Sean, and good morning, everyone. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners GLP is a privately owned company incorporated in Singapore. 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. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Our combined investing and operating expertise allows us to create value for our customers and investors. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. No need to worry, says Felipe Villarroel. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. 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. We are excited to work together on their flagship strategy! Find More Contacts for 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. #GCP #GLP, Very exciting to be managingthis ETF! GLP Capital Partners is the exclusive investment and asset manager of GLP. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Copyright 2020 GLP. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Covering Brazil, Vietnam & PE funds. 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. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial.
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