glp capital partners

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. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. 2023 PitchBook. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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. To date, the group has secured more than $800,000 in grants to deploy DCFC EV charging stations at six of our locations and has developed a spec for DCFC stations at new Alltown Fresh locations. All Rights Reserved. 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 The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . #partnership#privateequity#fundraising. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. 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. Looking at our upcoming Investor Relations calendar. These statements include projections, expectations and estimates concerning the future financial and operational performance of Global Partners, which are based on assumptions regarding market conditions, demand for liquid energy products and convenience store products, the regulatory and permitting environment, the forward product pricing curve and other factors, which could influence our financial results. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. The company announced the . GCP is focused on uncovering advantaged opportunities in logistics real. 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. 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. 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. Corporate Finance & Alternative Asset Investment. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 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. Bloomberg Daybreak Asia. G7 is a technology company backed by GLP. 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. Sean Geary: Good morning. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. To explore GLP Capital Partners IVs full profile, request access. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. 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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Boston Properties. #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. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Americold. There are Four Different NOIs in a CRE Deal. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. GLP Capital Partners IV is a real estate value added fund managed by GCP. G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. 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. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. 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. Sign in or Register Sign in / Register Database LP search GP search 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. 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. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. 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. Caution and uncertainty are the popular themes. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). This special Bloomberg program highlights the event's biggest interviews and news makers. All rights reserved. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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. 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. 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. 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. 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. 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. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Sovereign Investor Leadership Conference March 2023 Menu Please go ahead, sir. | Learn more about Melissa Ava Marshall MCIPD's . Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. 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. 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. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. Boardwalk Real Estate Investment Trust. As Eric noted, diligent planning, effective fuel inventory management and solid execution by the entire team, allowed us to have continued strong performance in the fourth quarter of 2022, closing out a very strong year for the Partnership, highlighted by healthy margin contributions from all three segments of our business. Our combined global experience and expertise allow us to build businesses create value for our partners Copyright 2020 GLP. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. GLP Capital Partners Oct 2021 - Present 1 year 5 months. GLPGCP GLP Capital Partners ""46 1250 . Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. For the full year, DCF was $413.4 million compared with $120.7 million in '21. With that, now let me turn the call over to Greg for his financial review. Live market coverage co-anchored from Hong Kong and New York. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations 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. An investor who invested $10,000 in Warren Buffett's hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees . Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. We continue to manage our balance sheet prudently. 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 retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. http://ow.ly/x8QN50MJ7X4 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? How is GLP related to GLP Capital Partners? This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. 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. 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. 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. 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. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. This is a boost from Global Partnerss previous quarterly dividend of $0.63. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. 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. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Turning to our distribution. 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 PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. Several other hedge funds have also made changes to their positions in GLP. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. 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. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. 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. REGISTRATION STATUS. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz No need to worry, says Felipe Villarroel. 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. December 08, 2021 05:30 PM. GLP was founded by Ming Mei and Jeff Schwartz as a developer and operator of logistics real estatewith operations in Japan and China, Listed on the Singapore Stock Exchange in the largest ever real estate IPO globally, Entered Brazil market as market leader with acquisition of $1.45B platform, Listed $1.3B GLP J-REIT (TSE: 3281) on Tokyo Stock Exchange - the largest real estate IPO in Japan, AUM grows to $11B with launch of first development fund in China and expansion of development vehicle in Japan, Enter the U.S. through the $8B acquisition of IndCorfrom Blackstone and becomes second largest logistics real estate owner in the U.S. within 12 months, Entered Europe market through the $2.8B acquisition of Gazeley and doubled Europe AUM within a year, GLP delists from SGX in $12B transaction, the largest of a listed company in Asia, GLP enters India via strategic partnership with IndoSpace, GLP sells 179M sq ft of U.S. assets to Blackstone for $18.7B, the largest-ever private real estate transaction globally, AUM grows to $89B following announcement of strategic investment partnership with China Merchants Capital, Global business expands to 17countries following acquisition of European portfolioand entry into Vietnam, Private equity business acquiresstake in Li & Fung, GLP C-REIT (508056:CH) is among the first batch of nine C-REITs to be listed in China. Overnight on Wall Street is daytime in Asia. For those of you who are participating, we look forward to meeting with you. Our team successfully navigated through these challenges. 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Institutional investors and hedge funds own 28.40% of the companys stock. He received his Bachelor of Science in Finance from Indiana University School of Business. Want to see what other hedge funds are holding GLP? 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. For more information on GLPs ESG efforts, visit: glp.com/global/impact. Brookfield Property Partners. Select Accept to consent or Reject to decline non-essential cookies for this use. The company was formerly listed on SGX-ST between 2010 to 2018. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. It provides software as a service (SaaS) products for logistics and invests in tech companies that create value for customers through the logistics ecosystem in Japan. Brixmor Property Group. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. 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. Solartility platform leases panels, storage batteries and bi-directional meters. 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. The top 5 finals presented their entries and an awards presentation in November. 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. Copyright 2020 GLP. 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. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. #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. We are thrilled to have learned from the creativity of these bright minds. 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. 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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. All Rights Reserved. Its Time For A Fresh Look At The Kroger Co. West Frasers Earnings Scream Timber, Outlook Says Buy, MarketBeat.com's FREE daily email newsletter. Which One is Best? GLP is a global leader in logistics real estate with a proven track record as business builder, owner, developer and operator with one of the largest logistics real estate footprints in the world. Who owns GLP? 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. 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. Headquarters Location 100 Wilshire Blvd. Global Partners undertakes no obligation to revise or update any forward-looking statements. 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. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. GLP reorganises global fund management platform to form GLP Capital Partners. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Now, Greg, Mark and I will be happy to take your questions. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Purchased by MetLife Investment Management LLC. The ex-dividend date of this dividend was Tuesday, February 7th. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Several analysts have weighed in on GLP shares. Markets never sleep, and neither does Bloomberg. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Shares of NYSE GLP opened at $34.99 on Friday. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. For full year 2022, interest expense increased $1.2 million to $81.3 million. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Find More Contacts for GLP Capital Partners. Learn more in our Cookie Policy. 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. Ming Mei is co-Founder and CEO of GLP. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. GLP Capital Partners LP operates as an investment management company. 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 ("GCP") is a US-based real estate investment manager with fully integrated operating platforms focused on logistics real estate and adjacent asset classes. The fund is based in Santa Monica, California and invests in North America. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. 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. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Annaly Capital Management. 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. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 617-542-5300 GLP@investorrelations.com GLP Capital Partners is the exclusive investment and asset manager of GLP. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. Global Partners had a return [] Where is GLP located? GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. Eric Slifka: Thank you, Sean, and good morning, everyone. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. This documentary-style series follows investigative journalists as they uncover the truth. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. To learn more about GLP Capital Partners, visit www.gcp.com. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois.

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