Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Which One is Best? We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. How long this might continue is impossible to say at the moment. REGISTRATION STATUS. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The fund focuses on logistics asset class. GLP Capital Partners Scores $64M Loan For Doral Project Working at GL Capital Partners | Glassdoor Looking at expenses. 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. Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new GLP Capital Partners LP - Company Profile and News GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Our new structure puts us in a position to grow GCP into one of the only truly global alternative asset managers with both a leading presence in Asia and a track record of scale and success in the US, Brazil and Europe, said Alan Yang, CEO of 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. For the full year, DCF was $413.4 million compared with $120.7 million in '21. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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 engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Select Accept to consent or Reject to decline non-essential cookies for this use. GLP | LinkedIn 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. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. 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. Is Global Partners LP (GLP) . 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 undertakes no obligation to revise or update any forward-looking statements. glp, 1250 | Iir 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. 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. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund We encourage our people to think beyond the bounds of their roles and our industry by being innovative, sharing new ideas and working as a team. Please go ahead, sir. Brandywine Realty Trust. Paul D. - Analyst - GLP Capital Partners | LinkedIn Exclusive discounts on ALM and GlobeSt events. #GCP #GLP, Very exciting to be managingthis ETF! GLP 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Thrilled indeed! The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. GLP Capital Partners on LinkedIn: GLP Capital Partners announces new GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. This is the GL Capital Partners company profile. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Jevin Zhuang - Fund Management Analyst - GLP Capital Partners This button displays the currently selected search type. 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. 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. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Active, Closed, This describes the type of investor this organization is (e.g. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. 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. Tower Research Capital LLC TRC Has $285,000 Stock Holdings in Global 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. Win whats next. Delivered first phase of 120 MW data center in Jiangsu Province, China. People and culture are core to GLPs business and its global success. GDSO product margin was up $46.1 million in the quarter to $223.2 million. GLPGCP GLP Capital Partners ""46 1250 . Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. IAPD - Investment Adviser Public Disclosure - Homepage 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? GLP is a privately owned company incorporated in Singapore. glp capital partners | DiGiacomo Group Private Equity | GLP 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. Already have an account? 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. Copyright 2023 ALM Global, LLC. Institutional investors and hedge funds own 28.40% of the companys stock. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. We now offer renewable products at half of our 22 owned or controlled terminals. Copyright 2020 GLP. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Read more about GLP Capital Partners. Laurel Casey - Vice President - Investments - GLP Capital Partners Sean Geary: Good morning. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. Glp J-reit United Kingdom - GLP Europe Watch our brand video 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. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. 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. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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. Private Equity GLP's strategy is to make private equity investments in businesses and technologies that complement our core logistics real estate business and other high-growth sectors of the economy. 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. 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. 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. 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 Closes $2.3B Logistics Fund | GlobeSt Sign in or Register Sign in / Register Database LP search GP search With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. 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. Very excited to be on this journey with GCP! 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. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . For full year 2022, interest expense increased $1.2 million to $81.3 million. | Learn more about Melissa Ava Marshall MCIPD's . U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. 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. On the EV front, our sustainability group welcomed and electric innovation strategist to evaluate, educate and guide our strategy in the electric space, including electric vehicle and charger market. 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. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Several other hedge funds have also made changes to their positions in GLP. 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. Several analysts have weighed in on GLP shares. Achieved total IT load capacity of ~1,400 MW in China. Arlington Asset Investment. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. #GCP #GLP While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. The adviser's REGISTRATION status is listed below. 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. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. REGISTRATION STATUS . We believe these assumptions are reasonable given currently available information. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. 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. Retailers faced a wide range of challenges in 2022. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Slavena Raguz - Senior Financial Accountant - GLP Capital Partners http://ow.ly/x8QN50MJ7X4 The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. 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. Your article was successfully shared with the contacts you provided. Sovereign Investor Leadership Conference March 2023 Menu 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. 332 followers 329 connections. Operator? 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. 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. For the full year, Commercial segment product margin increased $25.4 million to $41 million. GLP Capital Partners LP operates as an investment management company. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. The Company focuses on providing logistics real estate investment management solutions. Today's call will include forward-looking statements within the meaning of Federal securities laws. 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. Gasoline and gasoline blendstock product margin increased $20.7 million to $107 million for the full year, primarily due to more favorable market conditions in gasoline during the second and third quarters of 2022. By Francisco Alvarado. Selected profiles of other Operating Partners are also shown below. 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.. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. 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. Thank you for joining us. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors Read More GLP Enters Japan's Data Center Market, Targeting 900 MW Power Capacity As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. To learn more about GLP Capital Partners, visit www.gcp.com. 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. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Headquarters Location 100 Wilshire Blvd. To continue reading the Q&A session, please click here. All Rights Reserved. Our Team | Bespoke Capital Partners | Bespoke Capital Partners Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. GLP Capital Partners Company Profile | Management and - Datanyze 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. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . 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. #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. GLP invested in Li & Fung to help execute on its Logistics/Assets-as-a-Service approach, which uses data analytics and technologies to bring value to customers. 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. Markets never sleep, and neither does Bloomberg. Boston Properties. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Boardwalk Real Estate Investment Trust. SEC / JURISDICTION. 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. For the first time, "institutional investment managers" have to disclose how they're voting proxies on their (or their clients') holdings of US-listed securities with respect to executive compensation matters. Where is GLP located? 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. 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 Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. 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. Annaly Capital Management. Bloomberg Daybreak Asia. Gregory Hanson: Thank you, Eric, and good morning, everyone. In the renewable fuels area, we permitted and completed the installation of customizable biofuel systems at four of our terminals and began biofuel supply projects at two additional facilities. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. GLP Capital Partners. GLP is the largest shareholder of GLP Capital Partners. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Industrial & commercial warehouses rental | Available properties | GLP Passionate about delivering on HR principles of attracting, developing, and retaining talent. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript