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Selected profiles of other Operating Partners are also shown below. 617-542-5300 GLP@investorrelations.com 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. 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. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT 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 Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. The company was formerly listed on SGX-ST between 2010 to 2018. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. #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. Copyright 2020 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. The value-add fund will invest into the logistics sector. GLPs strategy is to make private equity investments in businesses and technologies that complement our core logistics real estate business and other high-growth sectors of the economy. "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. The company announced the . PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 10x harder to hold good investments, Managing Director, Head of GC&SEA&Australia, We are thrilled to collaborate with Crow Holdings, a US-based real estate investment manager. 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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Passionate about delivering on HR principles of attracting, developing, and retaining talent. 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. 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. Turning to the Commercial segment. Brookfield Property Partners. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Arlington Asset Investment. He received his Bachelor of Science in Finance from Indiana University School of Business. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. This button displays the currently selected search type. GLP Capital Partners Closes $2.3B Logistics Fund | GlobeSt Strategic Partners | GLP Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. The Company focuses on providing logistics real estate investment management solutions. Turning to our segment details. 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. REGISTRATION STATUS. 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 This represents a $6.29 annualized dividend and a dividend yield of 17.97%. REGISTRATION STATUS . We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Looking at our upcoming Investor Relations calendar. To explore GLP Capital Partners IVs full profile, request access. Live market coverage co-anchored from Hong Kong and New York. Paul D. - Analyst - GLP Capital Partners | LinkedIn Boardwalk Real Estate Investment Trust. Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new *May exclude premium content This is a profile preview from the PitchBook Platform. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. This special Bloomberg program highlights the event's biggest interviews and news makers. 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. 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. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. GLP Capital Partners' Post GLP Capital Partners 1,707 followers 8h Today, we're excited to announce that we raised $12.3 billion in equity in 2022 across our real asset and private equity. GCP Announces $2.3 Billion Final Closing of Logistics Property Fund Americold. Copyright 2020 GLP. Select Accept to consent or Reject to decline non-essential cookies for this use. 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 Excluding the net gain on the sale of assets, TTM distribution coverage was 2.8x or 2.6x after factoring in distributions to our preferred unitholders. Now, Greg, Mark and I will be happy to take your questions. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. GDSO product margin was up $46.1 million in the quarter to $223.2 million. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Tower Research Capital LLC TRC Has $285,000 Stock Holdings in Global Shares of NYSE GLP opened at $34.99 on Friday. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. 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. 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. 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. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. 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). 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. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Posted by MarketBeat News on Mar 3rd, 2023. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. 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. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. Why do investors keep destroying wealth? Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Joseph Bohling on LinkedIn: GLP Capital Partners announces new GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. 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. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. Eric Slifka: Thank you, Sean, and good morning, everyone. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Headquarters Location 100 Wilshire Blvd. GLP Capital Partners | LinkedIn 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. IAPD - Investment Adviser Public Disclosure - Homepage GLP Capital Partners. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! 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. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Mar 2023 - Present1 month. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. 10x easier to find good investments At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 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. Haijin Zeng Terry - VP, Global Digital Transformation - GLP - LinkedIn EFFECTIVE DATE; SEC: 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. 13 min read. Bloomberg Daybreak Asia. 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. 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. 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. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. GLPGCP GLP Capital Partners ""46 1250 . Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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. Caution and uncertainty are the popular themes. Learn more in our Cookie Policy. 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. 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. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. | Learn more about Melissa Ava Marshall MCIPD's . 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. Rachel A Walker - General Counsel & Chief Administrative Officer I manage the legals on acquisitions, dispositions . View contacts for GLP Capital Partners to access new leads and connect with decision-makers. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. On a full year basis, SG&A was up $50.2 million to $263.1 million. 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. #GCP #GLP, Very exciting to be managingthis ETF! Brandywine Realty Trust. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). 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. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Sean Geary: Good morning. Monoful is the business development arm of GLP Japan. Purchased by MetLife Investment Management LLC. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Active, Closed, This describes the type of investor this organization is (e.g. 332 followers 329 connections. Exclusive discounts on ALM and GlobeSt events. 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.. 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. About us | GLP Europe | Logistics asset management & property development GLP Capital Partners Fund Manager Profile | Preqin GLP Capital Partners. Our team successfully navigated through these challenges. List of real estate investment firms - Wikipedia With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Adam Berns - Chief Investment Officer, U.S. - GLP Capital Partners Watch our brand video Global Partnerss dividend payout ratio is 25.32%. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. United Kingdom - GLP Europe 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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.