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. glp capital partners | DiGiacomo Group 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. GLP is a privately owned company incorporated in Singapore. Copyright 2020 GLP. Glp Capital Partners LP Company Profile | Santa Monica, CA 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. 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. 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. 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. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. GLP Capital Partners raises $2.3bn for North American logistics fund 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. SLP | LinkedIn GLP Capital Partners LP - Company Profile and News 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. We believe these assumptions are reasonable given currently available information. 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. 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. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. To explore GLP Capital Partners IVs full profile, request access. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! 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. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). 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 believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Global Partners LP - Investor Relations Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. 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. 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. Arlington Asset Investment. What does this mean for CRE professionals? Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. 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. We are thrilled to have learned from the creativity of these bright minds. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Haijin Zeng Terry - VP, Global Digital Transformation - GLP - LinkedIn Gregory Hanson: Thank you, Eric, and good morning, everyone. All content is posted anonymously by employees working at GL Capital Partners. Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations All Rights Reserved. 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. Very excited to be on this journey with GCP! GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. This is the GL Capital Partners company profile. About Us | GLP Careers - GLP Europe - Be a part of our next success story GLP Capital Closes $2.3 Billion Logistics Real Estate Fund The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. GCP also invests in logistics technology companies from seed to growth equity stages. #partnership#privateequity#fundraising. Purchased by MetLife Investment Management LLC. Several analysts have weighed in on GLP shares. GLP is the largest shareholder of GLP Capital Partners. Laurel Casey - Vice President - Investments - GLP Capital Partners Operator? Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. Headquarters Location 100 Wilshire Blvd. #GCP #GLP GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Why do investors keep destroying wealth? Glp J-reit Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 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. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. The gasoline distribution contribution to product margin was up $36.2 million to $155.9 million, primarily due to higher fuel margin and an increase in volumes sold, partially due to our recent acquisitions. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. People and culture are core to GLPs business and its global success. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Solartility platform leases panels, storage batteries and bi-directional meters. Our team successfully navigated through these challenges. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Adam Berns - Chief Investment Officer, U.S. - GLP Capital Partners Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Which One is Best? We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. 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. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Private Capital Chugged Along Better Than Institutional Money Last Year, A Closer Look at H2s Investment Sales Drubbing, Calgary Startup Offers Wholesale Renewable Power to Homeowners, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. REGISTRATION STATUS. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. 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. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. 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. The segment's performance for both periods was driven largely by an increase in bunkering activity. Brookfield Property Partners. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Copyright 2020 GLP. Shares of NYSE GLP opened at $34.99 on Friday. We continue to have ample excess capacity in our credit facility. 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Who owns GLP? GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Property Logistics Specialist GLP Plans IPO for Investment Arm - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative. 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. Slavena Raguz - Senior Financial Accountant - GLP Capital Partners 332 followers 329 connections. The ex-dividend date of this dividend was Tuesday, February 7th. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. The Company focuses on providing logistics real estate investment management solutions. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure Thrilled indeed! Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. 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. Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn Looking at expenses. 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. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. 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. Global Partners LP (GLP) Q4 2022 Earnings Call Transcript Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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. Exclusive discounts on ALM and GlobeSt events. 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. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Want to see what other hedge funds are holding GLP? 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. 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. 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 Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Paul D. - Analyst - GLP Capital Partners | LinkedIn Private Equity | GLP Investing in established and growth-stage businesses. We also continue to focus on optimizing our terminal network. Very nice, congratulations on your and GLP's success, Alan. All Rights Reserved. With that, now let me turn the call over to Greg for his financial review. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Thank you for joining us. GLP Capital Partners Fund Manager Profile | Preqin 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. The energy . GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. The company was formerly listed on SGX-ST between 2010 to 2018. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. Your article was successfully shared with the contacts you provided. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Happy to be at the ETF conference in Miami sharing our story! Pacific Biosciences of California, Inc. (NASDAQ:PACB) Shares Sold by Shell Asset Management Co. Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Shell Asset Management Co. New Gold Inc. (NYSEAMERICAN:NGD) Shares Sold by Shell Asset Management Co. 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. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. GLP on LinkedIn: GLP Capital Partners maintains strong fundraising 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. He received his Bachelor of Science in Finance from Indiana University School of Business. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Global Partners undertakes no obligation to revise or update any forward-looking statements. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Sep 2022 - Present7 months. #GCP #GLP, Very exciting to be managingthis ETF! 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. United Kingdom - GLP Europe BNP Paribas Arbitrage SA now owns 76,081 shares of the energy companys stock worth $1,788,000 after acquiring an additional 58,550 shares during the last quarter. To continue reading the Q&A session, please click here. Melissa Ava Marshall MCIPD - European HR & Operations - LinkedIn G7 is a technology company backed by GLP. Sovereign Investor Leadership Conference March 2023 Menu GLP Capital Partners (GLP Capital Partners) - Real Estate Company Americold. Active, Closed, This describes the type of investor this organization is (e.g. MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. MetLife Investment Management LLC Boosts Stake in MannKind Co. MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. (NASDAQ:KDNY), 61,368 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Purchased by MetLife Investment Management LLC, MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. (NYSE:WNC), MetLife Investment Management LLC Boosts Stake in MannKind Co. (NASDAQ:MNKD), MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. (NASDAQ:ME), MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. (NASDAQ:TGTX), MetLife Investment Management LLC Has $414,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), MetLife Investment Management LLC Raises Holdings in Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), MetLife Investment Management LLC Purchases 7,570 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH), MetLife Investment Management LLC Has $418,000 Holdings in Morphic Holding, Inc. (NASDAQ:MORF), UMH Properties, Inc. (NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). For the full year, Commercial segment product margin increased $25.4 million to $41 million. GLP Capital Partners IV is a real estate value added fund managed by GCP. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova Posted by MarketBeat News on Mar 3rd, 2023. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Boston Properties. Achieved total IT load capacity of ~1,400 MW in China. 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. IAPD - Investment Adviser Public Disclosure - Homepage The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval.