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. 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. Paul D. - Analyst - GLP Capital Partners | LinkedIn Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. You can update your choices at any time in your settings. Copyright 2020 GLP. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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. 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 Partners ("GCP") is a US-based real estate investment manager with fully integrated operating platforms focused on logistics real estate and adjacent asset classes. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. 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. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. December 08, 2021 05:30 PM. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. G7 is a technology company backed by GLP. We are excited to work together on their flagship strategy! The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. About us | GLP Europe | Logistics asset management & property development GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Our combined investing and operating expertise allows us to create value for our customers and investors. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Turning to our distribution. GCP targets $2bn capital raise for new US industrial fund All Rights Reserved. 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. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. How long this might continue is impossible to say at the moment. Rachel A Walker - General Counsel & Chief Administrative Officer Our Team | Bespoke Capital Partners | Bespoke Capital Partners GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. 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 Capital Partners. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The JVwill explore a range of opportunities including creating smart energy systems for commercial properties, providing renewable energy to logistics assets and expanding energy storage capabilities for rooftop solar panels and also test the viability of autonomous vehicles in logistics management and transportation to develop green smart supply chain hubs. Now, Greg, Mark and I will be happy to take your questions. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. People and culture are core to GLPs business and its global success. Global Partners had a return [] While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. #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. Happy to be at the ETF conference in Miami sharing our story! 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. 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(NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). Ming Mei is co-Founder and CEO of GLP. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Looking at our upcoming Investor Relations calendar. 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Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. 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. 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 GLP Capital Partners Company Profile | Management and - Datanyze EFFECTIVE DATE; SEC: Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. 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. GLP is a privately owned company incorporated in Singapore. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. By Francisco Alvarado. 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. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. No need to worry, says Felipe Villarroel. Many thanks to Emerge CM. This documentary-style series follows investigative journalists as they uncover the truth. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Active, Closed, This describes the type of investor this organization is (e.g. The ex-dividend date of this dividend was Tuesday, February 7th. #1400 GLP CAPITAL PARTNERS, INC. ( CRD # 304917/SEC#:801-117132 ) GLP CAPITAL PARTNERS LP, GLP CAPITAL PARTNERS, INC. View latest Form ADV filed Part 2 Brochures. Oscar Wong - Managing Director - GLP Capital Partners (GCP) | LinkedIn 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. GCP Announces $2.3 Billion Final Closing of Logistics Property Fund 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. 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. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo! How is GLP related to GLP Capital Partners? Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. The segment's performance for both periods was driven largely by an increase in bunkering activity. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. Arlington Asset Investment. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners Watch below as Catherine discusses the Emerge EMPWR program as a stepping stone for other women in the industry.This program will be a role model for future female portfolio managers. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. The top 5 finals presented their entries and an awards presentation in November. Private Equity | GLP Investing in established and growth-stage businesses. 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. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. 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. Angel, Fund of Funds, Venture Capital), General contact email for the organization. glp, 1250 | Iir For the full year, DCF was $413.4 million compared with $120.7 million in '21. 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. 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? This is a profile preview from the PitchBook Platform. Monoful is the business development arm of GLP Japan. Brixmor Property Group. AvalonBay Communities. 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 Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . GLP Capital Partners. Today's call will include forward-looking statements within the meaning of Federal securities laws. List of real estate investment firms - Wikipedia The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. For full year 2022, interest expense increased $1.2 million to $81.3 million. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. In our gasoline distribution and GDSO segment, we continued to benefit from higher retail fuel margins and increased activity in our convenience markets in part as a result of our recent acquisitions. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. 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. 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 GLP Capital Partners Scores $64M Loan For Doral Project 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 transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Turning to the Commercial segment. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. This report is available on our website, and I encourage you to review it. Register here:https://lnkd.in/d5fUjbPC, Partner bei PricewaterhouseCoopers GmbH Wirtschaftsprfungsgesellschaft, New legislation on RETT filing duties in case of share deals has been passed by the legislator putting even more emphasis on correct and timely RETT filings. Working at GL Capital Partners | Glassdoor For the full year, Commercial segment product margin increased $25.4 million to $41 million. 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. At over $2.3 billion the fund, GLP . GLP Capital Partners - Crunchbase Investor Profile & Investments Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript The company announced the . StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. *May exclude premium content Operator: Good day, everyone, and welcome to the Global Partners . Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. On a full year basis, SG&A was up $50.2 million to $263.1 million. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Careers - GLP Europe - Be a part of our next success story The fund focuses on logistics asset class. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Corporate Finance & Alternative Asset Investment. Luxembourg Alter Domus 2 ans 9 mois . Already have an account? GLP Capital Partners IV is a real estate value added fund managed by GCP. GLP is the largest shareholder of GLP Capital Partners. For more information on GLPs ESG efforts, visit: glp.com/global/impact. 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.