How long this might continue is impossible to say at the moment. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. The top 5 finals presented their entries and an awards presentation in November. #GCP #GLP, Very exciting to be managingthis ETF! Why do investors keep destroying wealth? 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. 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. By Francisco Alvarado. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Tower Research Capital LLC TRC Raises Stock Holdings in Innoviva, Inc. (NASDAQ:INVA), Tower Research Capital LLC TRC Trims Holdings in SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH), Get a free copy of the StockNews.com research report on Global Partners (GLP), Hormel Hits 2-Year Low, And The Dip Gets Bought, Heres Why Ross Could Soon Be Hitting All Time Highs. 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. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. 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. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. 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. This information is available in the PitchBook Platform. 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. 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. 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. REGISTRATION STATUS . 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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. 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. 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. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Sovereign Investor Leadership Conference March 2023 Menu As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. For more information on GLPs ESG efforts, visit: glp.com/global/impact. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. 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. Sean Geary: Good morning. #1400 Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. There are Four Different NOIs in a CRE Deal. Our team successfully navigated through these challenges. Sign in or Register Sign in / Register Database LP search GP search 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 The adviser's REGISTRATION status is listed below. Today's call will include forward-looking statements within the meaning of Federal securities laws. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners It specializes in acquisitions, development, operations, technology, and e-commerce. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Any material comments concerning future results of operations will be communicated through news releases, publicly announced conference calls or other means that will constitute public disclosure for the purposes of Regulation FD. 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. 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. 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. 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. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. The company announced the . The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. 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. Live market coverage co-anchored from Hong Kong and New York. He received his Bachelor of Science in Finance from Indiana University School of Business. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. The fund targets logistics sector. The segment's performance for both periods was driven largely by an increase in bunkering activity. 304917 Latest Filing 26 Aug 2022 SEC No. GLP Capital Partners is the exclusive investment and asset manager of GLP. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. This documentary-style series follows investigative journalists as they uncover the truth. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. #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. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. GLP is a privately owned company incorporated in Singapore. Mar 2023 - Present1 month. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. 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. Caution and uncertainty are the popular themes. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. The fund is based in Santa Monica, California and invests in North America. 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. Your article was successfully shared with the contacts you provided. How is GLP related to GLP Capital Partners? Read more about GLP Capital Partners. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. 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. To continue reading the Q&A session, please click here. 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. All rights reserved. Please go ahead, sir. 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 raised $2.3 billion for its logistics property fund, exceeding its goal in a sector that gained strength throughout the pandemic and remains hot. 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. 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. We also continue to focus on optimizing our terminal network. All Rights Reserved. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. 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. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. 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. GLP Capital Partners Oct 2021 - Present 1 year 5 months. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. GLP Capital Partners Scores $64M Construction Loan For Doral Logistics Project As demand outpaces supply in South Florida's industrial market, GLP Capital Partners scored a $64.2 million construction loan for a new logistics park in Doral, The Real Deal has learned. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. 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. 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. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Who owns GLP? The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Happy to be at the ETF conference in Miami sharing our story! 617-542-5300 GLP@investorrelations.com Eric Slifka: Thank you, Greg. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Under his leadership and vision, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach to growth and value creation and has since expanded into adjacent sectors and new markets. 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. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Ming Mei is co-Founder and CEO of GLP. Already have an account? 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. 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). Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. GCP is focused on uncovering advantaged opportunities in logistics real. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. GLP reorganises global fund management platform to form 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. 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 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. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Angel, Fund of Funds, Venture Capital), General contact email for the organization. Where is GLP located? Copyright 2020 GLP. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Want to see what other hedge funds are holding GLP? 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? View contacts for GLP Capital Partners to access new leads and connect with decision-makers. Brixmor Property Group. Watch our brand video Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. To explore GLP Capital Partners IVs full profile, request access. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. Copyright 2020 GLP. Learn more in our Cookie Policy. As part of our work in the clean fuel space, we formed an interdisciplinary team to research and evaluate hydrogen mobility supply and distribution opportunities. Retailers faced a wide range of challenges in 2022. G7 is a technology company backed by GLP. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Copyright 2023 ALM Global, LLC. 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. 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. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . We also have offices in Singapore and Hong Kong. Can it be just a desire to be a "member of the club?" Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Today's call is being recorded. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. 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 companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. EFFECTIVE DATE; SEC: SG&A expenses increased $23 million in the fourth quarter to $80.8 million. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. At over $2.3 billion the fund, GLP . To learn more about GLP Capital Partners, visit www.gcp.com. 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 *May exclude premium content Institutional investors and hedge funds own 28.40% of the companys stock. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . GLP is the largest shareholder of GLP Capital Partners. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. For those of you who are participating, we look forward to meeting with you. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. 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. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. 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. 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.
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