Mar 2023 - Present1 month. 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. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. Our combined global experience and expertise allow us to build businesses create value for our partners 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. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. The top 5 finals presented their entries and an awards presentation in November. 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. Shares of NYSE GLP opened at $34.99 on Friday. Eric Slifka: Thank you, Greg. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. GLP Capital Partners LP - Company Profile and News Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Today's call will include forward-looking statements within the meaning of Federal securities laws. Global Partners had a return [] Achieved total IT load capacity of ~1,400 MW in China. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Sep 2022 - Present7 months. 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. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. How is GLP related to GLP Capital Partners? We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. GLP Capital Partners raise $1.5bn | PERE Private Equity | GLP Investing in established and growth-stage businesses. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. For the full year, Commercial segment product margin increased $25.4 million to $41 million. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Annaly Capital Management. 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. We now offer renewable products at half of our 22 owned or controlled terminals. 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. Please go ahead, sir. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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. 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. 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. Paul D. - Analyst - GLP Capital Partners | LinkedIn Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. Copyright 2020 GLP. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. 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. Global Partners LP - Investor Relations Boston Properties. glp, 1250 | Iir Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! GLP Capital Partners. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. 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. #GCP #GLP I manage the legals on acquisitions, dispositions . GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Happy to be at the ETF conference in Miami sharing our story! Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. Rachel A Walker - General Counsel & Chief Administrative Officer Tower Research Capital LLC TRC Has $285,000 Stock Holdings in Global The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. 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. The ex-dividend date of this dividend was Tuesday, February 7th. We are excited to work together on their flagship strategy! Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Several analysts have weighed in on GLP shares. Now let me turn the call back to Eric for closing comments. GLP Capital Partners Company Profile | Management and - Datanyze Find More Contacts for GLP Capital Partners. In addition to the power of our people, our company performance demonstrates the resilience of our business model, the strength of our assets and the value that we deliver for the guests at our gas stations and convenience markets and the customers at our liquid energy terminals every day. During the same quarter in the previous year, the company earned $0.44 earnings per share. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Thank you for joining us. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. The fund focuses on logistics asset class. Station operations, including station operations product margin, which includes convenience store and prepared food sales, sundries and rental income, rose $9.9 million to $67.2 million from the fourth quarter of 2021. Luxembourg Alter Domus 2 ans 9 mois . 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). Private Equity | GLP GLP Capital Partners IV is a real estate value added fund managed by GCP. We are thrilled to have learned from the creativity of these bright minds. Overnight on Wall Street is daytime in Asia. GCP Announces $2.3 Billion Final Closing of Logistics Property Fund GLPGCP GLP Capital Partners ""46 1250 . 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. United Kingdom - GLP Europe 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. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. GCP is focused on uncovering advantaged opportunities in logistics real. Operator? The adviser's REGISTRATION status is listed below. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Ming Mei is co-Founder and CEO of GLP. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Brookfield Property Partners. 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. 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. 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. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. 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. 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. Active, Closed, This describes the type of investor this organization is (e.g. GCP Capital Partners - Home Investing in Firms with Significant Potential Seasoned private equity professionals making both control and influential minority investments in high-growth and select cyclical-growth industries GLP reorganises global fund management platform to form GLP Capital Partners. The Company focuses on providing logistics real estate investment management solutions. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. About us | GLP Europe | Logistics asset management & property development 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. 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. Solartility platform leases panels, storage batteries and bi-directional meters. All Rights Reserved. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. This is a profile preview from the PitchBook Platform. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Melissa Ava Marshall MCIPD - European HR & Operations - LinkedIn With that, now let me turn the call over to Greg for his financial review. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Property Logistics Specialist GLP Plans IPO for Investment Arm This documentary-style series follows investigative journalists as they uncover the truth. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Careers - GLP Europe - Be a part of our next success story The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. This report is available on our website, and I encourage you to review it. 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. Already have an account? No need to worry, says Felipe Villarroel. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP 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. Selected profiles of other Operating Partners are also shown below. 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. The fund is based in Santa Monica, California and invests in North America. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. 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. Want to see what other hedge funds are holding GLP? I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: GLP on LinkedIn: GLP Capital Partners maintains strong fundraising The energy . Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. 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. Our combined investing and operating expertise allows us to create value for our customers and investors. 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. 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. Brandywine Realty Trust. Corporate Finance & Alternative Asset Investment. 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. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. We continue to manage our balance sheet prudently. GLP Capital Partners is the exclusive investment and asset manager of GLP. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. glp capital partners | DiGiacomo Group GLP 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. Hong Kong SAR. 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. Gregory Hanson: Thank you, Eric, and good morning, everyone. 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. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. This special Bloomberg program highlights the event's biggest interviews and news makers. 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. Industrial & commercial warehouses rental | Available properties | GLP #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. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Sign in or Register Sign in / Register Database LP search GP search GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund Learn more in our Cookie Policy. This is a boost from Global Partnerss previous quarterly dividend of $0.63. Watch our brand video Our Team | Bespoke Capital Partners | Bespoke 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. 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. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. Boardwalk Real Estate Investment Trust. An investor who invested $10,000 in Warren Buffett's hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees . For those of you who are participating, we look forward to meeting with you. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. 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 also are focused in investing and partnering with companies where we can play a strategic role in building their business and invest in both established and growth-stage businesses across logistics, real estate, infrastructure, finance and related technologies. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. We believe these assumptions are reasonable given currently available information. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo! Global Partners undertakes no obligation to revise or update any forward-looking statements. 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. 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. 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. To continue reading the Q&A session, please click here. 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. 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. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Delivered first phase of 120 MW data center in Jiangsu Province, China. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach.