glp capital partners

Sean Geary: Good morning. 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. AvalonBay Communities. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. For those of you who are participating, we look forward to meeting with you. Global Partnerss dividend payout ratio is 25.32%. Brookfield Property Partners. Thank you for joining us. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 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. 617-542-5300 GLP@investorrelations.com 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. 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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. GLP Capital Partners LP operates as an investment management company. Turning to the Commercial segment. 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. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Active, Closed, This describes the type of investor this organization is (e.g. This is a boost from Global Partnerss previous quarterly dividend of $0.63. Arlington Asset Investment. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. Our #pwcrealestate Tax Service News summarizes the new legislation and gives an update of the currently applicable RETT rates at chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lnkd.in/eNUEvkYH, Chief Human Resources Officer at GLP Capital Partners (GCP), Thrilled indeed! 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. Brixmor Property Group. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Hong Kong SAR. Eric Slifka: Thank you, Sean, and good morning, everyone. 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. All Rights Reserved. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. 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. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. We are thrilled to have learned from the creativity of these bright minds. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Several other hedge funds have also made changes to their positions in GLP. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. Sep 2022 - Present7 months. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 332 followers 329 connections. 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. 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. #1400 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. Selected profiles of other Operating Partners are also shown below. 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. Many thanks to Emerge CM. 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. 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. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. The company was formerly listed on SGX-ST between 2010 to 2018. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. No need to worry, says Felipe Villarroel. GLP reorganises global fund management platform to form GLP Capital Partners. Institutional investors and hedge funds own 28.40% of the companys stock. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Looking at expenses. For the full year, DCF was $413.4 million compared with $120.7 million in '21. 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. "Institutional investment manager" isn't really what it sounds like: the term comes from 13F filings and includes unregistered and/or non-U.S. managers and even some entities that don't consider themselves managers at all -- the terms includes entities that exercise "investment discretion" over U.S.-listed securities and related options and warrants with an aggregate value of at least USD 100 million. This is a profile preview from the PitchBook Platform. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Ming Mei is co-Founder and CEO of GLP. GLP Capital Partners (GCP) is planning to raise $2bn (1.6bn) for its value-add US industrial fund GLP Capital Partners IV, according to sources. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 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. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. 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. 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. GLP Capital Partners. Very excited to be on this journey with GCP! We continue to manage our balance sheet prudently. Read more about GLP Capital Partners. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. 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. The segment's performance for both periods was driven largely by an increase in bunkering activity. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. Exclusive discounts on ALM and GlobeSt events. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. Happy to be at the ETF conference in Miami sharing our story! 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. December 08, 2021 05:30 PM. Find More Contacts for GLP Capital Partners. Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. SEC / JURISDICTION. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. At over $2.3 billion the fund, GLP . Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. 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. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Learn more in our Cookie Policy. Several analysts have weighed in on GLP shares. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. 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. Headquarters Location 100 Wilshire Blvd. Luxembourg Alter Domus 2 ans 9 mois . GLPGCP GLP Capital Partners ""46 1250 . Monoful is the business development arm of GLP Japan. 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. #GCP #GLP, Very exciting to be managingthis ETF! The fund focuses on logistics asset class. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Following their record-breaking $18.7 billion sale of the GLP U.S. portfolio in 2019, the team launched GCP as an independent investment manager alongside Modlo, its wholly-owned logistics real estate company. GLP Capital Partners 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 In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. 2023 PitchBook. Win whats next. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Where is GLP located? He received his Bachelor of Science in Finance from Indiana University School of Business. What does this mean for CRE professionals? All Rights Reserved. GLP Pte Ltd (formerly Global Logistic Properties Limited) converted to a private company after delisting from the Singapore Exchange Securities Trading Limited (SGX-ST) on 22 January 2018. 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. Chief Operating Officer at GLP Capital Partners Englewood, Colorado, United States 1K followers 500+ connections Join to connect GLP Capital Partners (GCP) Activity Congratulations Karolina. #GCP #GLP All rights reserved. The top 5 finals presented their entries and an awards presentation in November. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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. Live market coverage co-anchored from Hong Kong and New York. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Which One is Best? The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. 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. How long this might continue is impossible to say at the moment. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: 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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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. For more information on GLPs ESG efforts, visit: glp.com/global/impact. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. Why do investors keep destroying wealth? 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. 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. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. Mar 2023 - Present1 month. GCP is focused on uncovering advantaged opportunities in logistics real. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. 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. 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. Solartility platform leases panels, storage batteries and bi-directional meters. GCP also invests in logistics technology companies from seed to growth equity stages. 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. Please go ahead, sir. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Our team successfully navigated through these challenges. REGISTRATION STATUS . To continue reading the Q&A session, please click here. Our assumptions and future performance are subject to a wide range of business risks uncertainties and factors, which are described in our filings with the Securities and Exchange Commission, which could cause actual results to differ materially from the Partnership's historical experience and present expectations or projections. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. 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 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? #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 of GCP has closed what it says is the largest discretionary closed-end fund focused on North American logistics real estate ever raised. 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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. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 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. Sovereign Investor Leadership Conference March 2023 Menu 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. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Our combined investing and operating expertise allows us to create value for our customers and investors. 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. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. Hear the latest economic, business and market news, as well as global, national, and local news. Copyright 2020 GLP. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. GLP Capital Partners (GCP) Jan 2022- Present1 year 2 months New York, New York, United States Investments Director of Investments GLP Capital Partners (GCP) Sep 2018- Dec 20213 years 4 months. | Learn more about Melissa Ava Marshall MCIPD's . Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. 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. 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. 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. 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.

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