Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. The segment's performance for both periods was driven largely by an increase in bunkering activity. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. Markets never sleep, and neither does Bloomberg. 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. 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 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? We believe these assumptions are reasonable given currently available information. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Global Partners undertakes no obligation to revise or update any forward-looking statements. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . 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. 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. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. This is a profile preview from the PitchBook Platform. 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). Selected profiles of other Operating Partners are also shown below. 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. 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. We now offer renewable products at half of our 22 owned or controlled terminals. GCP is focused on uncovering advantaged opportunities in logistics real. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. For those of you who are participating, we look forward to meeting with you. Boardwalk Real Estate Investment Trust. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. GLP is the largest shareholder of GLP Capital Partners. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. 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 The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. 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. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Boston Properties. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 617-542-5300 GLP@investorrelations.com 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Operator? 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. With the purchases of Consumers Petroleum of Connecticut, Miller Oil Co. and Tidewater Convenience, we added more than 60 company-operated convenience markets and related fuel operations as well as fuel supply arrangements at more than 55 additional sites. 332 followers 329 connections. Several analysts have weighed in on GLP shares. Private Equity | GLP Investing in established and growth-stage businesses. Gregory Hanson: Thank you, Eric, and good morning, everyone. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Watch our brand video What does this mean for CRE professionals? The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Sovereign Investor Leadership Conference March 2023 Menu 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. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures -65.00 (-0.39%) Global Partners LP (GLP) NYSE - Nasdaq Real Time Price.. GCP also invests in logistics technology companies from seed to growth equity stages. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. We also have offices in Singapore and Hong Kong. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. 2023 PitchBook. GLP Capital Partners. GLP Capital Partners LP - Company Profile and News - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. 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. 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. We are thrilled to have learned from the creativity of these bright minds. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. This report is available on our website, and I encourage you to review it. 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. December 08, 2021 05:30 PM. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Learn more in our Cookie Policy. Operator: Good day, everyone, and welcome to the Global Partners . Sep 2022 - Present7 months. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Copyright 2020 GLP. All rights reserved. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. 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. Global Partners had a return [] Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . The company announced the . GLP is dedicated to incubating innovative technologies that enhance our businesses and assets by making them smarter and more efficient, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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 is the exclusive investment and asset manager of GLP. #GCP #GLP 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. All Rights Reserved. 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. 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. Gasoline and gasoline blendstock product margin increased $20.7 million to $107 million for the full year, primarily due to more favorable market conditions in gasoline during the second and third quarters of 2022. We also continue to focus on optimizing our terminal network. 13 min read. We operate across Asia, Europe, and the Americas. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Eric Slifka: Thank you, Sean, and good morning, everyone. 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. Is Global Partners LP (GLP) . Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . You can update your choices at any time in your settings. 12 Best Affordable Dividend Stocks to Buy, Stay Informed: Jerome Powells Policy Report & Important Economic Data, What cautious spending means for the US economy: YF Explains, 3 top tips for investors trying to weather the current economic storm: Strategist, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops. 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. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Annaly Capital Management. Looking at our upcoming Investor Relations calendar. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Looking at expenses. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Luxembourg Alter Domus 2 ans 9 mois . Posted by MarketBeat News on Mar 3rd, 2023. 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. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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 (NYSE:GLP - Get Rating) posted its earnings results on Monday. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. Where is GLP located? Brookfield Property Partners. No need to worry, says Felipe Villarroel. 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. For the full year, GDSO product margin was up $209 million to $856.6 million, with fuel margins increasing $0.09 per gallon to $0.36 from $0.27 per gallon in the year-earlier period. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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. 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. 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. Read more about GLP Capital Partners. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. To learn more about GLP Capital Partners, visit www.gcp.com. Very nice, congratulations on your and GLP's success, Alan. 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. GLPGCP GLP Capital Partners ""46 1250 . Now, Greg, Mark and I will be happy to take your questions. 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. 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. Retailers faced a wide range of challenges in 2022. Brandywine Realty Trust. Turning to our segment details. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Thank you for joining us. Who owns GLP? 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 companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. The company was formerly listed on SGX-ST between 2010 to 2018. REGISTRATION STATUS . In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Operating expenses increased $25.2 million to $118 million for the fourth quarter and $91.7 million to $445.3 million for the full year. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. 10x easier to research good investments 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. Caution and uncertainty are the popular themes. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. 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. The ex-dividend date of this dividend was Tuesday, February 7th. Global Fund Management, Capital Raising & Investor Relations. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. Happy to be at the ETF conference in Miami sharing our story! Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Copyright 2020 GLP. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. For companies across our industry and many others, 2022 was a year of significant challenges, including supply chain constraints, steep commodity price volatility, inflation, a tough labor market in the war in Ukraine. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. EFFECTIVE DATE; SEC: Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. Our team successfully navigated through these challenges. The adviser's REGISTRATION status is listed below. This button displays the currently selected search type. During the same quarter in the previous year, the company earned $0.44 earnings per share. All Rights Reserved. *May exclude premium content 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. Our European platform is built on more than 30 years of experience in logistics real estate and operates in 12 countries across the continent, covering all major logistics markets. 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. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. 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 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. 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, 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. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Mar 2023 - Present1 month. Operating Partners Bespoke has over 75 Operating Partners who support the firm by assisting with opportunity identification, due diligence, building a value creation plan and investment oversight. 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. 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 2023 ALM Global, LLC. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments.
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