Gregory Hanson: Thank you, Eric, and good morning, everyone. Want to see what other hedge funds are holding GLP? GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . 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. Exclusive discounts on ALM and GlobeSt events. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). 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. Our combined investing and operating expertise allows us to create value for our customers and investors. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. MetLife Investment Management LLC Boosts Stake in MannKind Co. MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. 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(NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 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. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. On a full year basis, SG&A was up $50.2 million to $263.1 million. Retailers faced a wide range of challenges in 2022. 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. We encourage our people to think beyond the bounds of their roles and our industry by being innovative, sharing new ideas and working as a team. 617-542-5300 GLP@investorrelations.com 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. 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. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. Posted by MarketBeat News on Mar 3rd, 2023. Luxembourg Alter Domus 2 ans 9 mois . Now let me turn the call back to Eric for closing comments. Today's call is being recorded. He received his Bachelor of Science in Finance from Indiana University School of Business. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . 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. 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. 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. 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. 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. Caution and uncertainty are the popular themes. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. EFFECTIVE DATE; SEC: 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. How long this might continue is impossible to say at the moment. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. GLP is a global leader in logistics real estate with a proven track record as business builder, owner, developer and operator with one of the largest logistics real estate footprints in the world. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Product margin from other oils and related products increased to $190.1 million for the full year, up $124.7 million from 2022 -- 2021, excuse me, primarily due to more favorable market conditions, largely in distillates. 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. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. For the full year, DCF was $413.4 million compared with $120.7 million in '21. 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. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Selected profiles of other Operating Partners are also shown below. Were proud of our long-shared history and culture with GLP and will continue to leverage our combined capabilities to create a powerful and unique ecosystem and value proposition for the benefit of our investors, customers and each other. 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. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. 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. 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 . Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. SEC / JURISDICTION. 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. Markets never sleep, and neither does Bloomberg. Copyright 2020 GLP. 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. AvalonBay Communities. 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. 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.. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. We now offer renewable products at half of our 22 owned or controlled terminals. Headquarters Location 100 Wilshire Blvd. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Copyright 2020 GLP. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. We are excited to work together on their flagship strategy! 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. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. Our ability to attract top talent and focus on developing their skills supports our global growth and helps the company expand beyond what it is today. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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. 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. Consistent with our focus on strategic transactions that strengthen our long-term earnings power, during the year, we closed on over $255 million of retail acquisitions. 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. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. The adviser's REGISTRATION status is listed below. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. GLP Capital Partners Oct 2021 - Present 1 year 5 months. During the same quarter in the previous year, the company earned $0.44 earnings per share. Thrilled indeed! We're excited to share the new GLP Capital Partners (GCP) and GLP structure. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. December 08, 2021 05:30 PM. #GCP #GLP, Very exciting to be managingthis ETF! Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. Very excited to be on this journey with GCP! Already have an account? By Francisco Alvarado. To learn more about GLP Capital Partners, visit www.gcp.com. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. 10x easier to research good investments 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. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Active, Closed, This describes the type of investor this organization is (e.g. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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! Why do investors keep destroying wealth? This button displays the currently selected search type. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Where the organization is headquartered (e.g. 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. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Happy to be at the ETF conference in Miami sharing our story! GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Growth Strategy with GLP Group Leveraging GLP Group's expertise in managing logistics facilities to the greatest extent possible, GLP J-REIT will work to maximize unitholder value through our best-in-class (highest level) asset management, which is esteemed in Japan and around the world. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. 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. Hong Kong SAR. 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. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Copyright 2020 GLP. 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. 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. GLP is a privately owned company incorporated in Singapore. 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. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. 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. Mar 2023 - Present1 month. Now, Greg, Mark and I will be happy to take your questions. Operator: Good day, everyone, and welcome to the Global Partners . People and culture are core to GLPs business and its global success. 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 believe these assumptions are reasonable given currently available information. Hear the latest economic, business and market news, as well as global, national, and local news. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . We operate across Asia, Europe, and the Americas. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. 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. Brookfield Property Partners. Global Partners had a return [] The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Solartility platform leases panels, storage batteries and bi-directional meters. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Several analysts have weighed in on GLP shares. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Covering Brazil, Vietnam & PE funds. 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Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Which One is Best? Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Sovereign Investor Leadership Conference March 2023 Menu Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. You can update your choices at any time in your settings. Live market coverage co-anchored from Hong Kong and New York. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. Achieved total IT load capacity of ~1,400 MW in China. 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. 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. 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. Turning to our distribution.
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