GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. GDSO product margin was up $46.1 million in the quarter to $223.2 million. We also continue to focus on optimizing our terminal network. IAPD - Investment Adviser Public Disclosure - Homepage 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. To explore GLP Capital Partners IVs full profile, request access. 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. GLP Capital Partners LP - Company Profile and News Headquarters Location 100 Wilshire Blvd. Industrial & commercial warehouses rental | Available properties | GLP In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. It specializes in acquisitions, development, operations, technology, and e-commerce. Strategic Partners | GLP Win whats next. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Slavena Raguz - Senior Financial Accountant - GLP Capital Partners The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Global Partnerss dividend payout ratio is 25.32%. GLP Capital Partners raises $2.3bn for North American logistics fund This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. 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.. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. To learn more about GLP Capital Partners, visit www.gcp.com. Copyright 2023 ALM Global, LLC. The adviser's REGISTRATION status is listed below. Sep 2022 - Present7 months. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. During the same quarter in the previous year, the company earned $0.44 earnings per share. GLP Capital Partners Inc. 100 Wilshire Boulevard, Suite 940, Santa Working at GL Capital Partners | Glassdoor GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. GLP Capital Partners has $1.5 billion to spend on North American self-storage properties after holding final closing of its GCP SecureSpace Property Partners fund. Global Fund Management, Capital Raising & Investor Relations. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. 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. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. 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). Our combined global experience and expertise allow us to build businesses create value for our partners 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. 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. GLPs 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. 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. 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. Melissa Ava Marshall MCIPD - European HR & Operations - LinkedIn For those of you who are participating, we look forward to meeting with you. Want to see what other hedge funds are holding GLP? REGISTRATION STATUS. 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 is the exclusive investment and asset manager of GLP. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. 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. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. 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. 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. 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! Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. #womeninvesting #womeninfinance #etfs #sustainability #emerge, VP, National Sales - DCIO Resolute Investment Managers, From our American Beacon Advisors sub-advisor TwentyFour Asset Management LLP: Strong performance across markets in January has left some investors feeling theyve missed out on the rally in bonds. Watch our brand video 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. Singapore. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. 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. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Joseph Bohling on LinkedIn: GLP Capital Partners announces new Global Partners had a return [] Covering Brazil, Vietnam & PE funds. GLP on LinkedIn: GLP Capital Partners maintains strong fundraising The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Active, Closed, This describes the type of investor this organization is (e.g. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Rachel A Walker - General Counsel & Chief Administrative Officer Global Partners LP (NYSE:GLP) Shares Sold by Tower Research Capital LLC 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. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. Overnight on Wall Street is daytime in Asia. 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. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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. #partnership#privateequity#fundraising. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. All Rights Reserved. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. GLP Capital Partners | LinkedIn 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. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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. 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. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Posted by MarketBeat News on Mar 3rd, 2023. Monoful is the business development arm of GLP Japan. Can it be just a desire to be a "member of the club?" GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. 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. How is GLP related to GLP Capital Partners? 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. 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. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Tower Research Capital LLC TRC Raises Stock Holdings in Innoviva, Inc. (NASDAQ:INVA), Tower Research Capital LLC TRC Trims Holdings in SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH), Get a free copy of the StockNews.com research report on Global Partners (GLP), Hormel Hits 2-Year Low, And The Dip Gets Bought, Heres Why Ross Could Soon Be Hitting All Time Highs. The fund focuses on logistics asset class. Private Equity | GLP 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. 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. 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 Join to view profile GLP Capital Partners . Already have an account? 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. GCP: Versatile strategy critical to deployment in US logistics - PERE GLP Capital Partners. Thrilled indeed! We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Ming graduated from the Kellogg School of Management at Northwestern University and the School of Business and Management at the Hong Kong University of Science and Technology with a Master of Business Administration. Brandywine Realty Trust. Now let me turn the call back to Eric for closing comments. 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. 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. Americold. Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. 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. 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. It provides software as a service (SaaS) products for logistics and invests in tech companies that create value for customers through the logistics ecosystem in Japan. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. GLP Capital Partners Closes $2.3B Logistics Property Fund Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. For the first time, "institutional investment managers" have to disclose how they're voting proxies on their (or their clients') holdings of US-listed securities with respect to executive compensation matters.
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