With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. With that, now let me turn the call over to Greg for his financial review. Exclusive discounts on ALM and GlobeSt events. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. No need to worry, says Felipe Villarroel. 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. 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. 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. Your article was successfully shared with the contacts you provided. Can it be just a desire to be a "member of the club?" http://ow.ly/x8QN50MJ7X4 As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. 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. 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. GDSO product margin was up $46.1 million in the quarter to $223.2 million. The segment's performance for both periods was driven largely by an increase in bunkering activity. 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. UBS Group AG now owns 70,415 shares of the energy companys stock valued at $1,655,000 after buying an additional 53,964 shares during the last quarter. To explore GLP Capital Partners IVs full profile, request access. Caution and uncertainty are the popular themes. Our combined global experience and expertise allow us to build businesses create value for our partners GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Passionate about delivering on HR principles of attracting, developing, and retaining talent. Happy to be at the ETF conference in Miami sharing our story! Turning to our segment details. Delivered first phase of 120 MW data center in Jiangsu Province, China. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . All Rights Reserved. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). 617-542-5300 GLP@investorrelations.com Headquarters Location 100 Wilshire Blvd. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Brandywine Realty Trust. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. At over $2.3 billion the fund, GLP . 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. 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. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. 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. 2023 PitchBook. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Sign in or Register Sign in / Register Database LP search GP search 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. Selected profiles of other Operating Partners are also shown below. GCP also invests in logistics technology companies from seed to growth equity stages. 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. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. 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. 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. Learn more in our Cookie Policy. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Mar 2023 - Present1 month. GLPGCP GLP Capital Partners ""46 1250 . We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. For full year 2022, interest expense increased $1.2 million to $81.3 million. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. To learn more about GLP Capital Partners, visit www.gcp.com. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. 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. Hong Kong SAR. Thrilled indeed! 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. All Rights Reserved. Global Fund Management, Capital Raising & Investor Relations. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. Select Accept to consent or Reject to decline non-essential cookies for this use. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. 10x easier to research good investments 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. All Rights Reserved. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Several other hedge funds have also made changes to their positions in GLP. Eric Slifka: Thank you, Greg. 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. 304917 Latest Filing 26 Aug 2022 SEC No. 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. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . How long this might continue is impossible to say at the moment. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Eric Slifka: Thank you, Sean, and good morning, everyone. You can update your choices at any time in your settings. Americold. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Markets never sleep, and neither does Bloomberg. We continue to have ample excess capacity in our credit facility. Copyright 2023 ALM Global, LLC. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. 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. 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. Today's call will include forward-looking statements within the meaning of Federal securities laws. 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 . 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. 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 Solartility platform leases panels, storage batteries and bi-directional meters. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. During the same quarter in the previous year, the company earned $0.44 earnings per share. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Sean Geary: Good morning. We now offer renewable products at half of our 22 owned or controlled terminals. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. All Rights Reserved. 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. 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. 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. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. Our combined investing and operating expertise allows us to create value for our customers and investors. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. 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. 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. 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. 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 Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Why do investors keep destroying wealth? 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. Overnight on Wall Street is daytime in Asia. 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. Read more about GLP Capital Partners. 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. We believe these assumptions are reasonable given currently available information. 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 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. Very excited to be on this journey with GCP! 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. "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 documentary-style series follows investigative journalists as they uncover the truth. 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. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Monoful is the business development arm of GLP Japan. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. 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. 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 are excited to work together on their flagship strategy! 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. Want to see what other hedge funds are holding GLP? GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . As General Counsel & Chief Administrative Officer I sit on the GLP Europe management team and am responsible for all legal, compliance, regulatory, risk management and governance matters in Europe, as well as Marketing & Communications. Where is GLP located? #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. 332 followers 329 connections. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Boardwalk Real Estate Investment Trust. 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Turning to our distribution. 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. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 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. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. #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.

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