Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. Active, Closed, This describes the type of investor this organization is (e.g. Now, Greg, Mark and I will be happy to take your questions. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. 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. 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 on LinkedIn: GLP Capital Partners announces new 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! Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. G7 is a technology company backed by GLP. 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. This information is available in the PitchBook Platform. 10x harder to hold good investments, Managing Director, Head of GC&SEA&Australia, We are thrilled to collaborate with Crow Holdings, a US-based real estate investment manager. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Please go ahead, sir. For more information on GLPs ESG efforts, visit: glp.com/global/impact. GLP Capital Partners Oct 2021 - Present 1 year 5 months. What does this mean for CRE professionals? 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. Boston Properties. At over $2.3 billion the fund, GLP . At the end of 2022, our GDSO portfolio consisted of 1,673 sites, comprised of 353 company-operated sites, 295 commission agents, 192 leasing dealers and 833 contract dealers. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova Today's call is being recorded. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. 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). Property Logistics Specialist GLP Plans IPO for Investment Arm Annaly Capital Management. Copyright 2023 ALM Global, LLC. Global Partners had a return [] The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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. The adviser's REGISTRATION status is listed below. All Rights Reserved. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. #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. 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. 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. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Many thanks to Emerge CM. This is the GL Capital Partners company profile. Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. Global Fund Management, Capital Raising & Investor Relations. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. Overnight on Wall Street is daytime in Asia. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Copyright 2020 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. 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. GCP: Versatile strategy critical to deployment in US logistics - PERE Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Which One is Best? GLP reorganises global fund management platform to form GLP Capital Partners. We believe these assumptions are reasonable given currently available information. AvalonBay Communities. GLP on LinkedIn: GLP Capital Partners maintains strong fundraising 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. 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. 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. #GCP #GLP SEC / JURISDICTION. We continue to have ample excess capacity in our credit facility. 617-542-5300 GLP@investorrelations.com At this time, I'd like to turn the call over to Mr. Geary for opening remarks. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. He received his Bachelor of Science in Finance from Indiana University School of Business. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Gregory Hanson: Thank you, Eric, and good morning, everyone. 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. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. glp capital partners | DiGiacomo Group Sovereign Investor Leadership Conference March 2023 Menu Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. 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. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. (NASDAQ:KDNY), 61,368 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Purchased by MetLife Investment Management LLC, MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. (NYSE:WNC), MetLife Investment Management LLC Boosts Stake in MannKind Co. (NASDAQ:MNKD), MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. (NASDAQ:ME), MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. (NASDAQ:TGTX), MetLife Investment Management LLC Has $414,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), MetLife Investment Management LLC Raises Holdings in Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), MetLife Investment Management LLC Purchases 7,570 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH), MetLife Investment Management LLC Has $418,000 Holdings in Morphic Holding, Inc. (NASDAQ:MORF), UMH Properties, Inc. (NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. Bloomberg Daybreak Asia. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Global Partners LP (GLP) Q4 2022 Earnings Call Transcript Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. About Us | GLP GLP Capital Partners LP - Company Profile and News With that, now let me turn the call over to Greg for his financial review. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. 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. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. 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. GLP Capital Partners raises $2.3bn - PERE All Rights Reserved. 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. 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. Delivered first phase of 120 MW data center in Jiangsu Province, China. For those of you who are participating, we look forward to meeting with you. The fund is based in Santa Monica, California and invests in North America. GCP targets $2bn capital raise for new US industrial fund The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 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. 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? 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GLP Capital Partners raise $1.5bn | PERE Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz 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 Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. To explore GLP Capital Partners IVs full profile, request access. 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. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. 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. 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 firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. 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. This report is available on our website, and I encourage you to review it. The segment's performance for both periods was driven largely by an increase in bunkering activity. This is a boost from Global Partnerss previous quarterly dividend of $0.63. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Watch our brand video Boardwalk Real Estate Investment Trust. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. SLP | LinkedIn 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. Achieved total IT load capacity of ~1,400 MW in China. Global Partnerss dividend payout ratio is 25.32%. *May exclude premium content GLP Capital Partners | LinkedIn The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout.
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