The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. 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. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Copyright 2020 GLP. Global Partners had a return [] The value-add fund will invest into the logistics sector. 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. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. For full year 2022, interest expense increased $1.2 million to $81.3 million. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. The segment's performance for both periods was driven largely by an increase in bunkering activity. Learn more in our Cookie Policy. 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). Win whats next. CapEx or the full year 2022 was $106.8 million, consisting of $54.4 million in maintenance CapEx, in line with our guidance of $45 million to $55 million; and expansion CapEx, excluding acquisitions of $52.4 million, in line with our guidance of $50 million to $60 million. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. 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. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Now let me turn the call back to Eric for closing comments. GLPGCP GLP Capital Partners ""46 1250 . The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. GCP also invests in logistics technology companies from seed to growth equity stages. 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 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. Active, Closed, This describes the type of investor this organization is (e.g. #partnership#privateequity#fundraising. 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. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . REGISTRATION STATUS . Already have an account? Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. This documentary-style series follows investigative journalists as they uncover the truth. Today's call will include forward-looking statements within the meaning of Federal securities laws. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Luxembourg Alter Domus 2 ans 9 mois . All Rights Reserved. 10x easier to find good investments The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. 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. 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. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. We are thrilled to have learned from the creativity of these bright minds. December 08, 2021 05:30 PM. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. Your article was successfully shared with the contacts you provided. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Read more about GLP Capital Partners. 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. 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. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. #1400 Eric Slifka: Thank you, Sean, and good morning, everyone. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Copyright 2020 GLP. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. #GCP #GLP, Very exciting to be managingthis ETF! GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Singapore. Our team successfully navigated through these challenges. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. Sean Geary: Good morning. No need to worry, says Felipe Villarroel. You can update your choices at any time in your settings. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Selected profiles of other Operating Partners are also shown below. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). 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. Who owns GLP? DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. We are excited to work together on their flagship strategy! For more information on GLPs ESG efforts, visit: glp.com/global/impact. GLP reorganises global fund management platform to form GLP Capital Partners. All rights reserved. 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 Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). G7 is a technology company backed by GLP. All Rights Reserved. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . To continue reading the Q&A session, please click here. Global Fund Management, Capital Raising & Investor Relations. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Institutional investors and hedge funds own 28.40% of the companys stock. Boardwalk Real Estate Investment Trust. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. People and culture are core to GLPs business and its global success. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Operator: Good day, everyone, and welcome to the Global Partners . 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. There are Four Different NOIs in a CRE Deal. 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. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Can it be just a desire to be a "member of the club?" 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. Turning to our distribution. As we continue to invest in optimizing our sites with an eye towards sustainability, we know that the drivers of tomorrow will have different expectations and needs than the drivers of today. REGISTRATION STATUS. Bloomberg Daybreak Asia. Sign in or Register Sign in / Register Database LP search GP search Eric Slifka: Thank you, Greg. Thrilled indeed! GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. 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. 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. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Turning to the Commercial segment. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. This special Bloomberg program highlights the event's biggest interviews and news makers. Covering Brazil, Vietnam & PE funds. 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. 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. 304917 Latest Filing 26 Aug 2022 SEC No. 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. AvalonBay Communities. 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. 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. With that, now let me turn the call over to Greg for his financial review. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. This report is available on our website, and I encourage you to review it. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. 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. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. 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. We also have offices in Singapore and Hong Kong. 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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. 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. Please go ahead, sir. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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. The energy . The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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. The ex-dividend date of this dividend was Tuesday, February 7th. 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. Asian industrial giant GLP on Tuesday unveiled GLP Capital Partners, a newly minted fund management business investing in sectors including Liked by Haijin Zeng Terry We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy 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. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure GLP Capital Partners IV is a real estate value added fund managed by GCP. 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). Hear the latest economic, business and market news, as well as global, national, and local news. Several other hedge funds have also made changes to their positions in GLP. Ming Mei is co-Founder and CEO of GLP. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. 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 Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. 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. Thank you for joining us. Headquarters Location 100 Wilshire Blvd. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics .

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