GLPGCP GLP Capital Partners ""46 1250 . View contacts for GLP Capital Partners to access new leads and connect with decision-makers. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Sovereign Investor Leadership Conference March 2023 Menu 332 followers 329 connections. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. #GCP #GLP What does this mean for CRE professionals? 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. On a full year basis, SG&A was up $50.2 million to $263.1 million. #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. 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. 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. Select Accept to consent or Reject to decline non-essential cookies for this use. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. We are thrilled to have learned from the creativity of these bright minds. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. Several analysts have weighed in on GLP shares. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Ming Mei is co-Founder and CEO of GLP. 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? 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. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. #partnership#privateequity#fundraising. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: 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. 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 GLP Capital Partners LP operates as an investment management company. Eric Slifka: Thank you, Sean, and good morning, everyone. To explore GLP Capital Partners IVs full profile, request access. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Covering Brazil, Vietnam & PE funds. 13 min read. He received his Bachelor of Science in Finance from Indiana University School of Business. Sep 2022 - Present7 months. How long this might continue is impossible to say at the moment. Operator: Good day, everyone, and welcome to the Global Partners . BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. 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. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. We continue to have ample excess capacity in our credit facility. The segment's performance for both periods was driven largely by an increase in bunkering activity. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure #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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). 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. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. 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. Sign in or Register Sign in / Register Database LP search GP search 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. AvalonBay Communities. The company announced the . 2023 PitchBook. The gasoline distribution contribution to product margin was up $36.2 million to $155.9 million, primarily due to higher fuel margin and an increase in volumes sold, partially due to our recent acquisitions. 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. GLP reorganises global fund management platform to form GLP Capital Partners. Gregory Hanson: Thank you, Eric, and good morning, everyone. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. REGISTRATION STATUS . 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). Luxembourg Alter Domus 2 ans 9 mois . Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. This button displays the currently selected search type. Our team successfully navigated through these challenges. Markets never sleep, and neither does Bloomberg. People and culture are core to GLPs business and its global success. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. All Rights Reserved. Li & Fung is a global leader in creating customized, end-to-end supply chain and logistics solutions to help brands and retailers respond quickly to evolving consumer and production trends. The adviser's REGISTRATION status is listed below. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. All Rights Reserved. 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. 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. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. 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. Product margin from other oils and related products, which include distillates and residual oil, was up $48.5 million to $59.4 million, primarily due to more favorable market conditions in distillates. 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. 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. Singapore. Join to view profile GLP Capital Partners . All Rights Reserved. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). During the same quarter in the previous year, the company earned $0.44 earnings per share. This report is available on our website, and I encourage you to review it. Hear the latest economic, business and market news, as well as global, national, and local news. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. 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. 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. Thank you for joining us. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. GDSO product margin was up $46.1 million in the quarter to $223.2 million. | Learn more about Melissa Ava Marshall MCIPD's . Happy to be at the ETF conference in Miami sharing our story! Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. 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. The Company focuses on providing logistics real estate investment management solutions. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! 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. Today's call will include forward-looking statements within the meaning of Federal securities laws. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. Headquarters Location 100 Wilshire Blvd. To continue reading the Q&A session, please click here. Arlington Asset Investment. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Global Partners undertakes no obligation to revise or update any forward-looking statements. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. 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. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Sean Geary: Good morning. Brandywine Realty Trust. 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. 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. 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. 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. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 304917 Latest Filing 26 Aug 2022 SEC No. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Active, Closed, This describes the type of investor this organization is (e.g. Copyright 2023 ALM Global, LLC. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz 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. Turning to our distribution. 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. This information is available in the PitchBook Platform. Now let me turn the call back to Eric for closing comments. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. For the full year, DCF was $413.4 million compared with $120.7 million in '21. 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. Solartility platform leases panels, storage batteries and bi-directional meters. 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. 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. 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. Global Fund Management, Capital Raising & Investor Relations. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. GLP is the largest shareholder of GLP Capital Partners. Monoful is the business development arm of GLP Japan. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. GLP has launched a number of initiatives to pursue renewable energy development including rooftop solar on our global logistics real estate portfolio, wind assets and energy storage solutions. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. You can update your choices at any time in your settings. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. We operate across Asia, Europe, and the Americas. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. We believe these assumptions are reasonable given currently available information. 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 forms strategic investment partnerships with companies that can bring about more opportunities and synergies with our core logistics real estate business globally and expand our investment scope further into adjacent segments. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Your article was successfully shared with the contacts you provided. 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. 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. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. Our combined investing and operating expertise allows us to create value for our customers and investors. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. 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! Hong Kong SAR. We also have offices in Singapore and Hong Kong. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Today's call is being recorded. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. 617-542-5300 GLP@investorrelations.com All Rights Reserved. This special Bloomberg program highlights the event's biggest interviews and news makers. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Property Logistics Specialist GLP Plans IPO for Investment Arm - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Bloomberg Daybreak Asia. 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. Fund name: GLP Capital Partners IV Fund size: $2.3 billion Target size: $2 billion Launch date: June 2020 Current status: Final close, July 2021 GLP Capital Partners has held a final close on their fourth flagship fund, the GLP Capital Partners IV.Successfully raising more than $2.3 billion, the vehicle will invest in logistics real estate throughout the US. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. Global Partnerss dividend payout ratio is 25.32%. It specializes in acquisitions, development, operations, technology, and e-commerce. GLP is a privately owned company incorporated in Singapore. Corporate Finance & Alternative Asset Investment. 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. Overnight on Wall Street is daytime in Asia. Global Partners had a return [] From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation.