Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Were proud of our long-shared history and culture with GLP and will continue to leverage our combined capabilities to create a powerful and unique ecosystem and value proposition for the benefit of our investors, customers and each other. Achieved total IT load capacity of ~1,400 MW in China. 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. 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. This is the GL Capital Partners company profile. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Arlington Asset Investment. 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. 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. Please go ahead, sir. 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. All rights reserved. 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. Luxembourg Alter Domus 2 ans 9 mois . GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. 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. 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. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? 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. Although gasoline and diesel prices ended the fourth quarter at almost the same place they began the quarter, inter-quarter price volatility allowed for periods of strong margin capture. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. 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. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. To learn more about GLP Capital Partners, visit www.gcp.com. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. 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. Our team successfully navigated through these challenges. 2023 PitchBook. Sign in or Register Sign in / Register Database LP search GP search To date, the group has secured more than $800,000 in grants to deploy DCFC EV charging stations at six of our locations and has developed a spec for DCFC stations at new Alltown Fresh locations. It specializes in acquisitions, development, operations, technology, and e-commerce. Our combined global experience and expertise allow us to build businesses create value for our partners 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. EFFECTIVE DATE; SEC: 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. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. 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 is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. All content is posted anonymously by employees working at GL Capital Partners. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. How is GLP related to GLP Capital Partners? Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. 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. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Copyright 2020 GLP. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Institutional investors and hedge funds own 28.40% of the companys stock. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Covering Brazil, Vietnam & PE funds. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: All Rights Reserved. Private Equity | GLP Investing in established and growth-stage businesses. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. http://ow.ly/x8QN50MJ7X4 Sovereign Investor Leadership Conference March 2023 Menu We also continue to focus on optimizing our terminal network. For the full year, DCF was $413.4 million compared with $120.7 million in '21. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Is Global Partners LP (GLP) . Annaly Capital Management. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Hear the latest economic, business and market news, as well as global, national, and local news. Pallas Capital Advisors LLC now owns 1,382,449 shares of the energy companys stock worth $46,312,000 after purchasing an additional 36,458 shares in the last quarter. Boardwalk Real Estate Investment Trust. During the same quarter in the previous year, the company earned $0.44 earnings per share. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Monoful is the business development arm of GLP Japan. 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. Today's call is being recorded. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Passionate about delivering on HR principles of attracting, developing, and retaining talent. What does this mean for CRE professionals? The fund is based in Santa Monica, California and invests in North America. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. The company was formerly listed on SGX-ST between 2010 to 2018. Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. 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. Bloomberg Daybreak Asia. *May exclude premium content Which One is Best? 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . G7 is a technology company backed by GLP. How long this might continue is impossible to say at the moment. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. 10x easier to find good investments We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Global Partnerss dividend payout ratio is 25.32%. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. The company announced the . 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. 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. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. We now offer renewable products at half of our 22 owned or controlled terminals. 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 Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners To continue reading the Q&A session, please click here. 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. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Very nice, congratulations on your and GLP's success, Alan. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Now let me turn the call back to Eric for closing comments. 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 companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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 Management & Investment GLP Capital Partners is the exclusive fund manager and investment advisor of GLP, a leading global business builder, investor, developer and operator. 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. We also have offices in Singapore and Hong Kong. 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. 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. Already have an account? For full year 2022, interest expense increased $1.2 million to $81.3 million. For the full year, GDSO product margin was up $209 million to $856.6 million, with fuel margins increasing $0.09 per gallon to $0.36 from $0.27 per gallon in the year-earlier period. 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. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Looking at our upcoming Investor Relations calendar. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. 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 reorganises global fund management platform to form GLP Capital Partners. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. 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! Happy to be at the ETF conference in Miami sharing our story! The fund focuses on logistics asset class. 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). 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. 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. Eric Slifka: Thank you, Sean, and good morning, everyone. 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. Shares of NYSE GLP opened at $34.99 on Friday. 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. Overnight on Wall Street is daytime in Asia. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Solartility platform leases panels, storage batteries and bi-directional meters. Markets never sleep, and neither does Bloomberg. REGISTRATION STATUS . GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. Can it be just a desire to be a "member of the club?" There are Four Different NOIs in a CRE Deal. Join to view profile GLP Capital Partners . For the full year, Commercial segment product margin increased $25.4 million to $41 million. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. 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. 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.. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Copyright 2020 GLP. 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. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. We continue to manage our balance sheet prudently. GLP Capital Partners. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. The ex-dividend date of this dividend was Tuesday, February 7th. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. 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. 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. 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. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. 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. 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). GDSO product margin was up $46.1 million in the quarter to $223.2 million. Want to see what other hedge funds are holding GLP? 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. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 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. Exclusive discounts on ALM and GlobeSt events. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. When expanded it provides a list of search options that will switch the search inputs to match the current selection. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. #1400 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. SEC / JURISDICTION. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. He is also an investor and board member of Value Retail China, a company that specializes in the development and operation of luxury outlet shopping villages. 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. This button displays the currently selected search type. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. The energy . GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Copyright 2023 ALM Global, LLC. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. Headquarters Location 100 Wilshire Blvd. Excluding the net gain on the sale of assets, TTM distribution coverage was 2.8x or 2.6x after factoring in distributions to our preferred unitholders. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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. Operator? Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. We are thrilled to have learned from the creativity of these bright minds. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. These statements include projections, expectations and estimates concerning the future financial and operational performance of Global Partners, which are based on assumptions regarding market conditions, demand for liquid energy products and convenience store products, the regulatory and permitting environment, the forward product pricing curve and other factors, which could influence our financial results. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. Located in Connecticut, Maine, Massachusetts and New Jersey, the terminals have an aggregate storage capacity of approximately 3.9 million barrels in locations that complement our network by making us more competitive in multiple products over a larger geographic base.