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. To explore GLP Capital Partners IVs full profile, request access. As an early mover who saw the potential in building a smart logistics ecosystem ahead of its time, Hidden Hill Capital has, since 2018, invested RMB 6 billion in more than 50 companies in the fields of digital supply chain and logistics technology such as modern logistics service systems and food supply chains. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. For full year 2022, interest expense increased $1.2 million to $81.3 million. The fund is based in Santa Monica, California and invests in North America. Under his leadership and vision, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach to growth and value creation and has since expanded into adjacent sectors and new markets. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Bloomberg Daybreak Asia. Delivered first phase of 120 MW data center in Jiangsu Province, China. 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. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. GLP reorganises global fund management platform to form GLP Capital Partners. Strategic Partners 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. | Learn more about Melissa Ava Marshall MCIPD's . With that, now let me turn the call over to Greg for his financial review. 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. 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. Global Partnerss dividend payout ratio is 25.32%. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. http://ow.ly/x8QN50MJ7X4 Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . Shares of NYSE GLP opened at $34.99 on Friday. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. December 08, 2021 05:30 PM. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. 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. During the same quarter in the previous year, the company earned $0.44 earnings per share. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 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. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz #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. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. We operate across Asia, Europe, and the Americas. 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. The company was formerly listed on SGX-ST between 2010 to 2018. 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. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Sovereign Investor Leadership Conference March 2023 Menu Join to view profile GLP Capital Partners . Consistent with our focus on strategic transactions that strengthen our long-term earnings power, during the year, we closed on over $255 million of retail acquisitions. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Select Accept to consent or Reject to decline non-essential cookies for this use. 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. 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. REGISTRATION STATUS. 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? 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). GLP invested in Li & Fung to help execute on its Logistics/Assets-as-a-Service approach, which uses data analytics and technologies to bring value to customers. By Francisco Alvarado. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Annaly Capital Management. This is a profile preview from the PitchBook Platform. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. 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. 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. Many thanks to Emerge CM. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Private Equity GLP's 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. The fund targets logistics sector. Ming Mei is co-Founder and CEO of GLP. GLP was founded by Ming Mei and Jeff Schwartz as a developer and operator of logistics real estatewith operations in Japan and China, Listed on the Singapore Stock Exchange in the largest ever real estate IPO globally, Entered Brazil market as market leader with acquisition of $1.45B platform, Listed $1.3B GLP J-REIT (TSE: 3281) on Tokyo Stock Exchange - the largest real estate IPO in Japan, AUM grows to $11B with launch of first development fund in China and expansion of development vehicle in Japan, Enter the U.S. through the $8B acquisition of IndCorfrom Blackstone and becomes second largest logistics real estate owner in the U.S. within 12 months, Entered Europe market through the $2.8B acquisition of Gazeley and doubled Europe AUM within a year, GLP delists from SGX in $12B transaction, the largest of a listed company in Asia, GLP enters India via strategic partnership with IndoSpace, GLP sells 179M sq ft of U.S. assets to Blackstone for $18.7B, the largest-ever private real estate transaction globally, AUM grows to $89B following announcement of strategic investment partnership with China Merchants Capital, Global business expands to 17countries following acquisition of European portfolioand entry into Vietnam, Private equity business acquiresstake in Li & Fung, GLP C-REIT (508056:CH) is among the first batch of nine C-REITs to be listed in China. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. Several other hedge funds have also made changes to their positions in GLP. 10x easier to find good investments I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. #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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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. 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. 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. 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. 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. 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. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 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. G7 is a technology company backed by GLP. 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. We also have offices in Singapore and Hong Kong. Already have an account? GCP also invests in logistics technology companies from seed to growth equity stages. The energy . All rights reserved. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. This report is available on our website, and I encourage you to review it. For the full year, DCF was $413.4 million compared with $120.7 million in '21. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. 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. For those of you who are participating, we look forward to meeting with you. This button displays the currently selected search type. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Global Fund Management, Capital Raising & Investor Relations. 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. It provides software as a service (SaaS) products for logistics and invests in tech companies that create value for customers through the logistics ecosystem in Japan. Our team successfully navigated through these challenges. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. #1400 The fund focuses on logistics asset class. 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. It specializes in acquisitions, development, operations, technology, and e-commerce. Where is GLP located? The top 5 finals presented their entries and an awards presentation in November. Private Equity | GLP Investing in established and growth-stage businesses. Copyright 2020 GLP. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. Station operations, including station operations product margin, which includes convenience store and prepared food sales, sundries and rental income, rose $9.9 million to $67.2 million from the fourth quarter of 2021. 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. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. This special Bloomberg program highlights the event's biggest interviews and news makers. SEC / JURISDICTION. GLP Capital Partners. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. Gregory Hanson: Thank you, Eric, and good morning, everyone. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Turning to our distribution. Thrilled indeed! People and culture are core to GLPs business and its global success. There are Four Different NOIs in a CRE Deal. 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. Selected profiles of other Operating Partners are also shown below. 332 followers 329 connections. Why do investors keep destroying wealth? 2023 PitchBook. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. Want to see what other hedge funds are holding GLP? Corporate Finance & Alternative Asset Investment. 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. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. 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. How is GLP related to GLP Capital Partners? GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. 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. GLP Capital Partners IV is a real estate value added fund managed by GCP. Crow Holdings Capital consists of a cycle-tested team with a long history of investing in its flagship value-add fund series and will provide LPs access to a diversified portfolio of assets across the industrial, multifamily, and specialty sectors.
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