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. Join to view profile GLP Capital Partners . 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. Paul D. - Analyst - GLP Capital Partners | LinkedIn Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Glp J-reit 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. Several other hedge funds have also made changes to their positions in GLP. Global Partners LP - Investor Relations Select Accept to consent or Reject to decline non-essential cookies for this use. We continue to have ample excess capacity in our credit facility. We operate across Asia, Europe, and the Americas. 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. Melissa Ava Marshall MCIPD - European HR & Operations - LinkedIn Jevin Zhuang - Fund Management Analyst - GLP Capital Partners Turning to our segment details. Copyright 2020 GLP. 2023 PitchBook. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). 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. Very nice, congratulations on your and GLP's success, Alan. 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. You can update your choices at any time in your settings. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. This report is available on our website, and I encourage you to review it. Selected profiles of other Operating Partners are also shown below. The top 5 finals presented their entries and an awards presentation in November. GLP is the largest shareholder of GLP Capital Partners. Thank you for joining us. Now let me turn the call back to Eric for closing comments. No need to worry, says Felipe Villarroel. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Current Vacancies - GLP Europe The Company focuses on providing logistics real estate investment management solutions. 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. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Very excited to be on this journey with GCP! Mar 2023 - Present1 month. Global Partnerss dividend payout ratio is 25.32%. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. On the EV front, our sustainability group welcomed and electric innovation strategist to evaluate, educate and guide our strategy in the electric space, including electric vehicle and charger market. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Already have an account? With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. This is a boost from Global Partnerss previous quarterly dividend of $0.63. GLP Capital Partners | LinkedIn Sean Geary: Good morning. 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). Headquarters Location 100 Wilshire Blvd. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Delivered first phase of 120 MW data center in Jiangsu Province, China. GCP also invests in logistics technology companies from seed to growth equity stages. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners What does this mean for CRE professionals? GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Slavena Raguz - Senior Financial Accountant - GLP Capital Partners 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. 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. 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. 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. 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. 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. 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. 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. An investor who invested $10,000 in Warren Buffett's hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees . Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Private Equity | GLP Global Partners LP (NYSE:GLP) Shares Sold by Tower Research Capital LLC Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Caution and uncertainty are the popular themes. People and culture are core to GLPs business and its global success. 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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Now, Greg, Mark and I will be happy to take your questions. 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. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. GLP Capital Partners IV Profile: Returns & Limited Partners | PitchBook View contacts for GLP Capital Partners to access new leads and connect with decision-makers. GCP Announces $2.3 Billion Final Closing of Logistics Property Fund For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. GLP Capital Closes $2.3 Billion Logistics Real Estate Fund The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. 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. Looking at our upcoming Investor Relations calendar. During the same quarter in the previous year, the company earned $0.44 earnings per share. GLP Capital Partners (GLP Capital Partners) - Real Estate Company SLP | LinkedIn Live market coverage co-anchored from Hong Kong and New York. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. This is a profile preview from the PitchBook Platform. Singapore. We continue to manage our balance sheet prudently. Our combined investing and operating expertise allows us to create value for our customers and investors. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Private Equity | GLP Investing in established and growth-stage businesses. 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. 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. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. 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. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Luxembourg Alter Domus 2 ans 9 mois . It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. GCP is focused on uncovering advantaged opportunities in logistics real. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. All content is posted anonymously by employees working at GL Capital Partners. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. BNP Paribas Arbitrage SA now owns 76,081 shares of the energy companys stock worth $1,788,000 after acquiring an additional 58,550 shares during the last quarter. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Is Global Partners LP (GLP) . We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. GCP Capital Partners - Home Shares of NYSE GLP opened at $34.99 on Friday. Brixmor Property Group. GCP targets $2bn capital raise for new US industrial fund We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. REGISTRATION STATUS. This button displays the currently selected search type. GLP Capital Partners. 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. GLP | LinkedIn Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Corporate Finance & Alternative Asset Investment. Overnight on Wall Street is daytime in Asia. The company announced the . 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. Watch our brand video 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. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. List of real estate investment firms - Wikipedia For more information on GLPs ESG efforts, visit: glp.com/global/impact. #partnership#privateequity#fundraising. This consists of $153.4 million under our $1.1 billion working capital revolving credit facility and $99 million under our $450 million revolving credit facility at 12/31/22. GLP Capital Partners raise $1.5bn | PERE 10x easier to research good 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. The value-add fund will invest into the logistics sector. Our combined global experience and expertise allow us to build businesses create value for our partners 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. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. The company was formerly listed on SGX-ST between 2010 to 2018. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. All rights reserved. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. Property Logistics Specialist GLP Plans IPO for Investment Arm http://ow.ly/x8QN50MJ7X4 #GCP #GLP Ming Mei is co-Founder and CEO of GLP. 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. All Rights Reserved. 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. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova 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. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. IAPD - Investment Adviser Public Disclosure - Homepage 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. Today's call will include forward-looking statements within the meaning of Federal securities laws. 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. 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. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. Rachel A Walker - General Counsel & Chief Administrative Officer Learn more in our Cookie Policy. Working at GL Capital Partners | Glassdoor 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. Strategic Partners | GLP Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. 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. *May exclude premium content 332 followers 329 connections. All Rights Reserved. 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. This is the GL Capital Partners company profile. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities.