Many thanks to Emerge CM. This button displays the currently selected search type. Asian industrial giant GLP on Tuesday unveiled GLP Capital Partners, a newly minted fund management business investing in sectors including Liked by Haijin Zeng Terry We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy Exclusive discounts on ALM and GlobeSt events. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. GLP Capital Partners. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. "Institutional investment manager" isn't really what it sounds like: the term comes from 13F filings and includes unregistered and/or non-U.S. managers and even some entities that don't consider themselves managers at all -- the terms includes entities that exercise "investment discretion" over U.S.-listed securities and related options and warrants with an aggregate value of at least USD 100 million. We continue to have ample excess capacity in our credit facility. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Thank you for joining us. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Several analysts have weighed in on GLP shares. Active, Closed, This describes the type of investor this organization is (e.g. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. 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. GLPGCP GLP Capital Partners ""46 1250 . Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. 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 below charts are illustrative of the type of graphical data available to our clients and do not represent live data. GLP is a privately owned company incorporated in Singapore. 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 is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Copyright 2023 ALM Global, LLC. In December, we entered into a purchase agreement with Gulf Oil Limited partnership to acquire five of Gulf's refined product terminals for approximately $273 million in cash. Solartility platform leases panels, storage batteries and bi-directional meters. 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. Our team successfully navigated through these challenges. People and culture are core to GLPs business and its global success. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. Sep 2022 - Present7 months. GCP also invests in logistics technology companies from seed to growth equity stages. You can update your choices at any time in your settings. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. We also continue to focus on optimizing our terminal network. 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. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. This is a boost from Global Partnerss previous quarterly dividend of $0.63. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. #GCP #GLP 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. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. There are Four Different NOIs in a CRE Deal. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Hear the latest economic, business and market news, as well as global, national, and local news. Operator: Good day, everyone, and welcome to the Global Partners . The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. GLP Capital Partners LP operates as an investment management company. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. #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. 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. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. 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. 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. 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. To continue reading the Q&A session, please click here. We continue to manage our balance sheet prudently. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. 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. Turning to the Commercial segment. 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. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. Institutional investors and hedge funds own 28.40% of the companys stock. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. 304917 Latest Filing 26 Aug 2022 SEC No. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. 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. Our combined global experience and expertise allow us to build businesses create value for our partners Mar 2023 - Present1 month. Singapore. 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. Turning to our segment details. He received his Bachelor of Science in Finance from Indiana University School of Business. Find More Contacts for GLP Capital Partners. Copyright 2020 GLP. 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. 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. The value-add fund will invest into the logistics sector. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. For the full year, Commercial segment product margin increased $25.4 million to $41 million. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. Very excited to be on this journey with GCP! 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. It specializes in acquisitions, development, operations, technology, and e-commerce. Arlington Asset Investment. Want to see what other hedge funds are holding GLP? 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Copyright 2020 GLP. 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. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. 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. This report is available on our website, and I encourage you to review it. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. 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. Looking at our upcoming Investor Relations calendar. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. All Rights Reserved. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. 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. 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. GLP Capital Partners Scores $64M Construction Loan For Doral Logistics Project As demand outpaces supply in South Florida's industrial market, GLP Capital Partners scored a $64.2 million construction loan for a new logistics park in Doral, The Real Deal has learned. 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. At the end of 2022, our GDSO portfolio consisted of 1,673 sites, comprised of 353 company-operated sites, 295 commission agents, 192 leasing dealers and 833 contract dealers. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Global Partners had a return [] The fund focuses on logistics asset class. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. 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. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Hong Kong SAR. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Gregory Hanson: Thank you, Eric, and good morning, everyone. Now let me turn the call back to Eric for closing comments. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. 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. Thrilled indeed! The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 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. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. We are committed to a broad range of ESG initiatives that elevate our business, create value for our stakeholders, support our employees and show respect to our local communities. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Please go ahead, sir. GLP is the largest shareholder of GLP Capital Partners. Read more about GLP Capital Partners. Now, Greg, Mark and I will be happy to take your questions. The company announced the . To explore GLP Capital Partners IVs full profile, request access. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. 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. How is GLP related to GLP Capital Partners? #GCP #GLP, Very exciting to be managingthis ETF! The Company focuses on providing logistics real estate investment management solutions. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. 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. Achieved total IT load capacity of ~1,400 MW in China. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. 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. Join to view profile GLP Capital Partners . Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. 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 Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. Win whats next. What does this mean for CRE professionals? GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Ming Mei is co-Founder and CEO of GLP. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. 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. GLP reorganises global fund management platform to form GLP Capital Partners. We believe these assumptions are reasonable given currently available information. The top 5 finals presented their entries and an awards presentation in November. 617-542-5300 GLP@investorrelations.com

P Plate Demerit Points Qld, Ichiban Happy Hour Menu, Family First Life Compensation, Articles G