GLP is the largest shareholder of GLP Capital Partners. GCP is focused on uncovering advantaged opportunities in logistics real. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . #1400 Caution and uncertainty are the popular themes. It specializes in acquisitions, development, operations, technology, and e-commerce. 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. Where is GLP located? For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. GLP Capital Partners LP - Company Profile and News - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. At over $2.3 billion the fund, GLP . 13 min read. 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 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. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. Which One is Best? 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. The gasoline distribution contribution to product margin was up $36.2 million to $155.9 million, primarily due to higher fuel margin and an increase in volumes sold, partially due to our recent acquisitions. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Brookfield Property Partners. For the fourth quarter, our Wholesale segment product margin more than doubled from the same period in 2021 as market conditions and effective management of our inventories amid sustained backwardation in the distillates markets combined to drive strong margin capture. 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. 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. 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. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. Who owns GLP? Want to see what other hedge funds are holding GLP? Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . With that, now let me turn the call over to Greg for his financial review. Covering Brazil, Vietnam & PE funds. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Operator: Good day, everyone, and welcome to the Global Partners . Private Equity | GLP Investing in established and growth-stage businesses. 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. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. We are excited to work together on their flagship strategy! 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. 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. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. #GCP #GLP Today's call will include forward-looking statements within the meaning of Federal securities laws. 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. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Very excited to be on this journey with GCP! The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors Read More GLP Enters Japan's Data Center Market, Targeting 900 MW Power Capacity See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. *May exclude premium content Global Fund Management, Capital Raising & Investor Relations. I manage the legals on acquisitions, dispositions . Join to view profile GLP Capital Partners . In the renewable fuels area, we permitted and completed the installation of customizable biofuel systems at four of our terminals and began biofuel supply projects at two additional facilities. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. 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. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Delivered first phase of 120 MW data center in Jiangsu Province, China. Corporate Finance & Alternative Asset Investment. SEC / JURISDICTION. This documentary-style series follows investigative journalists as they uncover the truth. Boardwalk Real Estate Investment Trust. We operate across Asia, Europe, and the Americas. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). GCP Capital Partners - Home Investing in Firms with Significant Potential Seasoned private equity professionals making both control and influential minority investments in high-growth and select cyclical-growth industries 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. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Copyright 2020 GLP. Is Global Partners LP (GLP) . EFFECTIVE DATE; SEC: Copyright 2020 GLP. 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 company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . All Rights Reserved. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. Watch below as Catherine discusses the Emerge EMPWR program as a stepping stone for other women in the industry.This program will be a role model for future female portfolio managers. Active, Closed, This describes the type of investor this organization is (e.g. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Copyright 2020 GLP. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. The Company focuses on providing logistics real estate investment management solutions. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. The segment's performance for both periods was driven largely by an increase in bunkering activity. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. This is a boost from Global Partnerss previous quarterly dividend of $0.63. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. We continue to manage our balance sheet prudently. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. Hear the latest economic, business and market news, as well as global, national, and local news. 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. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. #GCP #GLP, Very exciting to be managingthis ETF! 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. 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). Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. "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. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. As Eric noted, diligent planning, effective fuel inventory management and solid execution by the entire team, allowed us to have continued strong performance in the fourth quarter of 2022, closing out a very strong year for the Partnership, highlighted by healthy margin contributions from all three segments of our business. 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.

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