Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 2023 Could be Year Apartment Owners Compete for Renters, Beyond Population Shifts: Why Multifamilys Outlook Is Good, Cost of Capital Has CRE Projects Mostly Stalled. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. For companies across our industry and many others, 2022 was a year of significant challenges, including supply chain constraints, steep commodity price volatility, inflation, a tough labor market in the war in Ukraine. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. We operate across Asia, Europe, and the Americas. 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. 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. 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. How long this might continue is impossible to say at the moment. 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. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. With that, now let me turn the call over to Greg for his financial review. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. To explore GLP Capital Partners IVs full profile, request access. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Posted by MarketBeat News on Mar 3rd, 2023. 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. Global Partners LP (GLP) Q4 2022 Earnings Call Transcript The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . GLP Capital Partners Inc. 100 Wilshire Boulevard, Suite 940, Santa 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! 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. REGISTRATION STATUS . GLP Capital Partners Fund Manager Profile | Preqin 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. 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. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Working at GL Capital Partners | Glassdoor Hear the latest economic, business and market news, as well as global, national, and local news. 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 (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. GLP Capital Partners on LinkedIn: GLP Capital Partners maintains strong The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. 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. Glp Capital Partners LP Company Profile | Santa Monica, CA 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. Santa Monica, California, United States 1-10 Venture Capital Early Stage Venture www.glpcp.com/ 10,144 Highlights Investments 6 Employee Profiles 5 Contacts 21 Similar Companies 5 glp capital partners | DiGiacomo Group 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 retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. GLP | LinkedIn Overnight on Wall Street is daytime in Asia. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. GLP is the largest shareholder of GLP Capital Partners. GLP Capital Partners (GLP Capital Partners) - Real Estate Company 10x easier to find good investments Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. The value-add fund will invest into the logistics sector. Americold. Mar 2023 - Present1 month. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. We are thrilled to have learned from the creativity of these bright minds. 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. GCP Capital Partners - Home 332 followers 329 connections. Turning to the Commercial segment. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. 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. 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. Global Partners undertakes no obligation to revise or update any forward-looking statements. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. We continue to manage our balance sheet prudently. Rachel A Walker - General Counsel & Chief Administrative Officer The top 5 finals presented their entries and an awards presentation in November. Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations Markets never sleep, and neither does Bloomberg. Address: 100 Wilshire Blvd Ste 1400 Santa Monica, CA, 90401-1196 United States See other locations Phone: Website: www.glpcp.com Employees (this site): Modelled Employees (all sites): Modelled Revenue: Modelled Year Started: Unlock full sales materials and reports Contacts Get in Touch with 1 Principals* and 4 Contacts Adam Burnes Principal IAPD - Investment Adviser Public Disclosure - Homepage 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 HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Singapore. 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. Institutional investors and hedge funds own 28.40% of the companys stock. GLP Capital Partners' Post GLP Capital Partners 1,707 followers 8h Today, we're excited to announce that we raised $12.3 billion in equity in 2022 across our real asset and private equity. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Learn more in our Cookie Policy. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. People and culture are core to GLPs business and its global success. 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 CAPITAL PARTNERS, INC. ( CRD # 304917/SEC#:801-117132 ) GLP CAPITAL PARTNERS LP, GLP CAPITAL PARTNERS, INC. View latest Form ADV filed Part 2 Brochures. Corporate Finance & Alternative Asset Investment. GLP Capital Partners raise $1.5bn | PERE Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Sovereign Investor Leadership Conference March 2023 Menu 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. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. 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 - Investor Relations glp, 1250 | Iir Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. GCP also invests in logistics technology companies from seed to growth equity stages. This is the GL Capital Partners company profile. 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. 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. The Earthshot Prize 2022 is a global prize designed to incentivize change and help to repair our planet by awarding five winners each year for their contributions to environmentalism. The company was formerly listed on SGX-ST between 2010 to 2018. Solartility platform leases panels, storage batteries and bi-directional meters. | Learn more about Melissa Ava Marshall MCIPD's . The fund focuses on logistics asset class. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. To continue reading the Q&A session, please click here. About Us | GLP The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. All Rights Reserved. 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. 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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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 raises $2.3bn - PERE The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. 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. 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 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. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. 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. Purchased by MetLife Investment Management LLC. Shares of NYSE GLP opened at $34.99 on Friday. The fund is based in Santa Monica, California and invests in North America. 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. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. 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. For the full year, Commercial segment product margin increased $25.4 million to $41 million. 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. Select Accept to consent or Reject to decline non-essential cookies for this use. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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. Where is GLP located? Tower Research Capital LLC TRC Raises Stock Holdings in Innoviva, Inc. (NASDAQ:INVA), Tower Research Capital LLC TRC Trims Holdings in SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH), Get a free copy of the StockNews.com research report on Global Partners (GLP), Hormel Hits 2-Year Low, And The Dip Gets Bought, Heres Why Ross Could Soon Be Hitting All Time Highs. This special Bloomberg program highlights the event's biggest interviews and news makers. This report is available on our website, and I encourage you to review it. Arlington Asset Investment. 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. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. GLP on LinkedIn: GLP Capital Partners maintains strong fundraising 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. 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. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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 Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. Thrilled indeed! Find More Contacts for GLP Capital Partners. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. 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. All rights reserved. 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. Turning to our segment details. 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. 2022 was an exceptionally strong year for Global, reflecting the dedication of our incredible team, our vertically integrated assets, adaptable operating model and strong balance sheet position us well for 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. What does this mean for CRE professionals? Sean Geary: Good morning. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. 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. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. 13 min read. Paul D. - Analyst - GLP Capital Partners | LinkedIn 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. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. 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. 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.

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