There are Four Different NOIs in a CRE Deal. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. 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. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. For the full year, Commercial segment product margin increased $25.4 million to $41 million. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. The energy . Select Accept to consent or Reject to decline non-essential cookies for this use. 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 has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. 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? 10x easier to research good investments GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies which are supported by global macroeconomic trends, including the sustained growth of globalised commerce, widespread adoption of e-commerce, increased demand for data storage/processing and worldwide focus on sustainable energy. 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. The company was formerly listed on SGX-ST between 2010 to 2018. 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. Gasoline and gasoline blendstock product margin increased $20.7 million to $107 million for the full year, primarily due to more favorable market conditions in gasoline during the second and third quarters of 2022. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Mar 2023 - Present1 month. Thank you for joining us. For the full year, DCF was $413.4 million compared with $120.7 million in '21. Operator? GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. Copyright 2023 ALM Global, LLC. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. 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. Tower Research Capital LLC TRC decreased its holdings in shares of Global Partners LP (NYSE:GLP Get Rating) by 17.9% during the 3rd quarter, Holdings Channel.com reports. Read more about GLP Capital Partners. Looking at expenses. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. We operate across Asia, Europe, and the Americas. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Singapore. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. 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All Rights Reserved. Copyright 2020 GLP. Hong Kong SAR. 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. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Active, Closed, This describes the type of investor this organization is (e.g. AvalonBay Communities. GLP reorganises global fund management platform to form GLP Capital Partners. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. GLP Capital Partners IV is a real estate value added fund managed by GCP. 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. People and culture are core to GLPs business and its global success. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Learn more in our Cookie Policy. Watch our brand video DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! 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. 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. Corporate Finance & Alternative Asset Investment. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Happy to be at the ETF conference in Miami sharing our story! Sign in or Register Sign in / Register Database LP search GP search 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 Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. | Learn more about Melissa Ava Marshall MCIPD's . During the same quarter in the previous year, the company earned $0.44 earnings per share. This information is available in the PitchBook Platform. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. 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. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. 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. Sean Geary: Good morning. Arlington Asset Investment. 13 min read. Global Partners undertakes no obligation to revise or update any forward-looking statements. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. GLP Capital Partners. He received his Bachelor of Science in Finance from Indiana University School of Business. To explore GLP Capital Partners IVs full profile, request access. Turning to the Commercial segment. Bloomberg Daybreak Asia. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. We now offer renewable products at half of our 22 owned or controlled terminals. All rights reserved. Annaly Capital Management. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. Covering Brazil, Vietnam & PE funds. He is also an investor and board member of Value Retail China, a company that specializes in the development and operation of luxury outlet shopping villages. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. Our combined investing and operating expertise allows us to create value for our customers and investors. Who owns GLP? 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. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Live market coverage co-anchored from Hong Kong and New York. 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. Copyright 2020 GLP. EFFECTIVE DATE; SEC: Private Capital Chugged Along Better Than Institutional Money Last Year, A Closer Look at H2s Investment Sales Drubbing, Calgary Startup Offers Wholesale Renewable Power to Homeowners, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. 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. 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. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. REGISTRATION STATUS . I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. Looking at our upcoming Investor Relations calendar. "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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. 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. #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. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. 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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. In our gasoline distribution and GDSO segment, we continued to benefit from higher retail fuel margins and increased activity in our convenience markets in part as a result of our recent acquisitions. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Luxembourg Alter Domus 2 ans 9 mois . Many thanks to Emerge CM. This is the GL Capital Partners company profile. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. December 08, 2021 05:30 PM. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Global Partnerss dividend payout ratio is 25.32%. 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. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. We continue to manage our balance sheet prudently. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Headquarters Location 100 Wilshire Blvd. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Today's call will include forward-looking statements within the meaning of Federal securities laws. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. GLP China has signed an agreement with Contemporary Amperex Technology Ltd. (CATL), the worlds leading battery provider and the largest maker of electric vehicle (EV) batteries, to create a new platform aimed at expanding the use of new energy through asset-as-a-service offerings and advancing sustainability in logistics and transportation. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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 This button displays the currently selected search type. 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. Very excited to be on this journey with GCP! Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. #GCP #GLP This is a boost from Global Partnerss previous quarterly dividend of $0.63. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. Growth Strategy with GLP Group Leveraging GLP Group's expertise in managing logistics facilities to the greatest extent possible, GLP J-REIT will work to maximize unitholder value through our best-in-class (highest level) asset management, which is esteemed in Japan and around the world. Institutional investors and hedge funds own 28.40% of the companys stock. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC 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 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. 10x harder to hold good investments, Managing Director, Head of GC&SEA&Australia, We are thrilled to collaborate with Crow Holdings, a US-based real estate investment manager. 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