Eric Slifka: Thank you, Greg. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. 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. 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . There are Four Different NOIs in a CRE Deal. 332 followers 329 connections. Achieved total IT load capacity of ~1,400 MW in China. EFFECTIVE DATE; SEC: The ex-dividend date of this dividend was Tuesday, February 7th. Find More Contacts for GLP Capital Partners. Mar 2023 - Present1 month. For full year 2022, interest expense increased $1.2 million to $81.3 million. Adam Berns - Chief Investment Officer, U.S. - GLP Capital Partners Hear the latest economic, business and market news, as well as global, national, and local news. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova 304917 Latest Filing 26 Aug 2022 SEC No. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Many thanks to Emerge CM. Careers - GLP Europe - Be a part of our next success story This is a profile preview from the PitchBook Platform. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. 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. Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations 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. Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). About us | GLP Europe | Logistics asset management & property development 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 City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . GLP Capital Partners raises $2.3bn - PERE 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. Exclusive discounts on ALM and GlobeSt events. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. Brixmor Property Group. At over $2.3 billion the fund, GLP . 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. Our European platform is built on more than 30 years of experience in logistics real estate and operates in 12 countries across the continent, covering all major logistics markets. GLP Capital Partners Closes $2.3B Logistics Fund | GlobeSt Markets never sleep, and neither does Bloomberg. We are excited to work together on their flagship strategy! Copyright 2020 GLP. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: 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. Operating expenses increased $25.2 million to $118 million for the fourth quarter and $91.7 million to $445.3 million for the full year. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. 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. glp, 1250 | Iir Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. Already have an account? Sep 2022 - Present7 months. For those of you who are participating, we look forward to meeting with you. 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. This special Bloomberg program highlights the event's biggest interviews and news makers. Boardwalk Real Estate Investment Trust. For more information on GLPs ESG efforts, visit: glp.com/global/impact. 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. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. This documentary-style series follows investigative journalists as they uncover the truth. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Global Partners LP (NYSE:GLP) Shares Sold by Tower Research Capital LLC Annaly Capital Management. 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. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. For the full year, GDSO product margin was up $209 million to $856.6 million, with fuel margins increasing $0.09 per gallon to $0.36 from $0.27 per gallon in the year-earlier period. 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? GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 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. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures -65.00 (-0.39%) Global Partners LP (GLP) NYSE - Nasdaq Real Time Price.. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Monoful is the business development arm of GLP Japan. All Rights Reserved. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. 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 whitepaper to learn which top retail CRE brands are poised for big things in 2023. GLP is the largest shareholder of GLP Capital Partners. People and culture are core to GLPs business and its global success. Looking at expenses. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. 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. 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. How is GLP related to GLP Capital Partners? Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Please go ahead, sir. 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. This is a boost from Global Partnerss previous quarterly dividend of $0.63. 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. Caution and uncertainty are the popular themes. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Bank of America Corp DE now owns 90,092 shares of the energy companys stock worth $2,457,000 after acquiring an additional 15,360 shares during the last quarter. For the full year, DCF was $413.4 million compared with $120.7 million in '21. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. 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. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Your article was successfully shared with the contacts you provided. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! Headquarters Location 100 Wilshire Blvd. 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. GLPGCP GLP Capital Partners ""46 1250 . 10x easier to research good investments We continue to have ample excess capacity in our credit facility. 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. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Strategic Partners | GLP GLP Capital Partners. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. 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. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Gregory Hanson: Thank you, Eric, and good morning, everyone. GLP Capital Partners - CB Insights Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. How long this might continue is impossible to say at the moment. GLP Capital Closes $2.3 Billion Logistics Real Estate Fund 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. Luxembourg Alter Domus 2 ans 9 mois . The adviser's REGISTRATION status is listed below. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. Sean Geary: Good morning. As an early mover who saw the potential in building a smart logistics ecosystem ahead of its time, Hidden Hill Capital has, since 2018, invested RMB 6 billion in more than 50 companies in the fields of digital supply chain and logistics technology such as modern logistics service systems and food supply chains. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. AvalonBay Communities. 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. 617-542-5300 GLP@investorrelations.com Shares of NYSE GLP opened at $34.99 on Friday. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Property Logistics Specialist GLP Plans IPO for Investment Arm - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative. 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. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Copyright 2020 GLP. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. 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 Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Rachel A Walker - General Counsel & Chief Administrative Officer 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. 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. Laurel Casey - Vice President - Investments - GLP Capital Partners View contacts for GLP Capital Partners to access new leads and connect with decision-makers. You can update your choices at any time in your settings. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. This information is available in the PitchBook Platform. 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. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Property Logistics Specialist GLP Plans IPO for Investment Arm I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. Global Partners LP - Investor Relations