glp capital partners

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. 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 is a privately owned company incorporated in Singapore. 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. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Register here:https://lnkd.in/d5fUjbPC, Partner bei PricewaterhouseCoopers GmbH Wirtschaftsprfungsgesellschaft, New legislation on RETT filing duties in case of share deals has been passed by the legislator putting even more emphasis on correct and timely RETT filings. How long this might continue is impossible to say at the moment. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The energy . It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. REGISTRATION STATUS. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). These current estimates depend in part on the timing of completion of projects, availability of equipment and workforce, weather and unanticipated events or opportunities requiring additional maintenance or investments. 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 LP - Company Profile and News - Bloomberg.com Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. All Rights Reserved. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. GCP targets $2bn capital raise for new US industrial fund #partnership#privateequity#fundraising. 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. 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. Mar 2023 - Present1 month. 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. Headquarters Location 100 Wilshire Blvd. 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. United Kingdom - GLP Europe We continue to have ample excess capacity in our credit facility. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. To learn more about GLP Capital Partners, visit www.gcp.com. Brandywine Realty Trust. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. All Rights Reserved. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo! Brixmor Property Group. 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. The Company focuses on providing logistics real estate investment management solutions. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Sovereign Investor Leadership Conference March 2023 Menu How is GLP related to GLP Capital Partners? Global Partnerss dividend payout ratio is 25.32%. Its Time For A Fresh Look At The Kroger Co. West Frasers Earnings Scream Timber, Outlook Says Buy, MarketBeat.com's FREE daily email newsletter. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. On a full year basis, SG&A was up $50.2 million to $263.1 million. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. 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. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. 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. An investor who invested $10,000 in Warren Buffett's hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees . 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 . 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. 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? 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! Shares of NYSE GLP opened at $34.99 on Friday. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 332 followers 329 connections. He received his Bachelor of Science in Finance from Indiana University School of Business. We also have offices in Singapore and Hong Kong. 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. GLP Capital Partners LP operates as an investment management company. Active, Closed, This describes the type of investor this organization is (e.g. Our new structure puts us in a position to grow GCP into one of the only truly global alternative asset managers with both a leading presence in Asia and a track record of scale and success in the US, Brazil and Europe, said Alan Yang, CEO of 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. 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. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. 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. 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. Delivered first phase of 120 MW data center in Jiangsu Province, China. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). 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. 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. GLP Capital Partners Inc. 100 Wilshire Boulevard, Suite 940, Santa We are thrilled to have learned from the creativity of these bright minds. Private Equity | GLP Investing in established and growth-stage businesses. 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. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Private Equity | GLP GLP Capital Partners (GLP Capital Partners) - Real Estate Company 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. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. 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. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. "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 have a great lineup of panelists who will share the knowledge they've gained throughout their careers. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations Global Partners undertakes no obligation to revise or update any forward-looking statements. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Live market coverage co-anchored from Hong Kong and New York. Operator? LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. Who owns GLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn 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 GLP is the largest shareholder of GLP Capital Partners. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. GCP: Versatile strategy critical to deployment in US logistics - PERE GLP Capital Partners - Crunchbase Investor Profile & Investments Rachel A Walker - General Counsel & Chief Administrative Officer StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. 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. 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. Now, Greg, Mark and I will be happy to take your questions. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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. The fund targets logistics sector. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. 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. 13 min read. GLP Capital Partners LP - Company Profile and News We operate across Asia, Europe, and the Americas. 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. 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. Working at GL Capital Partners | Glassdoor The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. GLP Capital Partners Closes $2.3B Logistics Fund | GlobeSt DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Operator: Good day, everyone, and welcome to the Global Partners . 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. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Haijin Zeng Terry - VP, Global Digital Transformation - GLP - LinkedIn GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova GLP on LinkedIn: GLP Capital Partners maintains strong fundraising We also continue to focus on optimizing our terminal network. Select Accept to consent or Reject to decline non-essential cookies for this use. GLP Capital Partners | LinkedIn GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. GLP Capital Partners raises $2.3bn for North American logistics fund Now let me turn the call back to Eric for closing comments. IAPD - Investment Adviser Public Disclosure - Homepage GLP Capital Partners IV Profile: Returns & Limited Partners | PitchBook DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. For those of you who are participating, we look forward to meeting with you. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. 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. Monoful is the business development arm of GLP Japan. No need to worry, says Felipe Villarroel. 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. 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. 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. Purchased by MetLife Investment Management LLC. GLP Capital Partners Scores $64M Loan For Doral Project 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. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. 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. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. Today's call will include forward-looking statements within the meaning of Federal securities laws. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . 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. 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. 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. 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. 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. Where is GLP located? The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Sean Geary: Good morning. REGISTRATION STATUS . 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. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. Institutional investors and hedge funds own 28.40% of the companys stock. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. GLP Capital Partners raises $2.3bn - PERE 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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million.

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