The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Want to see what other hedge funds are holding GLP? 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. Hong Kong SAR. 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). From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. For more information on GLPs ESG efforts, visit: glp.com/global/impact. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 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. 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). We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. This special Bloomberg program highlights the event's biggest interviews and news makers. Any material comments concerning future results of operations will be communicated through news releases, publicly announced conference calls or other means that will constitute public disclosure for the purposes of Regulation FD. What does this mean for CRE professionals? Sign in or Register Sign in / Register Database LP search GP search There are Four Different NOIs in a CRE Deal. The fund targets logistics sector. Now let me turn the call back to Eric for closing comments. 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. 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 With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. #ABS #CLOs #HighYield, Principal and Director of Research at Buckingham Family of Financial Services, IMO the greatest anomaly in finance is despite horrific performance hedge fund assets have grown about 15x over past 30 years. 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. 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. GCP is focused on uncovering advantaged opportunities in logistics real. Headquarters Location 100 Wilshire Blvd. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. 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Covering Brazil, Vietnam & PE funds. We are committed to a broad range of ESG initiatives that elevate our business, create value for our stakeholders, support our employees and show respect to our local communities. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Sep 2022 - Present7 months. 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. The energy . We are thrilled to have learned from the creativity of these bright minds. 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. We are excited to work together on their flagship strategy! The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Institutional investors and hedge funds own 28.40% of the companys stock. 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. | Learn more about Melissa Ava Marshall MCIPD's . Arlington Asset Investment. 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. December 08, 2021 05:30 PM. He received his Bachelor of Science in Finance from Indiana University School of Business. GLP reorganises global fund management platform to form GLP Capital Partners. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Copyright 2020 GLP. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. EFFECTIVE DATE; SEC: As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Looking at expenses. Several analysts have weighed in on GLP shares. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR 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. 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. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Live market coverage co-anchored from Hong Kong and New York. We continue to manage our balance sheet prudently. 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. Thrilled indeed! 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? During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. 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's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. "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. Hear the latest economic, business and market news, as well as global, national, and local news. 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. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. The top 5 finals presented their entries and an awards presentation in November. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Operator? I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. AvalonBay Communities. This button displays the currently selected search type. All Rights Reserved. All Rights Reserved. Where is GLP located? Very excited to be on this journey with GCP! Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. 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. 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. The adviser's REGISTRATION status is listed below. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. We now offer renewable products at half of our 22 owned or controlled terminals. 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. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. For the full year, DCF was $413.4 million compared with $120.7 million in '21. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Turning to the Commercial segment. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Brookfield Property Partners. GLP has announced a substantial plan to enter the Japan data center market, with a target of investing more than $12 billion over the next five years to build out 900 MW of power capacity. 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. I manage the legals on acquisitions, dispositions . Active, Closed, This describes the type of investor this organization is (e.g. 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. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Today's call is being recorded. Bloomberg Daybreak Asia. 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.. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. 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. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. All Rights Reserved. 13 min read. MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. MetLife Investment Management LLC Boosts Stake in MannKind Co. MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. (NASDAQ:KDNY), 61,368 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Purchased by MetLife Investment Management LLC, MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. (NYSE:WNC), MetLife Investment Management LLC Boosts Stake in MannKind Co. (NASDAQ:MNKD), MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. (NASDAQ:ME), MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. (NASDAQ:TGTX), MetLife Investment Management LLC Has $414,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), MetLife Investment Management LLC Raises Holdings in Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), MetLife Investment Management LLC Purchases 7,570 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH), MetLife Investment Management LLC Has $418,000 Holdings in Morphic Holding, Inc. (NASDAQ:MORF), UMH Properties, Inc. (NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. 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 engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. 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. Brixmor Property Group. 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. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. Many thanks to Emerge CM. http://ow.ly/x8QN50MJ7X4 GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. GLP Capital Partners Scores $64M Construction Loan For Doral Logistics Project As demand outpaces supply in South Florida's industrial market, GLP Capital Partners scored a $64.2 million construction loan for a new logistics park in Doral, The Real Deal has learned. 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. Thank you for joining us. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). Eric Slifka: Thank you, Sean, and good morning, everyone. 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. Li & Fung is a global leader in creating customized, end-to-end supply chain and logistics solutions to help brands and retailers respond quickly to evolving consumer and production trends. 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. With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka; Chief Financial Officer, Mr. Gregory Hanson; Chief Operating Officer, Mr. Mark Romaine; and Chief Legal Officer, Mr. Sean Geary. Who owns GLP? This years Innovation Summit featured finalists selected by the Earthshot council in addition to panelist speakers from heads of state, grassroots organizations and tech leaders. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Now, Greg, Mark and I will be happy to take your questions. The ex-dividend date of this dividend was Tuesday, February 7th. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Copyright 2020 GLP. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. The segment's performance for both periods was driven largely by an increase in bunkering activity. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. BNP Paribas Arbitrage SA now owns 76,081 shares of the energy companys stock worth $1,788,000 after acquiring an additional 58,550 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. You can update your choices at any time in your settings. 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. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Copyright 2023 ALM Global, LLC. Our combined global experience and expertise allow us to build businesses create value for our partners Is Global Partners LP (GLP) . We're excited to share the new GLP Capital Partners (GCP) and GLP structure. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Very nice, congratulations on your and GLP's success, Alan. 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. 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. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . Boardwalk Real Estate Investment Trust. All content is posted anonymously by employees working at GL Capital Partners. Our ability to attract top talent and focus on developing their skills supports our global growth and helps the company expand beyond what it is today. Operator: Good day, everyone, and welcome to the Global Partners . 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 Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. Read more about GLP Capital Partners. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. Luxembourg Alter Domus 2 ans 9 mois . 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. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. REGISTRATION STATUS. Our combined investing and operating expertise allows us to create value for our customers and investors. Achieved total IT load capacity of ~1,400 MW in China. Learn more in our Cookie Policy. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. 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. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. This is a boost from Global Partnerss previous quarterly dividend of $0.63. Turning to our distribution. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. No need to worry, says Felipe Villarroel. On a full year basis, SG&A was up $50.2 million to $263.1 million. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. 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. 304917 Latest Filing 26 Aug 2022 SEC No.