Where is GLP located? People and culture are core to GLPs business and its global success. Today's call is being recorded. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. We continue to have ample excess capacity in our credit facility. 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. Copyright 2020 GLP. Paul D. - Analyst - GLP Capital Partners | LinkedIn GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. 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. 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. We also continue to focus on optimizing our terminal network. Thrilled indeed! Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Now, Greg, Mark and I will be happy to take your questions. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. Glp Capital Partners LP Company Profile | Santa Monica, CA Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. There are Four Different NOIs in a CRE Deal. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT The fund targets logistics sector. 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. 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. It specializes in acquisitions, development, operations, technology, and e-commerce. 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. Property Logistics Specialist GLP Plans IPO for Investment Arm Turning to our segment details. Jevin Zhuang - Fund Management Analyst - GLP Capital Partners All Rights Reserved. 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. 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. GLP Capital Closes $2.3 Billion Logistics Real Estate Fund 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 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 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. By Francisco Alvarado. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. 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. Find More Contacts for GLP Capital Partners. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Passionate about delivering on HR principles of attracting, developing, and retaining talent. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. 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 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 on LinkedIn: GLP Capital Partners announces new 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. On a full year basis, SG&A was up $50.2 million to $263.1 million. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. Brookfield Property Partners. 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. 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. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Which One is Best? The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. United Kingdom - GLP Europe 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. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund 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. 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. Careers - GLP Europe - Be a part of our next success story Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. 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. GDSO product margin was up $46.1 million in the quarter to $223.2 million. Eric Slifka: Thank you, Greg. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. GLP is the largest shareholder of GLP Capital Partners. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? We now offer renewable products at half of our 22 owned or controlled terminals. 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. Exclusive discounts on ALM and GlobeSt events. GLP Capital Partners Oct 2021 - Present 1 year 5 months. All Rights Reserved. To explore GLP Capital Partners IVs full profile, request access. 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. We are excited to work together on their flagship strategy! The company was formerly listed on SGX-ST between 2010 to 2018. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. We believe these assumptions are reasonable given currently available information. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. 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. He received his Bachelor of Science in Finance from Indiana University School of Business. At over $2.3 billion the fund, GLP . Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. GLP Capital Partners Scores $64M Loan For Doral Project 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Headquarters Location 100 Wilshire Blvd. Brixmor Property Group. 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. This documentary-style series follows investigative journalists as they uncover the truth. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Thank you for joining us. GLP Capital Partners IV Profile: Returns & Limited Partners | PitchBook For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Our combined investing and operating expertise allows us to create value for our customers and investors. The fund is based in Santa Monica, California and invests in North America. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Retailers faced a wide range of challenges in 2022. Already have an account? GLP Capital Partners | LinkedIn Copyright 2020 GLP. | Learn more about Melissa Ava Marshall MCIPD's . StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. GLP Capital Partners (GLP Capital Partners) - Real Estate Company GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. 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. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. 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. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. GLP Capital Partners raises $2.3bn for North American logistics fund GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. 13 min read. Tower Research Capital LLC TRC Has $285,000 Stock Holdings in Global This button displays the currently selected search type. I manage the legals on acquisitions, dispositions . 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 Releases 2021 ESG Report - PR Newswire GLP Capital Partners on LinkedIn: GLP Capital Partners maintains strong 2023 PitchBook. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. 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. 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). 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. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. 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. GLP Capital Partners is the exclusive investment and asset manager of GLP. Our team successfully navigated through these challenges. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. 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. 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. During the same quarter in the previous year, the company earned $0.44 earnings per share. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. Can it be just a desire to be a "member of the club?" #1400 This is the GL Capital Partners company profile. GCP Capital Partners - Home 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). GCP is focused on uncovering advantaged opportunities in logistics real. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! SEC / JURISDICTION. Luxembourg Alter Domus 2 ans 9 mois . The energy . Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. With that, now let me turn the call over to Greg for his financial review. Corporate Finance & Alternative Asset Investment. GLP Capital Partners IV is a real estate value added fund managed by GCP. This report is available on our website, and I encourage you to review it. 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. 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. All content is posted anonymously by employees working at GL Capital Partners. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. AvalonBay Communities. GLP is a privately owned company incorporated in Singapore. 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. 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. Global Partners had a return [] PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. The ex-dividend date of this dividend was Tuesday, February 7th. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Singapore. 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. 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. Working at GL Capital Partners | Glassdoor 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 Capital Partners LP operates as an investment management company. GLP Capital Partners - Crunchbase Investor Profile & Investments 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. 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. 332 followers 329 connections. Copyright 2020 GLP. 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. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. 617-542-5300 GLP@investorrelations.com Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC 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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. 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 Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. 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. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. 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).