GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova GCP Announces $2.3 Billion Final Closing of Logistics Property Fund We also continue to focus on optimizing our terminal network. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. GLP Capital Partners Inc. 100 Wilshire Boulevard, Suite 940, Santa GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund 10x easier to research good investments DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Sep 2022 - Present7 months. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Product margin from other oils and related products increased to $190.1 million for the full year, up $124.7 million from 2022 -- 2021, excuse me, primarily due to more favorable market conditions, largely in distillates. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Melissa Ava Marshall MCIPD - European HR & Operations - LinkedIn Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. This report is available on our website, and I encourage you to review it. Exclusive discounts on ALM and GlobeSt events. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. 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. 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. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Select Accept to consent or Reject to decline non-essential cookies for this use. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. GLP Capital Partners raises $2.3bn - PERE Global Partners LP (GLP) Q4 2022 Earnings Call Transcript The ex-dividend date of this dividend was Tuesday, February 7th. 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. 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. Laurel Casey - Vice President - Investments - GLP Capital Partners Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations 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. December 08, 2021 05:30 PM. 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. The fund targets logistics sector. GCP also invests in logistics technology companies from seed to growth equity stages. CapEx or the full year 2022 was $106.8 million, consisting of $54.4 million in maintenance CapEx, in line with our guidance of $45 million to $55 million; and expansion CapEx, excluding acquisitions of $52.4 million, in line with our guidance of $50 million to $60 million. Industrial & commercial warehouses rental | Available properties | GLP 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. 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. Today's call is being recorded. This is a boost from Global Partnerss previous quarterly dividend of $0.63. *May exclude premium content GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. SEC / JURISDICTION. 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. 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. 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 capital partners | DiGiacomo Group 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. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . 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. 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. Want to see what other hedge funds are holding GLP? Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . GLP Capital Partners - Crunchbase Investor Profile & Investments GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . By Francisco Alvarado. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. AvalonBay Communities. REGISTRATION STATUS . GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. All Rights Reserved. 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). The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. glp, 1250 | Iir Please go ahead, sir. 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. 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. GLP Capital Partners (GLP Capital Partners) - Real Estate Company 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. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Our Team | Bespoke Capital Partners | Bespoke Capital Partners Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). GLP We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. For the first time, "institutional investment managers" have to disclose how they're voting proxies on their (or their clients') holdings of US-listed securities with respect to executive compensation matters. Our 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. GLP Capital Partners on LinkedIn: GLP Capital Partners announces new 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. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Turning to our segment details. GLP Capital Partners - CB Insights The Company focuses on providing logistics real estate investment management solutions. 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. Chief Operating Officer at GLP Capital Partners Englewood, Colorado, United States 1K followers 500+ connections Join to connect GLP Capital Partners (GCP) Activity Congratulations Karolina. 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. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. To explore GLP Capital Partners IVs full profile, request access. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. GLP Capital, L.P. Credit Ratings :: Fitch Ratings 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! Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Hong Kong SAR. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. EFFECTIVE DATE; SEC: 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. 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. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The fund focuses on logistics asset class. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. The energy . 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. 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. Copyright 2023 ALM Global, LLC. GLP Capital LP - Company Profile and News - Bloomberg.com Eric Slifka: Thank you, Sean, and good morning, everyone. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Solartility platform leases panels, storage batteries and bi-directional meters. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! This information is available in the PitchBook Platform. Operating Partners Bespoke has over 75 Operating Partners who support the firm by assisting with opportunity identification, due diligence, building a value creation plan and investment oversight. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . GDSO product margin was up $46.1 million in the quarter to $223.2 million. Brandywine Realty Trust. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript 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 Capital Partners ("GCP") is a US-based real estate investment manager with fully integrated operating platforms focused on logistics real estate and adjacent asset classes. Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Sign in or Register Sign in / Register Database LP search GP search Sean Geary: Good morning. Is Global Partners LP (GLP) . 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. G7 is a technology company backed by GLP. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Property Logistics Specialist GLP Plans IPO for Investment Arm 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. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 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 firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. Selected profiles of other Operating Partners are also shown below. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Looking at our upcoming Investor Relations calendar. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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). United Kingdom - GLP Europe 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. 332 followers 329 connections. 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 had a net margin of 1.92% and a return on equity of 52.42%. Americold. In the renewable fuels area, we permitted and completed the installation of customizable biofuel systems at four of our terminals and began biofuel supply projects at two additional facilities. GCP: Versatile strategy critical to deployment in US logistics - PERE Private Equity | GLP The segment's performance for both periods was driven largely by an increase in bunkering activity. 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. Which One is Best? Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. GLP Capital Partners | LinkedIn See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. 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. Happy to be at the ETF conference in Miami sharing our story! GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. It specializes in acquisitions, development, operations, technology, and e-commerce. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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 increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. At over $2.3 billion the fund, GLP . To learn more about GLP Capital Partners, visit www.gcp.com. Institutional investors and hedge funds own 28.40% of the companys stock. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. 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. This is a profile preview from the PitchBook Platform. Brookfield Property Partners. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. 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 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. 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. #GCP #GLP GCP is focused on uncovering advantaged opportunities in logistics real. All Rights Reserved. To continue reading the Q&A session, please click here. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Caution and uncertainty are the popular themes. 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.
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