Were proud of our long-shared history and culture with GLP and will continue to leverage our combined capabilities to create a powerful and unique ecosystem and value proposition for the benefit of our investors, customers and each other. Learn more in our Cookie Policy. The ex-dividend date of this dividend was Tuesday, February 7th. To learn more about GLP Capital Partners, visit www.gcp.com. GCP also invests in logistics technology companies from seed to growth equity stages. Global Partners had a return [] During the same quarter in the previous year, the company earned $0.44 earnings per share. glp, 1250 | Iir 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Several other hedge funds have also made changes to their positions in GLP. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. 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. Covering Brazil, Vietnam & PE funds. 304917 Latest Filing 26 Aug 2022 SEC No. GCP is focused on uncovering advantaged opportunities in logistics real. 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). I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: This button displays the currently selected search type. Exclusive discounts on ALM and GlobeSt events. Glp J-reit 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. Solartility platform leases panels, storage batteries and bi-directional meters. Eric Slifka: Thank you, Sean, and good morning, everyone. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. GLP Capital Partners LP - Company Profile and News - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. The adviser's REGISTRATION status is listed below. REGISTRATION STATUS . GLP Capital Partners on LinkedIn: GLP Capital Partners maintains strong 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. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. GLP Capital Partners (GLP Capital Partners) - Real Estate Company Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Gregory Hanson: Thank you, Eric, and good morning, everyone. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Our team successfully navigated through these challenges. 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? There are Four Different NOIs in a CRE Deal. 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. 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. Overnight on Wall Street is daytime in Asia. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 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 on LinkedIn: GLP Capital Partners announces new Now, Greg, Mark and I will be happy to take your questions. 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 The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. We also continue to focus on optimizing our terminal network. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. 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 Closes $2.3B Logistics Fund | GlobeSt Boardwalk Real Estate Investment Trust. Active, Closed, This describes the type of investor this organization is (e.g. 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. 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. Sign in or Register Sign in / Register Database LP search GP search Rachel A Walker - General Counsel & Chief Administrative Officer REGISTRATION STATUS. Live market coverage co-anchored from Hong Kong and New York. 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. Americold. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. 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. Sean Geary: Good morning. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. 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. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. 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. 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. Jevin Zhuang - Fund Management Analyst - GLP Capital 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. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz GLP Capital Partners raises $2.3bn for North American logistics fund Looking at expenses. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. GLP Capital Partners raises $2.3bn - PERE The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Your article was successfully shared with the contacts you provided. 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. Thrilled indeed! GLP Capital Partners LP - Company Profile and News Hong Kong SAR. 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. GLP Capital Partners - CB Insights 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 is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. Find More Contacts for GLP Capital Partners. G7 is a technology company backed by GLP. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Markets never sleep, and neither does Bloomberg. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. Institutional investors and hedge funds own 28.40% of the companys stock. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. December 08, 2021 05:30 PM. 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. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. 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. Copyright 2023 ALM Global, LLC. Today's call is being recorded. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . On a full year basis, SG&A was up $50.2 million to $263.1 million. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. 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. Annaly Capital Management. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. 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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. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Several analysts have weighed in on GLP shares. Thank you for joining us. 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. GLPGCP GLP Capital Partners ""46 1250 . GLP Capital Partners | LinkedIn In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. Where is GLP located? The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. GLP | LinkedIn United Kingdom - GLP Europe 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. Industrial & commercial warehouses rental | Available properties | GLP Our European platform is built on more than 30 years of experience in logistics real estate and operates in 12 countries across the continent, covering all major logistics markets. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Who owns GLP? Copyright 2020 GLP. 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. 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. In our gasoline distribution and GDSO segment, we continued to benefit from higher retail fuel margins and increased activity in our convenience markets in part as a result of our recent acquisitions. 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 - GLP Capital Partners Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Join to view profile GLP Capital Partners . The fund is based in Santa Monica, California and invests in North America. Tower Research Capital LLC TRC Has $285,000 Stock Holdings in Global 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 Scores $64M Loan For Doral Project 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. Bloomberg Daybreak Asia. Global Partners LP - Investor Relations I manage the legals on acquisitions, dispositions . Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. This is a profile preview from the PitchBook Platform. GLP Capital Partners. 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. 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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. 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. Arlington Asset Investment. Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations SG&A expenses increased $23 million in the fourth quarter to $80.8 million. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . The Earthshot Prize 2022 is a global prize designed to incentivize change and help to repair our planet by awarding five winners each year for their contributions to environmentalism. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. It specializes in acquisitions, development, operations, technology, and e-commerce. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo! AvalonBay Communities. 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.
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