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. December 08, 2021 05:30 PM. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. On a full year basis, SG&A was up $50.2 million to $263.1 million. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. 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. Copyright 2020 GLP. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Watch our brand video 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. GLPGCP GLP Capital Partners ""46 1250 . GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. To learn more about GLP Capital Partners, visit www.gcp.com. 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. 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. 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. You can update your choices at any time in your settings. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. EFFECTIVE DATE; SEC: For those of you who are participating, we look forward to meeting with you. Eric Slifka: Thank you, Greg. The top 5 finals presented their entries and an awards presentation in November. Luxembourg Alter Domus 2 ans 9 mois . 13 min read. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . TTM distribution coverage as of December 31, 2022, including the onetime special distribution was 3.4x or 3.3x after factoring in distributions to our preferred unitholders. 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. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners At this time, I'd like to turn the call over to Mr. Geary for opening remarks. 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. 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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners People and culture are core to GLPs business and its global success. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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 52-week low of $20.23 and a 52-week high of $39.24. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. We believe these assumptions are reasonable given currently available information. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Its Time For A Fresh Look At The Kroger Co. West Frasers Earnings Scream Timber, Outlook Says Buy, MarketBeat.com's FREE daily email newsletter. Where is GLP located? 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. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. 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. Boardwalk Real Estate Investment Trust. We operate across Asia, Europe, and the Americas. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Asian industrial giant GLP on Tuesday unveiled GLP Capital Partners, a newly minted fund management business investing in sectors including Liked by Haijin Zeng Terry We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy 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. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Pacific Biosciences of California, Inc. (NASDAQ:PACB) Shares Sold by Shell Asset Management Co. Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Shell Asset Management Co. New Gold Inc. (NYSEAMERICAN:NGD) Shares Sold by Shell Asset Management Co. "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. 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. 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, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. Solartility platform leases panels, storage batteries and bi-directional meters. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Headquarters Location 100 Wilshire Blvd. How is GLP related to GLP Capital Partners? These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Learn more in our Cookie Policy. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. This special Bloomberg program highlights the event's biggest interviews and news makers. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. 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 For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. This documentary-style series follows investigative journalists as they uncover the truth. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. The Company focuses on providing logistics real estate investment management solutions. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. GLP is a global leader in logistics real estate with a proven track record as business builder, owner, developer and operator with one of the largest logistics real estate footprints in the world. 12 Best Affordable Dividend Stocks to Buy, Stay Informed: Jerome Powells Policy Report & Important Economic Data, What cautious spending means for the US economy: YF Explains, 3 top tips for investors trying to weather the current economic storm: Strategist, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops. Operator? Copyright 2020 GLP. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. G7 is a technology company backed by GLP. Ming Mei is co-Founder and CEO of GLP. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Arlington Asset Investment. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. All Rights Reserved. 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. 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. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. Pallas Capital Advisors LLC now owns 1,382,449 shares of the energy companys stock worth $46,312,000 after purchasing an additional 36,458 shares in the last quarter. 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. GCP Capital Partners - Home Investing in Firms with Significant Potential Seasoned private equity professionals making both control and influential minority investments in high-growth and select cyclical-growth industries 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. 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 has raised $2.3 billion for its logistics property fund, exceeding its goal in a sector that gained strength throughout the pandemic and remains hot. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Very nice, congratulations on your and GLP's success, Alan. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. This is a profile preview from the PitchBook Platform. Strategic Partners 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. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Copyright 2020 GLP. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021.
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