GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. The fund focuses on logistics asset class. Operator: Good day, everyone, and welcome to the Global Partners . All Rights Reserved. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. We now offer renewable products at half of our 22 owned or controlled terminals. Eric Slifka: Thank you, Sean, and good morning, everyone. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. 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. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. We believe these assumptions are reasonable given currently available information. 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 LP operates as an investment management company. 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. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Select Accept to consent or Reject to decline non-essential cookies for this use. Solartility platform leases panels, storage batteries and bi-directional meters. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. Headquarters Location 100 Wilshire Blvd. 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. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP All content is posted anonymously by employees working at GL Capital Partners. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. Copyright 2023 ALM Global, LLC. How long this might continue is impossible to say at the moment. Annaly Capital Management. Singapore. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? 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. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. 304917 Latest Filing 26 Aug 2022 SEC No. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Watch our brand video GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. 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. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. GLP Capital Partners. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. REGISTRATION STATUS. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Your article was successfully shared with the contacts you provided. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Hong Kong SAR. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). 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. We also continue to focus on optimizing our terminal network. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Our combined investing and operating expertise allows us to create value for our customers and investors. 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. Operator? Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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.. Copyright 2020 GLP. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Overnight on Wall Street is daytime in Asia. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: During the same quarter in the previous year, the company earned $0.44 earnings per share. The top 5 finals presented their entries and an awards presentation in November. | Learn more about Melissa Ava Marshall MCIPD's . Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Covering Brazil, Vietnam & PE funds. Live market coverage co-anchored from Hong Kong and New York. 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 The value-add fund will invest into the logistics sector. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Angel, Fund of Funds, Venture Capital), General contact email for the organization. GLP Capital Partners IV is a real estate value added fund managed by GCP. 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. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Crow Holdings Capital consists of a cycle-tested team with a long history of investing in its flagship value-add fund series and will provide LPs access to a diversified portfolio of assets across the industrial, multifamily, and specialty sectors. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . Delivered first phase of 120 MW data center in Jiangsu Province, China. You can update your choices at any time in your settings. The fund targets logistics sector. 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. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management as of 31 December 2022, is the exclusive investment and asset manager of 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. To continue reading the Q&A session, please click here. 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.