As Eric noted, diligent planning, effective fuel inventory management and solid execution by the entire team, allowed us to have continued strong performance in the fourth quarter of 2022, closing out a very strong year for the Partnership, highlighted by healthy margin contributions from all three segments of our business. Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new The value-add fund will invest into the logistics sector. 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. Jevin Zhuang - Fund Management Analyst - GLP Capital Partners Copyright 2020 GLP. By caring for the environment, empowering people, particularly our employees and communities and practicing responsible governance, we have formed the foundation for an enduring business that has stood the test of time and continues to thrive. Read more about GLP Capital Partners. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. 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. Mar 2023 - Present1 month. 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? For the full year, GDSO product margin was up $209 million to $856.6 million, with fuel margins increasing $0.09 per gallon to $0.36 from $0.27 per gallon in the year-earlier period. 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. Retailers faced a wide range of challenges in 2022. GLP Capital Partners - CB Insights This is a boost from Global Partnerss previous quarterly dividend of $0.63. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. What does this mean for CRE professionals? Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Our assumptions and future performance are subject to a wide range of business risks uncertainties and factors, which are described in our filings with the Securities and Exchange Commission, which could cause actual results to differ materially from the Partnership's historical experience and present expectations or projections. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Global Partners undertakes no obligation to revise or update any forward-looking statements. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Hong Kong SAR. Monoful is the business development arm of GLP Japan. Today's call is being recorded. Industrial & commercial warehouses rental | Available properties | GLP All Rights Reserved. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Americold. 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. 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. 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. We also have offices in Singapore and Hong Kong. Glp Capital Partners LP Company Profile | Santa Monica, CA GCP Announces $2.3 Billion Final Closing of Logistics Property Fund Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . During the same quarter in the previous year, the company earned $0.44 earnings per share. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. With that, now let me turn the call over to Greg for his financial review. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. Eric Slifka: Thank you, Greg. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. 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. 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 Capital Partners raise $1.5bn | PERE Very excited to be on this journey with GCP! Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Overnight on Wall Street is daytime in Asia. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova glp, 1250 | Iir Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. As part of our work in the clean fuel space, we formed an interdisciplinary team to research and evaluate hydrogen mobility supply and distribution opportunities. | Learn more about Melissa Ava Marshall MCIPD's . GLP Capital Partners Company Profile | Management and - Datanyze Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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 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 LP - Company Profile and News GLP Capital Partners LP operates as an investment management company. Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Live market coverage co-anchored from Hong Kong and New York. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. #womeninvesting #womeninfinance #etfs #sustainability #emerge, VP, National Sales - DCIO Resolute Investment Managers, From our American Beacon Advisors sub-advisor TwentyFour Asset Management LLP: Strong performance across markets in January has left some investors feeling theyve missed out on the rally in bonds. 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). Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). The fund is based in Santa Monica, California and invests in North America. EFFECTIVE DATE; SEC: 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 | LinkedIn Several analysts have weighed in on GLP shares. Processes that used to be manual, such as dispatching, are now automated, allowing for much more precision and complexity, while predictive analytics and safety features mean fewer accidents. 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. 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. 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. This information is available in the PitchBook Platform. 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. Happy to be at the ETF conference in Miami sharing our story! GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. 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 Select Accept to consent or Reject to decline non-essential cookies for this use. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. 10x easier to find good investments 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. 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. Boardwalk Real Estate Investment Trust. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. On the EV front, our sustainability group welcomed and electric innovation strategist to evaluate, educate and guide our strategy in the electric space, including electric vehicle and charger market. 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. 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