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The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. For the full year, DCF was $413.4 million compared with $120.7 million in '21. For more information on GLPs ESG efforts, visit: glp.com/global/impact. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. #GCP #GLP, Very exciting to be managingthis ETF! 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. 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 PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Our combined investing and operating expertise allows us to create value for our customers and investors. Happy to be at the ETF conference in Miami sharing our story! This special Bloomberg program highlights the event's biggest interviews and news makers. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. Win whats next. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Thrilled indeed! 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). #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Caution and uncertainty are the popular themes. Hear the latest economic, business and market news, as well as global, national, and local news. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). GLP Capital Partners has $1.5 billion to spend on North American self-storage properties after holding final closing of its GCP SecureSpace Property Partners fund. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. This button displays the currently selected search type. The fund is based in Santa Monica, California and invests in North America. Turning to the Commercial segment. Already have an account? Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Overnight on Wall Street is daytime in Asia. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. By Francisco Alvarado. 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. This documentary-style series follows investigative journalists as they uncover the truth. Passionate about delivering on HR principles of attracting, developing, and retaining talent. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Singapore. 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. 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 announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. I manage the legals on acquisitions, dispositions . 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. Global Partners had a return [] BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. 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. On a full year basis, SG&A was up $50.2 million to $263.1 million. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 10x easier to research good investments 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. #1400 The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. Very excited to be on this journey with GCP! At over $2.3 billion the fund, GLP . 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. Copyright 2020 GLP. The company was formerly listed on SGX-ST between 2010 to 2018. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. What does this mean for CRE professionals? 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. To learn more about GLP Capital Partners, visit www.gcp.com. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). 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. Americold. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. All Rights Reserved. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. 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. These current estimates depend in part on the timing of completion of projects, availability of equipment and workforce, weather and unanticipated events or opportunities requiring additional maintenance or investments. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. All Rights Reserved. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this 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. 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. Is Global Partners LP (GLP) . Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. How is GLP related to GLP Capital Partners? Hong Kong SAR. He received his Bachelor of Science in Finance from Indiana University School of Business. Active, Closed, This describes the type of investor this organization is (e.g. To explore GLP Capital Partners IVs full profile, request access. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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. Sep 2022 - Present7 months. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Markets never sleep, and neither does Bloomberg. GLP Capital Partners LP operates as an investment management company. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Corporate Finance & Alternative Asset Investment. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. AvalonBay Communities. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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 was founded in 2009 as a specialist logistics real estate owner, developer and operator. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. Very nice, congratulations on your and GLP's success, Alan. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 617-542-5300 GLP@investorrelations.com To continue reading the Q&A session, please click here. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 2023 PitchBook. GLP invested in Li & Fung to help execute on its Logistics/Assets-as-a-Service approach, which uses data analytics and technologies to bring value to customers. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Eric Slifka: Thank you, Greg. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. We continue to have ample excess capacity in our credit facility. Looking at expenses. Luxembourg Alter Domus 2 ans 9 mois . 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. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. All Rights Reserved. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. GLP Capital Partners IV is a real estate value added fund managed by GCP. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. 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 gasoline distribution contribution to product margin was up $36.2 million to $155.9 million, primarily due to higher fuel margin and an increase in volumes sold, partially due to our recent acquisitions. 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. Posted by MarketBeat News on Mar 3rd, 2023. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. G7 is a technology company backed by GLP. GLP Pte Ltd (formerly Global Logistic Properties Limited) converted to a private company after delisting from the Singapore Exchange Securities Trading Limited (SGX-ST) on 22 January 2018. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! 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. 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. We also continue to focus on optimizing our terminal network. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz View contacts for GLP Capital Partners to access new leads and connect with decision-makers. We believe these assumptions are reasonable given currently available information. 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 analysts have weighed in on GLP shares. Read more about GLP Capital Partners. 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. GLP Capital Partners. 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. Copyright 2023 ALM Global, LLC. 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.