We encourage our people to think beyond the bounds of their roles and our industry by being innovative, sharing new ideas and working as a team. Hong Kong SAR. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Select Accept to consent or Reject to decline non-essential cookies for this use. Monoful is the business development arm of GLP Japan. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Bitrock Capital is a fintech-focused venture capital firm backed by GLP. People and culture are core to GLPs business and its global success. 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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. GLP Capital Partners raises $2.3bn for North American logistics fund 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. The value-add fund will invest into the logistics sector. 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. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. GLP was founded by Ming Mei and Jeff Schwartz as a developer and operator of logistics real estatewith operations in Japan and China, Listed on the Singapore Stock Exchange in the largest ever real estate IPO globally, Entered Brazil market as market leader with acquisition of $1.45B platform, Listed $1.3B GLP J-REIT (TSE: 3281) on Tokyo Stock Exchange - the largest real estate IPO in Japan, AUM grows to $11B with launch of first development fund in China and expansion of development vehicle in Japan, Enter the U.S. through the $8B acquisition of IndCorfrom Blackstone and becomes second largest logistics real estate owner in the U.S. within 12 months, Entered Europe market through the $2.8B acquisition of Gazeley and doubled Europe AUM within a year, GLP delists from SGX in $12B transaction, the largest of a listed company in Asia, GLP enters India via strategic partnership with IndoSpace, GLP sells 179M sq ft of U.S. assets to Blackstone for $18.7B, the largest-ever private real estate transaction globally, AUM grows to $89B following announcement of strategic investment partnership with China Merchants Capital, Global business expands to 17countries following acquisition of European portfolioand entry into Vietnam, Private equity business acquiresstake in Li & Fung, GLP C-REIT (508056:CH) is among the first batch of nine C-REITs to be listed in China. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. GCP targets $2bn capital raise for new US industrial fund Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. 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. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund Operator? 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? Shares of NYSE GLP opened at $34.99 on Friday. Annaly Capital Management. 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. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Mar 2023 - Present1 month. 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. Looking at our upcoming Investor Relations calendar. Copyright 2020 GLP. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Glp J-reit Londons Investment Appeal Is Unraveling as Arm Heads to the US, UN report: Modern weapons being smuggled to Haiti from US, British Parents Turn to Home Equity to Help Young Buy Property, Sorry, Fed, Most US Mortgage Rates Were Locked in During Pandemic Lows, Fed Says MoreRate Hikes Are Needed to Curb Inflation, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Ex-Goldman Banker Ordered to Forfeit $43.7 Million Over 1MDB Bribery Fraud, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, China to Boost Defense Budget; EV Chiefs Give Advice: NPC Update, Philippine governor, 5 others killed in brazen attack, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece, Matt HancockWhatsApp LeakExposes theNeed for Covid Justice, Brexit Might Have Been Prevented With Deals Like This, Video Roundup: Opinions Must-See Footage of the Week, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, What Do You Want to See in a Covid Memorial? Global Partners had a net margin of 1.92% and a return on equity of 52.42%. #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. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. 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 Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. GCP Capital Partners - Home All Rights Reserved. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. December 08, 2021 05:30 PM. Glp Capital Partners LP Company Profile | Santa Monica, CA 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. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners GLP Capital Partners IV is a real estate value added fund managed by GCP. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. 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. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. 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. We are committed to a broad range of ESG initiatives that elevate our business, create value for our stakeholders, support our employees and show respect to our local communities. GLPGCP GLP Capital Partners ""46 1250 . 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. "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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. It specializes in acquisitions, development, operations, technology, and e-commerce. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. UBS Group AG now owns 70,415 shares of the energy companys stock valued at $1,655,000 after buying an additional 53,964 shares during the last quarter. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). 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. GLP Capital Partners raises $2.3bn - PERE Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new Operating Partners Bespoke has over 75 Operating Partners who support the firm by assisting with opportunity identification, due diligence, building a value creation plan and investment oversight. 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. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. Solartility platform leases panels, storage batteries and bi-directional meters. Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. This information is available in the PitchBook Platform. GLP on LinkedIn: GLP Capital Partners maintains strong fundraising I manage the legals on acquisitions, dispositions . United Kingdom - GLP Europe Looking at expenses. Brookfield Property Partners. GLP Capital Partners' Post GLP Capital Partners 1,707 followers 8h Today, we're excited to announce that we raised $12.3 billion in equity in 2022 across our real asset and private equity. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: What does this mean for CRE professionals? For those of you who are participating, we look forward to meeting with you. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Sign in or Register Sign in / Register Database LP search GP search With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Bloomberg Daybreak Asia. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. Many thanks to Emerge CM. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Sovereign Investor Leadership Conference March 2023 Menu Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. GLP China has signed an agreement with Contemporary Amperex Technology Ltd. (CATL), the worlds leading battery provider and the largest maker of electric vehicle (EV) batteries, to create a new platform aimed at expanding the use of new energy through asset-as-a-service offerings and advancing sustainability in logistics and transportation. CapEx or the full year 2022 was $106.8 million, consisting of $54.4 million in maintenance CapEx, in line with our guidance of $45 million to $55 million; and expansion CapEx, excluding acquisitions of $52.4 million, in line with our guidance of $50 million to $60 million. Passionate about delivering on HR principles of attracting, developing, and retaining talent. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Brixmor Property Group. Is Global Partners LP (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. Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC GLP Capital Partners Oct 2021 - Present 1 year 5 months. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Today's call will include forward-looking statements within the meaning of Federal securities laws. 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. REGISTRATION STATUS. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. 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. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Your article was successfully shared with the contacts you provided. The segment's performance for both periods was driven largely by an increase in bunkering activity. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . 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. To continue reading the Q&A session, please click here. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. 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. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. 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. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Consistent with our focus on strategic transactions that strengthen our long-term earnings power, during the year, we closed on over $255 million of retail acquisitions. Now let me turn the call back to Eric for closing comments. GLP is a privately owned company incorporated in Singapore. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. 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.
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