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Solartility platform leases panels, storage batteries and bi-directional meters. Although gasoline and diesel prices ended the fourth quarter at almost the same place they began the quarter, inter-quarter price volatility allowed for periods of strong margin capture. This years Innovation Summit featured finalists selected by the Earthshot council in addition to panelist speakers from heads of state, grassroots organizations and tech leaders. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. For the full year, DCF was $413.4 million compared with $120.7 million in '21. 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. Copyright 2020 GLP. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. The adviser's REGISTRATION status is listed below. Over the years, we have formed multiple partnerships with organizations around the globe to expand our capabilities in logistics, real estate, infrastructure, solar energy, finance, private equity, technology and more. 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. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners Arlington Asset Investment. As General Counsel & Chief Administrative Officer I sit on the GLP Europe management team and am responsible for all legal, compliance, regulatory, risk management and governance matters in Europe, as well as Marketing & Communications. Today's call is being recorded. How is GLP related to GLP Capital Partners? Covering Brazil, Vietnam & PE funds. GLPGCP GLP Capital Partners ""46 1250 . 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. We now offer renewable products at half of our 22 owned or controlled terminals. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. These statements include projections, expectations and estimates concerning the future financial and operational performance of Global Partners, which are based on assumptions regarding market conditions, demand for liquid energy products and convenience store products, the regulatory and permitting environment, the forward product pricing curve and other factors, which could influence our financial results. We believe these assumptions are reasonable given currently available information. Very excited to be on this journey with GCP! Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. Eric Slifka: Thank you, Sean, and good morning, everyone. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Achieved total IT load capacity of ~1,400 MW in China. Bloomberg Daybreak Asia. Brookfield Property Partners. 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. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. Sovereign Investor Leadership Conference March 2023 Menu 2023 Could be Year Apartment Owners Compete for Renters, Beyond Population Shifts: Why Multifamilys Outlook Is Good, Cost of Capital Has CRE Projects Mostly Stalled. 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 companies across our industry and many others, 2022 was a year of significant challenges, including supply chain constraints, steep commodity price volatility, inflation, a tough labor market in the war in Ukraine. With that, now let me turn the call over to Greg for his financial review. The energy . 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. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. 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. 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. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. 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. Live market coverage co-anchored from Hong Kong and New York. Looking at our upcoming Investor Relations calendar. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. Who owns GLP? GLP Capital Partners LP operates as an investment management company. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. This report is available on our website, and I encourage you to review it. Boardwalk Real Estate Investment Trust. GLP has launched a number of initiatives to pursue renewable energy development including rooftop solar on our global logistics real estate portfolio, wind assets and energy storage solutions. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. 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 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. Copyright 2020 GLP. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. For full year 2023, we expect maintenance capital expenditures in the range of $50 million to $60 million; and expansion capital expenditures, excluding acquisitions, in the range of $55 to $65 million, relating primarily to investments in our gasoline station business. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . 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 At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. All rights reserved. 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. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. This is the GL Capital Partners company profile. Boston Properties. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. For the full year, Commercial segment product margin increased $25.4 million to $41 million. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. To date, the group has secured more than $800,000 in grants to deploy DCFC EV charging stations at six of our locations and has developed a spec for DCFC stations at new Alltown Fresh locations. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. EFFECTIVE DATE; SEC: This documentary-style series follows investigative journalists as they uncover the truth. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. The Earthshot Prize 2022 is a global prize designed to incentivize change and help to repair our planet by awarding five winners each year for their contributions to environmentalism. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. In addition, in the fourth quarter, we incurred an expense of approximately $7.5 million in connection with an ongoing dispute between us and a landlord at certain of our sites, which we are currently disputing. 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. 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. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. 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. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz GLP Capital Partners. Our combined investing and operating expertise allows us to create value for our customers and investors. This is a profile preview from the PitchBook Platform. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. How long this might continue is impossible to say at the moment. 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.. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 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. 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' 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. In December, we entered into a purchase agreement with Gulf Oil Limited partnership to acquire five of Gulf's refined product terminals for approximately $273 million in cash. Markets never sleep, and neither does Bloomberg. 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. We operate across Asia, Europe, and the Americas. 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. 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. 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 Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. By Francisco Alvarado. GCP is focused on uncovering advantaged opportunities in logistics real. The fund is based in Santa Monica, California and invests in North America. 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. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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. Select Accept to consent or Reject to decline non-essential cookies for this use. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. 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. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. 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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Li & Fung is a global leader in creating customized, end-to-end supply chain and logistics solutions to help brands and retailers respond quickly to evolving consumer and production trends.