glp capital partners

Sovereign Investor Leadership Conference March 2023 Menu 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. For full year 2022, interest expense increased $1.2 million to $81.3 million. 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. 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. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. By Francisco Alvarado. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. This is a boost from Global Partnerss previous quarterly dividend of $0.63. GLP Capital Partners has raised $2.3 billion for its logistics property fund, exceeding its goal in a sector that gained strength throughout the pandemic and remains hot. Turning to the Commercial segment. We believe these assumptions are reasonable given currently available information. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. Turning to our segment details. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. GLP is the largest shareholder of GLP Capital Partners. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. Shares of NYSE GLP opened at $34.99 on Friday. 10x easier to find good investments Achieved total IT load capacity of ~1,400 MW in China. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Pacific Biosciences of California, Inc. (NASDAQ:PACB) Shares Sold by Shell Asset Management Co. Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Shell Asset Management Co. New Gold Inc. (NYSEAMERICAN:NGD) Shares Sold by Shell Asset Management Co. 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. 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. 617-542-5300 GLP@investorrelations.com The fund targets logistics sector. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . We continue to manage our balance sheet prudently. 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). Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. With that, now let me turn the call over to Greg for his financial review. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. 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. All Rights Reserved. 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? Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. All Rights Reserved. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. REGISTRATION STATUS . For the full year, Commercial segment product margin increased $25.4 million to $41 million. 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. Overnight on Wall Street is daytime in Asia. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. 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. Any material comments concerning future results of operations will be communicated through news releases, publicly announced conference calls or other means that will constitute public disclosure for the purposes of Regulation FD. GLP Capital Partners (GCP) Jan 2022- Present1 year 2 months New York, New York, United States Investments Director of Investments GLP Capital Partners (GCP) Sep 2018- Dec 20213 years 4 months. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. Caution and uncertainty are the popular themes. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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 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. Operator? The Company focuses on providing logistics real estate investment management solutions. Copyright 2020 GLP. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. Gregory Hanson: Thank you, Eric, and good morning, everyone. Looking at our upcoming Investor Relations calendar. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Copyright 2020 GLP. As we continue to invest in optimizing our sites with an eye towards sustainability, we know that the drivers of tomorrow will have different expectations and needs than the drivers of today. Turning to our distribution. Markets never sleep, and neither does Bloomberg. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. The top 5 finals presented their entries and an awards presentation in November. 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. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. 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. Where is GLP located? 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. This consists of $153.4 million under our $1.1 billion working capital revolving credit facility and $99 million under our $450 million revolving credit facility at 12/31/22. 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. Can it be just a desire to be a "member of the club?" Please go ahead, sir. 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 of GCP has closed what it says is the largest discretionary closed-end fund focused on North American logistics real estate ever raised. All rights reserved. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. 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. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Boardwalk Real Estate Investment Trust. 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. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Private Equity GLP's 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. GLP Capital Partners. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. 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. 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. Several analysts have weighed in on GLP shares. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. For more information on GLPs ESG efforts, visit: glp.com/global/impact. 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. At over $2.3 billion the fund, GLP . Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. 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. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021.