GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. GLP Capital Buys Pepsi's Doral Plant from Terra, Terranova 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. 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. 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. Slavena Raguz - Senior Financial Accountant - GLP Capital Partners Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Now, Greg, Mark and I will be happy to take your questions. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. #1400 GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Already have an account? GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Annaly Capital Management. This button displays the currently selected search type. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript Our #pwcrealestate Tax Service News summarizes the new legislation and gives an update of the currently applicable RETT rates at chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lnkd.in/eNUEvkYH, Chief Human Resources Officer at GLP Capital Partners (GCP), Thrilled indeed! Paul D. - Analyst - GLP Capital Partners | LinkedIn 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. 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. Copyright 2023 ALM Global, LLC. It specializes in acquisitions, development, operations, technology, and e-commerce. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 10x easier to find good investments While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. 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. 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. GLP reorganises global fund management platform to form GLP Capital Partners. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. GLP Capital Partners LP operates as an investment management company. 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 Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn This is a boost from Global Partnerss previous quarterly dividend of $0.63. 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. Where is GLP located? About Us | GLP 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. 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. glp, 1250 | Iir Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. He received his Bachelor of Science in Finance from Indiana University School of Business. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. The Company focuses on providing logistics real estate investment management solutions. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. 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 Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. Selected profiles of other Operating Partners are also shown below. 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. Thank you for joining us. Very excited to be on this journey with GCP! Global Partners undertakes no obligation to revise or update any forward-looking statements. 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. Pallas Capital Advisors LLC now owns 1,382,449 shares of the energy companys stock worth $46,312,000 after purchasing an additional 36,458 shares in the last quarter. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The company announced the . We also continue to focus on optimizing our terminal network. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. By Francisco Alvarado. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. 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. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Now let me turn the call back to Eric for closing comments. Watch our brand video Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. All Rights Reserved. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. All rights reserved. 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. GLP is a privately owned company incorporated in Singapore. For full year 2022, interest expense increased $1.2 million to $81.3 million. The ex-dividend date of this dividend was Tuesday, February 7th. Rachel A Walker - General Counsel & Chief Administrative Officer Copyright 2020 GLP. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. 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. SLP | LinkedIn Corporate Finance & Alternative Asset Investment. GLP is the largest shareholder of GLP Capital Partners. 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. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Monoful is the business development arm of GLP Japan. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Americold. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. The value-add fund will invest into the logistics sector. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript There are Four Different NOIs in a CRE Deal. 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. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. This report is available on our website, and I encourage you to review it. List of real estate investment firms - Wikipedia Please go ahead, sir. Working at GL Capital Partners | Glassdoor "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. 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. We continue to manage our balance sheet prudently. 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. GLP Capital Partners on LinkedIn: GLP Capital Partners maintains strong Our combined global experience and expertise allow us to build businesses create value for our partners Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). GCP Announces $2.3 Billion Final Closing of Logistics Property Fund Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Select Accept to consent or Reject to decline non-essential cookies for this use. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Overnight on Wall Street is daytime in Asia. Win whats next. I manage the legals on acquisitions, dispositions . Sean Geary: Good morning. EFFECTIVE DATE; SEC: Copyright 2020 GLP. Our team successfully navigated through these challenges. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Joseph Bohling on LinkedIn: GLP Capital Partners announces new 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 glp capital partners | DiGiacomo Group 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. 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. Laurel Casey - Vice President - Investments - GLP Capital Partners Our Team | Bespoke Capital Partners | Bespoke Capital Partners 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. 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 We continue to have ample excess capacity in our credit facility. What does this mean for CRE professionals? Is Global Partners LP (GLP) . Mar 2023 - Present1 month. Turning to the Commercial segment. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. GLP Capital Partners Inc. 100 Wilshire Boulevard, Suite 940, Santa No need to worry, says Felipe Villarroel. Turning to our segment details. Looking at our upcoming Investor Relations calendar. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. GLP has announced a substantial plan to enter the Japan data center market, with a target of investing more than $12 billion over the next five years to build out 900 MW of power capacity. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Gasoline and gasoline blendstock product margin increased $20.7 million to $107 million for the full year, primarily due to more favorable market conditions in gasoline during the second and third quarters of 2022. All Rights Reserved. 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.