Looking at expenses. 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. Station operations, including station operations product margin, which includes convenience store and prepared food sales, sundries and rental income, rose $9.9 million to $67.2 million from the fourth quarter of 2021. 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 Why do investors keep destroying wealth? People and culture are core to GLPs business and its global success. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management as of 31 December 2022, is the exclusive investment and asset manager of GLP. 13 min read. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. No need to worry, says Felipe Villarroel. 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. Property Logistics Specialist GLP Plans IPO for Investment Arm - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. There are Four Different NOIs in a CRE Deal. As an early mover who saw the potential in building a smart logistics ecosystem ahead of its time, Hidden Hill Capital has, since 2018, invested RMB 6 billion in more than 50 companies in the fields of digital supply chain and logistics technology such as modern logistics service systems and food supply chains. This special Bloomberg program highlights the event's biggest interviews and news makers. We also continue to focus on optimizing our terminal network. 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. Sign in or Register Sign in / Register Database LP search GP search GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. It specializes in acquisitions, development, operations, technology, and e-commerce. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. Which One is Best? 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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 REGISTRATION STATUS . The entity was formed on January 15, 2020 in the jurisdiction of Delaware. 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. GLP Capital Partners. Boston Properties. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. Today's call will include forward-looking statements within the meaning of Federal securities laws. Where is GLP located? Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. 10x easier to research good investments Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . To continue reading the Q&A session, please click here. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. For full year 2022, interest expense increased $1.2 million to $81.3 million. This report is available on our website, and I encourage you to review it. Tower Research Capital LLC TRC decreased its holdings in shares of Global Partners LP (NYSE:GLP Get Rating) by 17.9% during the 3rd quarter, Holdings Channel.com reports. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. 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. 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. 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 was founded in 2009 as a specialist logistics real estate owner, developer and operator. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Sovereign Investor Leadership Conference March 2023 Menu GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies which are supported by global macroeconomic trends, including the sustained growth of globalised commerce, widespread adoption of e-commerce, increased demand for data storage/processing and worldwide focus on sustainable energy. 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. All Rights Reserved. Annaly Capital Management. Ming graduated from the Kellogg School of Management at Northwestern University and the School of Business and Management at the Hong Kong University of Science and Technology with a Master of Business Administration. We now offer renewable products at half of our 22 owned or controlled terminals. GLP is the largest shareholder of GLP Capital Partners. This documentary-style series follows investigative journalists as they uncover the truth. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. Passionate about delivering on HR principles of attracting, developing, and retaining talent. Today's call is being recorded. An investor who invested $10,000 in Warren Buffett's hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees . See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. Several analysts have weighed in on GLP shares. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. 332 followers 329 connections. 10x easier to find good investments 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. Thank you for joining us. When expanded it provides a list of search options that will switch the search inputs to match the current selection. This is the GL Capital Partners company profile. Brandywine Realty Trust. Please go ahead, sir. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Gregory Hanson: Thank you, Eric, and good morning, everyone. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Global Partners undertakes no obligation to revise or update any forward-looking statements. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. Watch our brand video We are thrilled to have learned from the creativity of these bright minds. Copyright 2023 ALM Global, LLC. Growth Strategy with GLP Group Leveraging GLP Group's expertise in managing logistics facilities to the greatest extent possible, GLP J-REIT will work to maximize unitholder value through our best-in-class (highest level) asset management, which is esteemed in Japan and around the world. 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. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. 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. 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). DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. 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. To explore GLP Capital Partners IVs full profile, request access. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. We continue to have ample excess capacity in our credit facility. 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. Under his leadership and vision, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach to growth and value creation and has since expanded into adjacent sectors and new markets. 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. Angel, Fund of Funds, Venture Capital), General contact email for the organization. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). All content is posted anonymously by employees working at GL Capital Partners. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Your article was successfully shared with the contacts you provided. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: | Learn more about Melissa Ava Marshall MCIPD's . 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. 2023 PitchBook. GLP is dedicated to incubating innovative technologies that enhance our businesses and assets by making them smarter and more efficient, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 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. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Bloomberg Daybreak Asia. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. 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. Achieved total IT load capacity of ~1,400 MW in China. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Is Global Partners LP (GLP) . GLP is a privately owned company incorporated in Singapore. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. 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. The Company focuses on providing logistics real estate investment management solutions. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. 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. Bank of America Corp DE now owns 90,092 shares of the energy companys stock worth $2,457,000 after acquiring an additional 15,360 shares during the last quarter. Private Equity | GLP Investing in established and growth-stage businesses. Win whats next. 617-542-5300 GLP@investorrelations.com 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. 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. He received his Bachelor of Science in Finance from Indiana University School of Business. This button displays the currently selected search type. 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. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. GLPs strategic investment partnership with CMC expands our investment scope further into infrastructure, finance and private equity and enables both partners to leverage each others network of domestic and international investors to collaborate on the development of new funds. Monoful is the business development arm of GLP Japan. It provides software as a service (SaaS) products for logistics and invests in tech companies that create value for customers through the logistics ecosystem in Japan. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. *May exclude premium content Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 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. Delivered first phase of 120 MW data center in Jiangsu Province, China. 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. 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?