Sign in or Register Sign in / Register Database LP search GP search 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. 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.. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Our team successfully navigated through these challenges. During the same quarter in the previous year, the company earned $0.44 earnings per share. #1400 We continue to manage our balance sheet prudently. 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 is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating 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 The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. We now offer renewable products at half of our 22 owned or controlled terminals. Watch our brand video 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. 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. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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. #ABS #CLOs #HighYield, Principal and Director of Research at Buckingham Family of Financial Services, IMO the greatest anomaly in finance is despite horrific performance hedge fund assets have grown about 15x over past 30 years. 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. Today's call is being recorded. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. For the full year, DCF was $413.4 million compared with $120.7 million in '21. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Boardwalk Real Estate Investment Trust. Angel, Fund of Funds, Venture Capital), General contact email for the organization. He received his Bachelor of Science in Finance from Indiana University School of Business. Operator? 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. Brandywine Realty 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. 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. Learn more in our Cookie Policy. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Very nice, congratulations on your and GLP's success, Alan. GLP Capital Partners LP operates as an investment management company. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Several other hedge funds have also made changes to their positions in GLP. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 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. Private Equity | GLP Investing in established and growth-stage businesses. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. By Francisco Alvarado. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. 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. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. 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. Posted by MarketBeat News on Mar 3rd, 2023. This is a profile preview from the PitchBook Platform. Americold. 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. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Purchased by MetLife Investment Management LLC. We also have offices in Singapore and Hong Kong. All Rights Reserved. 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. The energy . REGISTRATION STATUS. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Product margin from other oils and related products increased to $190.1 million for the full year, up $124.7 million from 2022 -- 2021, excuse me, primarily due to more favorable market conditions, largely in distillates. Caution and uncertainty are the popular themes. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. 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. Win whats next. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Very excited to be on this journey with GCP! Monoful is the business development arm of GLP Japan. We operate across Asia, Europe, and the Americas. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. The ex-dividend date of this dividend was Tuesday, February 7th. The segment's performance for both periods was driven largely by an increase in bunkering activity. All Rights Reserved. I manage the legals on acquisitions, dispositions . 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. Sovereign Investor Leadership Conference March 2023 Menu All rights reserved. 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. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. 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. Gregory Hanson: Thank you, Eric, and good morning, everyone. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? 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. On a full year basis, SG&A was up $50.2 million to $263.1 million. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. We also continue to focus on optimizing our terminal network. Annaly Capital Management. We believe these assumptions are reasonable given currently available information. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th.
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