At this time, I'd like to turn the call over to Mr. Geary for opening remarks. Exclusive discounts on ALM and GlobeSt events. 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. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. 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 Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. All Rights Reserved. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. It specializes in acquisitions, development, operations, technology, and e-commerce. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Headquarters Location 100 Wilshire Blvd. Mar 2023 - Present1 month. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Where is GLP located? Register here:https://lnkd.in/d5fUjbPC, Partner bei PricewaterhouseCoopers GmbH Wirtschaftsprfungsgesellschaft, New legislation on RETT filing duties in case of share deals has been passed by the legislator putting even more emphasis on correct and timely RETT filings. With that, now let me turn the call over to Greg for his financial review. Overnight on Wall Street is daytime in Asia. GLP Capital Partners LP operates as an investment management company. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. Covering Brazil, Vietnam & PE funds. G7 is a technology company backed by GLP. 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. 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 is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. #GCP #GLP, Very exciting to be managingthis ETF! 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. 304917 Latest Filing 26 Aug 2022 SEC No. 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 Bloomberg Daybreak Asia. 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. 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! All Rights Reserved. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. SEC / JURISDICTION. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Private Equity | GLP Investing in established and growth-stage businesses. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. 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. Our combined investing and operating expertise allows us to create value for our customers and investors. 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 button displays the currently selected search type. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. 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. Today's call is being recorded. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. 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.. 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. 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. 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. 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. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). To continue reading the Q&A session, please click here. During the same quarter in the previous year, the company earned $0.44 earnings per share. We continue to manage our balance sheet prudently. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. The Company focuses on providing logistics real estate investment management solutions. Very nice, congratulations on your and GLP's success, Alan. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. 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. The fund is based in Santa Monica, California and invests in North America. Crow Holdings Capital consists of a cycle-tested team with a long history of investing in its flagship value-add fund series and will provide LPs access to a diversified portfolio of assets across the industrial, multifamily, and specialty sectors. Boardwalk Real Estate Investment Trust. What does this mean for CRE professionals? GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. Thrilled indeed! 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. For more information on GLPs ESG efforts, visit: glp.com/global/impact. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. To help us understand those needs and envision the fueling infrastructure of the future, we sponsored Fuel of the Future 2030, a student design competition engaging more than 30 teams of undergraduate and graduate students attending schools across nine states. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. AvalonBay Communities. Santa Monica, California, United States 1-10 Venture Capital Early Stage Venture www.glpcp.com/ 10,144 Highlights Investments 6 Employee Profiles 5 Contacts 21 Similar Companies 5 Can it be just a desire to be a "member of the club?" For those of you who are participating, we look forward to meeting with you. Brandywine Realty Trust. GLP is a privately owned company incorporated in Singapore. 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. This information is available in the PitchBook Platform. Gregory Hanson: Thank you, Eric, and good morning, everyone. 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. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Several analysts have weighed in on GLP shares. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. 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). The top 5 finals presented their entries and an awards presentation in November. Global Fund Management, Capital Raising & Investor Relations. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . Passionate about delivering on HR principles of attracting, developing, and retaining talent. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Now let me turn the call back to Eric for closing comments. 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 . The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. How is GLP related to GLP Capital Partners? GCP Capital Partners - Home Investing in Firms with Significant Potential Seasoned private equity professionals making both control and influential minority investments in high-growth and select cyclical-growth industries Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure 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. GLP reorganises global fund management platform to form 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. 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. 617-542-5300 GLP@investorrelations.com SG&A expenses increased $23 million in the fourth quarter to $80.8 million. Brixmor Property Group. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. The company was formerly listed on SGX-ST between 2010 to 2018. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. The ex-dividend date of this dividend was Tuesday, February 7th. This report is available on our website, and I encourage you to review it. 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. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Several other hedge funds have also made changes to their positions in GLP. Our combined global experience and expertise allow us to build businesses create value for our partners GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. 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.
Michael Egan Orland Park,
Why Can't I Take Vitamins Before A Colonoscopy,
Articles G
