Global Partnerss dividend payout ratio is 25.32%. Your article was successfully shared with the contacts you provided. Excluding the net gain on the sale of assets, TTM distribution coverage was 2.8x or 2.6x after factoring in distributions to our preferred unitholders. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. The Company focuses on providing logistics real estate investment management solutions. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Careers - GLP Europe - Be a part of our next success story GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. How is GLP related to GLP Capital Partners? Markets never sleep, and neither does Bloomberg. Please go ahead, sir. GLP reorganises global fund management platform to form GLP Capital Partners. 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. How long this might continue is impossible to say at the moment. 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 is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Annaly Capital Management. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP Capital Partners ("GCP") is a US-based real estate investment manager with fully integrated operating platforms focused on logistics real estate and adjacent asset classes. 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. GLP Capital Partners. Eric Slifka: Thank you, Sean, and good morning, everyone. 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? Current Vacancies - GLP Europe We also continue to focus on optimizing our terminal network. 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. *May exclude premium content During the same quarter in the previous year, the company earned $0.44 earnings per share. G7 is a technology company backed by GLP. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript The company was formerly listed on SGX-ST between 2010 to 2018. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. People and culture are core to GLPs business and its global success. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT EFFECTIVE DATE; SEC: Posted by MarketBeat News on Mar 3rd, 2023. Strategic Partners | 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 Capital Partners Oct 2021 - Present 1 year 5 months. Arlington Asset Investment. 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. Institutional investors and hedge funds own 28.40% of the companys stock. To learn more about GLP Capital Partners, visit www.gcp.com. TTM distribution coverage as of December 31, 2022, including the onetime special distribution was 3.4x or 3.3x after factoring in distributions to our preferred unitholders. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Join to view profile GLP Capital Partners . 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. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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. 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. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. 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. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 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. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. What does this mean for CRE professionals? Delivered first phase of 120 MW data center in Jiangsu Province, China. GCP: Versatile strategy critical to deployment in US logistics - PERE 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. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Solartility platform leases panels, storage batteries and bi-directional meters. #GCP #GLP The value-add fund will invest into the logistics sector. On the EV front, our sustainability group welcomed and electric innovation strategist to evaluate, educate and guide our strategy in the electric space, including electric vehicle and charger market. Learn more in our Cookie Policy. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript 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 segment's performance for both periods was driven largely by an increase in bunkering activity. At over $2.3 billion the fund, GLP . 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 Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Global Partners LP - Investor Relations The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. 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. Private Equity | GLP Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. Operating expenses increased $25.2 million to $118 million for the fourth quarter and $91.7 million to $445.3 million for the full year. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! 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.. 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. 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Global Partners had a return [] GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. GLP Capital Partners raises $2.3bn - PERE 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. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. Joseph Bohling on LinkedIn: GLP Capital Partners announces new 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. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. Why do investors keep destroying wealth? 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. Ming Mei is co-Founder and CEO of GLP. REGISTRATION STATUS. Many thanks to Emerge CM. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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. On a full year basis, SG&A was up $50.2 million to $263.1 million. In addition to the power of our people, our company performance demonstrates the resilience of our business model, the strength of our assets and the value that we deliver for the guests at our gas stations and convenience markets and the customers at our liquid energy terminals every day.