Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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. #1400 GLP has launched a number of initiatives to pursue renewable energy development including rooftop solar on our global logistics real estate portfolio, wind assets and energy storage solutions. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Now let me turn the call back to Eric for closing comments. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? 13 min read. 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. Operator? 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. Several analysts have weighed in on GLP shares. This is a profile preview from the PitchBook Platform. We operate across Asia, Europe, and the Americas. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. For full year 2023, we expect maintenance capital expenditures in the range of $50 million to $60 million; and expansion capital expenditures, excluding acquisitions, in the range of $55 to $65 million, relating primarily to investments in our gasoline station business. Learn more in our Cookie Policy. 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). For the first time, "institutional investment managers" have to disclose how they're voting proxies on their (or their clients') holdings of US-listed securities with respect to executive compensation matters. GCP also invests in logistics technology companies from seed to growth equity stages. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. The fund focuses on logistics asset class. 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. GLP CAPITAL PARTNERS, INC. ( CRD # 304917/SEC#:801-117132 ) GLP CAPITAL PARTNERS LP, GLP CAPITAL PARTNERS, INC. View latest Form ADV filed Part 2 Brochures. 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. #GCP #GLP, Very exciting to be managingthis ETF! Corporate Finance & Alternative Asset Investment. 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. 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. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Thank you for joining us. All Rights Reserved. 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.. Private Equity | GLP Investing in established and growth-stage businesses. AvalonBay Communities. 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 has $1.5 billion to spend on North American self-storage properties after holding final closing of its GCP SecureSpace Property Partners fund. Eric Slifka: Thank you, Greg. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. 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 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. 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. Happy to be at the ETF conference in Miami sharing our story! The value-add fund will invest into the logistics sector. Live market coverage co-anchored from Hong Kong and New York. 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. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Copyright 2020 GLP. 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. 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. http://ow.ly/x8QN50MJ7X4 To learn more about GLP Capital Partners, visit www.gcp.com. 2022 was an exceptionally strong year for Global, reflecting the dedication of our incredible team, our vertically integrated assets, adaptable operating model and strong balance sheet position us well for the year ahead. 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. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. G7 is a technology company backed by GLP. 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. We also continue to focus on optimizing our terminal network. *May exclude premium content It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Boston Properties. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. GLP Capital Partners LP operates as an investment management company. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. 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. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Shares of NYSE GLP opened at $34.99 on Friday. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). GLP was founded by Ming Mei and Jeff Schwartz as a developer and operator of logistics real estatewith operations in Japan and China, Listed on the Singapore Stock Exchange in the largest ever real estate IPO globally, Entered Brazil market as market leader with acquisition of $1.45B platform, Listed $1.3B GLP J-REIT (TSE: 3281) on Tokyo Stock Exchange - the largest real estate IPO in Japan, AUM grows to $11B with launch of first development fund in China and expansion of development vehicle in Japan, Enter the U.S. through the $8B acquisition of IndCorfrom Blackstone and becomes second largest logistics real estate owner in the U.S. within 12 months, Entered Europe market through the $2.8B acquisition of Gazeley and doubled Europe AUM within a year, GLP delists from SGX in $12B transaction, the largest of a listed company in Asia, GLP enters India via strategic partnership with IndoSpace, GLP sells 179M sq ft of U.S. assets to Blackstone for $18.7B, the largest-ever private real estate transaction globally, AUM grows to $89B following announcement of strategic investment partnership with China Merchants Capital, Global business expands to 17countries following acquisition of European portfolioand entry into Vietnam, Private equity business acquiresstake in Li & Fung, GLP C-REIT (508056:CH) is among the first batch of nine C-REITs to be listed in China. 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. December 08, 2021 05:30 PM. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Purchased by MetLife Investment Management LLC. To continue reading the Q&A session, please click here. 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. People and culture are core to GLPs business and its global success. This special Bloomberg program highlights the event's biggest interviews and news makers. GLP Capital Partners is the exclusive investment and asset manager of GLP. Read more about GLP Capital Partners. Sean Geary: Good morning. We now offer renewable products at half of our 22 owned or controlled terminals. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. The fund targets logistics sector. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Luxembourg Alter Domus 2 ans 9 mois . Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. 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. #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. Chief Operating Officer at GLP Capital Partners Englewood, Colorado, United States 1K followers 500+ connections Join to connect GLP Capital Partners (GCP) Activity Congratulations Karolina. 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!