Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Delivered first phase of 120 MW data center in Jiangsu Province, China. 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. 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. Now, Greg, Mark and I will be happy to take your questions. GLP Capital Partners | LinkedIn Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. In 2022, we made great strides in defining our role in the energy transition from actively crafting clean fuels policy to investing in the infrastructure to deliver low-carbon solutions to creating mechanisms for people to lead with ingenuity; we are making progress on our sustainability journey. Luxembourg Alter Domus 2 ans 9 mois . The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. The segment's performance for both periods was driven largely by an increase in bunkering activity. Bloomberg Daybreak Asia. As General Counsel & Chief Administrative Officer I sit on the GLP Europe management team and am responsible for all legal, compliance, regulatory, risk management and governance matters in Europe, as well as Marketing & Communications. 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 The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. We continue to manage our balance sheet prudently. Covering Brazil, Vietnam & PE funds. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. To continue reading the Q&A session, please click here. 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. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure 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. #GCP #GLP, Very exciting to be managingthis ETF! At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. 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 . Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 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. Boardwalk Real Estate Investment Trust. GLP is the largest shareholder of GLP Capital Partners. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Turning to our distribution. The ex-dividend date of this dividend was Tuesday, February 7th. For the full year, GDSO product margin was up $209 million to $856.6 million, with fuel margins increasing $0.09 per gallon to $0.36 from $0.27 per gallon in the year-earlier period. Arlington Asset Investment. This information is available in the PitchBook Platform. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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. REGISTRATION STATUS. Copyright 2023 ALM Global, LLC. Headquarters Location 100 Wilshire Blvd. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. 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 Fund Manager Profile | Preqin 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. 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 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. CapEx in the fourth quarter of 2022 was approximately $41 million, consisting of $26.6 million of maintenance CapEx and $14.4 million of expansion CapEx, the majority of which relates to our convenience stores. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. 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. Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new GLP Capital LP - Company Profile and News - Bloomberg.com 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. 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 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. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Hear the latest economic, business and market news, as well as global, national, and local news. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Annaly Capital Management. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Industrial & commercial warehouses rental | Available properties | GLP GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. Joseph Bohling on LinkedIn: GLP Capital Partners announces new 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. 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. 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. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Our ability to attract top talent and focus on developing their skills supports our global growth and helps the company expand beyond what it is today. It specializes in acquisitions, development, operations, technology, and e-commerce. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. 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. 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. Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo! Watch below as Catherine discusses the Emerge EMPWR program as a stepping stone for other women in the industry.This program will be a role model for future female portfolio managers. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Glp Capital Partners LP Company Profile | Santa Monica, CA The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. GLP Capital Partners. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . Retailers faced a wide range of challenges in 2022. List of real estate investment firms - Wikipedia 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 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. Sep 2022 - Present7 months. Our combined investing and operating expertise allows us to create value for our customers and investors. At over $2.3 billion the fund, GLP . Our European platform is built on more than 30 years of experience in logistics real estate and operates in 12 countries across the continent, covering all major logistics markets. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Posted by MarketBeat News on Mar 3rd, 2023. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Private Capital Chugged Along Better Than Institutional Money Last Year, A Closer Look at H2s Investment Sales Drubbing, Calgary Startup Offers Wholesale Renewable Power to Homeowners, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. During the same quarter in the previous year, the company earned $0.44 earnings per share. Who owns GLP? 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. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. Watch our brand video Overnight on Wall Street is daytime in Asia. 304917 Latest Filing 26 Aug 2022 SEC No. 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). 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. 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. GLP Eric Slifka: Thank you, Greg. About Us | GLP Achieved total IT load capacity of ~1,400 MW in China. 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. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. GLP Capital Closes $2.3 Billion Logistics Real Estate Fund 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. *May exclude premium content Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Brixmor Property Group. #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. 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. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. IAPD - Investment Adviser Public Disclosure - Homepage GLP Capital, L.P. Credit Ratings :: Fitch Ratings 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. GLP Capital Partners Releases 2021 ESG Report - PR Newswire Goldman Sachs Group Inc. now owns 193,521 shares of the energy companys stock worth $4,548,000 after acquiring an additional 57,422 shares during the last quarter. For more information on GLPs ESG efforts, visit: glp.com/global/impact. 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. 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. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. 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. Now let me turn the call back to Eric for closing comments. Fund name: GLP Capital Partners IV Fund size: $2.3 billion Target size: $2 billion Launch date: June 2020 Current status: Final close, July 2021 GLP Capital Partners has held a final close on their fourth flagship fund, the GLP Capital Partners IV.Successfully raising more than $2.3 billion, the vehicle will invest in logistics real estate throughout the US. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. Read more about GLP Capital Partners. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Global Fund Management, Capital Raising & Investor Relations.