Headquarters Location 100 Wilshire Blvd. Thrilled indeed! GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. 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. 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. 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. 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 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. Very nice, congratulations on your and GLP's success, Alan. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. The adviser's REGISTRATION status is listed below. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Today's call is being recorded. 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. 12 Best Affordable Dividend Stocks to Buy, Stay Informed: Jerome Powells Policy Report & Important Economic Data, What cautious spending means for the US economy: YF Explains, 3 top tips for investors trying to weather the current economic storm: Strategist, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. Shares of NYSE GLP opened at $34.99 on Friday. 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. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Why do investors keep destroying wealth? #1400 Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . It specializes in acquisitions, development, operations, technology, and e-commerce. 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). Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. 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. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Now let me turn the call back to Eric for closing comments. This is the GL Capital Partners company profile. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: #GCP #GLP 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. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Looking at our upcoming Investor Relations calendar. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. 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. 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. 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. 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. Find More Contacts for GLP Capital Partners. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. I manage the legals on acquisitions, dispositions . Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. GLP is a privately owned company incorporated in Singapore. All Rights Reserved. Markets never sleep, and neither does Bloomberg. #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. 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. 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. Copyright 2020 GLP. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. 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. 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. 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. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . The fund targets logistics sector. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. Active, Closed, This describes the type of investor this organization is (e.g. | Learn more about Melissa Ava Marshall MCIPD's . We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. GLP is a global leader in logistics real estate with a proven track record as business builder, owner, developer and operator with one of the largest logistics real estate footprints in the world. Selected profiles of other Operating Partners are also shown below. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. For the fourth quarter, our Wholesale segment product margin more than doubled from the same period in 2021 as market conditions and effective management of our inventories amid sustained backwardation in the distillates markets combined to drive strong margin capture. 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. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Which One is Best? 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. Turning to our segment details. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. 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. Were proud of our long-shared history and culture with GLP and will continue to leverage our combined capabilities to create a powerful and unique ecosystem and value proposition for the benefit of our investors, customers and each other. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Luxembourg Alter Domus 2 ans 9 mois . Learn more in our Cookie Policy. Your article was successfully shared with the contacts you provided. Mar 2023 - Present1 month. GLP Capital Partners LP operates as an investment management company. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. Where is GLP located? We are excited to work together on their flagship strategy! The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Global Fund Management, Capital Raising & Investor Relations. REGISTRATION STATUS. How long this might continue is impossible to say at the moment. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. #GCP #GLP, Very exciting to be managingthis ETF! 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. 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 fund is based in Santa Monica, California and invests in North America. Our new structure puts us in a position to grow GCP into one of the only truly global alternative asset managers with both a leading presence in Asia and a track record of scale and success in the US, Brazil and Europe, said Alan Yang, CEO of GLP Capital Partners. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Operator? The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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