This is the GL Capital Partners company profile. REGISTRATION STATUS . 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. Copyright 2023 ALM Global, LLC. 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. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Copyright 2020 GLP. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. GLP is dedicated to incubating innovative technologies that enhance our businesses and assets by making them smarter and more efficient, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. EFFECTIVE DATE; SEC: Several other hedge funds have also made changes to their positions in GLP. 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. Station operations, including station operations product margin, which includes convenience store and prepared food sales, sundries and rental income, rose $9.9 million to $67.2 million from the fourth quarter of 2021. GLPGCP GLP Capital Partners ""46 1250 . Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. Happy to be at the ETF conference in Miami sharing our story! Posted by MarketBeat News on Mar 3rd, 2023. 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. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Where the organization is headquartered (e.g. 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. GLP Capital Partners (GCP) is planning to raise $2bn (1.6bn) for its value-add US industrial fund GLP Capital Partners IV, according to sources. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. The energy . All Rights Reserved. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Retailers faced a wide range of challenges in 2022. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Covering Brazil, Vietnam & PE funds. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Global Partners undertakes no obligation to revise or update any forward-looking statements. *May exclude premium content Hong Kong SAR. Brixmor Property Group. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. 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. He received his Bachelor of Science in Finance from Indiana University School of Business. Why do investors keep destroying wealth? GLP is a privately owned company incorporated in Singapore. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. Global Fund Management, Capital Raising & Investor Relations. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. Many thanks to Emerge CM. What does this mean for CRE professionals? Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Passionate about delivering on HR principles of attracting, developing, and retaining talent. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? On a full year basis, SG&A was up $50.2 million to $263.1 million. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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. GLP Capital Partners LP operates as an investment management company. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Now, Greg, Mark and I will be happy to take your questions. 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. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Your article was successfully shared with the contacts you provided. People and culture are core to GLPs business and its global success. Private Equity | GLP Investing in established and growth-stage businesses. 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. Markets never sleep, and neither does Bloomberg. 332 followers 329 connections. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. 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. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. GLPs strategic investment partnership with CMC expands our investment scope further into infrastructure, finance and private equity and enables both partners to leverage each others network of domestic and international investors to collaborate on the development of new funds. 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. We now offer renewable products at half of our 22 owned or controlled terminals. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. 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. These current estimates depend in part on the timing of completion of projects, availability of equipment and workforce, weather and unanticipated events or opportunities requiring additional maintenance or investments. GLP Capital Partners. 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. SEC / JURISDICTION. To explore GLP Capital Partners IVs full profile, request access. 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. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. All rights reserved. Solartility platform leases panels, storage batteries and bi-directional meters. In addition, in the fourth quarter, we incurred an expense of approximately $7.5 million in connection with an ongoing dispute between us and a landlord at certain of our sites, which we are currently disputing. 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. He is also an investor and board member of Value Retail China, a company that specializes in the development and operation of luxury outlet shopping villages. Copyright 2020 GLP. Brookfield Property Partners. The value-add fund will invest into the logistics sector. December 08, 2021 05:30 PM. 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 GCP also invests in logistics technology companies from seed to growth equity stages. 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. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. All Rights Reserved. The Company focuses on providing logistics real estate investment management solutions. 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.
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