Now, Greg, Mark and I will be happy to take your questions. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. REGISTRATION STATUS . Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. All Rights Reserved. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Where is GLP located? 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. Eric Slifka: Thank you, Greg. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. GLP Capital Partners Closes $2.3B Logistics Fund | GlobeSt GLP Capital LP - Company Profile and News - Bloomberg.com Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo! The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. 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. GLP Capital Partners - Crunchbase Investor Profile & Investments Now let me turn the call back to Eric for closing comments. GLP Capital Partners Scores $64M Loan For Doral Project Who owns GLP? #GCP #GLP 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. With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka; Chief Financial Officer, Mr. Gregory Hanson; Chief Operating Officer, Mr. Mark Romaine; and Chief Legal Officer, Mr. Sean Geary. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund All Rights Reserved. AvalonBay Communities. 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. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Private Equity | GLP Investing in established and growth-stage businesses. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). GLP Capital Partners on LinkedIn: GLP Capital Partners announces new This is a profile preview from the PitchBook Platform. At over $2.3 billion the fund, GLP . This special Bloomberg program highlights the event's biggest interviews and news makers. SEC / JURISDICTION. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Headquarters Location 100 Wilshire Blvd. Our team successfully navigated through these challenges. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. 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. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure The entity was formed on January 15, 2020 in the jurisdiction of Delaware. 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 2023 PitchBook. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. 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. By Francisco Alvarado. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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. Selected profiles of other Operating Partners are also shown below. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. 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. What does this mean for CRE professionals? 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! BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! Brookfield Property Partners. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. 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. GLP Capital Closes $2.3 Billion Logistics Real Estate Fund https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. GLP Capital Partners Company Profile | Management and - Datanyze Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. 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. Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn 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. 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. About us | GLP Europe | Logistics asset management & property development I manage the legals on acquisitions, dispositions . The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . As we continue to invest in optimizing our sites with an eye towards sustainability, we know that the drivers of tomorrow will have different expectations and needs than the drivers of today. Mar 2023 - Present1 month. 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, 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. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Sovereign Investor Leadership Conference March 2023 Menu Americold. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . Today's call is being recorded. GCP Announces $2.3 Billion Final Closing of Logistics Property Fund To continue reading the Q&A session, please click here. 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. For more information on GLPs ESG efforts, visit: glp.com/global/impact. Slavena Raguz - Senior Financial Accountant - GLP Capital Partners G7 is a technology company backed by GLP. In our gasoline distribution and GDSO segment, we continued to benefit from higher retail fuel margins and increased activity in our convenience markets in part as a result of our recent acquisitions. Singapore. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. 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. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data.