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. Achieved total IT load capacity of ~1,400 MW in China. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Sovereign Investor Leadership Conference March 2023 Menu Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. We continue to manage our balance sheet prudently. This is the GL Capital Partners company profile. Now let me turn the call back to Eric for closing comments. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. Watch our brand video 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. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Markets never sleep, and neither does Bloomberg. GLP Capital Partners. As part of our work in the clean fuel space, we formed an interdisciplinary team to research and evaluate hydrogen mobility supply and distribution opportunities. 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. Copyright 2020 GLP. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Global Partners LP (GLP) Q4 2022 Earnings Call Transcript Hear the latest economic, business and market news, as well as global, national, and local news. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. 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. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 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. 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. 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. Looking at expenses. All Rights Reserved. Please go ahead, sir. 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 a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. He received his Bachelor of Science in Finance from Indiana University School of Business. 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). At this time, I'd like to turn the call over to Mr. Geary for opening remarks. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. 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. Eric Slifka: Thank you, Sean, and good morning, everyone. Tower Research Capital LLC TRC decreased its holdings in shares of Global Partners LP (NYSE:GLP Get Rating) by 17.9% during the 3rd quarter, Holdings Channel.com reports. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. Active, Closed, This describes the type of investor this organization is (e.g. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Jevin Zhuang - Fund Management Analyst - GLP Capital Partners 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 is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Copyright 2020 GLP. 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. GLP is the largest shareholder of GLP Capital Partners. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. Current Vacancies - GLP Europe 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. To continue reading the Q&A session, please click here. GLP Capital, L.P. Credit Ratings :: Fitch Ratings We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. 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. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. UBS Group AG now owns 70,415 shares of the energy companys stock valued at $1,655,000 after buying an additional 53,964 shares during the last quarter. 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. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: GCP: Versatile strategy critical to deployment in US logistics - PERE List of real estate investment firms - Wikipedia glp, 1250 | Iir In addition to the power of our people, our company performance demonstrates the resilience of our business model, the strength of our assets and the value that we deliver for the guests at our gas stations and convenience markets and the customers at our liquid energy terminals every day. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. For the full year, DCF was $413.4 million compared with $120.7 million in '21. GLP Capital Partners Releases 2021 ESG Report - PR Newswire 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.
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