GasLog Partners LP Unit (GLOP) Stock started the new week by gaining 4.87% on Monday, May 17, 2021, to closed at $3.23 per share but in the after-market session, GLOP shares lost 3.10% and closed at $3.13 per share.
GLOP shares have fallen 40.07% over the last 12 months, and they have moved up 2.54% in the past week. Over the past three months, the stock has lost 14.32%, while over the past six months, it has soared 52.36%.
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Quarterly distributions on its preference units
On May 14, 2021, GasLog Partners LP announced the quarterly distributions on its preference units as follows.
| Distribution | Record Date | Payment Date | |
| 8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units | $0.5390625 per preference unit | June 8, 2021 | June 15, 2021 |
| 8.200% Series B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units | $0.5125 per preference unit | June 8, 2021 | June 15, 2021 |
| 8.500% Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units | $0.53125 per preference unit | June 8, 2021 | June 15, 2021 |
Annual Meeting and Board election
On May 13, 2021, GasLog Partners held the annual meeting of limited partners in which the election of Daniel R. Bradshaw, as a Class III Director, was announced.
The appointment of Deloitte Certified Public Accountants S.A. as the Partnership’s independent auditors was also approved for the fiscal year ending December 31, 2021.
Recent financial results announcement
On May 06, 2021, GasLog Partners LP announced its financial results for the three months ended March 31, 2021.
Financial highlights for Q1 2021
- GasLog Partners reported revenue of $87.1 million for the quarter ended March 31, 2021, compared to $91.4 million for the same quarter in 2020.
- The company made a profit of $35.4 million in the first quarter of 2021 compared to $21.2 million in the first quarter of 2020.
- General and administrative expenses were $3.1 million for the reported period compared to $4.2 million for the three months ended March 31, 2020.
- Adjusted EBITDA was $64.1 million for the reported quarter compared to $64.2 million in the same quarter in 2020.
- GasLog Partners had $95.1 million of cash and cash equivalents as of March 31, 2021.
Cash distribution for common units
On April 29, 2021, GasLog Partners LP announced a cash distribution of $0.01 per common unit for the first quarter of 2021, payable on May 13, 2021, for all shareholders of record as of May 10, 2021.
Conclusion
As of this writing, we could not find any recent news or developments to justify its loss and gains on Monday. Let’s see how GLOP performs in the coming days.
