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Getty Realty (GTY) Company Overview

Profile

Full Name:

Getty Realty Corp.

Industry:

Retail

Country:

United States

IPO:

May 3, 1973

Indexes:

Not included

Description:

Getty Realty Corp. is a real estate investment fund in the USA, specializing in gas stations and oil distribution terminals. The company owns and leases out more than 800 properties in the northeast of the USA. The majority of its portfolio's income comes from Getty Petroleum Marketing. It owns, leases, and finances convenience store properties and gas stations operating under the brands 76, Aloha, BP, Citgo, Conoco, Exxon, Getty, Mobil, Shell, and Valero. Getty Realty Corp. was founded by Leo Liebowitz in 1955 and is headquartered in Jericho, New York.

Key Details

Price

$31.10

Annual Revenue

$185.85 M(+12.23% YoY)

Annual EPS

$1.15(-38.83% YoY)

Beta

0.22

Events Calendar

Earnings

Next earnings date:

Feb 12, 2025

Recent quarterly earnings:

Oct 23, 2024

Recent annual earnings:

Feb 14, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 26, 2024
Splits

Next split:

N/A

Recent split:

Apr 1, 1997

Analyst ratings

Recent major analysts updates

Jan 10, 25 JMP Securities
Market Outperform
Oct 21, 24 B of A Securities
Buy
Sep 19, 24 JP Morgan
Neutral
Jul 25, 24 JMP Securities
Market Outperform
Mar 25, 24 JMP Securities
Market Outperform
Nov 8, 23 RBC Capital
Sector Perform
Oct 19, 23 JMP Securities
Market Outperform
May 2, 23 RBC Capital
Sector Perform
Apr 27, 23 JMP Securities
Market Outperform
Mar 21, 23 JMP Securities
Market Outperform

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3 High-Yielding Dividend Stocks For 2025
3 High-Yielding Dividend Stocks For 2025
3 High-Yielding Dividend Stocks For 2025
GTY
seekingalpha.comJanuary 3, 2025

The New Year could pose challenges as markets absorb the Fed's latest interest rate cuts and the sell-off in global equities. However, higher-yielding investments can offer income and hedging opportunities. The S&P 500's Shiller price-to-earnings (P/E) Ratio, among other historic indicators, underscores fears of a potential bear market. Income-generating stocks can help offset potential losses and continued risks of market volatility, inflation, and prolonged high interest rates.

Getty Realty: Pullback Creates Opportunity As Capital Market Risk Is Manageable
Getty Realty: Pullback Creates Opportunity As Capital Market Risk Is Manageable
Getty Realty: Pullback Creates Opportunity As Capital Market Risk Is Manageable
GTY
seekingalpha.comDecember 31, 2024

Getty Realty has underperformed despite a stable, low-risk business profile and strong financial results, making it an attractive buy opportunity. The REIT's high-quality tenant base and 99.7% occupancy rate ensure steady cash flows and low renewal risk, supporting its financial stability. Capital market reliance and rising interest rates pose risks, but Getty's cost of capital remains manageable, with ongoing M&A activities expected to be accretive.

Getty Realty Corp. to Report Fourth Quarter 2024 Financial Results
Getty Realty Corp. to Report Fourth Quarter 2024 Financial Results
Getty Realty Corp. to Report Fourth Quarter 2024 Financial Results
GTY
globenewswire.comDecember 23, 2024

NEW YORK, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) will release its financial results for the fourth quarter ended December 31, 2024, after the market closes on Wednesday, February 12, 2025.

Getty Realty Corp. Closes $125 Million Private Placement of Senior Unsecured Notes
Getty Realty Corp. Closes $125 Million Private Placement of Senior Unsecured Notes
Getty Realty Corp. Closes $125 Million Private Placement of Senior Unsecured Notes
GTY
globenewswire.comNovember 25, 2024

NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today the closing of its previously disclosed private placement of $125 million of senior unsecured notes, including (i) $50 million of notes priced at a fixed rate of 5.52% and maturing September 12, 2029 and (ii) $75 million of notes priced at a fixed rate of 5.70% and maturing February 22, 2032.

Getty Realty: Solid Q3 Results Given Stable Cash Flow And Accretive M&A
Getty Realty: Solid Q3 Results Given Stable Cash Flow And Accretive M&A
Getty Realty: Solid Q3 Results Given Stable Cash Flow And Accretive M&A
GTY
seekingalpha.comOctober 25, 2024

Getty Realty has gained 23% in the past year, driven by expectations of Federal Reserve rate cuts, and offers a 5.8% dividend yield. The company's stable business model, with 99.7% occupancy and strong tenant credit profiles, ensures consistent cash flow and minimal delinquency risk. Getty's long-term leases with automatic escalators and a solid balance sheet support its acquisitive growth strategy, yielding 8% on new deals.

Getty Realty Corp. (GTY) Q3 2024 Earnings Call Transcript
Getty Realty Corp. (GTY) Q3 2024 Earnings Call Transcript
Getty Realty Corp. (GTY) Q3 2024 Earnings Call Transcript
GTY
seekingalpha.comOctober 24, 2024

Getty Realty Corp. (NYSE:GTY ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Executive Vice President and Chief Operating Officer Brian Dickman - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Farrell Granath - Bank of America Mitch Germain - Citizens JMP Securities Upal Rana - KeyBanc Capital Markets Wesley Golladay - Robert W. Baird & Co. Operator Good morning, and welcome to Getty Realty's Third Quarter 2024 Earnings Call.

Getty Realty (GTY) Q3 FFO and Revenues Surpass Estimates
Getty Realty (GTY) Q3 FFO and Revenues Surpass Estimates
Getty Realty (GTY) Q3 FFO and Revenues Surpass Estimates
GTY
zacks.comOctober 23, 2024

Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.57 per share a year ago.

Getty Realty Corp. Announces Third Quarter 2024 Results
Getty Realty Corp. Announces Third Quarter 2024 Results
Getty Realty Corp. Announces Third Quarter 2024 Results
GTY
globenewswire.comOctober 23, 2024

- Reports $147.6 Million of Year-to-Date Investment Activity - - Raises 2024 Full Year Earnings Guidance - NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today its financial and operating results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net earnings: $0.27 per share Funds From Operations (“FFO”): $0.56 per share Adjusted Funds From Operations (“AFFO”): $0.59 per share Invested $30.2 million across 16 properties at an 8.0% initial cash yield, plus an additional $15.1 million across four properties subsequent to quarter end Raised gross proceeds of approximately $121.1 million in a follow-on common stock offering in connection with forward sales agreements Agreed to issue $125.0 million of new senior unsecured notes to certain investors in a private placement transaction Extended leases totaling 11.0% of annualized base rent, or ABR, and increased the portfolio's weighted average lease term, or WALT, to more than 10.0 years As of October 23, 2024, had a committed investment pipeline of more than $70.0 million for the development and/or acquisition of 24 convenience and automotive retail properties “We are pleased to have produced another quarter of consistent earnings growth, while expanding and diversifying our portfolio of convenience and automotive retail properties," stated Christopher J.

Getty Realty Corp. Announces Increased Quarterly Cash Dividend
Getty Realty Corp. Announces Increased Quarterly Cash Dividend
Getty Realty Corp. Announces Increased Quarterly Cash Dividend
GTY
globenewswire.comOctober 22, 2024

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today that its Board of Directors declared a cash dividend of $0.47 per common share, an increase of 4.4% over the previous quarterly dividend. The dividend is payable on January 9, 2025 to holders of record on December 26, 2024.

Getty Realty: Double-Digit AFFO Growth, Near 6% Yield Make Them A Long-Term Buy
Getty Realty: Double-Digit AFFO Growth, Near 6% Yield Make Them A Long-Term Buy
Getty Realty: Double-Digit AFFO Growth, Near 6% Yield Make Them A Long-Term Buy
GTY
seekingalpha.comOctober 16, 2024

Getty Realty remains an attractive buy for long-term dividend investors, offering a nearly 6% yield and strong fundamentals despite recent sector cooling. GTY has shown robust growth with double-digit FFO & AFFO increases and a solid balance sheet, supporting its expansion and long-term outlook. The REIT's portfolio, focused on convenience stores and car washes, presents some risks but also significant growth potential, especially with favorable interest rate trends.

FAQ

  • What is the ticker symbol for Getty Realty?
  • Does Getty Realty pay dividends?
  • What sector is Getty Realty in?
  • What industry is Getty Realty in?
  • What country is Getty Realty based in?
  • When did Getty Realty go public?
  • Is Getty Realty in the S&P 500?
  • Is Getty Realty in the NASDAQ 100?
  • Is Getty Realty in the Dow Jones?
  • When was Getty Realty's last earnings report?
  • When does Getty Realty report earnings?
  • Should I buy Getty Realty stock now?

What is the ticker symbol for Getty Realty?

The ticker symbol for Getty Realty is NYSE:GTY

Does Getty Realty pay dividends?

Yes, Getty Realty pays dividends. The last payment was $0.47, with an ex-dividend date on December 26, 2024

What sector is Getty Realty in?

Getty Realty is in the Real Estate sector

What industry is Getty Realty in?

Getty Realty is in the Retail industry

What country is Getty Realty based in?

Getty Realty is headquartered in United States

When did Getty Realty go public?

Getty Realty's initial public offering (IPO) was on May 3, 1973

Is Getty Realty in the S&P 500?

No, Getty Realty is not included in the S&P 500 index

Is Getty Realty in the NASDAQ 100?

No, Getty Realty is not included in the NASDAQ 100 index

Is Getty Realty in the Dow Jones?

No, Getty Realty is not included in the Dow Jones index

When was Getty Realty's last earnings report?

Getty Realty's most recent earnings report was on Oct 23, 2024

When does Getty Realty report earnings?

The next expected earnings date for Getty Realty is Feb 12, 2025

Should I buy Getty Realty stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions