Getty Realty

Getty Realty Corp. operates as a real estate investment trust. It engages in the acquisition, owning, selling, and leasing of convenience store and gas service station properties. The firm operates through the following brands: 76, BP, Citgo, Conoco, Exxon, Gulf, Mobil, Sunoco, Chevron, Global, Fas Mart, Aloha, United Oil, RaceTrac, and Valero. Getty Realty was founded by Leo Liebowitz in 1955 and is headquartered in New York, NY.

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Getty Realty reports robust Q4 earnings, affirms 2023 guidance

Getty Realty's Q4 2022 performance reflects solid revenue growth, increased base rental income, and improved AFFO per share, underpinned by strategic investments and portfolio diversification.
While facing challenges with rising G&A costs and environmental liabilities, the company's financial strength, disciplined approach, and reaffirmed guidance signal resilience and growth potential.
Opportunities exist for Getty Realty to capitalize on its strong foundation, optimize operational efficiency, explore new growth avenues, and enhance sustainability practices for long-term success.
Investors can be optimistic about Getty Realty's performance and strategic direction, as management remains focused on driving shareholder value and navigating market dynamics effectively.

Getty Realty posts robust Q1 results, raises 2023 guidance

Getty Realty delivered a strong financial performance in Q1 2023, driven by revenue growth and increased AFFO per share.
The company's operational strength, strategic investments, and raised guidance signal confidence in future prospects.
While debt management and capital allocation pose challenges, opportunities lie in expanding investments and exploring new growth avenues.

Getty Realty reports solid Q2 performance and strategic growth outlook

Getty Realty delivered strong financial results, showcasing growth in AFFO per share and earnings, supported by strategic investments and prudent financial management.
While facing challenges from industry trends and market conditions, the company's resilience and proactive approach position it well for future opportunities.
With a clear focus on diversification, debt management, and value creation, Getty Realty remains poised for sustained growth and shareholder value enhancement.

Getty Realty reports strong Q3 earnings and strategic growth outlook

Getty Realty delivered solid financial performance in Q3 2023, with growth in AFFO per share and total revenues, supported by strategic investments.
The company's increased dividend, raised guidance, and strong lease portfolio underscore their commitment to shareholder value and financial stability.
While facing challenges in market dynamics and tenant operations, Getty Realty's focus on opportunities for portfolio expansion and optimized investments positions them for continued growth.

Getty Realty reports record investments and revenue growth in 2023

Getty Realty delivered robust financial performance in 2023, underpinned by record investments and revenue growth, positioning the company for continued success.
While facing challenges such as managing debt levels and addressing analyst concerns, Getty's strengths in diverse investments and market optimism offer avenues for growth.
By leveraging opportunities in market positioning, technology, and sustainability, Getty Realty can navigate challenges and drive value creation for stakeholders.

Getty Realty reports strong Q1 earnings, affirms 2024 guidance

Getty Realty's Q1 2024 performance reflects robust growth in base rental income and AFFO per share, underpinned by strategic investments and portfolio management.
While facing challenges such as rising G&A expenses, the company maintains strong occupancy rates and reaffirms its 2024 AFFO guidance, signaling stability.
Opportunities lie in portfolio diversification, tenant coverage optimization, and market trends alignment, positioning Getty Realty for sustained growth and resilience.
Investors can find confidence in Getty Realty's operational strength, prudent risk management, and strategic focus on revenue optimization and asset classes.

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Getty Realty Corp. is a real estate investment trust, which engages in the acquisition, financing, and development of convenience, automotive, and other single tenant properties. Its portfolio includes convenience and gas, car wash, auto service and parts. Getty Realty was founded by Leo Liebowitz in 1955 and is headquartered in New York, NY.

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Getty Realty is a triple-net lease REIT focused on service-oriented properties. The Company has some impressive business metrics in terms of occupancy rate, rent escalations, and WALT. There are some noticeable risks accompanying GTY (high tenant concentration and significant debt maturities upcoming in 2025/2026).

Getty Realty Is Getting Risky - The Good And The Bad

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today that it has published its 2024 Corporate Responsibility Report highlighting the Company's environmental, social and governance ("ESG") policies and practices. Getty engaged Antea® Group, an Environment, Health, Safety, and Sustainability consulting firm, to assist with the report which was prepared with consideration of the frameworks established by the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD).

Getty Realty Corp. Publishes 2024 Corporate Responsibility Report

Getty Realty's shares have underperformed in the past year, but the company's business remains stable with strong debt coverage and long lease terms. The company reported solid Q1 results, with adjusted funds from operations beating expectations and revenue rising by 14%. Its lower share price does make accretive deal-making more difficult, but shares seem now positioned to deliver a 10+% return even absent new property acquisitions.

Getty Realty: Shares Can Be Attractive Even With Slower Investment

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With the summer months being traditionally weak for the stock market, astute investors should place bets on NNN REIT (NNN), Getty Realty (GTY) and Frontline (FRO) for steady income.

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U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.

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Getty Realty Corp. (NYSE:GTY ) Q1 2024 Earnings Call Transcript April 26, 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 Todd Thomas - KeyBanc Capital Markets Anthony Paolone - JP Morgan Alex Saigon - Baird Mitch Germain - Citizens JMP Securities Michael Gorman - BTIG Operator Good morning, and welcome to Getty Realty's First Quarter 2024 Earnings Call. This call is being recorded.

Getty Realty Corp. (GTY) Q1 2024 Earnings Call Transcript

Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.57 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.56 per share a year ago.

Getty Realty (GTY) Q1 FFO Meet Estimates

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net earnings: $0.30 per share Funds From Operations (“FFO”): $0.53 per share Adjusted Funds From Operations (“AFFO”): $0.57 per share Invested $41.0 million across 35 properties, plus $7.2 million subsequent to quarter end Committed investment pipeline of more than $44.0 million, as of April 25, 2024, for the development and/or acquisition of 23 diverse convenience and automotive retail properties “We are pleased with the Company's performance for the first quarter.

Getty Realty Corp. Announces First Quarter 2024 Results

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The company's dividend is also well-covered by an AFFO payout ratio below 80%, and they have well-laddered debt maturities with none due until 2025.

Getty Realty: Strong Dividend Growth And Valuation Makes It A Solid REIT

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Getty Realty Corp. (GTY) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Getty Realty (GTY) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Getty Realty (GTY) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial and operating results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Net earnings: $0.30 per share Funds From Operations (“FFO”): $0.51 per share Adjusted Funds From Operations (“AFFO”): $0.57 per share Invested $61.8 million across 38 properties Completed two redevelopment and revenue-enhancing capex projects Full Year 2023 Highlights Net earnings: $1.15 per share FFO: $2.06 per share AFFO: $2.25 per share Invested a record $326.3 million across 81 properties Completed five redevelopment and revenue-enhancing capex projects “We are extremely proud of our financial results in 2023, which saw us grow base rental income by nearly 10% and AFFO per share by more than 5%, reflecting strong execution of our growth strategy,” stated Christopher J.

Getty Realty Corp. Announces Fourth Quarter and Full Year 2023 Results

Getty Realty Corp. is a REIT that owns 1,100 freestanding retail properties leased under triple net terms, with 85% of revenue from convenience stores and car washes. Higher total return over 5 and 10 years than Realty Income Corp. or NNN REIT, Inc. Price ~10% below estimated fair value, with an attractive 6.4% yield.

Getty Realty: Convenience Store Success

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today the allocations of the Company's 2023 dividend distributions on its common stock (CUSIP #374297109). The allocations as they will be reported on Form 1099-DIV are as follows:

Getty Realty Corp. Announces 2023 Dividend Tax Treatment

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) today provided an update on the Company's fourth quarter and full year 2023 business activities. The Company also provided its initial full year 2024 earnings guidance. 2023 Highlights Invested approximately $326 million in convenience and automotive retail assets, a record year of investment activity for the Company, including approximately $61 million in the fourth quarter. Committed investment pipeline of ap.

Getty Realty Corp. Provides 2023 Business Update

Getty Realty's shares have underperformed due to its equity issuance and the impact of electric vehicle penetration on gasoline-related businesses. GTY owns 1,480 properties across 40 states, focused on convenience stores, gas stations, and car washes, providing stable and growing cash flow. Getty's properties have a high occupancy rate of 99.7% and a long average lease life, ensuring a high certainty of cash flow in the coming years.

Getty Realty: Recent Underperformance Creates An Opportunity

In trading on Wednesday, shares of Getty Realty were yielding above the 6% mark based on its quarterly dividend (annualized to $1.8), with the stock changing hands as low as $29.42 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

Getty Realty Dividend Yield Pushes Above 6%

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) will release its financial results for the fourth quarter ended December 31, 2023, after the market closes on Wednesday, February 14, 2024. Getty Realty Corp. will host a conference call and webcast on Thursday, February 15, 2024, at 8:30 a.m. EST. To participate in the call, please dial 1-877-423-9813, or 1-201-689-8573 for international participants, ten minutes before the scheduled start. Participants may also access the call via live.

Getty Realty Corp. to Report Fourth Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--As part of its ongoing commitment to effective environmental, social and governance ("ESG") practices, Getty Realty Corp. (NYSE: GTY) today announced the results of its 2023 Getty Gives campaign. Getty Gives provides our team with a formal program to support causes that are meaningful to us and the communities in which we live and work. Getty Gives includes corporate donations to charitable organizations selected by our employees, company matching for employee charita.

Getty Realty Corp. Announces 2023 Getty Gives Activity

News for Getty Realty Stock (GTY)