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.

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today the private placement of $225 million of senior unsecured notes, including (i) $100 million of notes priced at a fixed rate of 3.45% and maturing February 22, 2032, and (ii) $125 million of notes priced at a fixed rate of 3.65% and maturing January 20, 2033. The 3.45% notes were funded at closing and proceeds will be used to repay all amounts outstanding on the Company's revolving credit facilit

Getty Realty Corp. Announces $225 Million Private Placement of Senior Unsecured Notes

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Getty Realty has underperformed the broader market as expected over the past year.

Getty Realty: The Picture Has Gotten More Favorable

Gas stations have been a highly stable asset class. Yet they still trade at a significantly higher cap rate than other triple net retail.

Getty Realty: Solid Base Return With Upside From Cap Rate Compression

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On Thursday, Bank of America analyst Joshua Dennerlein updated his coverage of triple-net real estate investment trusts (REITs), and adjusted his ratings for several stocks. The Analyst: Dennerlein made the following changes to his coverage:

BofA Downgrades Getty Realty, National Retail Properties, Names Top Triple-Net REITs For 2022

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) announced today the allocations of the Company's 2021 dividend distributions on its common stock (CUSIP #374297109). The allocations as they will be reported on Form 1099-DIV are as follows: OrdinaryIncome Capital Gains RecordDate PayableDate Total 2021DistributionsPer Share(1a + 2a + 3) Total(Box 1a) Total(Box 2a) Unrecapt'd Sec1250(Box 2b) NondividendDistributions(Box 3) 12/24/2020 1/7/2021 $ 0.390000 $ 0.284926 $ 0.021462 $ 0.004290 $

Getty Realty Corp. Announces 2021 Dividend Tax Treatment

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) will release its financial results for the quarter ended December 31, 2021 after the market closes on Wednesday, February 23, 2022. Getty Realty Corp. will host a conference call and webcast on Thursday, February 24, 2022 at 8:30 a.m. EST. To participate in the call, please dial (877) 423-9813, or (201) 689-8573 for international participants, ten minutes before the scheduled start. Participants may also access the call via live webcast

Getty Realty Corp. to Report Fourth Quarter 2021 Financial Results

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Despite a wave of dividend hikes and robust external growth, net lease REITs have been among the weakest-performing property sectors this year amid concerns over soaring inflation and rising interest rates. Despite their reputation as bond substitutes, net lease REITs have historically delivered above-average earnings growth as accretive external growth has more than offset the drag from muted property-level growth.

Net Lease REITs: Analyzing Inflation Risk

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), announces with great sadness that its former Chairman and Co-Founder, Leo Liebowitz passed away on Sunday, December 12, 2021. The entire Getty team extends their heartfelt condolences to his wife and extended family. For six decades, until his retirement as the Company's Chairman on February 23, 2021, Mr. Liebowitz served tirelessly for the Company he co-founded and was respected and revered by all who worked

Getty Realty Corp. Announces the Passing of Former Chairman and Co-Founder Leo Liebowitz

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I'm sure you're counting down the days until Santa Claus drops presents off at your house. But tell me honestly… have you been naughty or nice? Just kidding. I'm sure you've been nice. So I'm providing you with this sweet treat of an article that contains a few good REITs.

All I Want For Christmas Are A Few Good REITs

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Right now, net lease REITs are stuck below all-time highs and underperforming because we are in a high inflation/rising rates environment. Soon enough, however, we should return to a low inflation/low rates environment, which is ideally suited for net lease REITs.

The Net Lease REIT Report For Q3 2021: Ramping Up Acquisition Volume

Getty Realty is an interesting net-lease REIT that does not get a lot of attention these days. However, I think about Getty every time that I put gas in my car.

Getty Realty Is Still Pumping Premium Dividends

Getty Realty Corp.'s (GTY) CEO Christopher Constant on Q3 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial results for the quarter ended September 30, 2021. Third Quarter Highlights Net earnings of $0.30 per share Funds From Operations (“FFO”) of $0.48 per share Adjusted Funds From Operations (“AFFO”) of $0.50 per share Invested an aggregate of $61.1 million across 25 properties “With approximately $145 million of investments completed year to date, including more than $60 million in th

Getty Realty Corp. Announces Third Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today that the Company entered into a Second Amended and Restated Revolving Credit Agreement (the “Credit Agreement”) with a group of existing and new lenders that amended and extended the Company's existing $300 million senior unsecured revolving credit facility (the “Revolving Credit Facility”). The Credit Agreement (i) extends the maturity of the Revolving Credit Facility from March 2022 to October

Getty Realty Corp. Announces Amended and Restated $300 Million Revolving Credit Facility

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) will release its financial results for the third quarter ended September 30, 2021, after the market closes on Wednesday, October 27, 2021. Getty Realty Corp. will host a conference call and webcast on Thursday, October 28, 2021, at 8:30 a.m. ET. 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 we

Getty Realty Corp. to Report Third Quarter 2021 Financial Results

The heavy selling pressure might have exhausted for Getty Realty (GTY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down 7% in 4 Weeks, Here's Why Getty Realty (GTY) Looks Ripe for a Turnaround

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Inflationary expectations are cooling off as we predicted a few months ago. The current environment is favorable: reopening + low rates + fairly steady inflation expectations. Delta remains a risk. Rent collection levels were extremely strong, as Hoya Capital recently noted. Several REITs raised guidance, though most increases were small (which is normal for net lease).

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Getty Realty: Fill Up On This 5% Yield

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At the Benzinga Reopening Stocks Summit on Wednesday, Bellrock Pro owner Silvia Bellrock discussed how investors can use technical analysis to select the best economic reopening stocks in today's market. Many exciting opportunities exist among reopening stocks, but traders need to identify attractive entry and exit points to maximize their potential profits, she said.

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Getty Realty Corp. (GTY) CEO Christopher Constant on Q2 2021 Results - Earnings Call Transcript

Getty Realty (GTY) delivered FFO and revenue surprises of 2.08% and 1.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Getty Realty (GTY) Surpasses Q2 FFO and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial results for the quarter ended June 30, 2021. Second Quarter Highlights Net earnings of $0.28 per share Funds From Operations (“FFO”) of $0.49 per share Adjusted Funds From Operations (“AFFO”) of $0.49 per share Invested an aggregate of $44.1 million across 53 properties “Our second quarter performance reflects the strength of our in-place portfolio, as well as the compelling growth

Getty Realty Corp. Announces Second Quarter 2021 Results

News for Getty Realty Stock (GTY)