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Getty Realty Corp. - GTY STOCK NEWS

Welcome to our dedicated page for Getty Realty news (Ticker: GTY), a resource for investors and traders seeking the latest updates and insights on Getty Realty stock.

Getty Realty Corp. (NYSE: GTY) is a leading publicly-traded real estate investment trust (REIT) in the United States. The company focuses on the ownership, leasing, and financing of convenience stores and gasoline station properties. With a vast portfolio of 932 properties across 30 states and Washington, D.C., Getty Realty operates under various well-known brands such as 76, Aloha, BP, Citgo, Conoco, Exxon, Getty, Mobil, Shell, Sunoco, and Valero.

The company's portfolio includes 817 properties leased under 25 separate unitary or master triple-net leases, and 101 properties leased under single unit triple-net leases. Getty Realty's properties are strategically situated to cater to high-traffic areas, ensuring relevance and demand in the market.

Apart from leasing, Getty Realty is actively redeveloping nine former convenience store and gasoline station properties into new convenience stores or alternative single-tenant net lease retail uses. This redevelopment strategy underscores the company's commitment to growth and value addition for shareholders.

Additionally, Getty Realty diversifies its portfolio by including car washes, automotive service centers, automotive parts retailers, and drive-thru quick service restaurants. The majority of the revenue is generated in the form of rental income, which provides a stable financial base for the company.

Recent achievements include record investment activity and robust financial results, positioning Getty Realty for continued success. The company has also reaffirmed its 2024 full-year earnings outlook, reflecting confidence in its financial health and strategic direction.

News

Getty Realty Corp. Announces Regular Quarterly Cash Dividend

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Getty Realty Corp. (GTY) declares a regular quarterly cash dividend of $0.45 per common share, payable on July 11, 2024, to shareholders of record on June 27, 2024.
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Getty Realty Corp. Announces First Quarter 2024 Results

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Getty Realty Corp. announced its First Quarter 2024 Results, highlighting net earnings of $0.30 per share, FFO of $0.53 per share, and AFFO of $0.57 per share. The Company invested $41.0 million across 35 properties and has a committed investment pipeline of over $44.0 million. The CEO emphasized the Company's performance and strategic growth objectives.
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Getty Realty Corp. To Report First Quarter 2024 Financial Results

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Getty Realty Corp. (GTY) announces the release of its financial results for Q1 2024 on April 25, 2024. A conference call and webcast will be held on April 26, 2024, at 8:30 a.m. EDT for investors and analysts to participate and access the live event or replay.
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Getty Realty Corp. Announces Fourth Quarter and Full Year 2023 Results

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Getty Realty Corp. reports record investment activity and strong financial results for the fourth quarter and full year 2023, with notable highlights including net earnings of $0.30 per share, FFO of $0.51 per share, and AFFO of $0.57 per share for the fourth quarter. For the full year, net earnings were $1.15 per share, FFO was $2.06 per share, and AFFO was $2.25 per share. The company invested $61.8 million across 38 properties in the fourth quarter and a record $326.3 million across 81 properties for the full year. Getty Realty Corp. plans to continue adding to its investment pipeline in 2024 and expects sustained earnings and dividend growth for its shareholders.
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Getty Realty Corp. Announces Regular Quarterly Cash Dividend

Rhea-AI Summary
Getty Realty Corp. (GTY) declares a cash dividend of $0.45 per common share, payable on April 11, 2024, to holders of record on March 28, 2024.
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Getty Realty Corp. Announces 2023 Dividend Tax Treatment

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Getty Realty Corp. (GTY) has announced the allocations of the Company’s 2023 dividend distributions on its common stock (NYSE: GTY). The total distributions per share for 2023 are $1.720000, with $1.250484 as total ordinary income and $0.469516 as nondividend distributions. The record dates and payable dates for each distribution are also provided in the press release. It is important to note that the information provided should not be considered as tax advice and individuals are advised to consult their tax advisor for specific tax consequences.
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Getty Realty Corp. Provides 2023 Business Update

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Getty Realty Corp. (NYSE: GTY) reports record annual investment activity and introduces 2024 annual earnings guidance. The company invested approximately $326 million in convenience and automotive retail assets in 2023, raised $295 million of new equity and debt capital, and provided initial full year 2024 earnings guidance of $2.29 to $2.31 per diluted share.
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Getty Realty Corp. to Report Fourth Quarter 2023 Financial Results

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Getty Realty Corp. (NYSE: GTY) will release its Q4 2023 financial results on February 14, 2024, followed by a conference call and webcast on February 15, 2024. Participants can dial 1-877-423-9813, or 1-201-689-8573 for international participants, or access the call via live webcast. A replay will be available from February 15-22, 2024.
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Getty Realty Corp. Announces 2023 Getty Gives Activity

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Getty Realty Corp. (NYSE: GTY) announced the results of its 2023 Getty Gives campaign, a corporate citizenship program that facilitates charitable giving and volunteerism. The program includes corporate donations to charitable organizations, company matching for employee donations, and additional paid time off for volunteer opportunities. In 2023, the company participated in a company-wide event with Rethink Food, made corporate donations to RxART and Remember Me Rescue NY, and matched over $4,500 in contributions to various charitable organizations.
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Getty Realty Corp. Announces Third Quarter 2023 Results

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Getty Realty Corp. reports strong Q3 results with net earnings of $0.31 per share and increases 2023 full-year earnings guidance. The company invested $269 million year-to-date and has a committed investment pipeline of over $95 million. They remain focused on convenience and automotive retail properties.
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FAQ

What is the current stock price of Getty Realty (GTY)?

The current stock price of Getty Realty (GTY) is $30.55 as of December 20, 2024.

What is the market cap of Getty Realty (GTY)?

The market cap of Getty Realty (GTY) is approximately 1.7B.

What does Getty Realty Corp specialize in?

Getty Realty Corp specializes in the ownership, leasing, and financing of convenience stores and gasoline station properties.

How many properties does Getty Realty Corp own?

Getty Realty Corp owns 932 properties located in 30 states across the U.S. and Washington, D.C.

What types of properties are included in Getty Realty's portfolio?

The portfolio includes convenience stores, gas stations, car washes, automotive service centers, automotive parts retailers, and drive-thru quick service restaurants.

Which brands operate under Getty Realty's properties?

Brands include 76, Aloha, BP, Citgo, Conoco, Exxon, Getty, Mobil, Shell, Sunoco, and Valero.

What type of leases does Getty Realty Corp use?

The company uses both unitary or master triple-net leases and single unit triple-net leases.

What redevelopment projects is Getty Realty currently involved in?

Getty Realty is redeveloping nine former convenience store and gasoline station properties into new convenience stores or alternative single-tenant net lease retail uses.

How does Getty Realty generate most of its revenue?

Getty Realty generates the majority of its revenue in the form of rental income.

What are some recent achievements of Getty Realty Corp?

The company has delivered record investment activity and strong financial results, and reaffirmed its 2024 full-year earnings outlook.

In which regions are Getty Realty Corp's properties located?

Getty Realty's properties are located in 30 states across the United States and Washington, D.C.

What financial outlook has Getty Realty Corp provided for 2024?

Getty Realty Corp has reaffirmed its 2024 full-year earnings outlook, reflecting its confidence in financial health and strategic direction.

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Getty Realty Corp.

NYSE:GTY

GTY Rankings

#2097 Ranked by Market Cap
#448 Ranked by Dividends

GTY Stock Data

1.67B
50.64M
8.21%
89.1%
3.97%
REIT - Retail
Real Estate
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United States of America
NEW YORK