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.
Getty Realty Corp. (NYSE: GTY) reported its Q3 2022 financial results, highlighting a net earnings of $0.27 per share and Funds From Operations (FFO) of $0.50 per share. The company expanded its investment pipeline to over $150 million for the acquisition and development of 44 properties. Base rental income increased by 7.4% and 8.0% for Q3 and YTD September respectively. A $16,617 credit from environmental obligation removal improved net earnings. Full-year AFFO guidance is raised to $2.12 - $2.13 per diluted share.
Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.43 per common share, marking a 4.9% increase from the previous quarter. This dividend is scheduled for payment on January 5, 2023, to shareholders on record as of December 22, 2022. The company operates a portfolio of 1,024 properties across 38 states and Washington, D.C., focusing on net lease real estate.
Getty Realty Corp. (NYSE: GTY) will announce its third-quarter financial results for the period ending September 30, 2022, after the market closes on October 26, 2022. The company plans to host a conference call and webcast on October 27, 2022, at 8:30 a.m. ET, accessible via phone or the company's investor website. A replay will be available starting the same day at 11:30 a.m. ET until November 3, 2022. Getty Realty is a net lease REIT focusing on convenience and automotive retail properties, with 1,024 properties across 38 states and Washington, D.C. as of June 30, 2022.
Getty Realty Corp. (GTY) reported strong financial results for Q2 2022, with net earnings of $0.64 per share and Funds From Operations (FFO) of $0.83 per share. The company invested $50.5 million in 17 properties and has committed over $125 million for further development and acquisition. Base rental income rose significantly by 8.1% and 8.4% for the three and six months ended June 30, respectively. Despite an increase in general administrative expenses, overall performance reflects stability and growth in cash flows from its strategic investments.
Getty Realty Corp. (NYSE: GTY) announced a cash dividend of $0.41 per common share, payable on October 6, 2022, to shareholders of record as of September 22, 2022. This dividend reflects the company's ongoing commitment to return value to its shareholders. Getty Realty specializes in the acquisition and management of single-tenant retail properties, boasting a portfolio of 1,014 properties across 38 states and Washington, D.C., as of March 31, 2022.
Getty Realty Corp. (NYSE: GTY) will announce its financial results for Q2 2022, concluding on June 30, after the market closes on July 27, 2022. Following this, a conference call will be held on July 28, 2022, at 8:30 a.m. EDT. Participants can join by phone or via a live webcast on their investor relations website. A replay of the call will be available starting July 28 at 11:30 a.m. EDT until August 4, 2022. Getty Realty specializes in net lease real estate, managing a portfolio of 1,014 properties across 38 states and Washington, D.C.
Getty Realty Corp. (NYSE: GTY) has released its first Corporate Responsibility Report, detailing its environmental, social, and governance (ESG) practices. The report, prepared with assistance from Antea® Group, aligns with Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks. President & CEO Christopher J. Constant stated that this report marks a significant milestone and emphasizes the company's ongoing commitment to responsible corporate citizenship. The report is accessible on Getty's website.
Getty Realty Corp. (NYSE: GTY) reported its Q1 2022 financial results, highlighting net earnings of $0.39 per share and increased Funds From Operations (FFO) of $0.49 per share. The company has raised its 2022 AFFO guidance to between $2.10 and $2.12 per share, up from a prior range of $2.08 to $2.10. Getty invested $8.8 million in five properties during the quarter and an additional $44 million in 12 properties post-quarter. The portfolio consists of 1,014 properties across 38 states. A conference call is scheduled for April 28, 2022, to discuss these results in further detail.
Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.41 per common share, scheduled for payment on July 7, 2022. The record date for this dividend is June 23, 2022. Getty Realty is a net lease REIT focusing on convenience, automotive, and single-tenant retail real estate. As of December 31, 2021, its portfolio comprised 1,028 freestanding properties located in 38 states and Washington, D.C.
Getty Realty Corp. (NYSE: GTY) will disclose its financial results for Q1 2022 on April 27, 2022, after market close. The company will hold a conference call on April 28, 2022, at 8:30 a.m. EDT, accessible via phone or live webcast. Participants can access a replay of the call starting from 11:30 a.m. EDT on the same day until May 5, 2022. Getty Realty specializes in net lease real estate, with a portfolio of 1,028 properties across 38 states and Washington, D.C. as of December 31, 2021.
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