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) has officially allocated its 2022 dividend distributions for common stock, revealing a total distribution of $1.640000 per share, which includes $1.264124 as ordinary income. The dividends, detailed on Form 1099-DIV, were distributed across several record and payable dates from December 2021 to September 2022. Key dates include a record date of 12/23/2021 with a payable date of 1/6/2022. The company specializes in acquiring and developing retail real estate, operating 1,039 properties in 38 states and Washington, D.C. as of December 31, 2022.
Getty Realty Corp. (NYSE: GTY) reported its Q4 and full-year 2022 activities, highlighting a $157 million investment across 52 properties. As of December 31, 2022, the firm had a committed investment pipeline exceeding $100 million for 28 new projects. The Company plans to sell 3.7 million shares for $117.6 million via its ATM program. For 2023, Getty projects an AFFO of $2.19 to $2.21 per share. CEO Christopher J. Constant noted strong capital raises and investment activities despite market challenges.
Getty Realty Corp. (NYSE: GTY) will release its fourth-quarter financial results for the period ended December 31, 2022, on February 22, 2023, after market close. A conference call and webcast will follow on February 23, 2023, at 8:30 a.m. EDT, allowing investors to engage by dialing 1-877-423-9813 or accessing the call via the company's website. A replay will be available from 11:30 a.m. EDT on February 23 to 11:59 p.m. EDT on March 2, 2023. Getty Realty specializes in net lease retail real estate, maintaining a diverse portfolio of 1,021 properties across 38 states and D.C.
Getty Realty Corp. (NYSE: GTY) has announced the results of its 2022 Getty Gives campaign, aimed at enhancing its ESG initiatives. Launched in June 2022, this program allows employees to support charitable causes via corporate donations, matching funds, and volunteer time. In 2022, Getty contributed $10,000 each to the NACS Foundation and SCO Family of Services, alongside over $5,000 in employee donation matching. As of September 30, 2022, Getty Realty owns 1,021 properties across 38 states and Washington D.C.
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.
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