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 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.
Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.41 per common share, payable on April 7, 2022. Shareholders of record as of March 24, 2022 will receive this payment. Getty Realty is a net lease REIT focused on acquiring and developing convenience and automotive retail properties. As of December 31, 2021, the company owned 1,028 properties across 38 states and Washington D.C.
Getty Realty Corp. (NYSE: GTY) reported its financial results for Q4 and full year 2021, exceeding guidance. Highlights include Q4 net earnings of $0.38 per share, FFO of $0.47, and AFFO of $0.51. For the full year, net earnings were $1.37 per share, with FFO at $1.88 and AFFO at $1.97. The company invested $200 million across 100 properties, with significant acquisitions in convenience and automotive real estate. For 2022, Getty has set AFFO guidance between $2.08 and $2.10 per share. The company continues to enhance its portfolio through strategic acquisitions and redevelopment projects.
Getty Realty Corp. (NYSE: GTY) has announced a private placement of $225 million of senior unsecured notes. This includes $100 million priced at 3.45% maturing on February 22, 2032, and $125 million at 3.65% maturing on January 20, 2033. Proceeds from the notes will be utilized to repay the revolving credit facility and fund investment activities. The financing is aimed at refinancing existing senior unsecured notes due in June 2023. The notes will not be registered under U.S. securities laws and are not available for public sale.
Getty Realty Corp. (NYSE: GTY) announced its 2021 dividend distribution allocations for common stock. The total distribution per share amounts to $1.560, with ordinary income at $0.390 per share, capital gains of $1.1397, and non-dividend distributions totaling $0.3344. The dividends are payable on January 7, 2021, following a record date of December 24, 2020. For investors, this continues to signify the company’s commitment to returning value through dividends.
Getty Realty Corp. (NYSE: GTY) is set to report its financial results for Q4 2021 on February 23, 2022, after market closure. A conference call will be hosted on February 24, 2022, at 8:30 a.m. EST, accessible via phone and live webcast. A replay of the call will be available later for those who cannot attend live. As of September 30, 2021, Getty Realty's portfolio includes 1,021 properties across 36 states and Washington, D.C., focusing on net lease retail and automotive real estate.
Getty Realty Corp. (NYSE: GTY) mourns the loss of its co-founder and former Chairman, Leo Liebowitz, who passed away on December 12, 2021. Mr. Liebowitz dedicated over 60 years to the company, significantly contributing to its transformation from a single gas station to a national real estate investment trust with over 1,000 leased properties. His leadership included roles as CEO and President, and he was known for his personal connection with employees. The company expresses heartfelt condolences to his family during this difficult time.
FAQ
What is the current stock price of Getty Realty (GTY)?
What is the market cap of Getty Realty (GTY)?
What does Getty Realty Corp specialize in?
How many properties does Getty Realty Corp own?
What types of properties are included in Getty Realty's portfolio?
Which brands operate under Getty Realty's properties?
What type of leases does Getty Realty Corp use?
What redevelopment projects is Getty Realty currently involved in?
How does Getty Realty generate most of its revenue?
What are some recent achievements of Getty Realty Corp?
In which regions are Getty Realty Corp's properties located?
What financial outlook has Getty Realty Corp provided for 2024?
