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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.

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Getty Realty Corp. (GTY) reported its financial results for Q2 2021, showing a net earnings increase to $12.9 million ($0.28/share) from $11.0 million ($0.26/share) in Q2 2020. Funds from Operations (FFO) rose to $22.0 million ($0.49/share) compared to $18.6 million ($0.44/share) the previous year. The company invested $44.1 million across 53 properties in Q2, contributing to an 11% rise in Adjusted Funds From Operations (AFFO) per share. Getty increased its 2021 AFFO guidance to $1.89-$1.91 per share due to strong capital market activities.

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Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.39 per common share, payable on October 7, 2021, to shareholders on record as of September 23, 2021. The company, a net lease REIT, focuses on the acquisition, financing, and development of single-tenant retail real estate. As of June 30, 2021, Getty owned 951 properties and leased 54 properties across 35 states and Washington, D.C.

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Getty Realty Corp. (NYSE: GTY) appointed Evelyn León Infurna as an independent director and member of its Nominating and Corporate Governance Committee, effective immediately. With over 30 years in real estate and corporate finance, Ms. Infurna is currently a Senior Vice President of Investor Relations at SmartRent.com Inc. and has significant experience with ICR, Citigroup, and various hedge funds. The company’s Chairman, Howard Safenowitz, expressed confidence in Infurna’s expertise in capital markets and real estate, highlighting her potential contributions to Getty's long-term success.

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Getty Realty Corp. (NYSE: GTY) will announce its financial results for Q2 2021 on July 28, 2021, after market close. A conference call is scheduled for July 29, 2021, at 8:30 a.m. EDT, with access via phone or live webcast. The company owns 951 properties and leases 56 properties across 36 states and Washington, D.C. This net lease REIT focuses on convenience and automotive retail real estate.

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Getty Realty Corp. (NYSE: GTY) announced that CEO Christopher J. Constant will present at Nareit’s REITweek: 2021 Investor Conference on June 8, 2021, at 9:30 am EDT. The company aims to provide an updated investor presentation ahead of the event. Mr. Constant expressed eagerness to share insights on investment activities, particularly in the convenience and automotive retail sectors. The virtual conference is free to attend, and registration is available online. Getty Realty Corp. specializes in real estate, owning 902 properties and leasing 58 across 35 states and Washington, D.C.

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Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.39 per common share, payable on July 8, 2021, to shareholders on record as of June 24, 2021. The company specializes in the real estate investment trust sector, focusing on acquisition, ownership, leasing, and redevelopment of convenience stores, gasoline stations, and related retail properties. As of March 31, 2021, Getty Realty owned 902 properties and leased 58 properties across 35 states and Washington, D.C.

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Getty Realty Corp. (NYSE: GTY) reported strong financial results for Q1 2021, with net earnings increasing to $17.9 million ($0.40 per share), up from $12.7 million ($0.30 per share) in Q1 2020. Funds From Operations (FFO) totaled $19.9 million ($0.44 per share), slightly down from $20.0 million ($0.47 per share) year-over-year. Adjusted Funds From Operations (AFFO) rose to $20.9 million ($0.47 per share), compared to $19.3 million ($0.46 per share) last year. The Company invested $30.3 million across nine properties and reaffirmed its 2021 AFFO guidance of $1.86 to $1.88 per share.

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Getty Realty Corp. (NYSE: GTY) is set to announce its financial results for Q1 2021 on April 28, 2021, post-market closure. The company will hold a conference call on April 29, 2021, at 8:30 a.m. EDT, allowing participants to join via phone or webcast. A replay of the call will be accessible from April 29 to May 6, 2021. With a portfolio of 901 owned properties and 58 leased, Getty Realty is a prominent player in the U.S. real estate investment trust sector, focused on convenience stores and automotive-related real estate.

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Getty Realty Corp. (NYSE:GTY) announced that Leo Liebowitz, its Chairman & Co-Founder, will retire from the Board effective February 23, 2021. Mr. Liebowitz served the company for over 50 years, previously holding roles as CEO and President. He co-founded Getty by acquiring a gas station in 1955 and led transformative acquisitions, including the Northeastern gasoline stations from Getty Oil. Under his leadership, the company evolved into a prominent real estate investment trust owning over 950 automotive-related properties. Christopher J. Constant praised his significant contributions.

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Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.39 per common share, set to be paid on April 8, 2021, to shareholders on record as of March 25, 2021. The company is a prominent real estate investment trust (REIT) in the U.S., focusing on the acquisition and management of convenience stores and automotive-related properties. As of December 31, 2020, Getty owned 901 properties and leased 58 properties in 35 states and Washington, D.C.

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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.

Getty Realty Corp.

NYSE:GTY

GTY Rankings

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