Getty Realty Key Executives
This section highlights Getty Realty's key executives, including their titles and compensation details.
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Getty Realty Earnings
This section highlights Getty Realty's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-13 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-10-24 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-07-25 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-04-26 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-15 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-10-26 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-07-27 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-04-27 | N/A | N/A |
Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. As of September 30, 2020, the Company owned 896 properties and leased 58 properties from third-party landlords in 35 states across the United States and Washington, D.C.
$30.61
Stock Price
$1.68B
Market Cap
29
Employees
Jericho, NY
Location
Financial Statements
Access annual & quarterly financial statements for Getty Realty, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $203.39M | $185.85M | $165.59M | $155.41M | $147.35M |
| Cost of Revenue | $14.86M | $23.79M | $21.55M | $22.05M | $23.52M |
| Gross Profit | $188.53M | $162.06M | $144.03M | $133.36M | $123.83M |
| Gross Profit Ratio | 92.69% | 87.20% | 86.98% | 85.80% | 84.04% |
| Research and Development Expenses | $- | $- | $1 | $0 | $0 |
| General and Administrative Expenses | $25.27M | $23.73M | $20.62M | $-20.15M | $17.29M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $25.27M | $23.73M | $20.62M | $-20.15M | $17.29M |
| Other Expenses | $53.50M | $47.17M | $19.00M | $-39.07M | $31.25M |
| Operating Expenses | $78.76M | $70.91M | $39.62M | $-59.22M | $48.54M |
| Cost and Expenses | $93.62M | $94.70M | $61.17M | $-81.27M | $72.06M |
| Interest Income | $- | $- | $27.66M | $24.67M | $26.09M |
| Interest Expense | $39.27M | $31.53M | $27.66M | $24.67M | $26.09M |
| Depreciation and Amortization | $60.42M | $51.34M | $61.17M | $81.27M | $72.06M |
| EBITDA | $170.76M | $143.02M | $163.01M | $127.83M | $129.56M |
| EBITDA Ratio | 83.96% | 76.96% | 87.40% | 152.98% | 85.92% |
| Operating Income | $109.77M | $91.15M | $117.29M | $273.27M | $75.58M |
| Operating Income Ratio | 53.97% | 49.04% | 70.83% | 175.84% | 51.29% |
| Total Other Income Expenses Net | $-38.71M | $-31.00M | $-27.25M | $-23.60M | $-6.19M |
| Income Before Tax | $71.06M | $60.15M | $90.04M | $234.20M | $69.39M |
| Income Before Tax Ratio | 34.94% | 32.37% | 54.38% | 150.70% | 47.09% |
| Income Tax Expense | $- | $- | $-12.88M | $232.60M | $47.21M |
| Net Income | $71.06M | $60.15M | $90.04M | $1.59M | $22.17M |
| Net Income Ratio | 34.94% | 32.37% | 54.38% | 1.03% | 15.05% |
| EPS | $1.36 | $1.16 | $1.88 | $0.04 | $0.53 |
| EPS Diluted | $1.35 | $1.15 | $1.88 | $0.04 | $0.53 |
| Weighted Average Shares Outstanding | 54.30M | 50.02M | 46.73M | 44.78M | 42.04M |
| Weighted Average Shares Outstanding Diluted | 54.55M | 50.22M | 46.84M | 44.82M | 42.07M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.02M | $51.47M | $49.94M | $48.97M | $47.64M | $50.49M | $44.70M | $43.02M | $43.12M | $41.97M | $41.18M | $39.32M | $39.35M | $40.10M | $38.68M | $37.28M | $37.08M | $37.90M | $37.00M | $35.36M |
| Cost of Revenue | $3.25M | $3.93M | $17.36M | $16.36M | $5.57M | $8.71M | $4.81M | $4.70M | $5.88M | $5.72M | $5.32M | $4.63M | $4.67M | $6.54M | $5.56M | $5.27M | $5.55M | $6.64M | $6.39M | $4.93M |
| Gross Profit | $49.77M | $47.54M | $32.58M | $32.62M | $42.07M | $41.78M | $39.89M | $38.32M | $37.24M | $36.25M | $35.85M | $34.70M | $34.68M | $33.56M | $33.11M | $32.01M | $31.52M | $31.26M | $30.61M | $30.43M |
| Gross Profit Ratio | 93.88% | 92.40% | 65.20% | 66.60% | 88.30% | 82.70% | 89.20% | 89.10% | 86.40% | 86.40% | 87.10% | 88.20% | 88.10% | 83.70% | 85.60% | 85.90% | 85.02% | 82.48% | 82.73% | 86.04% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $6.49M | $5.95M | $6.17M | $6.66M | $5.79M | $5.75M | $5.91M | $6.29M | $5.21M | $5.02M | $5.26M | $5.13M | $-4.85M | $4.74M | $5.05M | $5.51M | $4.53M | $4.15M | $4.54M | $4.07M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $6.49M | $5.95M | $6.17M | $6.66M | $5.79M | $5.75M | $5.91M | $6.29M | $5.21M | $5.02M | $5.26M | $5.13M | $-4.85M | $4.74M | $5.05M | $5.51M | $4.53M | $4.15M | $4.54M | $4.07M |
| Other Expenses | $10.62M | $16.41M | $180.00K | $-6.64M | $191.00K | $89.00K | $6.00K | $10.75M | $4.90M | $10.59M | $-5.99M | $9.49M | $649.00K | $154.00K | $208.00K | $64.00K | $20.20M | $376.00K | $61.00K | $495.00K |
| Operating Expenses | $17.11M | $22.36M | $19.39M | $6.64M | $18.79M | $17.35M | $17.12M | $17.03M | $10.11M | $15.62M | $-726.00K | $14.62M | $-16.59M | $14.39M | $13.78M | $14.46M | $12.65M | $11.81M | $12.70M | $11.39M |
| Cost and Expenses | $20.36M | $24.14M | $23.37M | $22.99M | $24.36M | $26.06M | $21.93M | $21.73M | $16.00M | $21.34M | $4.60M | $19.24M | $-21.26M | $20.93M | $19.34M | $19.73M | $18.20M | $18.45M | $19.09M | $16.32M |
| Interest Income | $- | $- | $- | $- | $8.83M | $8.08M | $7.10M | $7.51M | $7.31M | $6.91M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $10.42M | $10.05M | $9.66M | $9.13M | $8.83M | $8.08M | $7.10M | $7.51M | $7.31M | $6.91M | $6.91M | $6.54M | $6.21M | $6.18M | $6.16M | $6.13M | $6.02M | $6.71M | $6.68M | $6.67M |
| Depreciation and Amortization | $16.18M | $13.96M | $13.37M | $12.65M | $12.72M | $11.29M | $10.86M | $10.43M | $10.39M | $9.96M | $9.92M | $9.63M | $9.54M | $8.89M | $8.65M | $8.44M | $8.13M | $7.63M | $8.29M | $7.97M |
| EBITDA | $48.90M | $39.14M | $39.94M | $38.63M | $36.00M | $35.31M | $31.49M | $31.78M | $37.55M | $30.14M | $47.26M | $34.82M | $27.64M | $28.93M | $27.48M | $32.43M | $27.01M | $25.85M | $25.95M | $27.35M |
| EBITDA Ratio | 92.23% | 76.05% | 79.97% | 78.88% | 79.33% | 70.92% | 75.26% | 74.39% | 87.09% | 72.97% | 113.54% | 75.78% | 155.66% | 70.36% | 72.88% | 69.88% | 127.32% | 72.47% | 70.98% | 77.79% |
| Operating Income | $32.66M | $25.18M | $26.56M | $25.98M | $25.15M | $24.03M | $20.62M | $21.35M | $27.16M | $20.18M | $37.34M | $25.20M | $23.59M | $20.04M | $18.84M | $23.99M | $20.89M | $18.21M | $17.59M | $18.88M |
| Operating Income Ratio | 61.60% | 48.93% | 53.20% | 53.04% | 52.78% | 47.59% | 46.14% | 49.63% | 63.00% | 48.07% | 90.67% | 64.08% | 59.95% | 49.97% | 48.70% | 64.36% | 56.35% | 48.05% | 47.54% | 53.39% |
| Total Other Income Expenses Net | $-10.36M | $-9.85M | $-9.48M | $-9.02M | $-8.63M | $-7.99M | $-7.10M | $-7.27M | $-7.27M | $-6.87M | $-6.66M | $-6.45M | $-5.56M | $-6.03M | $-5.95M | $-6.07M | $12.94M | $-6.33M | $-6.62M | $-6.18M |
| Income Before Tax | $22.30M | $15.34M | $16.71M | $16.72M | $16.51M | $16.03M | $13.52M | $14.08M | $27.31M | $13.30M | $30.68M | $18.75M | $63.89M | $14.01M | $12.89M | $17.93M | $33.83M | $11.88M | $10.97M | $12.70M |
| Income Before Tax Ratio | 42.05% | 29.80% | 33.46% | 34.15% | 34.66% | 31.76% | 30.26% | 32.73% | 63.34% | 31.70% | 74.50% | 47.68% | 162.36% | 34.94% | 33.33% | 48.09% | 91.25% | 31.35% | 29.65% | 35.91% |
| Income Tax Expense | $- | $- | $1 | $1 | $9.02M | $8.17M | $7.11M | $-22.00K | $-7.46M | $454.00K | $-758.00K | $-5.12M | $-5.49M | $-874.00K | $497.00K | $-6.44M | $-782.00K | $1.24M | $320.00K | $162.00K |
| Net Income | $22.30M | $15.34M | $16.71M | $16.72M | $16.51M | $16.03M | $13.52M | $14.08M | $27.31M | $13.30M | $30.68M | $18.75M | $18.03M | $14.01M | $12.89M | $17.93M | $33.83M | $11.88M | $10.97M | $12.70M |
| Net Income Ratio | 42.05% | 29.80% | 33.46% | 34.15% | 34.66% | 31.76% | 30.26% | 32.73% | 63.34% | 31.70% | 74.50% | 47.68% | 45.82% | 34.94% | 33.33% | 48.09% | 91.25% | 31.35% | 29.65% | 35.91% |
| EPS | $0.42 | $0.27 | $0.30 | $0.30 | $0.30 | $0.31 | $0.26 | $0.29 | $0.57 | $0.28 | $0.66 | $0.40 | $0.39 | $0.30 | $0.28 | $0.40 | $0.77 | $0.27 | $0.26 | $0.30 |
| EPS Diluted | $0.41 | $0.27 | $0.30 | $0.30 | $0.30 | $0.31 | $0.26 | $0.28 | $0.57 | $0.28 | $0.66 | $0.40 | $0.38 | $0.30 | $0.28 | $0.40 | $0.77 | $0.27 | $0.26 | $0.30 |
| Weighted Average Shares Outstanding | 55.02M | 54.25M | 53.98M | 53.96M | 52.78M | 50.62M | 49.62M | 46.99M | 46.73M | 46.73M | 46.73M | 46.72M | 45.84M | 44.95M | 44.44M | 43.87M | 43.08M | 42.23M | 41.46M | 41.38M |
| Weighted Average Shares Outstanding Diluted | 55.67M | 54.62M | 54.01M | 53.97M | 52.88M | 50.71M | 49.99M | 47.57M | 46.89M | 46.78M | 46.76M | 46.74M | 45.94M | 45.02M | 44.47M | 43.88M | 43.12M | 42.25M | 41.47M | 41.39M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $9.48M | $3.31M | $8.71M | $24.74M | $55.08M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $9.48M | $3.31M | $8.71M | $24.74M | $55.08M |
| Net Receivables | $64.06M | $171.44M | $88.95M | $65.17M | $59.25M |
| Inventory | $- | $- | $6.29M | $5.34M | $872.00K |
| Other Current Assets | $4.38M | $- | $6.29M | $88.11M | $73.34M |
| Total Current Assets | $107.38M | $179.16M | $200.51M | $178.01M | $188.54M |
| Property Plant Equipment Net | $12.47M | $14.74M | $18.47M | $21.47M | $25.08M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $171.13M | $100.31M | $74.01M | $39.09M | $52.89M |
| Goodwill and Intangible Assets | $171.13M | $100.31M | $74.01M | $39.09M | $52.89M |
| Long Term Investments | $- | $- | $-1.56B | $71.65M | $77.24M |
| Tax Assets | $- | $- | $1.56B | $-39.09M | $-52.89M |
| Other Non-Current Assets | $- | $1.47B | $1.27B | $1.20B | $1.06B |
| Total Non-Current Assets | $183.60M | $1.58B | $1.36B | $1.29B | $1.16B |
| Other Assets | $1.68B | $59.96M | $- | $- | $- |
| Total Assets | $1.97B | $1.82B | $1.56B | $1.47B | $1.35B |
| Account Payables | $45.21M | $27.39M | $4.08M | $6.65M | $10.96M |
| Short Term Debt | $82.50M | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- |
| Other Current Liabilities | $26.54M | $54.25M | $130.24M | $106.36M | $78.45M |
| Total Current Liabilities | $154.25M | $81.64M | $134.32M | $125.41M | $89.41M |
| Long Term Debt | $836.40M | $769.21M | $714.97M | $608.84M | $577.41M |
| Deferred Revenue Non-Current | $- | $- | $802.45M | $721.84M | $689.91M |
| Deferred Tax Liabilities Non-Current | $- | $- | $18.18M | $25.31M | $29.58M |
| Other Non-Current Liabilities | $20.94M | $19.40M | $-55.91M | $-12.40M | $23.08M |
| Total Non-Current Liabilities | $857.35M | $788.61M | $668.12M | $596.43M | $600.50M |
| Other Liabilities | $- | $-3.50M | $- | $- | $- |
| Total Liabilities | $1.01B | $866.75M | $802.45M | $721.84M | $689.91M |
| Preferred Stock | $- | $- | $62.96M | $73.57M | $63.44M |
| Common Stock | $550.00K | $540.00K | $467.00K | $467.00K | $436.00K |
| Retained Earnings | $- | $-94.10M | $-62.96M | $-73.57M | $-63.44M |
| Accumulated Other Comprehensive Income Loss | $-1.86M | $-4.02M | $-62.96M | $-73.57M | $-63.44M |
| Other Total Stockholders Equity | $963.40M | $1.05B | $822.34M | $818.21M | $722.61M |
| Total Stockholders Equity | $962.08M | $955.55M | $759.85M | $745.11M | $659.60M |
| Total Equity | $962.08M | $955.55M | $1.46B | $1.32B | $1.18B |
| Total Liabilities and Stockholders Equity | $1.97B | $1.82B | $1.56B | $1.47B | $1.35B |
| Minority Interest | $- | $- | $703.72M | $579.64M | $519.23M |
| Total Liabilities and Total Equity | $1.97B | $1.82B | $1.56B | $1.47B | $1.35B |
| Total Investments | $- | $-1.82B | $-1.56B | $71.65M | $77.24M |
| Total Debt | $918.90M | $772.74M | $714.97M | $608.84M | $577.41M |
| Net Debt | $909.42M | $769.44M | $706.26M | $584.10M | $522.34M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $9.48M | $4.01M | $7.08M | $12.93M | $3.31M | $5.50M | $8.87M | $22.07M | $8.71M | $11.45M | $20.06M | $56.98M | $24.74M | $7.28M | $19.02M | $31.83M | $55.08M | $58.34M | $25.11M | $35.92M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $9.48M | $4.01M | $7.08M | $12.93M | $3.31M | $5.50M | $8.87M | $22.07M | $8.71M | $11.45M | $20.06M | $56.98M | $24.74M | $7.28M | $19.02M | $31.83M | $55.08M | $58.34M | $25.11M | $35.92M |
| Net Receivables | $64.06M | $100.64M | $124.84M | $125.37M | $171.44M | $167.25M | $128.83M | $102.57M | $88.95M | $79.18M | $72.31M | $66.31M | $65.17M | $68.85M | $70.42M | $66.57M | $59.25M | $74.62M | $76.50M | $72.20M |
| Inventory | $- | $- | $- | $1 | $181.14M | $4.93M | $3.92M | $4.02M | $6.29M | $1.83M | $2.02M | $1.88M | $5.34M | $111.00K | $1.79M | $1.98M | $872.00K | $2.01M | $2.01M | $2.01M |
| Other Current Assets | $4.38M | $18.86M | $16.04M | $17.75M | $4.41M | $109.94M | $96.89M | $97.03M | $6.29M | $84.33M | $86.12M | $93.75M | $88.11M | $78.37M | $75.14M | $71.88M | $73.34M | $67.88M | $66.07M | $66.78M |
| Total Current Assets | $107.38M | $123.52M | $145.60M | $153.79M | $179.16M | $282.69M | $234.59M | $221.66M | $200.51M | $174.96M | $178.49M | $217.04M | $178.01M | $154.61M | $164.59M | $170.28M | $188.54M | $200.83M | $167.68M | $174.90M |
| Property Plant Equipment Net | $12.47M | $12.95M | $13.43M | $14.00M | $14.74M | $15.34M | $15.96M | $17.57M | $18.47M | $19.15M | $20.10M | $20.78M | $21.47M | $22.17M | $23.57M | $24.17M | $25.08M | $18.03M | $18.83M | $20.27M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $171.13M | $121.45M | $118.20M | $109.46M | $100.31M | $- | $- | $- | $74.01M | $- | $- | $- | $39.09M | $- | $- | $- | $52.89M | $- | $- | $- |
| Goodwill and Intangible Assets | $171.13M | $121.45M | $118.20M | $109.46M | $100.31M | $- | $- | $- | $74.01M | $- | $- | $- | $39.09M | $- | $- | $- | $52.89M | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $71.65M | $72.82M | $74.89M | $76.09M | $77.24M | $78.70M | $79.77M | $80.81M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-39.09M | $- | $- | $- | $-52.89M | $- | $- | $- |
| Other Non-Current Assets | $- | $- | $1.61B | $1.57B | $1.53B | $1.48B | $1.39B | $1.38B | $1.27B | $1.30B | $1.30B | $1.26B | $1.20B | $1.15B | $1.10B | $1.07B | $1.06B | $1.03B | $998.52M | $993.49M |
| Total Non-Current Assets | $183.60M | $134.41M | $1.75B | $1.70B | $1.64B | $1.50B | $1.40B | $1.39B | $1.36B | $1.31B | $1.32B | $1.28B | $1.29B | $1.25B | $1.20B | $1.17B | $1.16B | $1.12B | $1.10B | $1.09B |
| Other Assets | $1.68B | $1.64B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.97B | $1.90B | $1.89B | $1.85B | $1.82B | $1.78B | $1.64B | $1.62B | $1.56B | $1.49B | $1.50B | $1.50B | $1.47B | $1.40B | $1.36B | $1.34B | $1.35B | $1.32B | $1.26B | $1.27B |
| Account Payables | $45.21M | $42.94M | $40.22M | $40.35M | $2.54M | $41.22M | $40.57M | $41.25M | $4.08M | $42.77M | $42.68M | $42.32M | $6.65M | $42.12M | $44.31M | $43.89M | $10.96M | $59.82M | $58.61M | $58.88M |
| Short Term Debt | $82.50M | $12.50M | $1.85M | $2.71M | $10.00M | $- | $- | $- | $- | $- | $- | $- | $- | $42.50M | $20.31M | $- | $- | $110.00M | $75.00M | $85.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $49.72M | $25.30M | $- | $- | $-2.48M | $-204.00K | $- | $-671.00K | $-727.00K | $-783.00K | $- | $- | $- | $-3.73M | $- | $- | $- | $- |
| Other Current Liabilities | $26.54M | $25.42M | $96.00M | $72.24M | $69.10M | $98.21M | $22.26M | $20.97M | $130.24M | $19.62M | $19.62M | $19.62M | $106.36M | $18.04M | $14.97M | $17.69M | $78.45M | $16.11M | $15.77M | $15.63M |
| Total Current Liabilities | $154.25M | $80.86M | $82.77M | $115.30M | $81.64M | $139.43M | $62.84M | $62.22M | $134.32M | $62.38M | $62.30M | $61.94M | $125.41M | $102.66M | $79.59M | $61.58M | $89.41M | $185.93M | $149.38M | $159.51M |
| Long Term Debt | $836.40M | $836.80M | $854.53M | $812.32M | $769.21M | $764.51M | $689.30M | $690.47M | $714.97M | $644.13M | $644.14M | $643.88M | $608.84M | $590.42M | $565.84M | $547.89M | $577.41M | $578.51M | $543.36M | $553.81M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $20.94M | $20.81M | $-51.77M | $-52.59M | $19.40M | $-51.14M | $- | $- | $-55.91M | $- | $- | $- | $-12.40M | $6.90M | $33.24M | $- | $23.08M | $-58.69M | $-22.44M | $-30.33M |
| Total Non-Current Liabilities | $857.35M | $857.62M | $858.07M | $784.10M | $785.11M | $713.37M | $714.23M | $716.70M | $668.12M | $674.96M | $676.32M | $694.48M | $596.43M | $597.32M | $599.08M | $600.35M | $600.50M | $519.82M | $520.91M | $523.48M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.01B | $938.47M | $940.84M | $899.40M | $866.75M | $852.80M | $777.07M | $778.92M | $802.45M | $737.34M | $738.61M | $756.42M | $721.84M | $699.98M | $678.67M | $661.93M | $689.91M | $705.75M | $670.29M | $683.00M |
| Preferred Stock | $- | $- | $110.66M | $- | $94.10M | $85.76M | $78.58M | $69.84M | $62.96M | $69.69M | $63.38M | $74.44M | $73.57M | $72.13M | $68.10M | $1 | $63.44M | $79.94M | $75.71M | $70.92M |
| Common Stock | $550.00K | $550.00K | $542.00K | $540.00K | $540.00K | $527.00K | $505.00K | $495.00K | $467.00K | $467.00K | $467.00K | $467.00K | $467.00K | $453.00K | $447.00K | $444.00K | $436.00K | $427.00K | $418.00K | $414.00K |
| Retained Earnings | $- | $-120.75M | $-110.66M | $-102.33M | $-94.10M | $-85.76M | $-78.58M | $-69.84M | $-62.96M | $-69.69M | $-63.38M | $-74.44M | $-73.57M | $-72.13M | $-68.10M | $-63.21M | $-63.44M | $-79.94M | $-75.72M | $-70.92M |
| Accumulated Other Comprehensive Income Loss | $-1.86M | $-3.97M | $-1.05M | $-1.57M | $-4.02M | $-85.76M | $-78.58M | $-69.84M | $-62.96M | $-69.69M | $-63.38M | $-74.44M | $-73.57M | $-72.13M | $-68.10M | $743.75M | $-63.44M | $-79.94M | $-75.71M | $-70.92M |
| Other Total Stockholders Equity | $963.40M | $1.09B | $1.06B | $1.05B | $1.05B | $1.01B | $938.16M | $905.56M | $822.34M | $821.15M | $819.98M | $818.79M | $818.21M | $773.90M | $753.42M | $743.30M | $722.61M | $697.30M | $669.80M | $656.98M |
| Total Stockholders Equity | $962.08M | $963.39M | $951.03M | $950.15M | $955.55M | $925.91M | $860.09M | $836.21M | $759.85M | $751.93M | $757.07M | $744.82M | $745.11M | $702.22M | $685.77M | $680.54M | $659.60M | $617.79M | $594.51M | $586.48M |
| Total Equity | $962.08M | $963.39M | $951.03M | $950.15M | $955.55M | $925.91M | $860.09M | $836.21M | $759.85M | $751.93M | $757.07M | $744.82M | $745.11M | $702.22M | $685.77M | $680.54M | $659.60M | $617.79M | $594.51M | $586.48M |
| Total Liabilities and Stockholders Equity | $1.97B | $1.90B | $1.89B | $1.85B | $1.82B | $1.78B | $1.64B | $1.62B | $1.56B | $1.49B | $1.50B | $1.50B | $1.47B | $1.40B | $1.36B | $1.34B | $1.35B | $1.32B | $1.26B | $1.27B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.97B | $1.90B | $1.89B | $1.85B | $1.82B | $1.78B | $1.64B | $1.62B | $1.56B | $1.49B | $1.50B | $1.50B | $1.47B | $1.40B | $1.36B | $1.34B | $1.35B | $1.32B | $1.26B | $1.27B |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $71.65M | $72.82M | $74.89M | $76.09M | $77.24M | $78.70M | $79.77M | $80.81M |
| Total Debt | $918.90M | $849.30M | $854.62M | $812.43M | $772.74M | $765.66M | $691.32M | $693.68M | $714.97M | $645.74M | $646.77M | $647.52M | $608.84M | $592.06M | $568.65M | $551.63M | $577.41M | $580.79M | $546.64M | $558.13M |
| Net Debt | $909.42M | $845.29M | $847.53M | $799.50M | $769.44M | $760.16M | $682.45M | $671.61M | $706.26M | $634.29M | $626.71M | $590.54M | $584.10M | $584.78M | $549.62M | $519.79M | $522.34M | $522.46M | $521.53M | $522.20M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $71.06M | $60.15M | $90.04M | $62.86M | $69.39M |
| Depreciation and Amortization | $54.98M | $51.34M | $45.31M | $40.29M | $34.09M |
| Deferred Income Tax | $- | $- | $- | $-12.45M | $1.31M |
| Stock Based Compensation | $5.93M | $5.58M | $4.78M | $4.00M | $3.13M |
| Change in Working Capital | $-197.00K | $-10.01M | $-32.96M | $-7.83M | $-25.08M |
| Accounts Receivables | $- | $-1.10M | $-784.00K | $60.00K | $-1.05M |
| Inventory | $- | $- | $- | $554.00K | $13.29M |
| Accounts Payables | $- | $-471.00K | $-2.12M | $-554.00K | $-13.29M |
| Other Working Capital | $-197.00K | $-8.44M | $-30.05M | $-7.89M | $-24.03M |
| Other Non Cash Items | $-1.28M | $-1.76M | $-14.08M | $-60.00K | $-9.00K |
| Net Cash Provided by Operating Activities | $130.50M | $105.30M | $93.09M | $86.82M | $82.83M |
| Investments in Property Plant and Equipment | $-878.00K | $-309.00K | $- | $-271.00K | $-282.00K |
| Acquisitions Net | $- | $- | $- | $169.69M | $127.17M |
| Purchases of Investments | $- | $- | $-164.91M | $-205.05M | $-155.56M |
| Sales Maturities of Investments | $- | $- | $26.68M | $35.36M | $28.39M |
| Other Investing Activities | $-199.59M | $-310.40M | $-823.00K | $-169.46M | $-127.14M |
| Net Cash Used for Investing Activities | $-200.47M | $-310.70M | $-139.06M | $-169.73M | $-127.42M |
| Debt Repayment | $147.24M | $64.66M | $109.51M | $34.35M | $79.35M |
| Common Stock Issued | $30.96M | $226.23M | $- | $92.28M | $63.19M |
| Common Stock Repurchased | $- | $-1.00M | $- | $-730.00K | $-257.00K |
| Dividends Paid | $-100.21M | $-86.96M | $-78.26M | $-70.77M | $-62.63M |
| Other Financing Activities | $711.00K | $-4.48M | $-284.00K | $-3.55M | $-1.93M |
| Net Cash Used Provided by Financing Activities | $78.30M | $199.44M | $30.76M | $52.32M | $77.98M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $8.33M | $-5.96M | $-15.21M | $-30.59M | $33.39M |
| Cash at End of Period | $13.62M | $5.29M | $11.25M | $26.46M | $57.05M |
| Cash at Beginning of Period | $5.29M | $11.25M | $26.46M | $57.05M | $23.66M |
| Operating Cash Flow | $130.50M | $105.30M | $93.09M | $86.82M | $82.83M |
| Capital Expenditure | $-878.00K | $-309.00K | $- | $-271.00K | $-282.00K |
| Free Cash Flow | $129.63M | $104.99M | $93.09M | $86.55M | $82.55M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $22.30M | $15.34M | $16.71M | $16.72M | $16.51M | $16.03M | $13.52M | $14.08M | $27.31M | $13.30M | $30.68M | $18.75M | $18.03M | $14.01M | $12.89M | $17.93M | $33.83M | $11.88M | $10.97M | $12.70M |
| Depreciation and Amortization | $16.18M | $15.22M | $13.37M | $12.65M | $14.32M | $12.80M | $12.33M | $11.88M | $11.82M | $11.33M | $11.25M | $10.91M | $10.81M | $10.14M | $9.82M | $9.53M | $9.19M | $8.63M | $8.29M | $7.97M |
| Deferred Income Tax | $- | $- | $- | $- | $-2.06M | $403.00K | $2.15M | $- | $- | $- | $- | $- | $-5.63M | $-874.00K | $497.00K | $-6.44M | $-414.00K | $1.24M | $320.00K | $162.00K |
| Stock Based Compensation | $1.44M | $1.56M | $1.56M | $1.37M | $1.42M | $1.44M | $1.44M | $1.27M | $1.23M | $1.23M | $1.23M | $1.08M | $1.02M | $1.04M | $1.03M | $905.00K | $663.00K | $867.00K | $868.00K | $732.00K |
| Change in Working Capital | $2.73M | $1.40M | $-2.93M | $-1.40M | $-25.00K | $-3.54M | $-2.43M | $-4.01M | $-7.19M | $-1.44M | $-19.57M | $-4.76M | $3.85M | $-5.66M | $-3.52M | $-2.49M | $-14.33M | $-1.71M | $-5.40M | $-3.64M |
| Accounts Receivables | $- | $1.99M | $-1.64M | $2.25M | $1.32M | $-2.31M | $-160.00K | $46.00K | $92.00K | $-696.00K | $-900.00K | $720.00K | $760.00K | $-1.09M | $-824.00K | $1.22M | $404.00K | $-407.00K | $-2.51M | $1.46M |
| Inventory | $- | $- | $- | $- | $-235.00K | $-1.06M | $278.00K | $- | $- | $-573.00K | $136.00K | $3.10M | $5.42M | $- | $- | $-477.00K | $1.20M | $- | $- | $-188.00K |
| Accounts Payables | $- | $-598.00K | $321.00K | $-2.79M | $235.00K | $1.06M | $-278.00K | $-1.49M | $-2.12M | $573.00K | $-136.00K | $-3.10M | $-554.00K | $-3.17M | $-244.00K | $-2.31M | $-13.29M | $- | $- | $-2.80M |
| Other Working Capital | $2.73M | $13.00K | $-1.61M | $-855.00K | $-1.35M | $-1.24M | $-2.27M | $-2.57M | $-5.16M | $-747.00K | $-18.66M | $-5.49M | $-1.79M | $-4.57M | $-2.70M | $-921.00K | $-2.64M | $-1.30M | $-2.90M | $-2.11M |
| Other Non Cash Items | $-6.45M | $1.11M | $30.63M | $27.82M | $646.00K | $-1.19M | $-913.00K | $-803.00K | $-7.96M | $44.00K | $-1.02M | $-5.15M | $50.00K | $23.00K | $-117.00K | $-16.00K | $283.00K | $-107.00K | $-134.00K | $-51.00K |
| Net Cash Provided by Operating Activities | $36.19M | $34.63M | $29.73M | $29.95M | $30.82M | $25.95M | $26.11M | $22.42M | $25.21M | $24.46M | $22.58M | $20.83M | $28.13M | $18.68M | $20.60M | $19.41M | $29.22M | $20.82M | $14.91M | $17.87M |
| Investments in Property Plant and Equipment | $- | $-208.00K | $-168.00K | $-182.00K | $-124.00K | $-44.00K | $- | $-141.00K | $- | $- | $- | $- | $271.00K | $-57.00K | $-38.00K | $-176.00K | $-116.00K | $-143.00K | $-23.00K | $- |
| Acquisitions Net | $- | $- | $- | $- | $57.20M | $153.49M | $- | $50.87M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $-72.53M | $-98.47M | $-81.34M | $-166.84M | $-50.22M | $-65.91M | $-91.16M | $-14.64M | $-50.37M | $-8.73M | $-65.95M | $-64.41M | $-44.17M | $-30.53M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $12.50M | $62.24M | $24.27M | $13.35M | $716.00K | $15.03M | $13.90M | $1.36M | $10.61M | $807.00K | $15.20M | $7.50M | $1.89M | $10.77M | $- | $- | $- | $- |
| Other Investing Activities | $-74.46M | $-28.18M | $4.14M | $44.82M | $-57.81M | $-153.47M | $8.00K | $-49.74M | $-873.00K | $3.00K | $36.00K | $-7.92M | $-50.34M | $-57.51M | $-42.27M | $-19.61M | $-29.06M | $-33.13M | $-11.88M | $-53.08M |
| Net Cash Used for Investing Activities | $-74.46M | $-28.39M | $-60.20M | $-36.41M | $-57.81M | $-153.52M | $-49.50M | $-49.88M | $-78.14M | $-13.28M | $-39.72M | $-7.92M | $-50.07M | $-57.57M | $-42.31M | $-19.79M | $-29.17M | $-33.28M | $-11.88M | $-53.08M |
| Debt Repayment | $69.93M | $-5.07M | $42.44M | $39.94M | $9.95M | $74.92M | $-85.00K | $-20.12M | $69.87M | $-125.00K | $-118.00K | $39.89M | $17.36M | $24.84M | $17.33M | $-25.17M | $-11.81M | $34.83M | $-10.16M | $64.85M |
| Common Stock Issued | $-139.00K | $23.89M | $- | $- | $40.57M | $71.54M | $31.16M | $82.96M | $- | $- | $- | $- | $43.28M | $19.43M | $9.31M | $20.27M | $24.65M | $26.62M | $11.92M | $- |
| Common Stock Repurchased | $-240.00K | $- | $56.00K | $-114.00K | $-1.00K | $-1.00K | $- | $-1.00M | $-60.00K | $-64.00K | $-57.00K | $- | $-2.00K | $- | $-244.00K | $-484.00K | $-13.00K | $- | $27.00K | $- |
| Dividends Paid | $-25.41M | $-25.03M | $-24.94M | $-24.83M | $-23.20M | $-22.25M | $-20.95M | $-20.56M | $-19.60M | $-19.61M | $-19.60M | $-19.45M | $-18.02M | $-17.76M | $-17.67M | $-17.31M | $-16.09M | $-15.75M | $-15.62M | $-15.16M |
| Other Financing Activities | $727.00K | $- | $512.00K | $-505.00K | $-1.91M | $-19.00K | $-8.00K | $-2.54M | $789.00K | $-2.00K | $-36.00K | $-1.09M | $-3.26M | $605.00K | $-249.00K | $-644.00K | $-86.00K | $-9.00K | $-12.00K | $-181.00K |
| Net Cash Used Provided by Financing Activities | $44.87M | $-6.31M | $24.62M | $14.10M | $25.41M | $124.19M | $10.11M | $39.73M | $51.05M | $-19.80M | $-19.82M | $19.32M | $39.36M | $27.11M | $8.72M | $-22.87M | $-3.35M | $45.70M | $-13.84M | $49.48M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $32.22M | $32.14M | $24.14M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $6.59M | $-61.00K | $-5.85M | $7.64M | $-1.58M | $-3.37M | $-13.28M | $12.27M | $-1.87M | $-8.62M | $-36.96M | $32.23M | $17.42M | $-11.77M | $-12.99M | $-23.24M | $-3.30M | $33.23M | $-10.81M | $14.27M |
| Cash at End of Period | $13.62M | $7.02M | $7.08M | $12.93M | $5.29M | $6.86M | $10.23M | $23.52M | $11.25M | $13.12M | $21.73M | $58.69M | $26.46M | $9.04M | $20.82M | $33.81M | $57.05M | $60.35M | $27.12M | $37.93M |
| Cash at Beginning of Period | $7.02M | $7.08M | $12.93M | $5.29M | $6.86M | $10.23M | $23.52M | $11.25M | $13.12M | $21.73M | $58.69M | $26.46M | $9.04M | $20.82M | $33.81M | $57.05M | $60.35M | $27.12M | $37.93M | $23.66M |
| Operating Cash Flow | $36.19M | $34.63M | $29.73M | $29.95M | $30.82M | $25.95M | $26.11M | $22.42M | $25.21M | $24.46M | $22.58M | $20.83M | $28.13M | $18.68M | $20.60M | $19.41M | $29.22M | $20.82M | $14.91M | $17.87M |
| Capital Expenditure | $- | $-208.00K | $-168.00K | $-182.00K | $-124.00K | $-44.00K | $- | $-141.00K | $- | $- | $- | $- | $271.00K | $-57.00K | $-38.00K | $-176.00K | $-116.00K | $-143.00K | $-23.00K | $- |
| Free Cash Flow | $35.87M | $34.42M | $29.56M | $29.77M | $30.70M | $25.91M | $26.11M | $22.28M | $25.21M | $24.46M | $22.58M | $20.83M | $28.40M | $18.63M | $20.56M | $19.23M | $29.11M | $20.67M | $14.89M | $17.87M |
Getty Realty Dividends
Explore Getty Realty's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
6.12%
Dividend Payout Ratio
141.01%
Dividend Paid & Capex Coverage Ratio
1.29x
Getty Realty Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.47 | $0.47 | March 27, 2025 | March 27, 2025 | April 10, 2025 | February 11, 2025 |
| $0.47 | $0.47 | December 26, 2024 | December 26, 2024 | January 09, 2025 | October 22, 2024 |
| $0.45 | $0.45 | September 26, 2024 | September 26, 2024 | October 10, 2024 | July 23, 2024 |
| $0.45 | $0.45 | June 27, 2024 | June 27, 2024 | July 11, 2024 | April 25, 2024 |
| $0.45 | $0.45 | March 27, 2024 | March 28, 2024 | April 11, 2024 | February 13, 2024 |
| $0.45 | $0.45 | December 27, 2023 | December 28, 2023 | January 11, 2024 | October 24, 2023 |
| $0.43 | $0.43 | September 27, 2023 | September 28, 2023 | October 12, 2023 | July 25, 2023 |
| $0.43 | $0.43 | June 21, 2023 | June 22, 2023 | July 06, 2023 | April 25, 2023 |
| $0.43 | $0.43 | March 22, 2023 | March 23, 2023 | April 06, 2023 | February 21, 2023 |
| $0.43 | $0.43 | December 21, 2022 | December 22, 2022 | January 05, 2023 | October 25, 2022 |
| $0.41 | $0.41 | September 21, 2022 | September 22, 2022 | October 06, 2022 | July 27, 2022 |
| $0.41 | $0.41 | June 22, 2022 | June 23, 2022 | July 07, 2022 | April 26, 2022 |
| $0.41 | $0.41 | March 23, 2022 | March 24, 2022 | April 07, 2022 | February 23, 2022 |
| $0.41 | $0.41 | December 22, 2021 | December 23, 2021 | January 06, 2022 | October 26, 2021 |
| $0.39 | $0.39 | September 22, 2021 | September 23, 2021 | October 07, 2021 | July 28, 2021 |
| $0.39 | $0.39 | June 23, 2021 | June 24, 2021 | July 08, 2021 | April 28, 2021 |
| $0.39 | $0.39 | March 24, 2021 | March 25, 2021 | April 08, 2021 | February 23, 2021 |
| $0.39 | $0.39 | December 23, 2020 | December 24, 2020 | January 07, 2021 | October 21, 2020 |
| $0.37 | $0.37 | September 23, 2020 | September 24, 2020 | October 08, 2020 | July 22, 2020 |
| $0.37 | $0.37 | June 24, 2020 | June 25, 2020 | July 09, 2020 | May 06, 2020 |
Getty Realty News
Read the latest news about Getty Realty, including recent articles, headlines, and updates.
Getty Realty: Great Time To Fill Up On This High Yielder
Getty Realty offers a 6% dividend yield, steady AFFO growth, and a disciplined property acquisition strategy, making it a decent high-yield investment opportunity. GTY's portfolio focuses on automotive retail and convenience, with a strong occupancy rate of 99.7%. With a forward P/FFO of 13.5 and growth opportunities in a fragmented market, GTY is an attractive buy for income investors seeking stability and long-term value.
The State Of REITs: February 2025 Edition
After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas small caps (-0.95%) and micro caps (-7.80%) started the year in the red. Only 42.58% of REIT securities had a positive total during the first month of 2025.
Getty Realty Corp. (GTY) Q4 2024 Earnings Call Transcript
Getty Realty Corp. (NYSE:GTY ) Q4 2024 Earnings Conference Call February 13, 2025 9:00 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Executive Vice President and Chief Operating Officer Brian Dickman - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Mitch Germain - Citizens JMP Farrell Granath - Bank of America Wesley Golladay - Baird Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to Getty Realty's Fourth Quarter 2024 Earnings Call. This call is being recorded.
Getty Realty Corp. Announces Fourth Quarter and Full Year 2024 Results
- Delivers Strong Investment and Operating Results - NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today its financial and operating results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net earnings: $0.39 per share Funds From Operations (“FFO”): $0.57 per share Adjusted Funds From Operations (“AFFO”): $0.60 per share Invested $76.4 million across 21 properties at an 8.9% initial cash yield Full Year 2024 Highlights Net earnings: $1.25 per share FFO: $2.21 per share AFFO: $2.34 per share Invested $209.0 million across 78 properties at an 8.3% initial cash yield “We are pleased to report strong fourth quarter investment and operating results, which helped the Company achieve a 4.0% increase in AFFO per share in 2024," stated Christopher J.
Getty Realty Corp. Announces Regular Quarterly Cash Dividend
NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today that its Board of Directors declared a cash dividend of $0.47 per common share payable on April 10, 2025 to holders of record on March 27, 2025.
Adapting To Change: Getty Realty And The EV Transition
Getty Realty Corp. generates most of its revenue from leasing properties to fuel stations, a sector that needs to adapt to rising EV adoption and improved fuel efficiency. GTY's lack of DC Fast Charging stations means missing out on potential revenue from charging and associated spend of EV drivers at co-located convenience stores/QSRs. Despite minimal exposure to California, geographic diversification does not shield GTY from the EV transition. We see significant YoY growth in new EV registrations across key states of its portfolio.
Getty Realty: This Overlooked Near 6% Yielder Is Even More Attractive Than Before
Getty Realty Corp. is an attractive REIT with a near 6% yield, strong fundamentals, and solid investment activity, making it a compelling buy for income investors. GTY's Q3 performance was impressive, beating revenue and FFO estimates, raising full-year AFFO guidance, and maintaining a high occupancy rate of 99.7%. The REIT has deleveraged its balance sheet, improved liquidity, and is well-positioned to benefit from declining interest rates, enhancing its long-term growth potential.
Getty Realty Corp. Announces 2024 Dividend Tax Treatment
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today the allocations of the Company's 2024 dividend distributions on its common stock (CUSIP #374297109). The allocations as they will be reported on Form 1099-DIV are as follows:
Fire And Ice
US equity markets tumbled this week while benchmark interest rates surged to the cusp of multi-decade highs after a critical slate of employment data showed surprisingly buoyant labor market trends. Prompting a hawkish re-think of Fed policy expectations, inflation worries were further inflamed by surging energy prices amid frigid temperatures across the Central and East, while L.A. battled destructive wildfires. Real estate equities - the most rate-sensitive sector - were significant laggards this week as rate cut expectations soured, with REITs extending their year-end slide into early 2025.
Getty Realty's Updated Guidance Adds To Its Solid Baseline
Getty Realty boasts robust fundamentals, with a 99.7% occupancy rate and consistent rental collections, supporting its strong financial performance and dividend growth. The REIT's diversified portfolio spans 42 states, with significant exposure to convenience stores and automotive facilities, though tenant concentration poses some risk. We think its BBB- credit rating is borderline and its rental increase rate seems low. Nonetheless, Getty's solid asset allocation and external liquidity access likely enhance its financial stability.
3 High-Yielding Dividend Stocks For 2025
The New Year could pose challenges as markets absorb the Fed's latest interest rate cuts and the sell-off in global equities. However, higher-yielding investments can offer income and hedging opportunities. The S&P 500's Shiller price-to-earnings (P/E) Ratio, among other historic indicators, underscores fears of a potential bear market. Income-generating stocks can help offset potential losses and continued risks of market volatility, inflation, and prolonged high interest rates.
Getty Realty: Pullback Creates Opportunity As Capital Market Risk Is Manageable
Getty Realty has underperformed despite a stable, low-risk business profile and strong financial results, making it an attractive buy opportunity. The REIT's high-quality tenant base and 99.7% occupancy rate ensure steady cash flows and low renewal risk, supporting its financial stability. Capital market reliance and rising interest rates pose risks, but Getty's cost of capital remains manageable, with ongoing M&A activities expected to be accretive.
Don't Miss The Dividend Train: 2 Top Buys To End 2024
Time in the market generally beats timing the market. This can be enhanced by buying low and selling high. Here's how. Being an active investor, I believe that timing individual equities can complement the strategy of staying consistently invested. You're timing stocks, while staying in the market. The Dividend Train concept emphasizes the importance of timing when buying dividend stocks to maximize income and compound growth.
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Getty Realty Corp. Closes $125 Million Private Placement of Senior Unsecured Notes
NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today the closing of its previously disclosed private placement of $125 million of senior unsecured notes, including (i) $50 million of notes priced at a fixed rate of 5.52% and maturing September 12, 2029 and (ii) $75 million of notes priced at a fixed rate of 5.70% and maturing February 22, 2032.
Getty Realty: Solid Q3 Results Given Stable Cash Flow And Accretive M&A
Getty Realty has gained 23% in the past year, driven by expectations of Federal Reserve rate cuts, and offers a 5.8% dividend yield. The company's stable business model, with 99.7% occupancy and strong tenant credit profiles, ensures consistent cash flow and minimal delinquency risk. Getty's long-term leases with automatic escalators and a solid balance sheet support its acquisitive growth strategy, yielding 8% on new deals.
Getty Realty Corp. (GTY) Q3 2024 Earnings Call Transcript
Getty Realty Corp. (NYSE:GTY ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Executive Vice President and Chief Operating Officer Brian Dickman - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Farrell Granath - Bank of America Mitch Germain - Citizens JMP Securities Upal Rana - KeyBanc Capital Markets Wesley Golladay - Robert W. Baird & Co. Operator Good morning, and welcome to Getty Realty's Third Quarter 2024 Earnings Call.
Getty Realty Corp. Announces Third Quarter 2024 Results
- Reports $147.6 Million of Year-to-Date Investment Activity - - Raises 2024 Full Year Earnings Guidance - NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today its financial and operating results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net earnings: $0.27 per share Funds From Operations (“FFO”): $0.56 per share Adjusted Funds From Operations (“AFFO”): $0.59 per share Invested $30.2 million across 16 properties at an 8.0% initial cash yield, plus an additional $15.1 million across four properties subsequent to quarter end Raised gross proceeds of approximately $121.1 million in a follow-on common stock offering in connection with forward sales agreements Agreed to issue $125.0 million of new senior unsecured notes to certain investors in a private placement transaction Extended leases totaling 11.0% of annualized base rent, or ABR, and increased the portfolio's weighted average lease term, or WALT, to more than 10.0 years As of October 23, 2024, had a committed investment pipeline of more than $70.0 million for the development and/or acquisition of 24 convenience and automotive retail properties “We are pleased to have produced another quarter of consistent earnings growth, while expanding and diversifying our portfolio of convenience and automotive retail properties," stated Christopher J.
Getty Realty Corp. Announces Increased Quarterly Cash Dividend
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today that its Board of Directors declared a cash dividend of $0.47 per common share, an increase of 4.4% over the previous quarterly dividend. The dividend is payable on January 9, 2025 to holders of record on December 26, 2024.
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the office sector remained the most-shorted at 5.3% of shares outstanding. Wheeler Real Estate Investment Trust logged the largest increase in short interest, up 16 percentage points to 32.4% of shares outstanding.
Getty Realty: Double-Digit AFFO Growth, Near 6% Yield Make Them A Long-Term Buy
Getty Realty remains an attractive buy for long-term dividend investors, offering a nearly 6% yield and strong fundamentals despite recent sector cooling. GTY has shown robust growth with double-digit FFO & AFFO increases and a solid balance sheet, supporting its expansion and long-term outlook. The REIT's portfolio, focused on convenience stores and car washes, presents some risks but also significant growth potential, especially with favorable interest rate trends.
Buried Treasures: 11 Dramatically Undervalued REITs
REIT yields are becoming more competitive, especially with the likelihood of interest rate cuts and low inflation on the horizon. This article identifies 35 equity REITs yielding 4.75% or better and at least 20% undervalued, narrowing down to 11 based on dividend safety, balance sheet quality, and growth projections. Avoid high-yield "sucker" stocks and companies with declining revenues or weak balance sheets to minimize risk and ensure stable returns.
Getty Realty: Profitable, Solvent, And Undervalued
Getty Realty is a net-lease REIT with a well-diversified portfolio of properties, high occupancy, and a solid tenant base. The REIT maintains a BBB- rating with manageable debt levels and high liquidity, ensuring financial flexibility and stability even in fluctuating interest rate environments. Despite some risks, GTY stock is undervalued, offering a high dividend yield which is supported by stable cash flows.
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