Getty Realty (GTY) News
Market Cap: $1.68B
Avg Volume: 342.61K
Industry: REIT - Retail
Sector: Real Estate
Getty Realty Corp. to Report First Quarter 2025 Financial Results
NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY), a net lease REIT focused on convenience and automotive retail real estate, will release its financial results for the first quarter ended March 31, 2025 after the market closes on Wednesday, April 23, 2025.
globenewswire.com
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Getty Realty: Limited Downside And Room To Grow
Getty Realty excels in a challenging real estate market with high occupancy rates, strong FFO and AFFO growth, and favorable debt maturities extending to 2028. The REIT's tenant mix, primarily in convenience stores and auto services, ensures stable income, though EV adoption poses long-term risks. Getty's strong financials, including a 6.2% dividend yield and potential for further growth through acquisitions, make it an attractive investment.
seekingalpha.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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Getty Realty (GTY) Q4 FFO and Revenues Surpass Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to FFO of $0.57 per share a year ago.
zacks.com
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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.
globenewswire.com
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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.
globenewswire.com
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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.
seekingalpha.com
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REITs To Avoid This Year
I am very bullish on REITs. But I still recognize that this sector is full of landmines. I highlight REITs to avoid this year.
seekingalpha.com
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1 REIT To Sell And 1 Strong Buy
Many REITs are historically cheap today. Some are cheap for a good reason. Others are just undervalued. I present a good example of that.
seekingalpha.com
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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.
seekingalpha.com
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Getty Realty Corp. Announces Expanded $450 Million Credit Facility
– Repays Outstanding Term Loan and Extends Maturity to 2029 – – Company Has No Debt Maturities Until June 2028 –
globenewswire.com
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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:
globenewswire.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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Getty Realty Corp. to Report Fourth Quarter 2024 Financial Results
NEW YORK, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) will release its financial results for the fourth quarter ended December 31, 2024, after the market closes on Wednesday, February 12, 2025.
globenewswire.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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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.
globenewswire.com
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Beat Back Market Turbulence With These Yields Up To 9%
Election. Recession. No landing. Social unrest. Election contest. Low beta, anyone? Today we'll talk calm in a sea of manic. A six-pack of tranquil dividend payers yielding up to 8.9%.
forbes.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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Getty Realty (GTY) Q3 FFO and Revenues Surpass Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.57 per share a year ago.
zacks.com
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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.
globenewswire.com
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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.
globenewswire.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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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.
seekingalpha.com
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Places You Routinely Visit Could Provide You With a Pathway Toward a Lifetime of Passive Income
Agree Realty owns retail properties, like grocery stores and home improvement locations. Getty Realty owns gas stations and other auto-related convenience properties.
fool.com
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2 Under-The-Radar Net Lease REITs: Where's The Love?
Postal Realty Trust is a net lease REIT focused on USPS properties, with a 6.2 million SF portfolio and growth potential through consolidation. Getty Realty specializes in convenience stores and automotive properties, with a 1,124-property portfolio, strong tenant coverage, and consistent growth. Both PSTL and GTY offer solid dividends, trade at discounts, and are rated as Buy opportunities for potential growth in the net lease REIT sector.
seekingalpha.com
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Is This High-Yield Stock a Way for You to Copy Buffett's Latest Acquisition?
Pilot Travel Centers is now completely owned by Berkshire Hathaway. Getty Realty is a similar company that owns gas stations and convenience stores.
fool.com
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Collect 3X To 5X More Income With These 5 Steady Dividend Stocks
Worried about a serious pullback in the S&P 500? That something is going to go a bit haywire here in America, or overseas, and send stocks swooning?
forbes.com
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The 3 Best Stocks to Buy Doing Successful Secondary Offerings in 2024
The IPO (initial public offering) market has gotten stronger in 2024, according to the Q2 2024 quarterly review from IPO specialist Renaissance Capital. That has resulted in a more buoyant market for secondary offerings.
investorplace.com
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Getty Realty Corp.: A Single Tenant Retail REIT Offering Investors An Attractive Yield Of 5.97%
The company's strategic acquisitions and development activities have strengthened its portfolio, but investors should be aware of potential risks and headwinds. GTY's valuation is favorable compared to its industry counterparts, with a lower P/E ratio and stronger earnings growth. Getty Realty Corp. offers a 5.97% dividend yield, higher than peers like Realty Income Corp. and Kimco Realty Corp.
seekingalpha.com
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Getty Realty Corp. Announces Pricing of Public Offering of 3,500,000 Shares of Common Stock
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (the “Company”) today announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock, sold on a forward basis in connection with the forward sale agreements described below, at a public offering price of $30.10 per share. The forward purchasers (or their affiliates) and the Company have also granted the underwriters of the offering a 30-day option to purchase up to an additional 525,000 shares of common stock. The offering is expected to close on July 31, 2024, subject to customary closing conditions.
globenewswire.com
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Soft Landing Secured
U.S. equity markets posted mixed performance while interest rates dipped to four-month lows as a lukewarm start to corporate earnings season and mixed economic data reinforced Fed rate cut expectations. Another twist in a wild month of politics, President Biden announced that he would not seek reelection, instead endorsing VP Harris, setting the stage for a more competitive November election. The S&P 500 slipped 0.8% on the week as the powerful "value rotation" trade extended into a third-week. The Small-Cap 600 rallied 3.6% while the mega-cap Nasdaq 100 dipped 2.6%.
seekingalpha.com
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Getty Realty (GTY) Q2 FFO and Revenues Beat Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to FFO of $0.56 per share a year ago.
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Getty Realty Corp. Announces Second Quarter 2024 Results
– Reports $104 Million of Year-to-Date Investment Activity – – Increases 2024 Full Year Earnings Guidance – NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial and operating results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Net earnings: $0.30 per share Funds From Operations (“FFO”): $0.55 per share Adjusted Funds From Operations (“AFFO”): $0.58 per share Invested $61.7 million across 23 properties at an 8.1% initial cash yield Committed investment pipeline of more than $53 million, as of July 24, 2024, for the development and/or acquisition of 25 convenience and automotive retail properties “We continued to grow and diversify our portfolio of convenience and automotive retail properties by accretively deploying more than $100 million through the first half of the year,” stated Christopher J.
globenewswire.com
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If I Had To Retire Today With 12 REITs
REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cut cycle debuts, making them an attractive sector to become overweight. A list of 12 handpicked REITs is provided, offering a combination of high dividend yields, dividend growth, and value for potential investors.
seekingalpha.com
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Getty Realty Corp. to Report Second Quarter 2024 Financial Results
NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) will release its financial results for the second quarter ended June 30, 2024, after the market closes on Wednesday, July 24, 2024.
globenewswire.com
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Getty Realty: Consistent Growth At A Cheap Multiple
Getty Realty's fundamentals and market price have diverged, with AFFO/share growing consistently while the market price has fallen, making the stock materially undervalued. The implied cap rate and AFFO multiple undervalue Getty's reliability and growth potential, with a clear runway for steady earnings growth. Getty's focus on automotive-related properties, strong tenant rent coverage, and clean underwriting process set it up for long-term growth and potential capital gains.
seekingalpha.com
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2 Very Overrated REITs And 2 Very Underrated REITs
Not all REITs are equally attractive. Some are overpriced. Others are undervalued. Here are 2 overrated REITs and 2 better alternatives to consider.
seekingalpha.com
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Getty Realty Is Getting Risky - The Good And The Bad
Getty Realty is a triple-net lease REIT focused on service-oriented properties. The Company has some impressive business metrics in terms of occupancy rate, rent escalations, and WALT. There are some noticeable risks accompanying GTY (high tenant concentration and significant debt maturities upcoming in 2025/2026).
seekingalpha.com
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Sell Alert: 3 REITs Getting Risky
REITs are priced at their lowest valuations since 2008. But that does not mean that all REITs are worth buying. Here are three REITs that I would consider selling.
seekingalpha.com
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Getty Realty Corp. Publishes 2024 Corporate Responsibility Report
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today that it has published its 2024 Corporate Responsibility Report highlighting the Company's environmental, social and governance ("ESG") policies and practices. Getty engaged Antea® Group, an Environment, Health, Safety, and Sustainability consulting firm, to assist with the report which was prepared with consideration of the frameworks established by the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD).
globenewswire.com
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Getty Realty: Shares Can Be Attractive Even With Slower Investment
Getty Realty's shares have underperformed in the past year, but the company's business remains stable with strong debt coverage and long lease terms. The company reported solid Q1 results, with adjusted funds from operations beating expectations and revenue rising by 14%. Its lower share price does make accretive deal-making more difficult, but shares seem now positioned to deliver a 10+% return even absent new property acquisitions.
seekingalpha.com
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Amalgamated Bank Has $507,000 Stake in Getty Realty Corp. (NYSE:GTY)
Amalgamated Bank lessened its stake in shares of Getty Realty Corp. (NYSE:GTY – Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,358 shares of the real estate investment trust’s stock after selling 642 shares during the period. Amalgamated Bank’s holdings in Getty Realty were worth $507,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also bought and sold shares of GTY. Commonwealth Equity Services LLC raised its holdings in shares of Getty Realty by 16.8% during the third quarter. Commonwealth Equity Services LLC now owns 10,230 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 1,469 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Getty Realty by 12.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,299 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 1,909 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Getty Realty by 6.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,491 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 613 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Getty Realty by 5.9% in the third quarter. Daiwa Securities Group Inc. now owns 14,655 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 813 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Getty Realty by 6.4% during the third quarter. Nisa Investment Advisors LLC now owns 23,108 shares of the real estate investment trust’s stock valued at $641,000 after acquiring an additional 1,380 shares in the last quarter. 85.11% of the stock is owned by institutional investors. Getty Realty Stock Down 0.1 % Shares of NYSE:GTY opened at $28.45 on Monday. The business’s 50 day moving average is $27.20 and its 200 day moving average is $27.91. Getty Realty Corp. has a 12-month low of $25.90 and a 12-month high of $35.56. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 24.32 and a beta of 0.88. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.84. Getty Realty (NYSE:GTY – Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The firm had revenue of $48.97 million for the quarter, compared to analysts’ expectations of $46.63 million. Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, sell-side analysts forecast that Getty Realty Corp. will post 2.31 earnings per share for the current fiscal year. Getty Realty Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Thursday, June 27th. Getty Realty’s payout ratio is 153.85%. Analyst Ratings Changes Several analysts recently issued reports on the stock. StockNews.com raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of Getty Realty in a report on Monday, March 25th. Get Our Latest Analysis on GTY Getty Realty Profile (Free Report)
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Net Lease REIT Chart Comparison
Net lease REITs have performed better than other types of REITs despite rising interest rates. AFFO multiples are the primary method for valuing net lease REITs. These charts allow us to compare the swing in AFFO multiples over the last 5 years.
seekingalpha.com
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3 Top Stocks to Defy the "Sell in May & Go Away" Maxim
With the summer months being traditionally weak for the stock market, astute investors should place bets on NNN REIT (NNN), Getty Realty (GTY) and Frontline (FRO) for steady income.
zacks.com
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Stagflation Is Back
U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.
seekingalpha.com
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Getty Realty Corp. (GTY) Q1 2024 Earnings Call Transcript
Getty Realty Corp. (NYSE:GTY ) Q1 2024 Earnings Call Transcript April 26, 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 Todd Thomas - KeyBanc Capital Markets Anthony Paolone - JP Morgan Alex Saigon - Baird Mitch Germain - Citizens JMP Securities Michael Gorman - BTIG Operator Good morning, and welcome to Getty Realty's First Quarter 2024 Earnings Call. This call is being recorded.
seekingalpha.com
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Getty Realty (GTY) Q1 FFO Meet Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.57 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.56 per share a year ago.
zacks.com
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Getty Realty Corp. Announces First Quarter 2024 Results
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net earnings: $0.30 per share Funds From Operations (“FFO”): $0.53 per share Adjusted Funds From Operations (“AFFO”): $0.57 per share Invested $41.0 million across 35 properties, plus $7.2 million subsequent to quarter end Committed investment pipeline of more than $44.0 million, as of April 25, 2024, for the development and/or acquisition of 23 diverse convenience and automotive retail properties “We are pleased with the Company's performance for the first quarter.
globenewswire.com
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On Making Money The Patient Way - And A Trio That May Help
Investors are bombarded with contradictory information and forecasts, making it difficult to determine what to do right now. I emphasize the importance of overcoming the bias of recent information and considering "the rest of the story." Here is a trio of overlooked real estate companies with potential for capital gains and steady dividend income.
seekingalpha.com
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5 REIT Types To Avoid
I think that REITs are today offering a historic opportunity. But that does not mean that all REITs are good investments. I discuss 5 categories of REITs to avoid at all cost.
seekingalpha.com
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An Important Warning To REIT Investors
The hopes of lower interest rates are fading away. This has caused REITs to sell off again. But we have not lost hope, and you shouldn't either. Here's why.
seekingalpha.com
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Getty Realty: Strong Dividend Growth And Valuation Makes It A Solid REIT
Getty Realty: Strong Dividend Growth And Valuation Makes It A Solid REIT
seekingalpha.com
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The Best REIT Dividends: Stability, Growth, And Yield
The best REIT dividends for stability, growth, and yield are discussed and also highlighting the importance of a favorable mix of these attributes. Some high-yielding REITs are opportunistic due to mispricing while others are just risky. The stability of yield, dividend growth potential, and mispricing are key drivers of opportunistic dividends in REITs.
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Buy The Dip: 2 REITs Getting Way Too Cheap
REITs are selling off again. We are buying the dip because we expect a rally later this year. We highlight two REITs with significant upside potential.
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Getty Realty Corp. (GTY) Q4 2023 Earnings Call Transcript
Getty Realty Corp. (GTY) Q4 2023 Earnings Call Transcript
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Getty Realty (GTY) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Getty Realty (GTY) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Getty Realty Corp. Announces Fourth Quarter and Full Year 2023 Results
NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial and operating results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Net earnings: $0.30 per share Funds From Operations (“FFO”): $0.51 per share Adjusted Funds From Operations (“AFFO”): $0.57 per share Invested $61.8 million across 38 properties Completed two redevelopment and revenue-enhancing capex projects Full Year 2023 Highlights Net earnings: $1.15 per share FFO: $2.06 per share AFFO: $2.25 per share Invested a record $326.3 million across 81 properties Completed five redevelopment and revenue-enhancing capex projects “We are extremely proud of our financial results in 2023, which saw us grow base rental income by nearly 10% and AFFO per share by more than 5%, reflecting strong execution of our growth strategy,” stated Christopher J.
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Getty Realty Corp. Announces 2023 Dividend Tax Treatment
NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today the allocations of the Company's 2023 dividend distributions on its common stock (CUSIP #374297109). The allocations as they will be reported on Form 1099-DIV are as follows:
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Getty Realty Corp. Provides 2023 Business Update
NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) today provided an update on the Company's fourth quarter and full year 2023 business activities. The Company also provided its initial full year 2024 earnings guidance. 2023 Highlights Invested approximately $326 million in convenience and automotive retail assets, a record year of investment activity for the Company, including approximately $61 million in the fourth quarter. Committed investment pipeline of ap.
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Getty Realty: Recent Underperformance Creates An Opportunity
Getty Realty's shares have underperformed due to its equity issuance and the impact of electric vehicle penetration on gasoline-related businesses. GTY owns 1,480 properties across 40 states, focused on convenience stores, gas stations, and car washes, providing stable and growing cash flow. Getty's properties have a high occupancy rate of 99.7% and a long average lease life, ensuring a high certainty of cash flow in the coming years.
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Getty Realty Corp. to Report Fourth Quarter 2023 Financial Results
NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) will release its financial results for the fourth quarter ended December 31, 2023, after the market closes on Wednesday, February 14, 2024. Getty Realty Corp. will host a conference call and webcast on Thursday, February 15, 2024, at 8:30 a.m. EST. To participate in the call, please dial 1-877-423-9813, or 1-201-689-8573 for international participants, ten minutes before the scheduled start. Participants may also access the call via live.
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Getty Realty Corp. Announces 2023 Getty Gives Activity
NEW YORK--(BUSINESS WIRE)--As part of its ongoing commitment to effective environmental, social and governance ("ESG") practices, Getty Realty Corp. (NYSE: GTY) today announced the results of its 2023 Getty Gives campaign. Getty Gives provides our team with a formal program to support causes that are meaningful to us and the communities in which we live and work. Getty Gives includes corporate donations to charitable organizations selected by our employees, company matching for employee charita.
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24 Upcoming Dividend Increases, Including A New Dividend King, To Finish 2023
24 dividend increases are expected next week, including Nucor's 50th annual dividend increase. Consistently increasing dividend payouts leads to better performance for companies.
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Rewarding You: 7 REITs Yielding High Goldilocks-Zone Dividends
Identifying potentially habitable planets in the Goldilocks Zone is a primary focus in the search for extraterrestrial intelligence. Similarly, in dividend investing, there is a Goldilocks Zone where companies take just the right amount of risk with their dividend payouts. The Seeking Alpha Premium Quant Ratings system assigns Dividend Safety grades to predict the likelihood of a dividend cut for a given company.
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3 Top REIT Picks For 2024
REITs are priced at their lowest valuations in years. Net lease REITs are particularly cheap, despite enjoying steady growth. We highlight three of our Top Picks for 2024.
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5 Prime-Time Net Lease REIT Takeover Targets
Realty Income Corporation recently acquired Spirit Realty Capital, Inc. in a $9.3 billion all-stock deal. W.P. Carey announced the spinoff of its office assets into a publicly traded REIT called Net Lease Office Properties. The net lease sector is expected to see a surge in M&A activity as smaller firms struggle and costs of capital remain elevated.
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Getty Realty: Fuel Your Income With This Sweet 7% Yield
Getty Realty is a net lease REIT focused on properties catering to the automotive segment. GTY stock has seen a significant downturn in price, pushing the dividend yield up to 6.8%. Despite market concerns, GTY maintains high asset quality, strong occupancy rates, and a well-positioned portfolio.
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Getty Realty Corp (GTY) Q3 2023 Earnings Call Transcript
Getty Realty Corp (NYSE:GTY ) Q3 2023 Earnings Conference Call October 26, 2023 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 Wes Golladay - Robert W. Baird Akhil Nagulapalli - J P Morgan Operator Good morning, and welcome to Getty Realty's Earnings Conference Call for the Third Quarter 2023.
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Compared to Estimates, Getty Realty (GTY) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Getty Realty (GTY) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Getty Realty (GTY) Tops Q3 FFO and Revenue Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.54 per share a year ago.
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Getty Realty Corp. Announces Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial and operating results for the quarter ended September 30, 2023. Third Quarter 2023 Highlights Net earnings: $0.31 per share Funds From Operations (“FFO”): $0.53 per share Adjusted Funds From Operations (“AFFO”): $0.57 per share Invested $155.0 million across 50 properties Committed investment pipeline of more than $95.0 million for the development and acquisition of 42 convenience.
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KRC or GTY: Which Is the Better Value Stock Right Now?
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Kilroy Realty (KRC) and Getty Realty (GTY). But which of these two stocks offers value investors a better bang for their buck right now?
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Getty Realty Corp. to Report Third Quarter 2023 Financial Results
NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) will release its financial results for the third quarter ended September 30, 2023, after the market closes on Wednesday, October 25, 2023. Getty Realty Corp. will host a conference call and webcast on Thursday, October 26, 2023, at 8:30 a.m. EDT. To participate in the call, please dial 1-877-423-9813, or 1-201-689-8573 for international participants, ten minutes before the scheduled start. Participants may also access the call via live w.
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Getty Realty: Generating 5.7% Yield From Car Wash And Gas Stations
Getty Realty Corp. is a specialized REIT that focuses on gas stations, convenience stores, and car wash stations. The company's business is stable and highly occupied, with an occupancy of 99.7% and rent collection rate close to 100%. Getty has a history of dividend growth and currently offers a dividend yield of 5.7%.
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Getty Realty: A 5.7% Dividend Yield From Real Estate For Cars
Getty Realty last declared a quarterly cash dividend in line with its prior payment, offering a 5.7% dividend yield. GTY is quite low risk from a gearing perspective and has maintained a healthy pace of dividend hikes for its common shareholders. A 130% dividend coverage and a heavy pace of new property acquisitions have set the backdrop for more near-term dividend hikes.
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5 Ultra-Safe Stocks to Counter a Choppy Wall Street
With things looking murkier this August, invest in stocks like Getty Realty (GTY), Trinity Capital (TRIN), Crescent Capital (CCAP), Golub Capital (GBDC) and Runway Growth Finance (RWAY) for a steady income.
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Best Income Stocks to Buy for August 23rd
ALX, GTY and ETD made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 23, 2023.
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Getty Realty (GTY) Upgraded to Strong Buy: What Does It Mean for the Stock?
Getty Realty (GTY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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Best Income Stocks to Buy for August 16th
GTY, MBWM and GM made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 16, 2023.
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4 Safe Picks as Things Look Dicey for Wall Street This August
Since August is living up to its reputation of being notorious, invest in safe stocks such as Runway Growth Finance (RWAY), Crescent Capital (CCAP), Getty Realty (GTY) and Cogent Communications (CCOI).
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Getty Realty Corp (GTY) Q2 2023 Earnings Call Transcript
Getty Realty Corp (NYSE:GTY ) Q2 2023 Earnings Conference Call July 27, 2023 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 Brian Dickman - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Todd Thomas - KeyBanc Capital Markets Mitchell Germain - JMP Securities Brett Reiss - Janney Montgomery Scott Operator Good morning, and welcome to Getty Realty's Earnings Conference Call for the Second Quarter 2023. This call is being recorded.
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Getty Realty (GTY) Q2 FFO Match Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.56 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.53 per share a year ago.
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Getty Realty Corp. Announces Second Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial and operating results for the quarter ended June 30, 2023. Second Quarter 2023 Highlights Net earnings: $0.26 per share Funds From Operations (“FFO”): $0.52 per share Adjusted Funds From Operations (“AFFO”): $0.56 per share Invested $50.0 million across 26 properties, plus an additional $52.5 million across 12 properties subsequent to quarter end Committed investment pipeline of mo.
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Stick The Soft Landing
U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.
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