| Getty Realty: Secure Dividend But Increased Risks To Growth |
Getty Realty shares have dropped over 15% recently, with Q1 earnings failing to halt the decline, highlighting market volatility risks. The company reported solid financials, including 6.8% revenue growth and 6.9% FFO growth, but higher financing costs and share dilution limit per-share growth. Diversification into car washes and drive-thrus is ongoing, but tenant issues like Zips Car Wash bankruptcy raise concerns about new business lines' recession resilience. |
seekingalpha.com |
2025-04-28 14:00:00 |
Czytaj oryginał (ang.) |
| Tensions Ease Ahead Of Critical Week |
US equity markets resumed their recovery this week from the "liberation day" plunge after the White House negotiated trade deals with several nations and indicated plans to ease China tariffs. Trimming its drawdown to around 10% from its mid-February highs, the S&P 500 rallied 4.6% this week - erasing an early-week dip with four-straight days of gains. After posting significant outperformance last week, real estate equities were among the laggards this week despite a solid start to REIT earnings season and a much-needed retreat in benchmark rates. |
seekingalpha.com |
2025-04-27 13:00:00 |
Czytaj oryginał (ang.) |
| Getty Realty Corp. (GTY) Q1 2025 Earnings Call Transcript |
Start Time: 08:30 January 1, 0000 9:16 AM ET Getty Realty Corp. (NYSE:GTY ) Q1 2025 Earnings Conference Call April 24, 2025, 08:30 AM ET Company Participants Christopher Constant - President and CEO Mark Olear - EVP and COO Brian Dickman - EVP, CFO and Treasurer Joshua Dicker - EVP, General Counsel and Secretary Conference Call Participants Daniel Byrne - Bank of America Mitch Germain - Citizens JMP Upal Rana - KeyBanc Capital Markets Wes Golladay - Baird Brad Heffern - RBC Michael Goldsmith - UBS Michael Gorman - BTIG Operator Good morning, and welcome to Getty Realty First Quarter 2025 Earnings Call. This call is being recorded. |
seekingalpha.com |
2025-04-24 16:33:06 |
Czytaj oryginał (ang.) |
| Getty Realty (GTY) Q1 FFO Match Estimates |
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.59 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.57 per share a year ago. |
zacks.com |
2025-04-23 22:20:29 |
Czytaj oryginał (ang.) |
| Getty Realty Corp. Announces First Quarter 2025 Results |
- Committed Investment Pipeline Exceeds $110 Million - - No Debt Maturities Until June 2028 - - Reaffirms 2025 Earnings Guidance - NEW YORK, April 23, 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 ended March 31, 2025. First Quarter 2025 Highlights Net earnings: $0.25 per share Funds From Operations (“FFO”): $0.56 per share Adjusted Funds From Operations (“AFFO”): $0.59 per share Invested $10.9 million across six properties at a 7.8% initial cash yield Refinanced all 2025 debt maturities and have no debt maturities until June 2028 Committed investment pipeline of more than $110.0 million for the development and/or acquisition of 29 convenience and automotive retail properties, as of April 23, 2025 “We started the year with another quarter of steady performance as we delivered 3.5% AFFO per share growth, maintained strong portfolio metrics, and demonstrated effective balance sheet management,” stated Christopher J. |
globenewswire.com |
2025-04-23 20:05:00 |
Czytaj oryginał (ang.) |
| Getty Realty Corp. Announces Regular Quarterly Cash Dividend |
NEW YORK, April 22, 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 July 10, 2025 to holders of record on June 26, 2025. |
globenewswire.com |
2025-04-22 20:05:00 |
Czytaj oryginał (ang.) |
| Getty Realty: Could See Selling Pressure Ahead, But 6% Yield Is Attractive |
Getty Realty Corp, a REIT focusing on convenience stores and car washes, is a viable long-term option due to its strong balance sheet and near 6% yield. Despite economic challenges, Getty Realty delivered solid performance with 13% AFFO growth and a high occupancy rate of 99.7% across 1,114 properties. Tenant headwinds, particularly from car washes, pose risks, but Getty's strong liquidity and no debt maturing until 2028 provide financial flexibility. |
seekingalpha.com |
2025-04-09 11:10:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-03-27 10:00:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-03-27 02:16:29 |
Czytaj oryginał (ang.) |
| 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 |
2025-03-10 14:00:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-02-21 13:59:38 |
Czytaj oryginał (ang.) |
| 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 |
2025-02-13 15:51:07 |
Czytaj oryginał (ang.) |
| 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 |
2025-02-12 20:31:07 |
Czytaj oryginał (ang.) |
| 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 |
2025-02-12 18:05:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-02-11 18:05:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-02-11 04:57:31 |
Czytaj oryginał (ang.) |
| 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 |
2025-02-04 08:55:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-02-03 08:55:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-01-24 09:23:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-01-23 18:05:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-01-16 18:05:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-01-12 11:00:00 |
Czytaj oryginał (ang.) |
| 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 |
2025-01-10 14:50:30 |
Czytaj oryginał (ang.) |
| 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 |
2025-01-03 09:30:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-12-31 10:30:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-12-23 10:00:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-12-09 11:04:40 |
Czytaj oryginał (ang.) |
| 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 |
2024-12-03 15:41:01 |
Czytaj oryginał (ang.) |
| 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 |
2024-11-25 18:05:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-11-02 11:51:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-10-26 03:04:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-10-24 18:42:12 |
Czytaj oryginał (ang.) |
| 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 |
2024-10-23 22:16:13 |
Czytaj oryginał (ang.) |
| 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 |
2024-10-23 20:05:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-10-22 20:05:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-10-16 11:10:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-10-16 11:06:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-09-18 12:00:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-09-08 13:37:08 |
Czytaj oryginał (ang.) |
| 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 |
2024-09-08 10:50:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-08-23 11:00:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-08-06 10:30:00 |
Czytaj oryginał (ang.) |
| 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 |
2024-08-04 11:00:00 |
Czytaj oryginał (ang.) |