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.
IPO Year:
Exchange: NYSE
Website: gettyrealty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $31.00 → $34.00 | Neutral → Buy | BofA Securities |
| 2/1/2023 | Buy → Neutral | BTIG Research | |
| 1/6/2023 | $33.00 → $34.00 | Outperform → Neutral | Robert W. Baird |
| 8/25/2022 | Neutral | Redburn | |
| 8/24/2022 | $33.00 | Underperform → Neutral | BofA Securities |
| 5/10/2022 | $32.00 | Mkt Outperform | JMP Securities |
| 1/20/2022 | Neutral → Underperform | BofA Securities | |
| 1/20/2022 | $34.00 → $31.00 | Neutral → Underperform | B of A Securities |
| 10/21/2021 | $34.00 | Outperform | Baird |
| 10/21/2021 | $34.00 | Outperform | Robert W. Baird |
- 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 shareFunds From Operations ("FFO"): $0.56 per shareAdjusted Funds From Operations ("AFFO"): $0.59 per shareInvested $30.2 million across 16 properties at an 8.0% initial cash yield, plus an additional $15.1 million across four properties subsequent to qu
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. About Getty Realty Corp.Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of June 30, 2024, the Company's portfolio included 1,124 freestanding properties located in 42 states across the United States and Washington, D.C. Contact:Brian Dickman
NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE:GTY) will release its financial results for the third quarter ended September 30, 2024, after the market closes on Wednesday, October 23, 2024. Getty Realty Corp. will host a conference call and webcast on Thursday, October 24, 2024, 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 webcast by visiting the investors section of the Company's website at ir.gettyrealty.com. If you cannot participate in the live event, a replay will be available on Thursday, Octobe
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. BofA Securities, J.P. Morgan and KeyBanc Capital Markets acted as joint book-r
NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE:GTY) (the "Company") today announced the launch of an underwritten public offering of an aggregate of 3,500,000 shares of its common stock in connection with the forward sale agreements described below. The forward purchasers (or their affiliates) and the Company intend to grant the underwriters of the offering a 30-day option to purchase up to an additional 525,000 shares of common stock. BofA Securities, J.P. Morgan and KeyBanc Capital Markets are acting as the book-running managers for the offering. In connection with the offering of shares of its common stock, the Company expects to enter into forward sale agreement
– 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 shareFunds From Operations ("FFO"): $0.55 per shareAdjusted Funds From Operations ("AFFO"): $0.58 per shareInvested $61.7 million across 23 properties at an 8.1% initial cash yieldCommitted investment pipeline of more than $53 million, as of July 24, 2024, for the development and/or acquisition of 25 convenience and automotive retail prope
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE:GTY) announced today that its Board of Directors declared a cash dividend of $0.45 per common share payable on October 10, 2024 to holders of record on September 26, 2024. About Getty Realty Corp. Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of June 30, 2024, the Company's portfolio included 1,124 freestanding properties located in 42 states across the United States and Washington, D.C. Contact:Investor Relations (646) 349-0598 [email protected]
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. Getty Realty Corp. will host a conference call and webcast on Thursday, July 25, 2024, 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 webcast by visiting the investors section of the Company's website at ir.gettyrealty.com. If you cannot participate in the live event, a replay will be available on Thursday, July 25, 2024, be
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). "Our third annual Corporate Responsibility Report provides insight into our consistent efforts to deepen our relationships with key st
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 shareFunds From Operations ("FFO"): $0.53 per shareAdjusted Funds From Operations ("AFFO"): $0.57 per shareInvested $41.0 million across 35 properties, plus $7.2 million subsequent to quarter endCommitted 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
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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. About Getty Realty Corp.Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of June 30, 2024, the Company's portfolio included 1,124 freestanding properties located in 42 states across the United States and Washington, D.C. Contact:Brian Dickman
NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE:GTY) will release its financial results for the third quarter ended September 30, 2024, after the market closes on Wednesday, October 23, 2024. Getty Realty Corp. will host a conference call and webcast on Thursday, October 24, 2024, 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 webcast by visiting the investors section of the Company's website at ir.gettyrealty.com. If you cannot participate in the live event, a replay will be available on Thursday, Octobe
– 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 shareFunds From Operations ("FFO"): $0.55 per shareAdjusted Funds From Operations ("AFFO"): $0.58 per shareInvested $61.7 million across 23 properties at an 8.1% initial cash yieldCommitted investment pipeline of more than $53 million, as of July 24, 2024, for the development and/or acquisition of 25 convenience and automotive retail prope
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE:GTY) announced today that its Board of Directors declared a cash dividend of $0.45 per common share payable on October 10, 2024 to holders of record on September 26, 2024. About Getty Realty Corp. Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of June 30, 2024, the Company's portfolio included 1,124 freestanding properties located in 42 states across the United States and Washington, D.C. Contact:Investor Relations (646) 349-0598 [email protected]
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. Getty Realty Corp. will host a conference call and webcast on Thursday, July 25, 2024, 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 webcast by visiting the investors section of the Company's website at ir.gettyrealty.com. If you cannot participate in the live event, a replay will be available on Thursday, July 25, 2024, be
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 shareFunds From Operations ("FFO"): $0.53 per shareAdjusted Funds From Operations ("AFFO"): $0.57 per shareInvested $41.0 million across 35 properties, plus $7.2 million subsequent to quarter endCommitted 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
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE:GTY) announced today that its Board of Directors declared a cash dividend of $0.45 per common share payable on July 11, 2024 to holders of record on June 27, 2024. About Getty Realty Corp.Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of March 31, 2024, the Company's portfolio included 1,108 freestanding properties located in 42 states across the United States and Washington, D.C. Contact:Investor Relations(646) [email protected]
NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE:GTY) will release its financial results for the first quarter ended March 31, 2024, after the market closes on Thursday, April 25, 2024. Getty Realty Corp. will host a conference call and webcast on Friday, April 26, 2024, 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 webcast by visiting the investors section of the Company's website at ir.gettyrealty.com. If you cannot participate in the live event, a replay will be available on Friday, April 26, 2024, beg
NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE:GTY) announced today that its Board of Directors declared a cash dividend of $0.45 per common share payable on April 11, 2024 to holders of record on March 28, 2024. About Getty Realty Corp. Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of December 31, 2023, the Company's portfolio included 1,093 freestanding properties located in 40 states across the United States and Washington, D.C. Contact: Investor Relations(646) [email protected]
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: Ordinary Income Capital Gains Record DatePayable Date Total 2021 Distributions Per Share (1a + 2a + 3) Total (Box 1a) Total (Box 2a)Unrecapt'd Sec 1250 (Box 2b) Nondividend Distributions (Box 3) 12/22/20221/5/2023 $0.430000 $0.312621 $- $- $0.117379 3/23/20234/6/2023 $0.430000 $0.312621 $- $- $0.117379 6/22/20237/6/2023 $0.430000 $0.312621 $- $- $0.117379 9/28/202310/12/2023 $0.430000 $0.312621
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Getty Realty Corp. (NYSE:GTY) ("Getty" or the "Company") announced today that Richard E. Montag has retired from its Board of Directors, effective February 21, 2023. Mr. Montag's decision to retire comes after more than 12 years of service on the Company's Board where he also served as a member of the Audit Committee and the Compensation Committee. Prior to joining Getty's Board, Mr. Montag had a highly successful career as a senior executive in the real estate industry, including as Vice President of Real Estate Development at the Richard E. Jacobs Group, one of the most established and respected owners, developers, and managers of commercial real estate in the U.S. Mr. Montag also serve
Getty Realty Corp. (NYSE:GTY) announced the appointment of Evelyn León Infurna as an independent director to its Board of Directors and as a member of its Nominating and Corporate Governance Committee, effective immediately. Ms. Infurna brings broad capital markets perspective with more than 30 years of experience in real estate and corporate finance in various roles. Ms. Infurna is a Senior Vice President of Investor Relations with SmartRent.com Inc. Previously she was a Managing Director with ICR, LLC specializing in strategic communications, capital markets advisory and investor engagement. Prior to that, Ms. Infurna was a Managing Director in Equity Capital Markets with Citigroup where
NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE:GTY) announced today that Leo Liebowitz, the Company’s Chairman & Co-Founder has elected to retire from the Board of Directors, effective February 23, 2021. Mr. Liebowitz’s decision to retire comes after more than 50 years of service as the Company’s Chairman of the Board. In addition to his tenure as the Company’s Chairman, he served as our Chief Executive Officer from 1985 until 2010 and as our President from 1971 until 2004. Mr. Liebowitz remains one of the Company’s largest shareholders. Mr. Liebowitz co-founded the Company through the acquisition of a single gas station in New York City in 1955. From there, he worked to asse
BofA Securities upgraded Getty Realty Corp. from Neutral to Buy and set a new price target of $34.00 from $31.00 previously
BTIG Research downgraded Getty Realty Corp. from Buy to Neutral
Robert W. Baird downgraded Getty Realty Corp. from Outperform to Neutral and set a new price target of $34.00 from $33.00 previously
Redburn initiated coverage of Getty Realty Corp. with a rating of Neutral
BofA Securities upgraded Getty Realty Corp. from Underperform to Neutral and set a new price target of $33.00
JMP Securities initiated coverage of Getty Realty Corp. with a rating of Mkt Outperform and set a new price target of $32.00
BofA Securities downgraded Getty Realty Corp. from Neutral to Underperform
B of A Securities downgraded Getty Realty from Neutral to Underperform and set a new price target of $31.00 from $34.00 previously
Baird initiated coverage of Getty Realty with a rating of Outperform and set a new price target of $34.00
Robert W. Baird initiated coverage of Getty Realty Corp. with a rating of Outperform and set a new price target of $34.00
Getty Realty (NYSE:GTY) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.57 by 1.75 percent. The company reported quarterly sales of $49.937 million which beat the analyst consensus estimate of $48.781 million by 2.37 percent. This is a 11.72 percent increase over sales of $44.698 million the same period last year.
Getty Realty (NYSE:GTY) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.56 by 1.79 percent. This is a 1.79 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $48.970 million which beat the analyst consensus estimate of $46.234 million by 5.92 percent. This is a 13.83 percent increase over sales of $43.020 million the same period last year.
JMP Securities analyst Mitch Germain reiterates Getty Realty (NYSE:GTY) with a Market Outperform and maintains $33 price target.
Getty Realty (NYSE:GTY) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.56 by 1.79 percent. The company reported quarterly sales of $47.64 million which missed the analyst consensus estimate of $47.88 million by 0.50 percent. This is a 10.48 percent increase over sales of $43.12 million the same period last year.
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Getty Realty Corp. (NYSE:GTY) provides 4Q23 and FY23 business activities and initial FY24 earnings guidance. Getty Realty invested about $326 million in convenience and automotive retail properties. As of December 31, 2023, GTY has a planned investment pipeline of roughly $75 million for developing and acquiring 43 convenience stores, car washes, and service centers. The company raised $295 million in new equity and debt funds, featuring $25 million from an at-the-market equity program and a $150 million unsecured term loan. "We had very productive year in 2023, achieving record investment volumes and successfully accessing the capital markets to accretively fund our investments," stated
- Reports Record Annual Investment Activity -- Introduces 2024 Annual Earnings Guidance -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 HighlightsInvested 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 approximately $75 million, as of December 31, 2023, for the development and acquisition of 43 convenience stores, express tunnel car washes, and
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