Getty Realty Corp. (GTY)
| Market Cap | 1.80B |
| Revenue (ttm) | 198.02M |
| Net Income (ttm) | 62.72M |
| Shares Out | 55.02M |
| EPS (ttm) | 1.16 |
| PE Ratio | 28.22 |
| Forward PE | 25.93 |
| Dividend | $1.88 (5.75%) |
| Ex-Dividend Date | Dec 26, 2024 |
| Volume | 309,923 |
| Open | 32.65 |
| Previous Close | 32.81 |
| Day's Range | 32.38 - 32.88 |
| 52-Week Range | 25.70 - 33.23 |
| Beta | 0.94 |
| Analysts | Buy |
| Price Target | 33.33 (+1.93%) |
| Earnings Date | Oct 23, 2024 |
About GTY
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. [Read more]
Financial Performance
In 2023, Getty Realty's revenue was $185.85 million, an increase of 12.23% compared to the previous year's $165.59 million. Earnings were $57.94 million, a decrease of -34.11%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for GTY stock is "Buy." The 12-month stock price forecast is $33.33, which is an increase of 1.93% from the latest price.
News
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%.
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 stron...
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 Con...
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 “C...
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 ...
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 off...
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...
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 a...
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 liquidi...
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 autom...
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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 t...
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 ...
Getty Realty Corp. (GTY) Q2 2024 Earnings Call Transcript
Getty Realty Corp. (NYSE:GTY) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Consta...
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 “...
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 cu...
Getty Realty Corp. Announces Regular Quarterly Cash Dividend
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...
Thinking Outside The (Net Lease REIT) Box
Thinking outside the box involves looking at problems from a different perspective, such as using virtual reality to stimulate creativity. Realty Income has grown into a $73 billion REIT by thinking o...
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,...
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 AF...
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.
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 ...
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, soci...
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 adjust...
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 s...