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I Could Build My Entire Retirement Around These 4 Stocks
Seeking Alpha· 2025-09-26 11:30
Group 1 - The article emphasizes the importance of discussing retirement investments, suggesting that it is a relevant topic despite some skepticism about retirement itself [1] - It highlights the availability of in-depth research on various investment vehicles such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, indicating a comprehensive approach to income alternatives [1] Group 2 - The article includes a disclaimer about the lack of stock or derivative positions in the companies mentioned, reinforcing the independence of the analysis [2] - It notes that past performance does not guarantee future results, which is a standard caution in investment discussions [2]
Getty Realty Corp. to Report Third Quarter 2025 Financial Results
Globenewswire· 2025-09-24 12:00
NEW YORK, Sept. 24, 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 third quarter ended September 30, 2025 after the market closes on Wednesday, October 22, 2025. Getty Realty Corp. will host a conference call and webcast on Thursday, October 23, 2025, 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 minu ...
Getty Realty: Less Than 12x Earnings, 6.5% Yield, Raised Guidance. What More Can You Ask For?
Seeking Alpha· 2025-09-13 12:15
Group 1 - The REIT sector presents attractive buying opportunities, although less than three years ago when it was in a bear market [1]
7 Sturdy Low-Beta Dividends With Yields Up To 8%
Forbes· 2025-08-09 14:25
Core Viewpoint - The article discusses seven low beta stocks with dividend yields up to 8%, which are considered more stable during market downturns, providing a cushion against volatility [2][3]. Group 1: Low-Beta Dividend Stocks - Getty Realty (GTY) offers a 6.6% yield with a 5-year beta of 0.86 and a 1-year beta of 0.12, indicating lower volatility compared to the market. The company has a stable cash-flowing tenant base, primarily from convenience stores and car washes [5][7]. - AES Corp. (AES) has a 5.5% yield and operates with a 1-year beta of 0.88 and a 5-year beta of 0.96. It combines traditional utility services with renewable energy sales, providing growth potential [9][10]. - Northwest Bancshares (NWBI) offers a 6.8% yield with a 5-year beta of 0.69 and a 1-year beta of 0.80. The company has a solid balance sheet but faces challenges in consistent growth despite a recent merger [11][12]. - Conagra Brands (CAG) has a yield of 7.4% but faces significant challenges, including supply chain issues and food inflation, with a 1-year beta of -0.05 and a 5-year beta of 0.08 [17][21]. - Cal-Maine Foods (CALM) boasts an 8.0% yield and has seen a 60% increase year-to-date, with a 1-year beta of 0.67 and a 5-year beta of 0.19. The company has benefited from rising egg prices but faces income variability [23][24]. Group 2: Market Performance and Trends - The article highlights that low beta stocks tend to attract buyers during market downturns, which can help stabilize their share prices [3]. - The performance of low beta stocks like Kraft Heinz (KHC) and General Mills (GIS) has been disappointing, with low betas reflecting counter-market movements rather than stability [14][15]. - The overall trend indicates that while some low beta stocks have maintained dividends, their growth has been limited, and challenges remain in the current market environment [16][22].
Getty Realty (GTY) - 2025 Q2 - Quarterly Report
2025-07-24 20:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-13777 GETTY REALTY CORP. (Exact Name of Registrant as Specified in Its Charter) Maryland 11-3412575 (State or Other Jurisdiction ...
Getty Realty (GTY) - 2025 Q2 - Earnings Call Transcript
2025-07-24 13:30
Financial Data and Key Metrics Changes - The company reported an annualized base rent growth of 9.9%, reaching approximately $204 million during the second quarter [6] - Adjusted Funds from Operations (AFFO) per share increased by 1.7% year-over-year to $0.59 [6][19] - Rent collections remained nearly 100%, with annual rent increases averaging 1.8% [6][10] Business Line Data and Key Metrics Changes - The company invested $66.1 million in the second quarter at an initial cash yield of 8.1% [13] - The trailing twelve months rent coverage ratio was reported at 2.6 times, indicating strong tenant performance [10][12] - The portfolio included 11.32 net leased properties with an occupancy rate of 99.7% and a weighted average lease term of ten years [12] Market Data and Key Metrics Changes - 61% of annualized base rent came from the top 50 Metropolitan Statistical Areas (MSAs), and 76% from the top 100 MSAs [12] - The investment pipeline includes over $90 million in acquisitions or development funding, primarily in automotive service centers [9][14] Company Strategy and Development Direction - The company focuses on well-located convenience and automotive retail properties, which are considered recession-resistant [10] - The strategy emphasizes market fundamentals and strong lease terms to mitigate credit risks [11] - The company aims to continue scaling its operations and diversifying its tenant base [11][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sectors they invest in and the ability to scale the company further [10] - The company is increasing its full-year 2025 AFFO per share guidance to a range of $2.40 to $2.41, up from $2.38 to $2.41 [20] - Management noted a constructive stance towards investment activity, indicating a return to growth among tenants [29][30] Other Important Information - The company has no debt maturities until 2028, with a weighted average debt maturity of 5.1 years and a weighted average cost of debt at 4.5% [19] - The company maintains a strong capital position with over $400 million in total liquidity [19] Q&A Session Summary Question: What do you attribute the accelerating investment activity to? - Management noted a willingness to return to the transaction market, with companies seeking capital for growth [22][23] Question: Can you discuss your comfort level on the car wash space? - Management expressed comfort with the express tunnel car wash sector, noting a focus on profitability and a slowdown in new store counts [25][26] Question: Is there a suggestion of a narrowing bid-ask spread? - Management indicated that there was a return to growth among tenants, contributing to a more constructive investment environment [29][30] Question: How is the investment pipeline expected to play out in the back half of the year? - Management expects continued acquisition activity and a strong pipeline, with a focus on closing more deals [36][38] Question: Are there any changes in lease structure or escalators? - Management confirmed no significant changes to lease structures, maintaining a focus on unitary master leases with escalations around 2% [32] Question: Is the company looking for new investment opportunities outside existing verticals? - Management clarified that there are no current plans to expand beyond the four primary target sectors [66] Question: Can you provide insight into the environmental expense accrual? - Management explained that the accrual relates to ongoing litigation and is a positive step in estimating potential settlements [68]
Getty Realty (GTY) - 2025 Q2 - Earnings Call Presentation
2025-07-24 12:30
Financial Performance - Q2 2025 Adjusted Funds From Operations (AFFO) increased by 5.6% to $34 million[9] - Q2 2025 AFFO per share increased by 1.7% to $0.59[9] - Year-to-date (YTD) AFFO increased by 6.6% to $67.8 million[12] - YTD AFFO per share increased by 3.5% to $1.19[12] - Increased FY2025 AFFO guidance to $2.40 - $2.41 per share from $2.38 - $2.41 per share[9] Portfolio Metrics - Invested $95.5 million at an 8.1% initial cash yield YTD[9] - Portfolio occupancy is 99.7%[12] - Weighted average lease term (WALT) is 10.0 years[12, 44, 109] - Tenant rent coverage is 2.6x[12, 17, 44, 114] - 99.9% YTD rent collections[12] Investment and Capital Structure - More than $90 million of investments are under contract, with the majority expected to close in 6-9 months[9] - Total liquidity exceeds $400 million, including $7 million in cash, $119 million in unsettled forward equity, and $275 million in revolver capacity[12] - Net debt to EBITDA is 5.2x (4.6x pro forma for unsettled forward equity)[12]
Getty Realty: Q2 Should Allay Market Fears
Seeking Alpha· 2025-07-24 01:04
Group 1 - Getty Realty (NYSE: GTY) has underperformed over the past year, losing approximately 13% of its value [1] - The company's reliance on capital market access to finance its growth ambitions has negatively impacted its stock performance [1]
Getty Realty (GTY) Q2 FFO Lag Estimates
ZACKS· 2025-07-23 22:25
Core Viewpoint - Getty Realty reported quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share, representing an FFO surprise of -1.67% [1][2] Financial Performance - The company posted revenues of $52.72 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.16%, compared to $48.72 million in the same quarter last year [2] - Over the last four quarters, Getty Realty has surpassed consensus FFO estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Getty Realty shares have declined approximately 9.5% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the coming quarter is $0.61 on revenues of $52.99 million, and for the current fiscal year, it is $2.41 on revenues of $210.76 million [7] - The estimate revisions trend for Getty Realty was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The REIT and Equity Trust - Other industry is currently in the bottom 37% of over 250 Zacks industries, which may impact stock performance [8]
Getty Realty (GTY) - 2025 Q2 - Quarterly Results
2025-07-23 20:30
Exhibit 99.1 FOR IMMEDIATE RELEASE GETTY REALTY CORP. ANNOUNCES SECOND QUARTER 2025 RESULTS - Reports $95 Million of Year-to-Date Investment Activity - - Increases 2025 Full Year Earnings Guidance - NEW YORK, NY, July 23, 2025 — 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 June 30, 2025. Second Quarter 2025 Highlights "Getty delivered another quar ...