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Getty Realty Corp. Announces Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-23 20:05
- 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 Operatio ...
Getty Realty Corp. Announces Increased Quarterly Cash Dividend
GlobeNewswire News Room· 2024-10-22 20:05
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 ...
Getty Realty: Double-Digit AFFO Growth, Near 6% Yield Make Them A Long-Term Buy
Seeking Alpha· 2024-10-16 11:06
Since REITs have cooled off a bit since rallying this past July, some may present attractive buying opportunities, especially if you're an investor with a long-term outlook. Although many have seen solid price appreciation the past three months, many yields are Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes onl ...
Getty Realty: Profitable, Solvent, And Undervalued
Seeking Alpha· 2024-09-08 13:37
buzbuzzer Getty Realty Corp. (NYSE:GTY), incorporated in 1955 and headquartered in New York, NY, is a net-lease REIT that primarily acquires, finances, and develops convenience and automotive single-tenant retail real estate assets. Despite some risks faced by market concentration and changes in interest rates, GTY has potential. The REIT's portfolio is mostly in markets with lower than average unemployment rates, its tenant base is well-diversified consisting of stable businesses, and its performance in th ...
The 3 Best Stocks to Buy Doing Successful Secondary Offerings in 2024
Investor Place· 2024-08-02 19:31
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. According to Renaissance, 39 IPOs raised nearly $9 billion in the second quarter, 35% higher than Q2 2023 and 324% higher than Q2 2022. Approximately 20 companies raised more than $100 million in their IPOs. Late in the second quarter, Dutch Bros (NYSE:BROS) conducted a $344 million seconda ...
Getty Realty Corp.: A Single Tenant Retail REIT Offering Investors An Attractive Yield Of 5.97%
Seeking Alpha· 2024-08-02 14:46
1000 i th F l in i i ill #1 th 1 t l Kwarkot As an income-focused investor with a preference for companies that are positioned throughout the retail sector, I wanted to explore several reasons as to why I'm considering taking a position in shares of Getty Realty Corp. (NYSE:GTY), which are currently trading at $30.36 per share and offering investors an annualized yield of 5.97% ($1.81 per share). Company Overview Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financ ...
Getty Realty Corp. Announces Pricing of Public Offering of 3,500,000 Shares of Common Stock
Newsfilter· 2024-07-30 11:00
In connection with the offering of shares of its common stock, the Company expects to enter into forward sale agreements with each of BofA Securities, J.P. Morgan and KeyBanc Capital Markets (or their respective affiliates), each referred to in this capacity as the forward purchaser. In connection with such forward sale agreements, the forward purchasers (or their affiliates) are expected to borrow from third parties and sell to the underwriters an aggregate of 3,500,000 shares of the Company's common stock ...
Getty Realty Corp. Announces Common Stock Offering
Newsfilter· 2024-07-29 20:03
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 M ...
Getty Realty (GTY) - 2024 Q2 - Quarterly Report
2024-07-25 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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) (State or Other Jurisdiction of Incorporation or Organization) FORM 10-Q incl (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period end ...
Getty Realty (GTY) - 2024 Q2 - Earnings Call Presentation
2024-07-25 15:06
2019 $92 $13 NET DEBT TO EBITDA FREESTANDING RETAIL PROPERTIES OFFERING ESSENTIAL o Convenience Stores – Tire & Battery o Strong traffic counts o New builds / latest prototypes o Easy access o High visibility PROPERTY ATTRIBUTES | --- | --- | --- | |----------------|-------|-------------------------------| | | | PORTFOLIO COMPOSITION (% ABR) | | | | Convenience Stores | | 63.4% | | Express Tunnel Car Washes | | | | | | | | Legacy Gas & Repair | | | | Auto Service Centers | | | 19.6% | Drive Thru QSRs | | 0. ...