Getty Realty (GTY)

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Getty Realty: Consistent Growth At A Cheap Multiple
Seeking Alpha· 2024-06-20 19:52
1 198 - i 1181 jax10289 Getty Realty's (NYSE:GTY) fundamentals and market price have diverged. Specifically, its AFFO/share has consistently grown at a healthy pace while its market price has fallen. Consequently, the stock has moved from fair value to materially undervalued. As it stands today, Getty is trading at an 8.3% implied cap rate and 11.5X AFFO multiple while having a clear runway of steady earnings growth. I believe the AFFO multiple substantially undervalues the company's reliability and growth, ...
Getty Realty Is Getting Risky - The Good And The Bad
Seeking Alpha· 2024-06-07 03:47
pictafolio Introduction GTY's Investor Presentation Entity Reference rationale NTST Triple net lease REIT that targets retail/service-oriented properties. It has 628 investments. EPRT Triple net lease REIT that targets retail/service-oriented properties. It owns 1937 properties. ADC Triple net lease REIT that targets retail/service-oriented properties. It owns 2161 properties. NNN Triple net lease REIT that targets retail/service-oriented properties. It owns 3546 properties. Without further ado, let's revie ...
Getty Realty Corp. Publishes 2024 Corporate Responsibility Report
GlobeNewswire News Room· 2024-06-03 12:00
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 For ...
Getty Realty: Shares Can Be Attractive Even With Slower Investment
seekingalpha.com· 2024-05-20 22:53
Jacobs Stock Photography Ltd Shares of Getty Realty (NYSE:GTY) have been a meaningful underperformer over the past year. I last covered shares in January, rating them a "buy." However, since that recommendation, shares have lost 1% while the market has rallied a further 11%. I continue to view Getty's business as stable, given strong debt coverage and long average lease terms. My primary concern has been on its equity-funded acquisitions. Still, deals have favorable economic terms. Acquisition growth may sl ...
Getty Realty (GTY) - 2024 Q1 - Quarterly Report
2024-04-26 20:45
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 March 31, 2024 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) (State or Other Jurisdiction of Incorporation o ...
Getty Realty (GTY) - 2024 Q1 - Earnings Call Transcript
2024-04-26 19:57
Getty Realty Corp. (NYSE:GTY) Q1 2024 Earnings Call Transcript April 26, 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 Todd Thomas - KeyBanc Capital Markets Anthony Paolone - JP M ...
Getty Realty (GTY) Q1 FFO Meet Estimates
Zacks Investment Research· 2024-04-25 22:46
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.57 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.56 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.57 per share when it actually produced FFO of $0.57, delivering no surprise.Over the last four quarters, the company has surpassed consensus FFO estimates just once.Getty Realty, which ...
Getty Realty (GTY) - 2024 Q1 - Quarterly Results
2024-04-25 21:15
Exhibit 99.1 FOR IMMEDIATE RELEASE NEW YORK, NY, April 25, 2024 — 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 "We are pleased with the Company's performance for the first quarter. Our healthy in-place portfolio delivered another quarter of consistent results, and we continued to execute on our strategic objectives to grow and diversify our portfolio through accretive acquisit ...
Getty Realty (GTY) - 2023 Q4 - Annual Report
2024-02-15 22:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-13777 GETTY REALTY CORP. (Exact name of registrant as specified in its charter) Maryland 11-3412575 (State or other jurisdiction of incorporation or organization) (I.R.S. employe ...
Getty Realty (GTY) - 2023 Q4 - Earnings Call Transcript
2024-02-15 15:51
Getty Realty Corp. (NYSE:GTY) Q4 2023 Results Conference Call February 15, 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 Antara Nag-Chaudhuri - KeyBanc Capital Markets Mitch Germain - Citizens JMP Securities Farre ...