GTY
Getty Realty Corp
About: Getty Realty Corp is the real estate investment trust in the U.S. specializing in the acquisition, financing, and development of convenience, automotive, and other single tenant retail real estate. The company's portfolio includes convenience stores, car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, collision), automotive parts retailers, and certain other freestanding retail properties, including drive-thru quick service restaurants. It generates majority of the revenue in the form of rental income.
Employees: 29
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
257% more call options, than puts
Call options by funds: $461K | Put options by funds: $129K
20% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 79
16% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 25
5.47% more ownership
Funds ownership: 79.95% [Q3] → 85.43% (+5.47%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
0% less funds holding
Funds holding: 250 [Q3] → 249 (-1) [Q4]
4% less capital invested
Capital invested by funds: $1.48B [Q3] → $1.42B (-$58.4M) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$34
12%
upside
Avg. target
$34
12%
upside
High target
$34
12%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
JMP Securities Mitch Germain 53% 1-year accuracy 20 / 38 met price target | 12%upside $34 | Market Outperform Reiterated | 10 Jan 2025 |
Financial journalist opinion
Based on 10 articles about GTY published over the past 30 days
Negative
Seeking Alpha
19 hours ago
The State Of REITs: February 2025 Edition
After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas small caps (-0.95%) and micro caps (-7.80%) started the year in the red. Only 42.58% of REIT securities had a positive total during the first month of 2025.
Neutral
Seeking Alpha
1 week ago
Getty Realty Corp. (GTY) Q4 2024 Earnings Call Transcript
Getty Realty Corp. (NYSE:GTY ) Q4 2024 Earnings Conference Call February 13, 2025 9:00 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 Mitch Germain - Citizens JMP Farrell Granath - Bank of America Wesley Golladay - Baird Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to Getty Realty's Fourth Quarter 2024 Earnings Call. This call is being recorded.
Positive
Zacks Investment Research
1 week ago
Getty Realty (GTY) Q4 FFO and Revenues Surpass Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to FFO of $0.57 per share a year ago.
Neutral
GlobeNewsWire
1 week ago
Getty Realty Corp. Announces Fourth Quarter and Full Year 2024 Results
- Delivers Strong Investment and Operating Results - NEW YORK, Feb. 12, 2025 (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 and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net earnings: $0.39 per share Funds From Operations (“FFO”): $0.57 per share Adjusted Funds From Operations (“AFFO”): $0.60 per share Invested $76.4 million across 21 properties at an 8.9% initial cash yield Full Year 2024 Highlights Net earnings: $1.25 per share FFO: $2.21 per share AFFO: $2.34 per share Invested $209.0 million across 78 properties at an 8.3% initial cash yield “We are pleased to report strong fourth quarter investment and operating results, which helped the Company achieve a 4.0% increase in AFFO per share in 2024," stated Christopher J.
Neutral
GlobeNewsWire
1 week ago
Getty Realty Corp. Announces Regular Quarterly Cash Dividend
NEW YORK, Feb. 11, 2025 (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 that its Board of Directors declared a cash dividend of $0.47 per common share payable on April 10, 2025 to holders of record on March 27, 2025.
Positive
Seeking Alpha
1 week ago
Adapting To Change: Getty Realty And The EV Transition
Getty Realty Corp. generates most of its revenue from leasing properties to fuel stations, a sector that needs to adapt to rising EV adoption and improved fuel efficiency. GTY's lack of DC Fast Charging stations means missing out on potential revenue from charging and associated spend of EV drivers at co-located convenience stores/QSRs. Despite minimal exposure to California, geographic diversification does not shield GTY from the EV transition. We see significant YoY growth in new EV registrations across key states of its portfolio.
Negative
Seeking Alpha
2 weeks ago
REITs To Avoid This Year
I am very bullish on REITs. But I still recognize that this sector is full of landmines. I highlight REITs to avoid this year.
Neutral
Seeking Alpha
2 weeks ago
1 REIT To Sell And 1 Strong Buy
Many REITs are historically cheap today. Some are cheap for a good reason. Others are just undervalued. I present a good example of that.
Positive
Seeking Alpha
4 weeks ago
Getty Realty: This Overlooked Near 6% Yielder Is Even More Attractive Than Before
Getty Realty Corp. is an attractive REIT with a near 6% yield, strong fundamentals, and solid investment activity, making it a compelling buy for income investors. GTY's Q3 performance was impressive, beating revenue and FFO estimates, raising full-year AFFO guidance, and maintaining a high occupancy rate of 99.7%. The REIT has deleveraged its balance sheet, improved liquidity, and is well-positioned to benefit from declining interest rates, enhancing its long-term growth potential.
Neutral
GlobeNewsWire
4 weeks ago
Getty Realty Corp. Announces Expanded $450 Million Credit Facility
– Repays Outstanding Term Loan and Extends Maturity to 2029 – – Company Has No Debt Maturities Until June 2028 –
Charts implemented using Lightweight Charts™