Getty Rlty Corp - GTY STOCK NEWS

Getty Realty Corp (NYSE: GTY), a net lease REIT specializing in convenience and automotive retail real estate, has announced its regular quarterly cash dividend. The company declared a dividend of $0.47 per common share, payable on July 10, 2025, to shareholders of record as of June 26, 2025.

The company's portfolio, as of December 31, 2024, comprises 1,118 freestanding properties spread across 42 states and Washington, D.C. Getty Realty focuses on the acquisition, financing, and development of convenience, automotive, and other single-tenant retail real estate properties.

Getty Realty Corp. (NYSE: GTY), a net lease REIT specializing in convenience and automotive retail real estate, has scheduled its first quarter 2025 financial results release for April 23, 2025 after market close. The company will host a conference call and webcast on April 24, 2025 at 8:30 a.m. EDT.

Investors can participate via phone (1-877-423-9813 domestic, 1-201-689-8573 international) or through the live webcast available on the company's investor relations website. A replay will be accessible from April 24 at 11:30 a.m. EDT through May 1, 2025.

As of December 31, 2024, Getty Realty's portfolio comprised 1,118 freestanding properties across 42 states and Washington, D.C.

Getty Realty Corp. (NYSE: GTY) reported strong Q4 and full-year 2024 results. For Q4, the company achieved net earnings of $0.39 per share, FFO of $0.57 per share, and AFFO of $0.60 per share, investing $76.4 million across 21 properties at an 8.9% initial cash yield.

Full-year 2024 highlights include net earnings of $1.25 per share, FFO of $2.21 per share, and AFFO of $2.34 per share, representing a 4.0% increase in AFFO per share. The company invested $209.0 million across 78 properties at an 8.3% initial cash yield. Base rental income grew 14.3% to $185.0 million for the full year.

The company raised approximately $290 million in 2024 and has nearly $240 million of committed equity and debt capital available for acquisitions. Getty updated its 2025 AFFO guidance to $2.38-$2.41 per diluted share, adjusted from the initial $2.40-$2.42 range due to a recent tenant bankruptcy filing.

Getty Realty Corp. (NYSE: GTY), a net lease REIT specializing in convenience and automotive retail real estate, has announced its regular quarterly dividend. The company's Board of Directors has declared a cash dividend of $0.47 per common share, which will be payable on April 10, 2025, to shareholders of record as of March 27, 2025.

As of December 31, 2024, Getty's portfolio encompasses 1,118 freestanding properties spread across 42 states and Washington, D.C. The company focuses on acquiring, financing, and developing convenience, automotive, and other single-tenant retail properties under net lease arrangements.

Getty Realty Corp. (NYSE: GTY) has announced an expansion of its senior unsecured revolving credit facility to $450 million, up from its previous amount. The Credit Facility will mature in January 2029, with options to extend to January 2030, and includes an accordion option for additional lender commitments up to $300 million.

The company used the increased capacity to repay its $150 million senior unsecured term loan that was due in October 2025. This amount remains drawn on the Credit Facility and continues to be subject to interest rate swaps that fixed SOFR at 4.73% until October 2026 or earlier repayment.

As of December 31, 2024, Getty's portfolio included 1,118 freestanding properties across 42 states and Washington, D.C. The company now has no debt maturities until June 2028.

Getty Realty Corp. (NYSE: GTY) has disclosed the tax treatment of its 2024 dividend distributions for common stock shareholders. The company distributed a total of $1.80 per share throughout 2024, paid in four quarterly installments of $0.45 each. The tax breakdown shows that $1.228048 per share qualifies as Ordinary Income (Box 1a), while $0.571952 per share represents Non-Dividend Distributions (Box 3). No capital gains were reported for the year.

Getty Realty Corp. operates as a net lease REIT, focusing on convenience, automotive, and single-tenant retail real estate. As of December 31, 2024, the company's portfolio comprised 1,118 freestanding properties across 42 states and Washington, D.C.

Getty Realty Corp (NYSE: GTY) reported significant investment and capital activities for 2024. The company invested $209 million in convenience and automotive retail assets at an 8.3% initial cash yield, with $76 million invested in Q4 at an 8.9% yield. The REIT raised approximately $289 million in new equity and debt capital, including $32 million through ATM equity program and $125 million in unsecured notes.

Portfolio activities included acquiring 31 express tunnel car washes, 19 auto service centers, 17 convenience stores, and four drive-thru restaurants. The company sold 31 properties for $13 million. Getty has established its 2025 AFFO guidance at $2.40 to $2.42 per diluted share and maintains a committed investment pipeline of over $29 million for 15 convenience and automotive retail assets.

Getty Realty Corp. (NYSE: GTY) has announced it will release its Q4 2024 financial results after market close on February 12, 2025. The company will host a conference call and webcast on February 13, 2025, at 8:30 a.m. EST. A replay will be available from 11:30 a.m. EST on February 13 through February 20, 2025.

Getty Realty is a net lease REIT focused on convenience, automotive and single tenant retail real estate. As of September 30, 2024, the company's portfolio comprised 1,108 freestanding properties across 42 states and Washington, D.C.

Getty Realty Corp. (NYSE: GTY) has closed a $125 million private placement of senior unsecured notes, comprising $50 million notes at 5.52% maturing September 2029 and $75 million notes at 5.70% maturing February 2032. The notes, funding on February 25, 2025, will be used to repay $50 million 4.75% Series C notes due February 2025 and for general corporate purposes. The placement was made with New York Life Insurance Company and The Prudential Insurance Company of America. Getty Realty, a net lease REIT, currently manages 1,108 properties across 42 states and Washington, D.C.