Welcome to our dedicated page for Getty Rlty news (Ticker: GTY), a resource for investors and traders seeking the latest updates and insights on Getty Rlty stock.
Getty Realty Corp. (NYSE: GTY) is a net lease REIT focused on the acquisition, financing and development of convenience, automotive and other single-tenant retail real estate. The GTY news page on Stock Titan aggregates the company’s latest press releases and market updates so readers can follow developments affecting its portfolio of freestanding properties across 44 states and Washington, D.C.
News about Getty Realty frequently covers investment activity, such as acquisitions of convenience stores, drive-thru quick service restaurants, express tunnel car washes, auto service centers and auto parts stores. The company also reports on its development funding for new-to-industry automotive and car wash sites, as well as its committed investment pipeline for future convenience and automotive retail properties.
Investors can also find regular updates on quarterly and annual financial results, including rental income trends, FFO and AFFO performance, property dispositions, redevelopment projects and changes in environmental expenses. Capital markets announcements, such as private placements of senior unsecured notes, activity under the unsecured revolving credit facility and equity issuance through forward sale agreements, are another recurring theme in Getty Realty’s news flow.
In addition, Getty Realty publishes information on dividend declarations and its history of consecutive annual dividend increases, as well as corporate responsibility initiatives like the Getty Gives program, which supports charitable organizations and employee volunteerism. For anyone tracking GTY stock, this news page offers a centralized view of how the company is expanding and managing its net lease portfolio, financing its growth and engaging with communities. Bookmark this page to review new releases, transaction updates and financial announcements as they are reported.
Getty Realty Corp. (NYSE:GTY) announced that Leo Liebowitz, its Chairman & Co-Founder, will retire from the Board effective February 23, 2021. Mr. Liebowitz served the company for over 50 years, previously holding roles as CEO and President. He co-founded Getty by acquiring a gas station in 1955 and led transformative acquisitions, including the Northeastern gasoline stations from Getty Oil. Under his leadership, the company evolved into a prominent real estate investment trust owning over 950 automotive-related properties. Christopher J. Constant praised his significant contributions.
Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.39 per common share, set to be paid on April 8, 2021, to shareholders on record as of March 25, 2021. The company is a prominent real estate investment trust (REIT) in the U.S., focusing on the acquisition and management of convenience stores and automotive-related properties. As of December 31, 2020, Getty owned 901 properties and leased 58 properties in 35 states and Washington, D.C.
Getty Realty Corp. (GTY) announced its 2020 financial results, reporting net earnings of $69.4 million ($1.62/share) and Funds From Operations (FFO) of $99.3 million ($2.31/share). The fourth quarter saw net earnings of $33.8 million ($0.77/share) and FFO of $40 million ($0.91/share). The company maintained strong rent collections at 98% for the year, benefiting from strategic acquisitions totaling $150 million and the completion of six redevelopment projects. They anticipate 2021 Adjusted Funds From Operations (AFFO) in the range of $1.86 to $1.88/share.
Getty Realty Corp. (NYSE: GTY) will release its financial results for the fourth quarter and year ended December 31, 2020, on February 23, 2021. A conference call will follow on February 24, 2021, at 8:30 a.m. EST for stakeholders to discuss these results. Participants can join via phone or webcast through the company’s investor website. Additionally, a replay of the call will be available from February 24 to March 3, 2021. Getty Realty is a top real estate investment trust in the U.S., owning 896 properties and leasing 58 in 35 states and D.C.
Getty Realty Corp. (NYSE: GTY) has announced the allocations for its 2020 dividend distributions on common stock, totaling $1.4781 per share. The dividend includes $1.3109 as ordinary income and $0.0497 as capital gains. Key dates include a record date of December 26, 2019, and a payable date of January 9, 2020. The company, which specializes in real estate investment trusts focused on convenience stores and gas stations, owned 896 properties and leased 58 as of September 30, 2020.
Getty Realty Corp. (NYSE:GTY) has issued $175 million in senior unsecured notes, maturing in 2030 with a fixed interest rate of 3.43%. The notes were privately placed with Prudential, AIG, and MassMutual, following similar terms as existing notes. The proceeds will fully prepay $100 million of 6.0% Series A notes due February 2021 and repay $75 million of revolving credit debt. The press release serves only informational purposes and is not an offer to sell securities.
As of September 30, 2020, Getty Realty owned 896 properties across 35 states and Washington, D.C.
Getty Realty Corp. (NYSE: GTY) announced the appointment of Brian R. Dickman as Executive Vice President, Chief Financial Officer, and Treasurer, effective December 14, 2020. Dickman succeeds Danion Fielding, who is resigning for personal reasons but will remain in the role until December 11, 2020. With over 15 years of REIT experience, including leadership roles at other public companies, Dickman is expected to ensure a smooth transition and continue executing Getty's strategic plans. As of September 30, 2020, Getty owned 896 properties across 35 states.
Getty Realty Corp. (NYSE: GTY) has announced an increase in its regular quarterly cash dividend to $0.39 per common share. This dividend will be payable on January 7, 2021, to shareholders on record as of December 24, 2020. As of September 30, 2020, Getty Realty owns 896 properties and leases 58 properties, making it a leading publicly traded real estate investment trust focused on convenience store and gasoline station properties in the U.S.
Getty Realty Corp. (GTY) reported its financial results for Q3 2020, showing net earnings of $11.9 million ($0.27 per share) and Funds From Operations (FFO) of $20.8 million ($0.48 per share). The company acquired nine properties totaling $36.1 million and demonstrated strong rent collection at 98% for October. Despite the ongoing COVID-19 pandemic, the firm has maintained solid performance due to its essential tenant portfolio. However, it withdrew its 2020 earnings guidance amidst economic uncertainty.
Getty Realty Corp. (NYSE:GTY) will announce its third-quarter financial results for the period ending September 30, 2020, on October 21, 2020, after market hours. A conference call and webcast will take place on October 22, 2020, at 8:30 a.m. EDT, with participation options available by phone or via the company’s website. Getty Realty Corp. specializes in convenience store and gasoline station properties, owning 887 properties and leasing 59 from third-party landlords across 35 states and Washington, D.C.
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