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 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.