Getty Realty Corp. reports recurring developments as a net lease REIT focused on convenience and automotive retail real estate. Its updates center on rental income, property acquisitions, development funding and sale-leaseback activity across convenience stores, auto service centers, express tunnel car washes, drive-thru quick service restaurants and other freestanding retail properties.
Company news also covers quarterly financial results, FFO and AFFO measures, earnings guidance, regular common-stock dividends, tenant lease extensions, annual base rent exposure, weighted average lease term changes and capital actions such as common-stock offerings, senior unsecured notes and revolving credit facility repayments.
Getty Realty Corp. (NYSE: GTY) announces the retirement of Richard E. Montag from its Board of Directors, effective February 21, 2023. Montag served for over 12 years, contributing significantly as a member of the Audit and Compensation Committees. He previously held a senior executive role in the real estate sector, notably as Vice President at the Richard E. Jacobs Group. Getty's President, Christopher J. Constant, expressed gratitude for Montag's contributions and expertise in real estate management, stating he will be missed. As of December 31, 2022, Getty's portfolio comprises 1,039 properties across 38 states and Washington, D.C.
Getty Realty Corp. (NYSE: GTY) reported fourth quarter and full year 2022 financial results, exceeding guidance. For Q4, net earnings were $0.57 per share, FFO was $0.63, and AFFO was $0.55. The full year saw net earnings of $1.88 per share, FFO of $2.44, and AFFO of $2.14. The company invested $83.3 million in 36 properties during Q4 and $157.5 million in 52 properties in 2022. A 5% dividend increase was approved, marking eight consecutive years of growth. The 2023 AFFO guidance is reaffirmed at $2.19 to $2.21 per diluted share, supported by a $110 million investment pipeline. The strong investment activity reflects strategic growth amidst market uncertainties.
Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.43 per common share, set for payment on April 6, 2023. Shareholders on record until March 23, 2023 will be eligible for this dividend. As of December 31, 2022, Getty Realty's portfolio comprises 1,039 properties across 38 states and Washington, D.C., focusing on net lease real estate in convenience and automotive sectors.
Getty Realty Corp. (NYSE: GTY) announced the issuance of $125 million in senior unsecured notes at a fixed rate of 3.65%, maturing on January 20, 2033. The proceeds will fully prepay its $75 million 5.35% Series B senior unsecured notes due June 2, 2023, and fund investment activities. The notes were privately placed with affiliates of Prudential, MassMutual, and New York Life. These notes will not be registered under the U.S. Securities Act of 1933.
Getty Realty specializes in net lease real estate and operates 1,039 properties across 38 states and Washington, D.C.
Getty Realty Corp. (NYSE: GTY) has officially allocated its 2022 dividend distributions for common stock, revealing a total distribution of $1.640000 per share, which includes $1.264124 as ordinary income. The dividends, detailed on Form 1099-DIV, were distributed across several record and payable dates from December 2021 to September 2022. Key dates include a record date of 12/23/2021 with a payable date of 1/6/2022. The company specializes in acquiring and developing retail real estate, operating 1,039 properties in 38 states and Washington, D.C. as of December 31, 2022.
Getty Realty Corp. (NYSE: GTY) reported its Q4 and full-year 2022 activities, highlighting a $157 million investment across 52 properties. As of December 31, 2022, the firm had a committed investment pipeline exceeding $100 million for 28 new projects. The Company plans to sell 3.7 million shares for $117.6 million via its ATM program. For 2023, Getty projects an AFFO of $2.19 to $2.21 per share. CEO Christopher J. Constant noted strong capital raises and investment activities despite market challenges.
Getty Realty Corp. (NYSE: GTY) will release its fourth-quarter financial results for the period ended December 31, 2022, on February 22, 2023, after market close. A conference call and webcast will follow on February 23, 2023, at 8:30 a.m. EDT, allowing investors to engage by dialing 1-877-423-9813 or accessing the call via the company's website. A replay will be available from 11:30 a.m. EDT on February 23 to 11:59 p.m. EDT on March 2, 2023. Getty Realty specializes in net lease retail real estate, maintaining a diverse portfolio of 1,021 properties across 38 states and D.C.
Getty Realty Corp. (NYSE: GTY) has announced the results of its 2022 Getty Gives campaign, aimed at enhancing its ESG initiatives. Launched in June 2022, this program allows employees to support charitable causes via corporate donations, matching funds, and volunteer time. In 2022, Getty contributed $10,000 each to the NACS Foundation and SCO Family of Services, alongside over $5,000 in employee donation matching. As of September 30, 2022, Getty Realty owns 1,021 properties across 38 states and Washington D.C.
Getty Realty Corp. (NYSE: GTY) reported its Q3 2022 financial results, highlighting a net earnings of $0.27 per share and Funds From Operations (FFO) of $0.50 per share. The company expanded its investment pipeline to over $150 million for the acquisition and development of 44 properties. Base rental income increased by 7.4% and 8.0% for Q3 and YTD September respectively. A $16,617 credit from environmental obligation removal improved net earnings. Full-year AFFO guidance is raised to $2.12 - $2.13 per diluted share.
Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.43 per common share, marking a 4.9% increase from the previous quarter. This dividend is scheduled for payment on January 5, 2023, to shareholders on record as of December 22, 2022. The company operates a portfolio of 1,024 properties across 38 states and Washington, D.C., focusing on net lease real estate.