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 (GTY) is a leading real estate investment trust (REIT) specializing in convenience store, automotive, and fuel station properties. This page provides investors and stakeholders with timely updates on GTY's corporate developments, financial performance, and strategic initiatives within the net lease real estate sector.
Access official press releases, earnings announcements, and market analyses in one centralized location. Stay informed about property acquisitions, lease agreements, redevelopment projects, and dividend declarations through verified sources. Our curated news collection eliminates the need to track multiple platforms, delivering essential updates with clarity and accuracy.
Key coverage areas include quarterly financial results, portfolio expansion activities, leadership updates, and sustainability initiatives. All content maintains strict editorial standards to ensure compliance with financial disclosure regulations. Bookmark this page for efficient tracking of GTY's evolving position in the convenience retail real estate market.
Getty Realty Corp. (NYSE: GTY) has announced a private placement of $225 million of senior unsecured notes. This includes $100 million priced at 3.45% maturing on February 22, 2032, and $125 million at 3.65% maturing on January 20, 2033. Proceeds from the notes will be utilized to repay the revolving credit facility and fund investment activities. The financing is aimed at refinancing existing senior unsecured notes due in June 2023. The notes will not be registered under U.S. securities laws and are not available for public sale.
Getty Realty Corp. (NYSE: GTY) announced its 2021 dividend distribution allocations for common stock. The total distribution per share amounts to $1.560, with ordinary income at $0.390 per share, capital gains of $1.1397, and non-dividend distributions totaling $0.3344. The dividends are payable on January 7, 2021, following a record date of December 24, 2020. For investors, this continues to signify the company’s commitment to returning value through dividends.
Getty Realty Corp. (NYSE: GTY) is set to report its financial results for Q4 2021 on February 23, 2022, after market closure. A conference call will be hosted on February 24, 2022, at 8:30 a.m. EST, accessible via phone and live webcast. A replay of the call will be available later for those who cannot attend live. As of September 30, 2021, Getty Realty's portfolio includes 1,021 properties across 36 states and Washington, D.C., focusing on net lease retail and automotive real estate.
Getty Realty Corp. (NYSE: GTY) mourns the loss of its co-founder and former Chairman, Leo Liebowitz, who passed away on December 12, 2021. Mr. Liebowitz dedicated over 60 years to the company, significantly contributing to its transformation from a single gas station to a national real estate investment trust with over 1,000 leased properties. His leadership included roles as CEO and President, and he was known for his personal connection with employees. The company expresses heartfelt condolences to his family during this difficult time.
Getty Realty Corp. (NYSE: GTY) reported third-quarter results for 2021, showing net earnings of $14.0 million ($0.30 per share) and FFO of $22.0 million ($0.48 per share). The company increased its annual guidance for AFFO to $1.93-$1.94 per diluted share. Year-to-date investments reached $145 million across 82 properties, bolstered by $61.1 million in Q3. Revenues from rental properties increased 6.7% to $39.7 million, driven by acquisitions and contractual rent hikes. General and administrative expenses rose 11.9%, largely due to employee-related costs.
Getty Realty Corp. announced a new revolving credit agreement that extends its maturity to
The agreement lowers the interest rate by 20 to 50 basis points based on the company’s debt-to-asset ratio and adjusts covenant provisions for compliance with investment-grade standards.
An accordion feature allows for an increase of up to
Getty Realty Corp. (NYSE: GTY) announced a cash dividend of $0.41 per common share, marking a 5.1% increase over the previous quarter. This dividend will be payable on January 6, 2022, to shareholders on record as of December 23, 2021.
The company, a net lease REIT, specializes in convenience and automotive retail real estate, owning 951 properties and leasing 54 properties in 35 states and Washington, D.C.
Getty Realty Corp. (NYSE: GTY) is set to release its third-quarter financial results for the period ending September 30, 2021, after market hours on Wednesday, October 27, 2021. A conference call will be held on Thursday, October 28, 2021, at 8:30 a.m. ET, accessible via phone or live webcast from the company's investor relations website. For those unable to attend live, a replay will be available starting from 11:30 a.m. ET on the same day through November 4, 2021.
Getty Realty Corp. (GTY) reported its financial results for Q2 2021, showing a net earnings increase to $12.9 million ($0.28/share) from $11.0 million ($0.26/share) in Q2 2020. Funds from Operations (FFO) rose to $22.0 million ($0.49/share) compared to $18.6 million ($0.44/share) the previous year. The company invested $44.1 million across 53 properties in Q2, contributing to an 11% rise in Adjusted Funds From Operations (AFFO) per share. Getty increased its 2021 AFFO guidance to $1.89-$1.91 per share due to strong capital market activities.
Getty Realty Corp. (NYSE: GTY) has declared a cash dividend of $0.39 per common share, payable on October 7, 2021, to shareholders on record as of September 23, 2021. The company, a net lease REIT, focuses on the acquisition, financing, and development of single-tenant retail real estate. As of June 30, 2021, Getty owned 951 properties and leased 54 properties across 35 states and Washington, D.C.
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