Getty Rlty Corp Stock Price, News & Analysis

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.