Notizie in diretta • May 18
Getty Realty Draws Analyst Optimism With Q1 Earnings Beat and Expanded Investment Pipeline KeyBanc raised its price target on Getty Realty to $36 and kept an Overweight rating, pointing to strong liquidity and an expanded investment pipeline.
Getty Realty reported Q1 2026 earnings per share of $0.43 with revenue slightly above forecasts.
The company invested $30 million during the quarter, aligning with its stated growth-focused investment approach, while Citizens reiterated a Market Outperform rating and a $35 price target.
Analysts are reacting to Getty Realty’s Q1 2026 report with higher price targets and positive ratings, tying their views to the company’s balance sheet strength, recent investment activity and earnings relative to expectations.
For investors, a central consideration is whether Getty’s current valuation, earnings profile and pipeline fit their risk tolerance, particularly in light of the ongoing capital commitments implied by the US$30 million invested in the quarter. Declared Dividend • Apr 24
Dividend of US$0.48 announced Shareholders will receive a dividend of US$0.48. Ex-date: 25th June 2026 Payment date: 9th July 2026 Dividend yield will be 5.8%, which is higher than the industry average of 5.2%. Annuncio • Apr 23
Getty Realty Corp. announces Quarterly dividend, payable on July 09, 2026 Getty Realty Corp. announced Quarterly dividend of USD 0.4850 per share payable on July 09, 2026, ex-date on June 25, 2026 and record date on June 25, 2026. Annuncio • Mar 25
Getty Realty Corp. to Report Q1, 2026 Results on Apr 22, 2026 Getty Realty Corp. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Upcoming Dividend • Mar 19
Upcoming dividend of US$0.48 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 09 April 2026. Trailing yield: 5.8%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.6%). Annuncio • Mar 13
Getty Realty Corp., Annual General Meeting, Apr 21, 2026 Getty Realty Corp., Annual General Meeting, Apr 21, 2026. New Risk • Feb 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (16% increase in shares outstanding). Declared Dividend • Feb 13
Fourth quarter dividend of US$0.48 announced Shareholders will receive a dividend of US$0.48. Ex-date: 26th March 2026 Payment date: 9th April 2026 Dividend yield will be 5.7%, which is higher than the industry average of 5.2%. New Risk • Feb 12
New major risk - Revenue and earnings growth Earnings have declined by 2.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 2.7% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annuncio • Feb 11
Getty Realty Corp. Announces Regular Quarterly Cash Dividend, Payable on April 9, 2026 Getty Realty Corp. announced that its Board of Directors declared a cash dividend of $0.485 per common share payable on April 9, 2026 to holders of record on March 26,
2026. Annuncio • Jan 21
Getty Realty Corp. Announces Executive Changes Getty Realty Corp. announced that Mark J. Olear, Executive Vice President, Chief Investment Officer, and Chief Operating Officer, will retire from the Company effective February 27, 2026. Robert J. Ryan, Senior Vice President of Acquisitions, has been selected to succeed Mr. Olear as Chief Investment Officer. The position of Chief Operating Officer will not be backfilled. Mr. Ryan has contributed significantly to Getty’s real estate investment activities since joining the Company in March 2016 as Director of Real Estate. He was promoted to Senior Vice President of Acquisitions in February 2023 after previously serving as Vice President of Acquisitions and Senior Director of Real Estate and Development. Prior to joining Getty, Mr. Ryan served as Vice President of Asset Management for Marx Realty, a Manhattan based owner and developer of office and retail properties. Prior to Marx Realty, Mr. Ryan held various roles at Macerich, a leading owner, operator and developer of major retail and mixed-use developments. Until his retirement, Mr. Olear will continue to serve as Executive Vice President, Chief Investment Officer and Chief Operating Officer, and will work with Mr. Ryan and the rest of the management team to effect an orderly transition. For a period of time thereafter, it is anticipated that Mr. Olear will provide advisory and consulting services to the Company.
Mr. Ryan, age 47, joined the Company in March 2016 as Director of Real Estate & Development and was later promoted to Vice President of Acquisitions in 2018 and Senior Vice President of Acquisitions in February 2023. In these roles, Mr. Ryan has been responsible for, and has contributed significantly to, the Company’s real estate investment activities. Prior to joining the Company, Mr. Ryan served as Vice President of Asset Management for Marx Realty, a Manhattan-based owner and developer of office and retail properties, from 2011 to 2016. Prior to Marx Realty, Mr. Ryan held various roles of increasing responsibility at Macerich, a leading owner, operator and developer of major retail and mixed-use developments, from 2003 to 2011. Mr. Ryan earned a Bachelor of Science degree from Arizona State University. Annuncio • Dec 23
Getty Realty Corp. to Report Q4, 2025 Results on Feb 11, 2026 Getty Realty Corp. announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Upcoming Dividend • Dec 19
Upcoming dividend of US$0.48 per share Eligible shareholders must have bought the stock before 26 December 2025. Payment date: 08 January 2026. Trailing yield: 6.8%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (5.0%). Annuncio • Nov 20
Getty Realty Corp. announced that it expects to receive $250 million in funding Getty Realty Corp. announced that it has entered into a note purchase agreement and issued 5.76% Senior Unsecured Notes for gross proceeds of $250 million on November 20, 2025. The notes have a ten-year term. The Notes are scheduled to fund on January 22, 2026. The senior unsecured notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Act”) or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and applicable state securities laws." Major Estimate Revision • Oct 30
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$209.9m to US$214.1m. EPS estimate increased from US$1.14 to US$1.28 per share. Net income forecast to grow 13% next year vs 2.7% decline forecast for Retail REITs industry in the US. Consensus price target broadly unchanged at US$32.00. Share price fell 2.4% to US$27.56 over the past week. Declared Dividend • Oct 24
Dividend of US$0.48 announced Shareholders will receive a dividend of US$0.48. Ex-date: 26th December 2025 Payment date: 8th January 2026 Dividend yield will be 6.8%, which is higher than the industry average of 5.2%. Reported Earnings • Oct 23
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: FFO per share: US$0.7 (up from US$0.57 in 3Q 2024). Revenue: US$55.6m (up 8.0% from 3Q 2024). Funds from operations (FFO): US$37.6m (up 23% from 3Q 2024). FFO margin: 68% (up from 60% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Oct 22
Getty Realty Corp. Announces Increased Quarterly Cash Dividend, Payable on January 8, 2026 Getty Realty Corp. announced that its Board of Directors declared a cash dividend of $0.485 per common share, an increase of 3.2% over the previous quarterly dividend. The dividend is payable on January 8, 2026 to holders of record on December 26, 2025. Annuncio • Sep 24
Getty Realty Corp. to Report Q3, 2025 Results on Oct 22, 2025 Getty Realty Corp. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 22, 2025 Upcoming Dividend • Sep 18
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 25 September 2025. Payment date: 09 October 2025. Trailing yield: 6.8%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.8%). Declared Dividend • Jul 25
Dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 25th September 2025 Payment date: 9th October 2025 Dividend yield will be 6.8%, which is higher than the industry average of 5.2%. Reported Earnings • Jul 24
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$0.25 (down from US$0.30 in 2Q 2024). Revenue: US$53.3m (up 6.6% from 2Q 2024). Net income: US$14.0m (down 13% from 2Q 2024). Profit margin: 26% (down from 32% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Jul 23
Getty Realty Corp. Declares A Cash Dividend, Payable on October 9, 2025 Getty Realty Corp. announced that its Board of Directors declared a cash dividend of $0.47 per common share payable on October 9, 2025 to holders of record on September 25, 2025. Annuncio • Jun 25
Getty Realty Corp. to Report Q2, 2025 Results on Jul 23, 2025 Getty Realty Corp. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 10 July 2025. Trailing yield: 6.5%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.1%). Declared Dividend • Apr 25
Dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 26th June 2025 Payment date: 10th July 2025 Dividend yield will be 6.8%, which is higher than the industry average of 5.2%. Reported Earnings • Apr 24
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: FFO per share: US$0.6 (up from US$0.56 in 1Q 2024). Revenue: US$52.3m (up 6.9% from 1Q 2024). Funds from operations (FFO): US$31.7m (up 9.9% from 1Q 2024). FFO margin: 61% (up from 59% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Apr 23
Getty Realty Corp. Announces Regular Quarterly Cash Dividend, Payable on July 10, 2025 Getty Realty Corp. announced that its Board of Directors declared a cash dividend of $0.47 per common share payable on July 10, 2025 to holders of record on June 26, 2025. Annuncio • Mar 27
Getty Realty Corp. to Report Q1, 2025 Results on Apr 23, 2025 Getty Realty Corp. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 23, 2025 Upcoming Dividend • Mar 20
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 27 March 2025. Payment date: 10 April 2025. Trailing yield: 6.1%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (5.0%). Annuncio • Mar 14
Getty Realty Corp., Annual General Meeting, Apr 22, 2025 Getty Realty Corp., Annual General Meeting, Apr 22, 2025. Declared Dividend • Feb 14
Fourth quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 27th March 2025 Payment date: 10th April 2025 Dividend yield will be 6.1%, which is higher than the industry average of 5.2%. Reported Earnings • Feb 13
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: FFO per share: US$2.3 (up from US$2.07 in FY 2023). Revenue: US$203.4m (up 9.4% from FY 2023). Funds from operations (FFO): US$124.0m (up 20% from FY 2023). FFO margin: 61% (up from 56% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Dec 23
Getty Realty Corp. to Report Q4, 2024 Results on Feb 12, 2025 Getty Realty Corp. announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Upcoming Dividend • Dec 19
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 26 December 2024. Payment date: 09 January 2025. Trailing yield: 6.2%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (4.8%). Annuncio • Nov 27
Getty Realty Corp. announced that it has received $125 million in funding On November 25, 2024, Getty Realty Corp. closed the transaction. Declared Dividend • Oct 25
Dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 26th December 2024 Payment date: 9th January 2025 Dividend yield will be 5.6%, which is higher than the industry average of 5.2%. Annuncio • Oct 25
Getty Realty Corp. Declares Quarterly Cash Dividend, Payable on January 9, 2025 Getty Realty Corp. announced that its board of directors declared a quarterly cash dividend of $0.47 per common share, an increase of 4.4% over the previous quarterly dividend. The dividend is payable on January 9, 2025 to holders of record on December 26, 2024. Reported Earnings • Oct 24
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: US$0.28 (down from US$0.31 in 3Q 2023). Revenue: US$51.5m (up 1.9% from 3Q 2023). Net income: US$15.3m (down 1.0% from 3Q 2023). Profit margin: 30% (in line with 3Q 2023). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Sep 25
Getty Realty Corp. to Report Q3, 2024 Results on Oct 23, 2024 Getty Realty Corp. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Upcoming Dividend • Sep 19
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 10 October 2024. Trailing yield: 5.6%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (4.6%). Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Evelyn Infurna was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jul 31
Getty Realty Corp. has completed a Follow-on Equity Offering in the amount of $105.35 million. Getty Realty Corp. has completed a Follow-on Equity Offering in the amount of $105.35 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,500,000
Price\Range: $30.1
Discount Per Security: $1.204 Annuncio • Jul 30
Getty Realty Corp. has filed a Follow-on Equity Offering. Getty Realty Corp. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,500,000 Declared Dividend • Jul 26
Second quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 26th September 2024 Payment date: 10th October 2024 Dividend yield will be 5.7%, which is higher than the industry average of 5.2%. Reported Earnings • Jul 25
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: US$0.31 (up from US$0.26 in 2Q 2023). Revenue: US$49.9m (up 12% from 2Q 2023). Net income: US$16.7m (up 29% from 2Q 2023). Profit margin: 34% (up from 29% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Jul 24
Getty Realty Corp. Announces Regular Quarterly Cash Dividend, Payable on October 10, 2024 Getty Realty Corp. announced that its Board of Directors declared a cash dividend of $0.45 per common share payable on October 10, 2024 to holders of record on September 26, 2024. Annuncio • Jun 28
Getty Realty Corp. to Report Q2, 2024 Results on Jul 24, 2024 Getty Realty Corp. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 11 July 2024. Trailing yield: 6.8%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.3%). Declared Dividend • Apr 29
First quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 27th June 2024 Payment date: 11th July 2024 Dividend yield will be 6.6%, which is higher than the industry average of 5.2%. Annuncio • Apr 27
Getty Realty Corp. Declares Cash Dividend, Payable on July 11, 2024 Getty Realty Corp. announced that its board of directors declared a cash dividend of $0.45 per common share payable on July 11, 2024 to holders of record on June 27, 2024. Reported Earnings • Apr 27
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: FFO per share: US$0.6 (up from US$0.52 in 1Q 2023). Revenue: US$49.0m (up 14% from 1Q 2023). Funds from operations (FFO): US$28.8m (up 18% from 1Q 2023). FFO margin: 59% (up from 57% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Retail REITs industry in the US are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Annuncio • Mar 28
Getty Realty Corp. to Report Q1, 2024 Results on Apr 25, 2024 Getty Realty Corp. announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 11 April 2024. Trailing yield: 6.7%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.1%). Annuncio • Mar 14
Getty Realty Corp., Annual General Meeting, Apr 25, 2024 Getty Realty Corp., Annual General Meeting, Apr 25, 2024, at 14:30 US Eastern Standard Time. Agenda: To elect a Board of Directors of six directors to hold office until company's 2025 annual meeting and until their successors are elected and qualified; to hold an advisory vote to approve named executive officer compensation; and to ratify the appointment of PricewaterhouseCoopers LLP as company's independent registered public accounting firm for the year ending December 31, 2024. Declared Dividend • Feb 16
Fourth quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 27th March 2024 Payment date: 11th April 2024 Dividend yield will be 6.5%, which is higher than the industry average of 5.2%. Reported Earnings • Feb 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$1.20 (down from US$1.88 in FY 2022). Revenue: US$185.8m (up 12% from FY 2022). Net income: US$60.2m (down 32% from FY 2022). Profit margin: 32% (down from 53% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Annuncio • Feb 14
Getty Realty Corp. Declares Quarterly Cash Dividend, Payable on April 11, 2024 Getty Realty Corp. announced that its Board of Directors declared a regular quarterly cash dividend of $0.45 per common share payable on April 11, 2024 to holders of record on March 28, 2024. Annuncio • Dec 28
Getty Realty Corp. to Report Q4, 2023 Results on Feb 14, 2024 Getty Realty Corp. announced that they will report Q4, 2023 results After-Market on Feb 14, 2024 Upcoming Dividend • Dec 20
Upcoming dividend of US$0.45 per share at 6.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 11 January 2024. Trailing yield: 6.1%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (5.0%). Reported Earnings • Oct 26
Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2023 results: FFO per share: US$0.6 (up from US$0.50 in 3Q 2022). Revenue: US$50.5m (up 20% from 3Q 2022). Funds from operations (FFO): US$27.0m (up 17% from 3Q 2022). FFO margin: 54% (down from 55% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Annuncio • Oct 25
Getty Realty Corp. Increases Quarterly Cash Dividend, Payable on January 11, 2024 Getty Realty Corp. announced that its Board of Directors declared a cash dividend of $0.45 per common share, an increase of 4.7% over the previous quarterly dividend. The dividend is payable on January 11, 2024 to holders of record on December 28, 2023. Annuncio • Oct 19
Getty Realty Corp. announced that it expects to receive $150 million in funding Getty Realty Corp. announced a private placement of a new senior unsecured term loan with a group of existing lenders in an aggregate principal amount of $150 million on October 17, 2023. The term loan matures on October 17, 2025 with one twelve-month extension exercisable at the company's option, subject to certain conditions. The loan is comprised of an initial principal amount of $75 million that was funded at closing and used to repay amounts outstanding under the company’s revolving credit facility, and an additional principal amount of $75 million that can be funded in a single draw at the company’s option any time on or prior to the 180th day following the closing date. The term loan bear interest at a rate equal to the sum of a SOFR rate plus a SOFR adjustment of 0.10% plus a margin of 1.30% to 1.90% or the sum of a base rate plus a margin of 0.30% to 0.90% based on the company's consolidated total indebtedness to total asset value ratio at the end of each quarterly reporting period. In connection with the term loan, the company entered into $150 million of interest rate swaps to fix SOFR at 4.73% until maturity. Including the impact of the swaps, the effective interest rate on the term loan is 6.13% based on the company's consolidated total indebtedness to total asset value ratio as of September 30, 2023. Price Target Changed • Oct 12
Price target decreased by 7.3% to US$33.20 Down from US$35.80, the current price target is an average from 5 analysts. New target price is 22% above last closing price of US$27.21. Stock is down 1.0% over the past year. The company is forecast to post earnings per share of US$1.18 for next year compared to US$1.88 last year. Annuncio • Sep 28
Getty Realty Corp. to Report Q3, 2023 Results on Oct 25, 2023 Getty Realty Corp. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Upcoming Dividend • Sep 20
Upcoming dividend of US$0.43 per share at 5.8% yield Eligible shareholders must have bought the stock before 27 September 2023. Payment date: 12 October 2023. Trailing yield: 5.8%. Within top quartile of American dividend payers (5.0%). In line with average of industry peers (5.6%). Reported Earnings • Jul 28
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: FFO per share: US$0.5 (down from US$0.84 in 2Q 2022). Revenue: US$44.7m (up 8.5% from 2Q 2022). Funds from operations (FFO): US$25.9m (down 34% from 2Q 2022). FFO margin: 58% (down from 95% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Annuncio • Jul 26
Getty Realty Corp. Announces Regular Quarterly Cash Dividend, Payable on October 12, 2023 Getty Realty Corp. announced that its Board of Directors declared a cash dividend of $0.43 per common share, payable on October 12, 2023 to holders of record on September 28, 2023. Annuncio • Jun 30
Getty Realty Corp. to Report Q2, 2023 Results on Jul 26, 2023 Getty Realty Corp. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023 Upcoming Dividend • Jun 14
Upcoming dividend of US$0.43 per share at 4.9% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 06 July 2023. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.9%). In line with average of industry peers (5.4%).