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GTY

Getty RealtyNYSE:GTY Stock Report

Market Cap

US$1.4b

7D

-1.3%

1Y

8.9%

Updated

26 Nov, 2021

Data

Company Financials +
GTY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends4/6

GTY Stock Overview

Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties.

Getty Realty Competitors

Realty Income

NYSE:O

US$39.3b

National Retail Properties

NYSE:NNN

US$8.0b

Spirit Realty Capital

NYSE:SRC

US$5.6b

Agree Realty

NYSE:ADC

US$4.8b

Price History & Performance

Summary of all time highs, changes and price drops for Getty Realty
Historical stock prices
Current Share PriceUS$31.23
52 Week HighUS$34.21
52 Week LowUS$25.94
Beta0.85
1 Month Change-2.56%
3 Month Change-0.42%
1 Year Change8.89%
3 Year Change2.09%
5 Year Change30.62%
Change since IPO70.35%

Recent News & Updates

Oct 29

Getty Realty Is Still Pumping Premium Dividends

Getty Realty is an interesting net-lease REIT that does not get a lot of attention these days. However, I think about Getty every time that I put gas in my car. Due to GTY’s fairly unique concentration in the gas station space, it offers REIT investors upside potential that’s indirectly related to the recent rise in energy prices.

Oct 08
I Ran A Stock Scan For Earnings Growth And Getty Realty (NYSE:GTY) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Getty Realty (NYSE:GTY) Passed With Ease

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Aug 26

Getty Realty: Fill Up On This 5% Yield

Getty Realty is posting robust growth, yet trades at a favorable valuation, especially compared to its net lease peers. It maintains healthy portfolio metrics and has a long runway to consolidate the fragmented convenience store space. I also highlight the dividend, balance sheet, and other points worth considering.

Shareholder Returns

GTYUS REITsUS Market
7D-1.3%-1.4%-2.7%
1Y8.9%28.4%21.3%

Return vs Industry: GTY underperformed the US REITs industry which returned 28.4% over the past year.

Return vs Market: GTY underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is GTY's price volatile compared to industry and market?
GTY volatility
GTY Average Weekly Movement2.4%
REITs Industry Average Movement3.4%
Market Average Movement5.9%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.2%

Stable Share Price: GTY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: GTY's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195531Chris Constanthttps://www.gettyrealty.com

Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. As of September 30, 2020, the Company owned 896 properties and leased 58 properties from third-party landlords in 35 states across the United States and Washington, D.C.

Getty Realty Fundamentals Summary

How do Getty Realty's earnings and revenue compare to its market cap?
GTY fundamental statistics
Market CapUS$1.42b
Earnings (TTM)US$77.18m
Revenue (TTM)US$153.13m

18.3x

P/E Ratio

9.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GTY income statement (TTM)
RevenueUS$153.13m
Cost of RevenueUS$22.93m
Gross ProfitUS$130.20m
ExpensesUS$53.03m
EarningsUS$77.18m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.70
Gross Margin85.02%
Net Profit Margin50.40%
Debt/Equity Ratio80.7%

How did GTY perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

66%

Payout Ratio

Does GTY pay a reliable dividends?

See GTY dividend history and benchmarks
When do you need to buy GTY by to receive an upcoming dividend?
Getty Realty dividend dates
Ex Dividend DateDec 22 2021
Dividend Pay DateJan 06 2022
Days until Ex dividend25 days
Days until Dividend pay date40 days

Does GTY pay a reliable dividends?

See GTY dividend history and benchmarks

Valuation

Is Getty Realty undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GTY ($31.23) is trading below our estimate of fair value ($65.35)

Significantly Below Fair Value: GTY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GTY is good value based on its PE Ratio (18.3x) compared to the US REITs industry average (46.1x).

PE vs Market: GTY is poor value based on its PE Ratio (18.3x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: GTY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GTY's PB Ratio (2x) is in line with the US REITs industry average.


Future Growth

How is Getty Realty forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTY's earnings are forecast to decline over the next 3 years (-1.6% per year).

Earnings vs Market: GTY's earnings are forecast to decline over the next 3 years (-1.6% per year).

High Growth Earnings: GTY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GTY's revenue (8% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: GTY's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GTY's Return on Equity is forecast to be low in 3 years time (7.5%).


Past Performance

How has Getty Realty performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTY has a large one-off gain of $28.3M impacting its September 30 2021 financial results.

Growing Profit Margin: GTY's current net profit margins (50.4%) are higher than last year (32.9%).


Past Earnings Growth Analysis

Earnings Trend: GTY's earnings have grown by 11.5% per year over the past 5 years.

Accelerating Growth: GTY's earnings growth over the past year (60.6%) exceeds its 5-year average (11.5% per year).

Earnings vs Industry: GTY earnings growth over the past year (60.6%) exceeded the REITs industry 29.4%.


Return on Equity

High ROE: GTY's Return on Equity (11.2%) is considered low.


Financial Health

How is Getty Realty's financial position?


Financial Position Analysis

Short Term Liabilities: GTY's short term assets ($227.0M) exceed its short term liabilities ($109.6M).

Long Term Liabilities: GTY's short term assets ($227.0M) do not cover its long term liabilities ($590.4M).


Debt to Equity History and Analysis

Debt Level: GTY's net debt to equity ratio (79.6%) is considered high.

Reducing Debt: GTY's debt to equity ratio has increased from 71% to 80.7% over the past 5 years.

Debt Coverage: GTY's debt is not well covered by operating cash flow (15.5%).

Interest Coverage: GTY's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Dividend

What is Getty Realty current dividend yield, its reliability and sustainability?

5.25%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 27 2021Ex Dividend DateDec 22 2021Dividend Pay DateJan 06 202215 days from Ex DividendBuy in the next 25 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GTY's dividend (5.25%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: GTY's dividend (5.25%) is in the top 25% of dividend payers in the US market (3.58%)


Stability and Growth of Payments

Stable Dividend: GTY's dividend payments have been volatile in the past 10 years.

Growing Dividend: GTY's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.3%), GTY's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GTY's dividends in 3 years are forecast to be covered by earnings (82% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.2yrs

Average management tenure


CEO

Chris Constant (42 yo)

5.83yrs

Tenure

US$1,714,764

Compensation

Mr. Christopher J. Constant, also known as Chris, has been the Chief Executive Officer, President and Director at Getty Realty Corp. since January 1, 2016. Mr. Constant served as Chief Financial Officer si...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD1.71M) is below average for companies of similar size in the US market ($USD3.64M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GTY's management team is seasoned and experienced (7.2 years average tenure).


Board Members

Experienced Board: GTY's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.9%.


Top Shareholders

Company Information

Getty Realty Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Getty Realty Corp.
  • Ticker: GTY
  • Exchange: NYSE
  • Founded: 1955
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: US$1.416b
  • Shares outstanding: 45.34m
  • Website: https://www.gettyrealty.com

Number of Employees


Location

  • Getty Realty Corp.
  • Two Jericho Plaza
  • Suite 110
  • Jericho
  • New York
  • 11753
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:10
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.