Getty Realty
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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. The last earnings update was 19 days ago. More info.
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GTY Share Price and Events
7 Day Returns
1 Year Returns
GTY Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Getty Realty (GTY) | -0.7% | 0.4% | -5.8% | 27.7% | 60.3% | 64.3% |
| US REITs | 1.8% | 2.4% | 3.1% | 16.3% | 13.8% | 26.4% |
| US Market | -0.7% | -2% | 2.4% | 3% | 39.2% | 42% |
1 Year Return vs Industry and Market
- GTY outperformed the REITs industry which returned 16.3% over the past year.
- GTY outperformed the Market in United States of America which returned 3% over the past year.
GTY Value
Is Getty Realty undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Getty Realty
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Getty Realty.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.53 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (33.74%)) |
0.781 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:GTY using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for Getty Realty is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Getty Realty is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| Adjusted Funds From Operations (AFFO) (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 75.02 | Analyst x4 | 69.78 |
| 2020 | 79.57 | Analyst x4 | 68.86 |
| 2021 | 88.08 | Analyst x2 | 70.90 |
| 2022 | 93.78 | Est @ 6.47% | 70.22 |
| 2023 | 98.79 | Est @ 5.35% | 68.82 |
| 2024 | 103.29 | Est @ 4.56% | 66.94 |
| 2025 | 107.44 | Est @ 4.01% | 64.77 |
| 2026 | 111.33 | Est @ 3.63% | 62.44 |
| 2027 | 115.07 | Est @ 3.36% | 60.03 |
| 2028 | 118.72 | Est @ 3.17% | 57.61 |
| Present value of next 10 years cash flows | $660.38 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $118.72 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$2,557.93 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $2,557.93 ÷ (1 + 7.5%)10 |
$1,241.32 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $660.38 + $1,241.32 |
$1,901.70 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,901.70 / 40.99 |
$46.39 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $46.39 |
| Current discount | Discount to share price of
$31.93
= -1 x ($31.93 - $46.39) / $46.39 |
31.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Getty Realty's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Getty Realty's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Getty Realty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Getty Realty's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.20 |
| NYSE:GTY Share Price ** | NYSE (2019-05-17) in USD | $31.93 |
| United States of America REITs Industry PE Ratio | Median Figure of 156 Publicly-Listed REITs Companies | 32.79x |
| United States of America Market PE Ratio | Median Figure of 3,088 Publicly-Listed Companies | 17.89x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Getty Realty.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:GTY Share Price ÷ EPS (both in USD) = 31.93 ÷ 1.20 |
26.64x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Getty Realty is good value based on earnings compared to the US REITs industry average.
- Getty Realty is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Getty Realty's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 26.64x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
5.2%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 141 Publicly-Listed REITs Companies | 2.4x |
| United States of America Market PEG Ratio | Median Figure of 2,117 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 26.64x ÷ 5.2% |
5.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Getty Realty is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Getty Realty's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $14.14 |
| NYSE:GTY Share Price * | NYSE (2019-05-17) in USD | $31.93 |
| United States of America REITs Industry PB Ratio | Median Figure of 191 Publicly-Listed REITs Companies | 1.86x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:GTY Share Price ÷ Book Value per Share (both in USD) = 31.93 ÷ 14.14 |
2.26x |
* Primary Listing of Getty Realty.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Getty Realty is overvalued based on assets compared to the US REITs industry average.
Value checks
We assess Getty Realty's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) Getty Realty has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
GTY Future Performance
How is Getty Realty expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Getty Realty's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Getty Realty's earnings growth is positive but not above the United States of America market average.
- Getty Realty's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:GTY Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 5.2% |
| NYSE:GTY Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 3.6% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 5.7% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 152 | 55 | 2 | |
| 2020-12-31 | 133 | 50 | 4 | |
| 2019-12-31 | 136 | 48 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 138 | 61 | 48 |
| 2018-12-31 | 136 | 63 | 48 |
| 2018-09-30 | 135 | 63 | 47 |
| 2018-06-30 | 130 | 66 | 46 |
| 2018-03-31 | 125 | 61 | 47 |
| 2017-12-31 | 120 | 57 | 44 |
| 2017-09-30 | 116 | 44 | 41 |
| 2017-06-30 | 115 | 40 | 40 |
| 2017-03-31 | 114 | 40 | 39 |
| 2016-12-31 | 115 | 37 | 39 |
| 2016-09-30 | 115 | 48 | 50 |
| 2016-06-30 | 117 | 45 | 50 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Getty Realty Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.24 | 1.26 | 1.22 | 2.00 |
| 2020-12-31 | 1.21 | 1.25 | 1.17 | 4.00 |
| 2019-12-31 | 1.15 | 1.17 | 1.13 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.20 |
| 2018-12-31 | 1.19 |
| 2018-09-30 | 1.19 |
| 2018-06-30 | 1.16 |
| 2018-03-31 | 1.22 |
| 2017-12-31 | 1.21 |
| 2017-09-30 | 1.14 |
| 2017-06-30 | 1.18 |
| 2017-03-31 | 1.15 |
| 2016-12-31 | 1.16 |
| 2016-09-30 | 1.50 |
| 2016-06-30 | 1.48 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Getty Realty's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Getty Realty has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
GTY Past Performance
How has Getty Realty performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Getty Realty's year on year earnings growth rate has been positive over the past 5 years.
- Getty Realty's 1-year earnings growth is less than its 5-year average (3.7% vs 16.1%)
- Getty Realty's earnings growth has not exceeded the US REITs industry average in the past year (3.7% vs 16%).
Earnings and Revenue History
All data from Getty Realty Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 138.04 | 48.49 | 15.18 | |
| 2018-12-31 | 136.11 | 47.66 | 15.13 | |
| 2018-09-30 | 135.06 | 47.49 | 14.68 | |
| 2018-06-30 | 129.83 | 46.01 | 14.31 | |
| 2018-03-31 | 124.62 | 46.74 | 14.17 | |
| 2017-12-31 | 120.15 | 44.48 | 14.08 | |
| 2017-09-30 | 115.87 | 40.54 | 13.88 | |
| 2017-06-30 | 114.92 | 40.28 | 13.47 | |
| 2017-03-31 | 114.49 | 39.20 | 12.97 | |
| 2016-12-31 | 115.27 | 39.34 | 13.71 | |
| 2016-09-30 | 115.34 | 50.31 | 13.83 | |
| 2016-06-30 | 116.82 | 49.68 | 15.21 | |
| 2016-03-31 | 114.45 | 47.82 | 16.91 | |
| 2015-12-31 | 110.78 | 39.02 | 17.98 | |
| 2015-09-30 | 106.35 | 16.47 | 17.98 | |
| 2015-06-30 | 101.27 | 16.83 | 17.36 | |
| 2015-03-31 | 100.13 | 12.23 | 17.92 | |
| 2014-12-31 | 99.89 | 20.01 | 19.19 | |
| 2014-09-30 | 101.55 | 24.24 | 20.89 | |
| 2014-06-30 | 102.02 | 29.13 | 12.46 | |
| 2014-03-31 | 101.28 | 29.14 | 10.41 | |
| 2013-12-31 | 99.69 | 26.73 | 9.42 | |
| 2013-09-30 | 94.17 | 28.80 | 4.88 | |
| 2013-06-30 | 91.05 | 17.38 | 15.24 | |
| 2013-03-31 | 91.03 | 13.06 | 20.39 | |
| 2012-12-31 | 96.09 | 13.64 | 27.60 | |
| 2012-09-30 | 102.29 | -6.35 | 36.80 | |
| 2012-06-30 | 105.74 | -5.85 | 33.68 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Getty Realty has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Getty Realty used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
- Getty Realty has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Getty Realty's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Getty Realty has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
GTY Health
How is Getty Realty's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Getty Realty's finances.
The net worth of a company is the difference between its assets and liabilities.
- Getty Realty is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Getty Realty's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Getty Realty Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 578.24 | 441.68 | 19.15 |
| 2018-12-31 | 581.16 | 441.64 | 46.89 |
| 2018-09-30 | 572.19 | 421.40 | 18.56 |
| 2018-06-30 | 566.67 | 411.21 | 18.21 |
| 2018-03-31 | 551.52 | 371.59 | 18.01 |
| 2017-12-31 | 553.70 | 379.16 | 19.99 |
| 2017-09-30 | 547.84 | 318.96 | 18.04 |
| 2017-06-30 | 442.02 | 308.77 | 14.45 |
| 2017-03-31 | 434.59 | 298.60 | 18.06 |
| 2016-12-31 | 430.92 | 298.54 | 12.52 |
| 2016-09-30 | 419.84 | 298.36 | 10.19 |
| 2016-06-30 | 416.06 | 302.48 | 6.81 |
| 2016-03-31 | 410.35 | 321.28 | 8.11 |
| 2015-12-31 | 406.56 | 317.09 | 3.94 |
| 2015-09-30 | 402.25 | 331.30 | 3.76 |
| 2015-06-30 | 403.14 | 341.35 | 9.79 |
| 2015-03-31 | 398.71 | 131.85 | 6.64 |
| 2014-12-31 | 407.02 | 125.34 | 3.11 |
| 2014-09-30 | 422.01 | 127.34 | 8.40 |
| 2014-06-30 | 418.27 | 134.00 | 7.70 |
| 2014-03-31 | 418.22 | 143.00 | 7.92 |
| 2013-12-31 | 415.09 | 158.00 | 12.04 |
| 2013-09-30 | 418.24 | 163.50 | 4.67 |
| 2013-06-30 | 382.88 | 221.00 | 6.78 |
| 2013-03-31 | 376.66 | 171.90 | 18.73 |
| 2012-12-31 | 372.75 | 172.32 | 16.88 |
| 2012-09-30 | 370.96 | 173.93 | 16.39 |
| 2012-06-30 | 378.45 | 174.12 | 18.49 |
- Getty Realty's level of debt (76.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (34.2% vs 76.4% today).
- Debt is not well covered by operating cash flow (13.7%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Getty Realty's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Getty Realty has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
GTY Dividends
What is Getty Realty's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Getty Realty
shares you are expected to receive
$88
in your first year as a dividend.
Dividend Amount
- Getty Realty's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Getty Realty's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment
Purchase Getty Realty before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 184 Stocks | 3.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2000 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.52 | 2.00 |
| 2020-12-31 | 1.47 | 4.00 |
| 2019-12-31 | 1.42 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-30 | 1.400 | 4.320 |
| 2019-02-26 | 1.400 | 4.330 |
| 2018-10-24 | 1.400 | 4.632 |
| 2018-07-25 | 1.280 | 4.497 |
| 2018-05-08 | 1.280 | 4.762 |
| 2018-02-28 | 1.280 | 5.120 |
| 2017-10-24 | 1.280 | 4.814 |
| 2017-07-26 | 1.120 | 4.031 |
| 2017-05-04 | 1.120 | 4.479 |
| 2017-03-01 | 1.120 | 4.371 |
| 2016-10-26 | 1.120 | 4.520 |
| 2016-08-04 | 1.220 | 5.234 |
| 2016-05-20 | 1.220 | 5.697 |
| 2016-03-09 | 1.220 | 6.172 |
| 2015-11-04 | 1.220 | 7.038 |
| 2015-08-10 | 1.100 | 6.771 |
| 2015-05-12 | 1.020 | 6.059 |
| 2015-02-25 | 1.020 | 5.735 |
| 2014-11-05 | 1.020 | 5.558 |
| 2014-08-06 | 0.800 | 4.429 |
| 2014-05-13 | 0.800 | 4.184 |
| 2014-03-17 | 0.800 | 4.244 |
| 2013-11-07 | 0.800 | 4.300 |
| 2013-08-13 | 0.800 | 4.184 |
| 2013-05-14 | 0.800 | 3.795 |
| 2013-02-28 | 0.800 | 3.830 |
| 2012-08-20 | 0.500 | 2.769 |
| 2012-06-15 | 0.500 | 2.722 |
| 2012-03-15 | 0.000 | 0.000 |
| 2011-11-23 | 1.000 | 6.474 |
| 2011-09-26 | 1.000 | 6.505 |
| 2011-05-19 | 1.920 | 8.992 |
| 2011-03-08 | 1.920 | 8.059 |
| 2010-11-19 | 1.920 | 6.628 |
| 2010-08-19 | 1.920 | 7.069 |
| 2010-05-20 | 1.900 | 8.262 |
| 2010-02-25 | 1.900 | 8.053 |
| 2009-11-19 | 1.900 | 8.414 |
| 2009-08-20 | 1.900 | 7.889 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of
Getty Realty's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.4x coverage).
- Dividends after 3 years are expected to be thoroughly covered by earnings (54.1x coverage).
Income/ dividend checks
We assess Getty Realty's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Getty Realty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Getty Realty has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
GTY Management
CEO
| COMPENSATION | $1,333,951 |
| AGE | 39 |
| TENURE AS CEO | 3.3 years |
CEO Bio
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 since December 2, 2013 until December 31, 2015 and served Vice President and Treasurer of Getty Realty Corp since May 2013 and May 2011. He joined Getty Realty Corp in November 2010 as the Director of Planning and Corporate Development. He served as Vice President of New York Operations at Morgan Joseph & Co. Inc. (AKA Morgan Joseph TriArtisan LLC) and joined Morgan Joseph & Co. Inc. in July 2001 and served as its Associate and was an Analyst in its Corporate Finance department. Mr. Constant served as Director of Planning and Assistant Vice President of Getty Realty Corp. from May 2012 to December 2, 2013 and served as its Vice President from May 2013 to December 2, 2013. Mr. Constant spent more than 10 years in investment banking in New York. Mr. Constant began his career as a Financial Analyst in the Corporate Finance department of ING Barings LLC. He received a Certificate in Business from the McDonough School of Business at Georgetown University. Mr. Constant received an A.B. in Political Science from Princeton University.
CEO Compensation
- Chris's compensation has been consistent with company performance over the past year.
- Chris's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Getty Realty management team in years:
- The average tenure for the Getty Realty management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Leo Liebowitz
Co-Founder & Non-Executive Chairman
$304K
90
64.3 yrs
Chris Constant
President
$1M
39
3.3 yrs
Danion Fielding
VP, CFO & Treasurer
$678K
46
3.3 yrs
Mark Olear
Executive VP
$1M
54
4 yrs
Josh Dicker
Executive VP
$972K
57
11.3 yrs
Eugene Shnayderman
Chief Accounting Officer & Controller
5.4 yrs
Jim Craig
Vice President of Real Estate & Asset Management
6.3 yrs
Board of Directors Tenure
Average tenure and age of the Getty Realty board of directors in years:
- The tenure for the Getty Realty board of directors is about average.
Board of Directors
Leo Liebowitz
Co-Founder & Non-Executive Chairman
$304K
90
48 yrs
Chris Constant
President
$1M
39
7.3 yrs
Milton Cooper
Director
$192K
89
48 yrs
Philip Coviello
Director
$209K
75
22.9 yrs
Howard Safenowitz
Lead Independent Director
$254K
59
9.3 yrs
Dick Montag
Director
$197K
85
9 yrs
Mary Malanoski
Director
$92K
61
0.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Getty Realty's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Getty Realty has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
GTY News
Simply Wall St News
Read This Before Buying Getty Realty Corp. (NYSE:GTY) For Its Dividend
Dividend paying stocks like Getty Realty Corp. … With Getty Realty yielding 4.3% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Explore this interactive chart for our latest analysis on Getty Realty!
Simply Wall St - – Full articleYou May Have Been Looking At Getty Realty Corp. (NYSE:GTY) All Wrong
This impacts how GTY’s business operates and also how we should analyse its stock. … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities … These items can distort the bottom line and not necessarily reflective of GTY’s daily operations
Simply Wall St - – Full articleShould Getty Realty (NYSE:GTY) Be Disappointed With Their 71% Profit?
To wit, the Getty Realty share price has climbed 71% in five years, easily topping the market return of 47% (ignoring dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Getty Realty achieved compound earnings per share (EPS) growth of 8.2% per year.
Simply Wall St - – Full articleShould You Be Pleased About The CEO Pay At Getty Realty Corp.'s (NYSE:GTY)
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Chris Constant's Compensation Compare With Similar Sized Companies. … has a market cap of US$1.3b, and is paying total annual CEO compensation of US$1.2m.
Simply Wall St - – Full articleA Closer Look At Getty Realty Corp.'s (NYSE:GTY) Impressive ROE
This article is for those who would like to learn about Return On Equity (ROE). … The formula for return on equity is: … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHow Much Of Getty Realty Corp. (NYSE:GTY) Do Insiders Own?
The big shareholder groups in Getty Realty Corp. … Getty Realty has a market capitalization of US$1.2b, so we would expect some institutional investors to have noticed the stock. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleWhy Getty Realty Corp (NYSE:GTY) Could Be Your Next Investment
Getty Realty Corp (NYSE:GTY) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of GTY, it
Simply Wall St - – Full articleBoasting A 8.4% Return On Equity, Is Getty Realty Corp (NYSE:GTY) A Top Quality Stock?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Getty Realty has a return on equity of 8.4% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Getty Realty Corp's (NYSE:GTY) CEO Paid Enough To Stay Motivated?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Chris Constant's Compensation Compare With Similar Sized Companies. … According to our data, Getty Realty Corp has a market capitalization of US$1.1b, and pays its CEO total annual compensation worth US$1m.
Simply Wall St - – Full articleOctober Insights Into Real Estate Stocks: Getty Realty Corp (NYSE:GTY)
operates in the real estate industry … A real estate investment trust (REIT) is a collective vehicle for investing in real estate that originated in the US and has since been taken on board globally … Real estate analysts are forecasting for the entire industry,
Simply Wall St - – Full articleGTY Company Info
Description
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 March 31, 2019, the Company owned 859 properties and leased 73 properties from third-party landlords in 30 states across the United States and Washington, D.C.
Details
| Name: | Getty Realty Corp. |
| GTY | |
| Exchange: | NYSE |
| Founded: | 1955 |
| $1,308,960,260 | |
| 40,994,684 | |
| Website: | http://www.gettyrealty.com |
| Address: |
Getty Realty Corp. Two Jericho Plaza, Suite 110, Jericho, New York, 11753, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | GTY | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1980 | |
| DB | GRL | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1980 |
Number of employees
Current staff
Industry
| Retail REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 01:32 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2019/05/09 |
| Last earnings filing: | 2019/05/01 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
