Getty Realty
Market Cap
US$1.1b
Last Updated
2020/10/20 23:55 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Getty Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GTY has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.3%
GTY
-1.5%
US REITs
-1.3%
US Market
1 Year Return
-23.2%
GTY
-15.6%
US REITs
18.5%
US Market
Return vs Industry: GTY underperformed the US REITs industry which returned -15.6% over the past year.
Return vs Market: GTY underperformed the US Market which returned 18.5% over the past year.
Shareholder returns
| GTY | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | -1.5% | -1.3% |
| 30 Day | -4.5% | 2.2% | 5.3% |
| 90 Day | -15.9% | 1.2% | 7.5% |
| 1 Year | -18.9%-23.2% | -12.2%-15.6% | 21.3%18.5% |
| 3 Year | 1.0%-12.8% | 14.3%0.9% | 42.4%32.9% |
| 5 Year | 91.6%48.9% | 38.9%11.0% | 84.2%63.5% |
Price Volatility Vs. Market
How volatile is Getty Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall St
Could The Getty Realty Corp. (NYSE:GTY) Ownership Structure Tell Us Something Useful?6 months ago | Simply Wall St
Getty Realty Corp.'s (NYSE:GTY) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?7 months ago | Simply Wall St
Have Getty Realty Corp. (NYSE:GTY) Insiders Been Selling Their Stock?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 ($25.31) is trading below our estimate of fair value ($50.85)
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 (21.7x) compared to the US REITs industry average (34.4x).
PE vs Market: GTY is poor value based on its PE Ratio (21.7x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: GTY is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: GTY is overvalued based on its PB Ratio (1.8x) compared to the US REITs industry average (1.4x).
Next Steps
Future Growth
How is Getty Realty forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GTY's forecast earnings growth (7.9% per year) is above the savings rate (2.2%).
Earnings vs Market: GTY's earnings (7.9% per year) are forecast to grow slower than the US market (22.2% per year).
High Growth Earnings: GTY's earnings are forecast to grow, but not significantly.
Revenue vs Market: GTY's revenue (6.9% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: GTY's revenue (6.9% 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 (8.7%).
Next Steps
Past Performance
How has Getty Realty performed over the past 5 years?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GTY has high quality earnings.
Growing Profit Margin: GTY's current net profit margins (33.3%) are lower than last year (34.3%).
Past Earnings Growth Analysis
Earnings Trend: GTY's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: GTY's earnings growth over the past year (1.6%) is below its 5-year average (9% per year).
Earnings vs Industry: GTY earnings growth over the past year (1.6%) underperformed the REITs industry 1.6%.
Return on Equity
High ROE: GTY's Return on Equity (8.3%) is considered low.
Next Steps
Financial Health
How is Getty Realty's financial position?
Financial Position Analysis
Short Term Liabilities: GTY's short term assets ($245.9M) exceed its short term liabilities ($77.7M).
Long Term Liabilities: GTY's short term assets ($245.9M) do not cover its long term liabilities ($592.6M).
Debt to Equity History and Analysis
Debt Level: GTY's debt to equity ratio (88.2%) is considered high.
Reducing Debt: GTY's debt to equity ratio has increased from 84.6% to 88.2% over the past 5 years.
Debt Coverage: GTY's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: GTY's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
Next Steps
Dividend
What is Getty Realty current dividend yield, its reliability and sustainability?
5.85%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GTY's dividend (5.85%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: GTY's dividend (5.85%) is in the top 25% of dividend payers in the US market (4.68%)
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: At its current payout ratio (75.2%), GTY's 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 (78.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Chris Constant (41 yo)
4.75yrs
Tenure
US$1,679,885
Compensation
Mr. Christopher J. Constant, also known as Chris, has been the Chief Executive Officer, President and Director at Getty Realty Corp. since January 1, 2016. Mr. Constant served as Chief Financial Officer si ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD1.68M) is below average for companies of similar size in the US market ($USD2.85M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Non-Executive Chairman | 49.42yrs | US$387.33k | 5.81% $ 61.6m | |
| President | 4.75yrs | US$1.68m | 0.0018% $ 19.0k | |
| VP, CFO & Treasurer | 4.67yrs | US$860.84k | 0.00018% $ 1.9k | |
| Executive VP | 5.42yrs | US$1.27m | 0.00021% $ 2.2k | |
| Executive VP | 12.67yrs | US$1.22m | 0.00043% $ 4.6k | |
| Chief Accounting Officer & Controller | 6.83yrs | no data | 0.00024% $ 2.5k | |
| Vice President of Real Estate & Asset Management | 7.75yrs | no data | no data |
6.8yrs
Average Tenure
56yo
Average Age
Experienced Management: GTY's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Non-Executive Chairman | 49.42yrs | US$387.33k | 5.81% $ 61.6m | |
| President | 4.75yrs | US$1.68m | 0.0018% $ 19.0k | |
| Independent Director | 49.42yrs | US$274.83k | 2.96% $ 31.4m | |
| Independent Director | 24.33yrs | US$292.33k | 0.18% $ 1.9m | |
| Lead Independent Director | 10.67yrs | US$337.33k | 0.54% $ 5.7m | |
| Independent Director | 10.42yrs | US$279.83k | 0.16% $ 1.7m | |
| Independent Director | 2yrs | US$274.83k | 0% $ 0 |
10.7yrs
Average Tenure
77yo
Average Age
Experienced Board: GTY's board of directors are seasoned and experienced ( 10.7 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Getty Realty Corp.'s company bio, 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$1.061b
- Shares outstanding: 41.91m
- Website: https://www.gettyrealty.com
Number of Employees
Location
- Getty Realty Corp.
- Two Jericho Plaza
- Suite 110
- Jericho
- New York
- 11753
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GTY | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1980 |
| GRL | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1980 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/20 23:55 |
| End of Day Share Price | 2020/10/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.