| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 1.6% per year for the next 3 years
+ 1 more risk
Getty Realty Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$31.23 |
| 52 Week High | US$34.21 |
| 52 Week Low | US$25.94 |
| Beta | 0.85 |
| 1 Month Change | -2.56% |
| 3 Month Change | -0.42% |
| 1 Year Change | 8.89% |
| 3 Year Change | 2.09% |
| 5 Year Change | 30.62% |
| Change since IPO | 70.35% |
Recent News & Updates
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.
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...
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
| GTY | US REITs | US Market | |
|---|---|---|---|
| 7D | -1.3% | -1.4% | -2.7% |
| 1Y | 8.9% | 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
| GTY volatility | |
|---|---|
| GTY Average Weekly Movement | 2.4% |
| REITs Industry Average Movement | 3.4% |
| Market Average Movement | 5.9% |
| 10% most volatile stocks in US Market | 15.1% |
| 10% least volatile stocks in US Market | 2.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1955 | 31 | Chris Constant | https://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
| GTY fundamental statistics | |
|---|---|
| Market Cap | US$1.42b |
| Earnings (TTM) | US$77.18m |
| Revenue (TTM) | US$153.13m |
18.3x
P/E Ratio9.2x
P/S RatioIs GTY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GTY income statement (TTM) | |
|---|---|
| Revenue | US$153.13m |
| Cost of Revenue | US$22.93m |
| Gross Profit | US$130.20m |
| Expenses | US$53.03m |
| Earnings | US$77.18m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.70 |
| Gross Margin | 85.02% |
| Net Profit Margin | 50.40% |
| Debt/Equity Ratio | 80.7% |
How did GTY perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield66%
Payout RatioDoes GTY pay a reliable dividends?
See GTY dividend history and benchmarks| Getty Realty dividend dates | |
|---|---|
| Ex Dividend Date | Dec 22 2021 |
| Dividend Pay Date | Jan 06 2022 |
| Days until Ex dividend | 25 days |
| Days until Dividend pay date | 40 days |
Does GTY pay a reliable dividends?
See GTY dividend history and benchmarksValuation
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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/11/26 23:10 |
| End of Day Share Price | 2021/11/26 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.