NYSE:GTY

Stock Analysis Report

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.

Snowflake

Fundamentals

Average dividend payer and slightly overvalued.


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


Market Performance


7 Day Return

1.0%

GTY

1.5%

US REITs

0.5%

US Market


1 Year Return

20.1%

GTY

20.3%

US REITs

6.8%

US Market

Return vs Industry: GTY matched the US REITs industry which returned 20.3% over the past year.

Return vs Market: GTY exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

GTYIndustryMarket
7 Day1.0%1.5%0.5%
30 Day2.8%1.7%-0.8%
90 Day9.3%7.6%-0.9%
1 Year25.5%20.1%25.7%20.3%9.2%6.8%
3 Year67.3%46.1%35.8%18.5%45.6%36.2%
5 Year140.1%85.6%64.6%29.8%63.2%45.4%

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

Valuation

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

30.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GTY ($32.81) is trading below our estimate of fair value ($47.02)

Significantly Below Fair Value: GTY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GTY is good value based on its PE Ratio (27.8x) compared to the REITs industry average (36.2x).

PE vs Market: GTY is poor value based on its PE Ratio (27.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: GTY is poor value based on its PEG Ratio (5.8x)


Price to Book Ratio

PB vs Industry: GTY is overvalued based on its PB Ratio (2.3x) compared to the US REITs industry average (2x).


Next Steps

Future Growth

How is Getty Realty forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTY's forecast earnings growth (4.8% per year) is above the savings rate (2.7%).

Earnings vs Market: GTY's earnings (4.8% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: GTY's earnings are forecast to grow, but not significantly.

Revenue vs Market: GTY's revenue (5.1% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: GTY's revenue (5.1% 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 (8.8%).


Next Steps

Past Performance

How has Getty Realty performed over the past 5 years?

16.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GTY's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: GTY's earnings growth over the past year (5.1%) is below its 5-year average (16.1% per year).

Earnings vs Industry: GTY earnings growth over the past year (5.1%) underperformed the REITs industry 17.6%.


Return on Equity

High ROE: GTY's Return on Equity (8.4%) is considered low.


Return on Assets

ROA vs Industry: GTY has a higher Return on Assets than the REITs industry average last year.


Return on Capital Employed

ROCE Improving: GTY's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Getty Realty's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: GTY has a high level of physical assets or inventory.

Debt Coverage by Assets: GTY's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: GTY's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if GTY has a sufficient allowance for bad loans.

Low Risk Liabilities: GTY reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if GTY has an acceptable proportion of non-loan assets held.

Low Risk Deposits: GTY has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if GTY has an appropriate level of bad loans.


Next Steps

Dividend

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

4.27%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%1.4%markettop25%3.7%industryaverage3.6%forecastin3Years4.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GTY's dividend (4.27%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: GTY's dividend (4.27%) is in the top 25% of dividend payers in the US market (3.73%)

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 (71.2%), 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 thoroughly covered by earnings (1.8% payout ratio).


Next Steps

Management

What is the CEO of Getty Realty's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

Chris Constant (40yo)

3.8yrs

Tenure

US$1,333,951

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 ($USD1.33M) is about average for companies of similar size in the US market ($USD4.00M).

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


Management Age and Tenure

5.8yrs

Average Tenure

55yo

Average Age

Experienced Management: GTY's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

9.7yrs

Average Tenure

76yo

Average Age

Experienced Board: GTY's board of directors are considered experienced (9.7 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Leo Liebowitz (91yo)

    Co-Founder & Non-Executive Chairman

    • Tenure: 48.4yrs
    • Compensation: US$304.22k
  • Chris Constant (40yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$1.33m
  • Mark Olear (55yo)

    Executive VP

    • Tenure: 4.4yrs
    • Compensation: US$1.02m
  • Josh Dicker (58yo)

    Executive VP

    • Tenure: 11.7yrs
    • Compensation: US$971.57k
  • Danion Fielding (47yo)

    VP, CFO & Treasurer

    • Tenure: 3.7yrs
    • Compensation: US$677.56k
  • Eugene Shnayderman

    Chief Accounting Officer & Controller

    • Tenure: 5.8yrs
  • Jim Craig

    Vice President of Real Estate & Asset Management

    • Tenure: 6.8yrs

Board Members

  • Milton Cooper (90yo)

    Independent Director

    • Tenure: 48.4yrs
    • Compensation: US$191.72k
  • Leo Liebowitz (91yo)

    Co-Founder & Non-Executive Chairman

    • Tenure: 48.4yrs
    • Compensation: US$304.22k
  • Philip Coviello (76yo)

    Independent Director

    • Tenure: 23.3yrs
    • Compensation: US$209.22k
  • Howard Safenowitz (60yo)

    Lead Independent Director

    • Tenure: 9.7yrs
    • Compensation: US$254.22k
  • Dick Montag (86yo)

    Independent Director

    • Tenure: 9.4yrs
    • Compensation: US$196.72k
  • Mary Malanoski (62yo)

    Independent Director

    • Tenure: 1yrs
    • Compensation: US$91.63k
  • Chris Constant (40yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$1.33m

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$1.349b
  • Shares outstanding: 41.12m
  • Website: https://www.gettyrealty.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTYNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1980
GRLDB (Deutsche Boerse AG)YesCommon StockDEEURJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:38
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.