NYSE:GTY

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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


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

-7.4%

GTY

-6.5%

US REITs

-3.1%

US Market


1 Year Return

-17.5%

GTY

-16.5%

US REITs

12.7%

US Market

Return vs Industry: GTY underperformed the US REITs industry which returned -16.5% over the past year.

Return vs Market: GTY underperformed the US Market which returned 12.7% over the past year.


Shareholder returns

GTYIndustryMarket
7 Day-7.4%-6.5%-3.1%
30 Day-10.6%-4.2%-2.9%
90 Day-11.6%0.2%8.2%
1 Year-12.9%-17.5%-13.2%-16.5%15.3%12.7%
3 Year6.3%-8.2%9.2%-3.8%37.8%28.5%
5 Year113.4%65.8%42.4%14.2%90.9%69.4%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GTY ($26.19) is trading below our estimate of fair value ($52.39)

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 (22.5x) compared to the US REITs industry average (32.5x).

PE vs Market: GTY is poor value based on its PE Ratio (22.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: GTY is poor value based on its PEG Ratio (2.7x)


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 5 analysts?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTY's forecast earnings growth (8.3% per year) is above the savings rate (2.2%).

Earnings vs Market: GTY's earnings (8.3% per year) are forecast to grow slower than the US market (23.1% 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 (9.9% 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 3.3%.


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?

5.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GTY's dividend (5.65%) is higher than the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: GTY's dividend (5.65%) is in the top 25% of dividend payers in the US market (4.88%)


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)

4.67yrs

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 ($USD1.68M) is below average for companies of similar size in the US market ($USD3.01M).

Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Leo Liebowitz
Co-Founder & Non-Executive Chairman49.33yrsUS$387.33k5.81%
$ 63.7m
Christopher Constant
President4.67yrsUS$1.68m0.0018%
$ 19.6k
Danion Fielding
VP, CFO & Treasurer4.58yrsUS$860.84k0.00018%
$ 2.0k
Mark Olear
Executive VP5.33yrsUS$1.27m0.00021%
$ 2.3k
Joshua Dicker
Executive VP12.58yrsUS$1.22m0.00043%
$ 4.7k
Eugene Shnayderman
Chief Accounting Officer & Controller6.75yrsno data0.00024%
$ 2.6k
James Craig
Vice President of Real Estate & Asset Management7.67yrsno datano 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

NamePositionTenureCompensationOwnership
Leo Liebowitz
Co-Founder & Non-Executive Chairman49.33yrsUS$387.33k5.81%
$ 63.7m
Christopher Constant
President4.67yrsUS$1.68m0.0018%
$ 19.6k
Milton Cooper
Independent Director49.33yrsUS$274.83k2.96%
$ 32.4m
Philip Coviello
Independent Director24.25yrsUS$292.33k0.18%
$ 2.0m
Howard Safenowitz
Lead Independent Director10.58yrsUS$337.33k0.54%
$ 5.9m
Richard Montag
Independent Director10.33yrsUS$279.83k0.16%
$ 1.8m
Mary Malanoski
Independent Director1.92yrsUS$274.83k0%
$ 0

10.6yrs

Average Tenure

77yo

Average Age

Experienced Board: GTY's board of directors are seasoned and experienced ( 10.6 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$1.098b
  • 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

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 Analysis2020/09/23 06:48
End of Day Share Price2020/09/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.