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

-1.1%

GTY

1.9%

US REITs

-0.2%

US Market


1 Year Return

12.5%

GTY

12.8%

US REITs

1.1%

US Market

GTY matched the REITs industry (13%) over the past year.

GTY outperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

GTYIndustryMarket
7 Day-1.1%1.9%-0.2%
30 Day4.0%1.9%2.5%
90 Day2.5%3.0%1.6%
1 Year17.5%12.5%17.9%12.8%3.4%1.1%
3 Year51.4%32.3%26.9%10.6%45.2%35.8%
5 Year138.9%84.7%70.9%35.2%62.6%44.8%

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

1 month ago | Simply Wall St

Update: Getty Realty (NYSE:GTY) Stock Gained 61% In The Last Five Years

Valuation

Is Getty Realty undervalued based on future cash flows and its price relative to the stock market?

32%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Getty Realty is poor value based on expected growth next year.


Price Based on Value of Assets

Getty Realty is overvalued based on assets compared to the US REITs industry average.


Next Steps

Future Growth

How is Getty Realty expected 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 Estimates


Future Annual Growth Analysis

Getty Realty's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).

Getty Realty's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).

Getty Realty's revenue growth is positive but not above the United States of America market average.

Getty Realty's earnings growth is positive but not above the United States of America market average.

Getty Realty's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Getty Realty is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

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 (5.1% vs 16.1%)

Getty Realty's earnings growth has not exceeded the US REITs industry average in the past year (5.1% vs 17%).


Return on Equity

Getty Realty has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Getty Realty used its assets more efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

Getty Realty's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Getty Realty's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Getty Realty's level of debt (74.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (32% vs 74.8% today).

Debt is not well covered by operating cash flow (14.7%, 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).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.6x debt.


Next Steps

Dividend

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

4.52%

Expected Dividend Yield


Dividend Yield and Payments Analysis

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 (3.71%).

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

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (54.3x coverage).


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)

3.7yrs

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

Chris's remuneration is lower than average for companies of similar size in United States of America.

Chris's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.8yrs

Average Tenure

55yo

Average Age

The average tenure for the Getty Realty management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.6yrs

Average Tenure

76yo

Average Age

The tenure for the Getty Realty board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Leo Liebowitz (91yo)

    Co-Founder & Non-Executive Chairman

    • Tenure: 48.3yrs
    • Compensation: US$304.22k
  • Chris Constant (40yo)

    President

    • Tenure: 3.7yrs
    • Compensation: US$1.33m
  • Mark Olear (55yo)

    Executive VP

    • Tenure: 4.3yrs
    • Compensation: US$1.02m
  • Josh Dicker (58yo)

    Executive VP

    • Tenure: 11.6yrs
    • Compensation: US$971.57k
  • Danion Fielding (47yo)

    VP, CFO & Treasurer

    • Tenure: 3.6yrs
    • Compensation: US$677.56k
  • Eugene Shnayderman

    Chief Accounting Officer & Controller

    • Tenure: 5.8yrs
  • Jim Craig

    Vice President of Real Estate & Asset Management

    • Tenure: 6.7yrs

Board Members

  • Milton Cooper (90yo)

    Director

    • Tenure: 48.3yrs
    • Compensation: US$191.72k
  • Leo Liebowitz (91yo)

    Co-Founder & Non-Executive Chairman

    • Tenure: 48.3yrs
    • Compensation: US$304.22k
  • Philip Coviello (76yo)

    Director

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

    Lead Independent Director

    • Tenure: 9.6yrs
    • Compensation: US$254.22k
  • Dick Montag (86yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$196.72k
  • Mary Malanoski (62yo)

    Director

    • Tenure: 0.9yrs
    • Compensation: US$91.63k
  • Chris Constant (40yo)

    President

    • Tenure: 3.7yrs
    • 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$1.315b
  • 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 Analysis2019/09/20 00:14
End of Day Share Price2019/09/19 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.