Getty Realty Corp. (GRL)
XFRA 
Summary
GRL Chart
Getty Realty: Undervalued REIT Poised For A Recovery
Getty Realty offers a compelling ~6.73% dividend yield, supported by solid financials and resilient occupancy rates above 99%. Despite tenant concentration, diversification efforts and unitary leases limit risk, on top of fixed-rate debt maturities coming only from 2028 onward. A likely interest rate cut would boost REIT valuations and dividend appeal, positioning Getty for outsized gains versus peers.
Getty Realty Corp. (GTY) Q1 2025 Earnings Call Transcript
Start Time: 08:30 January 1, 0000 9:16 AM ET Getty Realty Corp. (NYSE:GTY ) Q1 2025 Earnings Conference Call April 24, 2025, 08:30 AM ET Company Participants Christopher Constant - President and CEO Mark Olear - EVP and COO Brian Dickman - EVP, CFO and Treasurer Joshua Dicker - EVP, General Counsel and Secretary Conference Call Participants Daniel Byrne - Bank of America Mitch Germain - Citizens JMP Upal Rana - KeyBanc Capital Markets Wes Golladay - Baird Brad Heffern - RBC Michael Goldsmith - UBS Michael Gorman - BTIG Operator Good morning, and welcome to Getty Realty First Quarter 2025 Earnings Call. This call is being recorded.
Getty Realty (GTY) Q1 FFO Match Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.59 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.57 per share a year ago.
Getty Realty Corp. Dividends
| GRL 24 Mar 2021 | Other | €0.39 Per Share |
| GRL 23 Dec 2020 | Other | €0.39 Per Share |
| GRL 23 Sep 2020 | Other | €0.37 Per Share |
| GRL 24 Jun 2020 | Other | €0.37 Per Share |
| GRL 25 Mar 2020 | Other | €0.37 Per Share |
Getty Realty Corp. Earnings
| 22 Jul 2025 (In 5 days) Date | | 0.31 Cons. EPS | - EPS |
| 23 Apr 2025 Date | | - Cons. EPS | - EPS |
| 12 Feb 2025 Date | | 0.31 Cons. EPS | 0.39 EPS |
| 23 Oct 2024 Date | | 0.31 Cons. EPS | 0.27 EPS |
| 24 Jul 2024 Date | | 0.3 Cons. EPS | 0.3 EPS |
| GRL 24 Mar 2021 | Other | €0.39 Per Share |
| GRL 23 Dec 2020 | Other | €0.39 Per Share |
| GRL 23 Sep 2020 | Other | €0.37 Per Share |
| GRL 24 Jun 2020 | Other | €0.37 Per Share |
| GRL 25 Mar 2020 | Other | €0.37 Per Share |
| 22 Jul 2025 (In 5 days) Date | | 0.31 Cons. EPS | - EPS |
| 23 Apr 2025 Date | | - Cons. EPS | - EPS |
| 12 Feb 2025 Date | | 0.31 Cons. EPS | 0.39 EPS |
| 23 Oct 2024 Date | | 0.31 Cons. EPS | 0.27 EPS |
| 24 Jul 2024 Date | | 0.3 Cons. EPS | 0.3 EPS |
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Getty Realty Corp. Profile
| REIT - Retail Industry | Real Estate Sector | Christopher J. Constant CEO | XFRA Exchange | US3742971092 ISIN |
| US Country | 29 Employees | 26 Jun 2025 Last Dividend | 1 Apr 1997 Last Split | 3 May 1973 IPO Date |
Overview
Getty Realty Corp. stands as a distinguished entity in the landscape of real estate investment trusts (REITs). This publicly traded company carves its niche through the specialization in the net lease sector, focusing primarily on the acquisition, financing, and development of single-tenant retail real estate. Getty Realty's portfolio uniquely caters to convenience, automotive, and various other single-tenant retail sectors, demonstrating a strategic diversification that responds to specific market demands. As a testament to its expansive operations and strategic market positioning, by the end of December 31, 2023, Getty Realty's real estate portfolio boasted an impressive tally of 1,093 freestanding properties. These properties are strategically dispersed across 40 states throughout the United States, including the capital, Washington, D.C., underlining the company’s extensive reach and influence across the nation.
Products and Services
- Net Lease REIT Specialization
At the heart of Getty Realty’s business model is its specialization in net lease real estate investment trusts. This approach focuses on acquiring, financing, and developing properties that are then leased to tenants under long-term agreements. Tenants are typically responsible for most, if not all, of the property expenses, including maintenance, taxes, and insurance, which provides stable, predictable revenue streams to Getty Realty.
- Acquisition and Financing
Getty Realty Corp. is adept at identifying promising retail real estate opportunities across convenience, automotive, and other single-tenant sectors. Leveraging rigorous analysis and a strategic perspective, the company acquires assets that are poised for sustainable profitability. Further, Getty Realty provides tailored financing solutions to support the development and enhancement of these properties, ensuring they align with both the tenants' needs and the company’s growth objectives.
- Development
The development arm of Getty Realty Corp. focuses on bringing new retail spaces to market, as well as enhancing the value of existing properties. By capitalizing on strategic locations and evolving consumer demands, the company develops properties that accommodate the needs of high-quality tenants and, in turn, drive long-term, value-added growth for its stakeholders.
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