Getty Realty (GTY) Q2 FFO Lag Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.6 per share. This compares to FFO of $0.58 per share a year ago.
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: Could See Selling Pressure Ahead, But 6% Yield Is Attractive
Getty Realty Corp, a REIT focusing on convenience stores and car washes, is a viable long-term option due to its strong balance sheet and near 6% yield. Despite economic challenges, Getty Realty delivered solid performance with 13% AFFO growth and a high occupancy rate of 99.7% across 1,114 properties. Tenant headwinds, particularly from car washes, pose risks, but Getty's strong liquidity and no debt maturing until 2028 provide financial flexibility.
Getty Realty: Limited Downside And Room To Grow
Getty Realty excels in a challenging real estate market with high occupancy rates, strong FFO and AFFO growth, and favorable debt maturities extending to 2028. The REIT's tenant mix, primarily in convenience stores and auto services, ensures stable income, though EV adoption poses long-term risks. Getty's strong financials, including a 6.2% dividend yield and potential for further growth through acquisitions, make it an attractive investment.
Getty Realty: Great Time To Fill Up On This High Yielder
Getty Realty offers a 6% dividend yield, steady AFFO growth, and a disciplined property acquisition strategy, making it a decent high-yield investment opportunity. GTY's portfolio focuses on automotive retail and convenience, with a strong occupancy rate of 99.7%. With a forward P/FFO of 13.5 and growth opportunities in a fragmented market, GTY is an attractive buy for income investors seeking stability and long-term value.
Getty Realty Corp. (GTY) Q4 2024 Earnings Call Transcript
Getty Realty Corp. (NYSE:GTY ) Q4 2024 Earnings Conference Call February 13, 2025 9:00 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Executive Vice President and Chief Operating Officer Brian Dickman - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Mitch Germain - Citizens JMP Farrell Granath - Bank of America Wesley Golladay - Baird Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to Getty Realty's Fourth Quarter 2024 Earnings Call. This call is being recorded.
Getty Realty (GTY) Q4 FFO and Revenues Surpass Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to FFO of $0.57 per share a year ago.
Adapting To Change: Getty Realty And The EV Transition
Getty Realty Corp. generates most of its revenue from leasing properties to fuel stations, a sector that needs to adapt to rising EV adoption and improved fuel efficiency. GTY's lack of DC Fast Charging stations means missing out on potential revenue from charging and associated spend of EV drivers at co-located convenience stores/QSRs. Despite minimal exposure to California, geographic diversification does not shield GTY from the EV transition. We see significant YoY growth in new EV registrations across key states of its portfolio.
Getty Realty: This Overlooked Near 6% Yielder Is Even More Attractive Than Before
Getty Realty Corp. is an attractive REIT with a near 6% yield, strong fundamentals, and solid investment activity, making it a compelling buy for income investors. GTY's Q3 performance was impressive, beating revenue and FFO estimates, raising full-year AFFO guidance, and maintaining a high occupancy rate of 99.7%. The REIT has deleveraged its balance sheet, improved liquidity, and is well-positioned to benefit from declining interest rates, enhancing its long-term growth potential.
Getty Realty's Updated Guidance Adds To Its Solid Baseline
Getty Realty boasts robust fundamentals, with a 99.7% occupancy rate and consistent rental collections, supporting its strong financial performance and dividend growth. The REIT's diversified portfolio spans 42 states, with significant exposure to convenience stores and automotive facilities, though tenant concentration poses some risk. We think its BBB- credit rating is borderline and its rental increase rate seems low. Nonetheless, Getty's solid asset allocation and external liquidity access likely enhance its financial stability.
