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Although the revenue and EPS for Getty Realty (GTY) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.54 per share a year ago.
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Kilroy Realty (KRC) and Getty Realty (GTY). But which of these two stocks offers value investors a better bang for their buck right now?
NEW YORK--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) will release its financial results for the third quarter ended September 30, 2023, after the market closes on Wednesday, October 25, 2023. Getty Realty Corp. will host a conference call and webcast on Thursday, October 26, 2023, at 8:30 a.m. EDT. To participate in the call, please dial 1-877-423-9813, or 1-201-689-8573 for international participants, ten minutes before the scheduled start. Participants may also access the call via live w.
Getty Realty Corp. is a specialized REIT that focuses on gas stations, convenience stores, and car wash stations. The company's business is stable and highly occupied, with an occupancy of 99.7% and rent collection rate close to 100%. Getty has a history of dividend growth and currently offers a dividend yield of 5.7%.
Getty Realty last declared a quarterly cash dividend in line with its prior payment, offering a 5.7% dividend yield. GTY is quite low risk from a gearing perspective and has maintained a healthy pace of dividend hikes for its common shareholders. A 130% dividend coverage and a heavy pace of new property acquisitions have set the backdrop for more near-term dividend hikes.
Getty Realty (GTY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
GTY, MBWM and GM made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 16, 2023.
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.56 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.53 per share a year ago.
3 Dividend Stocks Yielding About 5% That Should Continue Growing Their Payouts Through at Least 2025
Four Corners can satisfy an investor's craving for a high-yielding dividend. Getty Realty has lots of fuel to continue increasing its dividend.