GTY Stock Recent News

Getty Realty benefits from higher stock prices, as it can use freshly raised capital for property acquisitions and growth. It has a solid portfolio with 99.7% occupancy and full rent collection, and it continues to grow by adding higher growth potential property types. GTY stock offers a well-covered 5% dividend yield and could provide investors with ~10% annual returns, making it a reasonably priced investment option.

Getty Realty specializes in gas stations, car washes, auto parts stores, and convenience stores. EPR Properties could deliver blockbuster results this summer.

Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.56 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to FFO of $0.52 per share a year ago.

Getty Realty has shown consistent top line growth for the last 10 years. As it is a triple net lease company, margins are much higher than many peers.

One concerning aspect of dividend investing is that it can be easy to be attracted to stocks with the highest yields. Suppose a company's share price lowers, which causes its yield to increase.

Net Lease REITs - historically one of the most "rate-sensitive" property sectors - have surprisingly been the best-performing major property sector since early 2021 despite the significant rise in interest rates. Private market values have remained far "stickier" than comparable public market assets. Increases in these REITs' cost of capital has far-outpaced cap rate increases, resulting in record-low investment spreads.

Getty Realty (GTY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Getty Realty Corp. (NYSE:GTY ) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Chief Operating Officer Brian Dickman - Chief Financial Officer Conference Call Participants Brad Heffern - RBC Capital Markets Mitch Germain - JMP Securities LLC Operator Good morning, and welcome to Getty Realty's Earnings Conference Call for the Fourth Quarter 2022. This call is being recorded.

Getty Realty (GTY) delivered FFO and revenue surprises of 10% and 1.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Getty Realty is a pure-play net lease REIT with strong portfolio fundamentals. It's executing against its acquisition strategy and has plenty of growth opportunities in a fragmented sector.