Getty Realty Corp. (NYSE:GTY)

Getty Realty Corp. GTY

Real Estate - REIT - Retail - NYSE - US

Watchlist

$ 31.53

0.735 %

$ 1.73 B

Market Cap

27.18

P/E

1. INTRINSIC VALUE

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. As of September 30, 2020, the Company owned 896 properties and leased 58 properties from third-party landlords in 35 states across the United States and Washington, D.C.[ Read More ]

The intrinsic value of one GTY stock under the base case scenario is HIDDEN Compared to the current market price of 31.5 USD, Getty Realty Corp. is HIDDEN

GTY Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart GTY

FINANCIALS

Annual
Quarterly

186 M REVENUE

Growth Rates

1Year 12.23%

3Years 8.05%

5Years 6.43%

7Years 7.06%

10Years 6.13%

91.1 M OPERATING INCOME

Growth Rates

1Year -22.29%

3Years 6.44%

5Years 6.03%

7Years 8.89%

10Years 8.80%

60.2 M NET INCOME

Growth Rates

1Year -33.20%

3Years -4.65%

5Years 4.75%

7Years 6.62%

10Years -1.51%

105 M OPERATING CASH FLOW

Growth Rates

1Year 13.12%

3Years 8.33%

5Years 10.70%

7Years 16.17%

10Years 9.20%

-311 M INVESTING CASH FLOW

Growth Rates

1Year -123.44%

3Years -34.60%

5Years -32.55%

7Years -58.77%

10Years -46.45%

199 M FINANCING CASH FLOW

Growth Rates

1Year 548.43%

3Years 36.76%

5Years 37.54%

7Years 31.68%

10Years 21.10%

51.5 M REVENUE

Growth Rates

1Year 12.23%

3Years 8.05%

5Years 6.43%

7Years 7.06%

10Years 6.13%

25.2 M OPERATING INCOME

Growth Rates

1Year -22.29%

3Years 6.44%

5Years 6.03%

7Years 8.89%

10Years 8.80%

15.3 M NET INCOME

Growth Rates

1Year -33.20%

3Years -4.65%

5Years 4.75%

7Years 6.62%

10Years -1.51%

34.6 M OPERATING CASH FLOW

Growth Rates

1Year 13.12%

3Years 8.33%

5Years 10.70%

7Years 16.17%

10Years 9.20%

-28.4 M INVESTING CASH FLOW

Growth Rates

1Year -123.44%

3Years -34.60%

5Years -32.55%

7Years -58.77%

10Years -46.45%

-6.31 M FINANCING CASH FLOW

Growth Rates

1Year 548.43%

3Years 36.76%

5Years 37.54%

7Years 31.68%

10Years 21.10%

Balance Sheet Decomposition Getty Realty Corp.

1.82 B ASSETS
867 M LIABILITIES

Current Assets	239 M
Cash & Short-Term Investments	3.31 M
Receivables	171 M
Other Current Assets	64.4 M
Non-Current Assets	1.58 B
Long-Term Investments	0
PP&E	14.7 M
Other Non-Current Assets	1.57 B

Current Liabilities	81.6 M
Accounts Payable	27.4 M
Short-Term Debt	0
Other Current Liabilities	54.3 M
Non-Current Liabilities	785 M
Long-Term Debt	773 M
Other Non-Current Liabilities	12.4 M

EFFICIENCY

Earnings Waterfall Getty Realty Corp.

Revenue	186 M
Cost Of Revenue	23.8 M
Gross Profit	162 M
Operating Expenses	70.9 M
Operating Income	91.1 M
Other Expenses	31 M
Net Income	60.2 M

RATIOS

87.20% GROSS MARGIN

Averages

1Year 87.20%

3Years 86.67%

5Years 85.26%

7Years 84.33%

10Years 82.54%

49.04% OPERATING MARGIN

Averages

1Year 49.04%

3Years 98.57%

5Years 78.89%

7Years 69.83%

10Years 59.23%

32.37% NET MARGIN

Averages

1Year 32.37%

3Years 29.26%

5Years 23.05%

7Years 27.08%

10Years 28.01%

6.29% ROE

Averages

1Year 6.29%

3Years 6.12%

5Years 4.94%

7Years 5.92%

10Years 6.53%

3.30% ROA

Averages

1Year 3.30%

3Years 3.06%

5Years 2.45%

7Years 2.97%

10Years 3.27%

5.33% ROIC

Averages

1Year 5.33%

3Years 4.90%

5Years 3.78%

7Years 4.32%

10Years 4.27%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Getty Realty Corp.

Net Income	60.2 M
Depreciation & Amortization	51.3 M
Capital Expenditures	-309 K
Stock-Based Compensation	5.58 M
Change in Working Capital	-10 M
Others	-10.2 M
Free Cash Flow	105 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Getty Realty Corp.

Wall Street analysts predict an average 1-year price target for GTY of $34.2 , with forecasts ranging from a low of $33 to a high of $37 .

GTY Lowest Price Target Wall Street Target

33 USD 4.66%

GTY Average Price Target Wall Street Target

34.2 USD 8.47%

GTY Highest Price Target Wall Street Target

37 USD 17.35%

4. DIVIDEND ANALYSIS

1.45% DIVIDEND YIELD

0.47 USD DIVIDEND PER SHARE

5. COMPETITION

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas.

57.6 USD

REG

Overvalued 21.80%

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

13.4 USD

SITC

Overvalued 14.23%

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers.

3.85 USD

BRX

Overvalued 86.63%

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries.

11.4 USD

SKT

Overvalued 68.30%

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.

20.5 USD

NTST

Undervalued 32.49%

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

45.8 USD

PINE

Undervalued 159.80%

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

32.5 USD

KRG

Undervalued 21.81%

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics.

0.00217 USD

IVT

Overvalued 99.99%

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

52.1 USD

FCPT

Undervalued 84.55%

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.

24.2 USD

ROIC

Undervalued 39.71%

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region.

-0.701 USD

Overvalued 103.05%

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

101 USD

BFS

Undervalued 156.90%

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.

1.03 USD

AKR

Overvalued 95.80%

6. Ownership

Insider Ownership Getty Realty Corp.

Summary
Transactions

Sold

0-3 MONTHS

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3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

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3-6 MONTHS

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6-9 MONTHS

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9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
4 years ago Apr 03, 2020	Sell 972 K USD	LIEBOWITZ LEO Director	- 50000	19.45 USD
4 years ago Apr 06, 2020	Sell 1.13 M USD	LIEBOWITZ LEO Director	- 56000	20.2 USD
4 years ago Apr 03, 2020	Sell 966 K USD	LIEBOWITZ LEO Director	- 49858	19.38 USD
4 years ago Mar 25, 2020	Sell 538 K USD	LIEBOWITZ LEO Director	- 25000	21.5 USD
4 years ago Mar 25, 2020	Sell 558 K USD	LIEBOWITZ LEO Director	- 25000	22.3 USD
4 years ago Mar 16, 2020	Bought 206 K USD	COVIELLO PHILIP E JR Director	+ 10000	20.57 USD
4 years ago Mar 11, 2020	Sell 423 K USD	LIEBOWITZ LEO Director	- 16236	26.04 USD
4 years ago Mar 09, 2020	Sell 240 K USD	LIEBOWITZ LEO Director	- 8540	28.12 USD
4 years ago Mar 10, 2020	Sell 954 K USD	LIEBOWITZ LEO Director	- 33598	28.4 USD
4 years ago Mar 05, 2020	Sell 1.1 M USD	LIEBOWITZ LEO Director	- 37012	29.62 USD
4 years ago Mar 06, 2020	Sell 571 K USD	LIEBOWITZ LEO Director	- 19531	29.26 USD
4 years ago Mar 05, 2020	Sell 1.1 M USD	LIEBOWITZ LEO Director	- 37012	29.62 USD
4 years ago Mar 06, 2020	Sell 571 K USD	LIEBOWITZ LEO Director	- 19531	29.26 USD
4 years ago Mar 06, 2020	Sell 270 K USD	LIEBOWITZ LEO Director	- 9116	29.59 USD
4 years ago Mar 09, 2020	Sell 148 K USD	LIEBOWITZ LEO Director	- 5300	28 USD
4 years ago Mar 03, 2020	Sell 993 K USD	LIEBOWITZ LEO Director	- 34393	28.86 USD
4 years ago Mar 04, 2020	Sell 319 K USD	LIEBOWITZ LEO Director	- 10906	29.28 USD
4 years ago Mar 04, 2020	Sell 637 K USD	LIEBOWITZ LEO Director	- 21408	29.76 USD
4 years ago Dec 31, 2019	Sell 200 K USD	LIEBOWITZ LEO Director	- 6150	32.56 USD
9 years ago Mar 16, 2015	Bought 59.7 K USD	COOPER MILTON Director	+ 3297	18.11 USD
9 years ago Mar 13, 2015	Bought 251 K USD	COOPER MILTON Director	+ 14152	17.77 USD
9 years ago Mar 12, 2015	Bought 223 K USD	COOPER MILTON Director	+ 12551	17.75 USD
12 years ago Mar 28, 2012	Bought 150 K USD	MONTAG RICHARD E Director	+ 10000	14.99 USD
12 years ago Mar 20, 2012	Bought 139 K USD	COVIELLO PHILIP E JR Director	+ 10000	13.9 USD
13 years ago Nov 15, 2011	Bought 223 K USD	Driscoll David B President and CEO	+ 15000	14.8605 USD
13 years ago Jul 21, 2011	Sell 47.8 K USD	COOPER MILTON Director	- 1852	25.79 USD
13 years ago May 18, 2011	Bought 1.16 M USD	LIEBOWITZ LEO Director	+ 47351	24.51 USD
13 years ago May 17, 2011	Bought 63.6 K USD	LIEBOWITZ LEO Director	+ 2649	24 USD
13 years ago May 13, 2011	Bought 733 K USD	LIEBOWITZ LEO Director	+ 30000	24.44 USD
13 years ago May 13, 2011	Bought 1.21 M USD	LIEBOWITZ LEO Director	+ 50000	24.28 USD
14 years ago May 24, 2010	Bought 85.8 K USD	MONTAG RICHARD E Director	+ 4000	21.45 USD
16 years ago Sep 15, 2008	Bought 207 K USD	LIEBOWITZ LEO CEO	+ 10000	20.7441 USD
16 years ago Sep 12, 2008	Bought 104 K USD	LIEBOWITZ LEO CEO	+ 5000	20.8976 USD
16 years ago Jul 03, 2008	Bought 34.8 K USD	COOPER MILTON Director	+ 2500	13.9288 USD
16 years ago Mar 25, 2008	Bought 36.3 K USD	COVIELLO PHILIP E JR Director	+ 2500	14.5018 USD

7. News

Beat Back Market Turbulence With These Yields Up To 9% Election. Recession. No landing. Social unrest. Election contest. Low beta, anyone? Today we'll talk calm in a sea of manic. A six-pack of tranquil dividend payers yielding up to 8.9%. forbes.com - 2 weeks ago

Getty Realty: Solid Q3 Results Given Stable Cash Flow And Accretive M&A Getty Realty has gained 23% in the past year, driven by expectations of Federal Reserve rate cuts, and offers a 5.8% dividend yield. The company's stable business model, with 99.7% occupancy and strong tenant credit profiles, ensures consistent cash flow and minimal delinquency risk. Getty's long-term leases with automatic escalators and a solid balance sheet support its acquisitive growth strategy, yielding 8% on new deals. seekingalpha.com - 3 weeks ago

Getty Realty Corp. (GTY) Q3 2024 Earnings Call Transcript Getty Realty Corp. (NYSE:GTY ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 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 Farrell Granath - Bank of America Mitch Germain - Citizens JMP Securities Upal Rana - KeyBanc Capital Markets Wesley Golladay - Robert W. Baird & Co. Operator Good morning, and welcome to Getty Realty's Third Quarter 2024 Earnings Call. seekingalpha.com - 3 weeks ago

Getty Realty (GTY) Q3 FFO and Revenues Surpass Estimates Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.57 per share a year ago. zacks.com - 3 weeks ago

Getty Realty Corp. Announces Third Quarter 2024 Results - Reports $147.6 Million of Year-to-Date Investment Activity - - Raises 2024 Full Year Earnings Guidance - NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today its financial and operating results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net earnings: $0.27 per share Funds From Operations (“FFO”): $0.56 per share Adjusted Funds From Operations (“AFFO”): $0.59 per share Invested $30.2 million across 16 properties at an 8.0% initial cash yield, plus an additional $15.1 million across four properties subsequent to quarter end Raised gross proceeds of approximately $121.1 million in a follow-on common stock offering in connection with forward sales agreements Agreed to issue $125.0 million of new senior unsecured notes to certain investors in a private placement transaction Extended leases totaling 11.0% of annualized base rent, or ABR, and increased the portfolio's weighted average lease term, or WALT, to more than 10.0 years As of October 23, 2024, had a committed investment pipeline of more than $70.0 million for the development and/or acquisition of 24 convenience and automotive retail properties “We are pleased to have produced another quarter of consistent earnings growth, while expanding and diversifying our portfolio of convenience and automotive retail properties," stated Christopher J. globenewswire.com - 3 weeks ago

Getty Realty Corp. Announces Increased Quarterly Cash Dividend NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today that its Board of Directors declared a cash dividend of $0.47 per common share, an increase of 4.4% over the previous quarterly dividend. The dividend is payable on January 9, 2025 to holders of record on December 26, 2024. globenewswire.com - 3 weeks ago

U.S. REITs Log Dip In Short Interest In September Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the office sector remained the most-shorted at 5.3% of shares outstanding. Wheeler Real Estate Investment Trust logged the largest increase in short interest, up 16 percentage points to 32.4% of shares outstanding. seekingalpha.com - 1 month ago

Getty Realty: Double-Digit AFFO Growth, Near 6% Yield Make Them A Long-Term Buy Getty Realty remains an attractive buy for long-term dividend investors, offering a nearly 6% yield and strong fundamentals despite recent sector cooling. GTY has shown robust growth with double-digit FFO & AFFO increases and a solid balance sheet, supporting its expansion and long-term outlook. The REIT's portfolio, focused on convenience stores and car washes, presents some risks but also significant growth potential, especially with favorable interest rate trends. seekingalpha.com - 1 month ago

Buried Treasures: 11 Dramatically Undervalued REITs REIT yields are becoming more competitive, especially with the likelihood of interest rate cuts and low inflation on the horizon. This article identifies 35 equity REITs yielding 4.75% or better and at least 20% undervalued, narrowing down to 11 based on dividend safety, balance sheet quality, and growth projections. Avoid high-yield "sucker" stocks and companies with declining revenues or weak balance sheets to minimize risk and ensure stable returns. seekingalpha.com - 1 month ago

Getty Realty: Profitable, Solvent, And Undervalued Getty Realty is a net-lease REIT with a well-diversified portfolio of properties, high occupancy, and a solid tenant base. The REIT maintains a BBB- rating with manageable debt levels and high liquidity, ensuring financial flexibility and stability even in fluctuating interest rate environments. Despite some risks, GTY stock is undervalued, offering a high dividend yield which is supported by stable cash flows. seekingalpha.com - 2 months ago

Places You Routinely Visit Could Provide You With a Pathway Toward a Lifetime of Passive Income Agree Realty owns retail properties, like grocery stores and home improvement locations. Getty Realty owns gas stations and other auto-related convenience properties. fool.com - 2 months ago

2 Under-The-Radar Net Lease REITs: Where's The Love? Postal Realty Trust is a net lease REIT focused on USPS properties, with a 6.2 million SF portfolio and growth potential through consolidation. Getty Realty specializes in convenience stores and automotive properties, with a 1,124-property portfolio, strong tenant coverage, and consistent growth. Both PSTL and GTY offer solid dividends, trade at discounts, and are rated as Buy opportunities for potential growth in the net lease REIT sector. seekingalpha.com - 2 months ago

8. Profile Summary

Getty Realty Corp. GTY

COUNTRY US

INDUSTRY REIT - Retail

MARKET CAP $ 1.73 B

Dividend Yield 1.45%

Description 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. As of September 30, 2020, the Company owned 896 properties and leased 58 properties from third-party landlords in 35 states across the United States and Washington, D.C.

Contact Two Jericho Plaza, Jericho, NY, 11753 https://www.gettyrealty.com

IPO Date May 3, 1973

Employees 32

Officers Mr. Mark J. Olear Executive Vice President, Chief Investment Officer & Chief Operating Officer Mr. Eugene Shnayderman CPA Chief Accounting Officer & Controller Mr. Brian Robert Dickman Executive Vice President, Chief Financial Officer & Treasurer Mr. Christopher J. Constant President, Chief Executive Officer & Director Mr. Joshua Dicker J.D. Executive Vice President, General Counsel & Corporate Secretary

Price Chart GTY

Getty Realty Corp. GTY

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