Getty Realty Corp. (N:GTY)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 292 Madison Avenue, 9Th Floor NEW YORK NY 10017-6318 |
| Tel: | N/A |
| Website: | https://gettyrealty.com |
| IR: | See website |
| Key People | ||
| Christopher J. Constant President, Chief Executive Officer, Director | Brian Robert Dickman Chief Financial Officer, Executive Vice President, Treasurer | Mark J. Olear Chief Operating Officer, Executive Vice President, Chief Investment Officer | Joshua Dicker Executive Vice President, General Counsel, Secretary |
| Business Overview |
| Getty Realty Corp. is a real estate investment trust. The Company specializes in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. Its portfolio includes convenience stores, express tunnel car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, and collision), and certain other freestanding retail properties, including drive-thru quick service restaurants and automotive parts retailers. Its portfolio consists of over 1,093 properties located in 40 states and Washington, D.C., and its tenants operate under a variety of national and regional brands. It leases its properties to tenants under triple-net leases, including 911 properties leased under 44 separate unitary or master triple-net leases, and 178 properties leased under single unit triple-net leases. Many of its properties are located at trafficked urban intersections or conveniently close to highway entrances or exit ramps. |
| Financial Overview |
| For the three months ended 31 March 2024, Getty Realty Corp. revenues increased 14% to $49M. Net income applicable to common stockholders increased 19% to $16.1M. Revenues reflect Revenues from rental properties increase of 11% to $47.2M, Interest on notes and mortgages receivab increase from $653K to $1.8M. Net income benefited from Gain on dispositions of real estate increase of 78% to $1M (income). |
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