Investors seeking an income investment in a conservative, high pedigree company should place Getty Realty Corp. (NYSE:GTY) on their radar screens. The shares are currently reasonably priced at USD$18.57 per share. Getty Realty pays a quarterly cash distribution of USD$0.20 per share, and the distribution not only appears safe, but is likely to be increased. At current prices, the shares yield 4.3%.
Getty Realty is a real estate investment trust (REIT) specializing in the ownership, leasing, and financing of U.S. gas stations. Getty Realty currently operates a total of 916 retail gas stations and convenience stores. Of these, the company owns 798 properties. An additional 118 are leased from third-party landlords, and operated by Getty Realty. The company...
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