Getty Realty Corp.(GTY)- NYSE
  • May 7, 2013, 3:25 PM

    Gramercy Property Trust (GPT +1%) moves about 3% off the session low as the earnings call/business plan update reveals a management focused and executing on its plan to turn the company into a pure play equity REIT. The implied cap rate (pg. 27-31) of net lease companies (O, WPC, NNN, LXP, EPR, SRC, ARCP,GTY) of 5%-6.5% is far below the 7.5%-8.5% Gramercy is closing deals at - "(the) widest arbitrage in our experience."

    | May 7, 2013, 3:25 PM | 1 Comment
  • Mar. 16, 2012, 9:59 AM
    Investors aren't taking kindly to news that Getty Realty (GTY) plans to defer its next dividend payment after fretting over its cash flow situation. Shares are down 10.8% on heavy volume after the firm also reported Q4 earnings.
    | Mar. 16, 2012, 9:59 AM
  • Dec. 6, 2011, 2:14 PM

    Shares of Getty Realty (GTY -8%) are hit hard after Getty Petroleum Marketing, a former unit of Russian oil company Lukoil (LUKOY.PK -5.6%), filed for Chapter 11 bankruptcy protection yesterday. The realty company is trying to end its leasing deal with Getty Petroleum to sublease 800 property units to gas-station operators around the country.

    | Dec. 6, 2011, 2:14 PM
  • Aug. 9, 2011, 1:55 PM

    Real estate trust Getty Realty (GTY) is down 19.8% after announcing it hasn't been paid rent by its largest tenant, Getty Petroleum Marketing, due to the latter's "distressed financial position, weakness in operating margins, and cash flow deficiencies." Judging by the market's response, it doesn't expect this problem to be resolved quickly.

    | Aug. 9, 2011, 1:55 PM
Company Description
Getty Realty Corp. operates as a real estate investment trust. It acquires, owns, sells, and leases out convenience store and gas service station properties. The company was founded by Leo Liebowitz in 1955 and is headquartered in Jericho, NY.
Sector: Financial
Industry: REIT - Diversified
Country: United States