Getty Realty Corp. Stock News

I am very bullish on REITs. But I still recognize that this sector is full of landmines. I highlight REITs to avoid this year.

Many REITs are historically cheap today. Some are cheap for a good reason. Others are just undervalued. I present a good example of that.

Getty Realty Corp. is an attractive REIT with a near 6% yield, strong fundamentals, and solid investment activity, making it a compelling buy for income investors. GTY's Q3 performance was impressive, beating revenue and FFO estimates, raising full-year AFFO guidance, and maintaining a high occupancy rate of 99.7%. The REIT has deleveraged its balance sheet, improved liquidity, and is well-posi...

– Repays Outstanding Term Loan and Extends Maturity to 2029 – – Company Has No Debt Maturities Until June 2028 –

NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today the allocations of the Company's 2024 dividend distributions on its common stock (CUSIP #374297109). The allocations as they will be reported on Form 1099-DIV are as follows:

US equity markets tumbled this week while benchmark interest rates surged to the cusp of multi-decade highs after a critical slate of employment data showed surprisingly buoyant labor market trends. Prompting a hawkish re-think of Fed policy expectations, inflation worries were further inflamed by surging energy prices amid frigid temperatures across the Central and East, while L.A. battled des...

Getty Realty boasts robust fundamentals, with a 99.7% occupancy rate and consistent rental collections, supporting its strong financial performance and dividend growth. The REIT's diversified portfolio spans 42 states, with significant exposure to convenience stores and automotive facilities, though tenant concentration poses some risk. We think its BBB- credit rating is borderline and its rent...

The New Year could pose challenges as markets absorb the Fed's latest interest rate cuts and the sell-off in global equities. However, higher-yielding investments can offer income and hedging opportunities. The S&P 500's Shiller price-to-earnings (P/E) Ratio, among other historic indicators, underscores fears of a potential bear market. Income-generating stocks can help offset potential losses ...