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NEW YORK - Getty Realty Corp. (NYSE:GTY) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.47 per common share, representing a nearly 7% yield based on current share price. According to InvestingPro data, the company has maintained dividend payments for 31 consecutive years and raised them for the past 8 years. The dividend will be payable on October 9, 2025, to shareholders of record as of September 25, 2025.
Getty Realty is a net lease real estate investment trust (REIT) that specializes in convenience and automotive retail real estate. The company maintains impressive gross profit margins of 94% and carries an overall "GOOD" financial health rating from InvestingPro. According to the company’s press release statement, its portfolio included 1,119 freestanding properties across 42 states and Washington, D.C., as of March 31, 2025.
The company focuses on the acquisition, financing, and development of convenience, automotive, and other single-tenant retail properties.
Getty Realty trades on the New York Stock Exchange under the ticker symbol GTY.
In other recent news, Getty Realty Corporation reported its first-quarter 2025 earnings, which showed a mixed performance. The company missed analyst expectations on earnings per share, reporting an EPS of $0.25 compared to the projected $0.3202. However, Getty Realty managed to slightly exceed revenue forecasts, bringing in $50.6 million against the anticipated $50.46 million. In a recent shareholder meeting, the company confirmed the re-election of its board members and approved the compensation package for its executive officers. Additionally, PricewaterhouseCoopers LLP was ratified as the independent auditor for the current fiscal year. These developments reflect ongoing governance and financial activities within the company.
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