Getty Realty Corp. Declares Dividend Amid Steady Growth Plans
Dividend Declaration by Getty Realty Corp.
Getty Realty Corp. (NYSE: GTY), a leading net lease REIT specializing in convenience and automotive retail real estate, recently made a significant announcement regarding its commitment to returning value to shareholders. The company confirmed that its Board of Directors has declared a cash dividend of $0.47 per common share. This dividend is set to be payable on October 9, 2025, to all holders of record as of September 25, 2025.
About Getty Realty Corp.
Getty Realty Corp. has established itself as a prominent player in the real estate investment trust (REIT) sector, particularly focused on acquiring, financing, and developing convenience and automotive retail properties. As of the end of March 2025, the company boasts a robust portfolio comprising 1,119 freestanding properties spread across 42 states, including Washington, D.C. This extensive footprint exemplifies the company's strategic approach to real estate investment and development.
Strategic Focus and Future Outlook
The core strategy of Getty Realty is centered on net lease properties, which allows for stable, predictable cash flows. This business model not only ensures sustainability and financial health but also aligns well with long-term growth objectives. The company aims to continue expanding its portfolio of retail and automotive properties, tapping into the increasing demand for convenient retail spaces.
Understanding Net Lease REITs
Net lease REITs, such as Getty, operate under a distinctive model where tenants are typically responsible for most property expenses. This structure provides a layer of security to investors and enables REITs to manage their resources efficiently. Given the volatile market conditions, this approach mitigates risk while ensuring that dividends can be maintained or even increased.
Commitment to Shareholders
Through its recent dividend declaration, Getty Realty reiterates its unwavering commitment to providing value for its shareholders. The company has a track record of consistent dividend payments, showcasing financial stability and growth in its operations. This reliability is a key factor for investors watching the competitive landscape of REITs and the real estate market.
Contact Information
For inquiries regarding investor relations, interested parties are encouraged to reach out via phone at (646) 349-0598. Additionally, a dedicated email for shareholder inquiries is available at ir@gettyrealty.com. This open communication line helps maintain transparency and fosters a positive relationship with investors.
Frequently Asked Questions
What is the announced cash dividend for Getty Realty Corp.?
The announced cash dividend is $0.47 per common share.
When will the dividend be payable?
The dividend will be payable on October 9, 2025, to shareholders on record as of September 25, 2025.
What type of properties does Getty Realty invest in?
Getty Realty focuses on convenience, automotive, and single-tenant retail real estate.
How many properties are in Getty Realty's portfolio?
As of March 31, 2025, Getty Realty's portfolio includes 1,119 properties.
What is a net lease REIT?
A net lease REIT is a type of real estate investment trust where tenants are responsible for property expenses, providing stable cash flows for investors.
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