Getty Realty Corp. (GTY) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Getty Realty Corp. (GTY) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.39 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.41. The company posted revenue of $28.40 million in the period, compared to analysts expectations of $29.00 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Getty Realty Corp. opened for trading at $19.76 and hit $20.09 on the upside on Monday, eventually ending the session at $20.05, with a gain of 1.88% or 0.37 points. The heightened volatility saw the trading volume jump to 1,49,103 shares. Company has a market cap of $675 M.

In a different news, on Mar 16, 2015, Milton Cooper (director) purchased 30,000 shares at $17.88 per share price.

Getty Realty Corp. is a real estate investment trust (REIT) in the United States. The Company specializes in the ownership leasing and financing of retail motor fuel and convenience store properties located in 19 states across the United States and Washington D.C. with concentrations in the Northeast and the Mid-Atlantic regions. The Company’s properties are operated under a variety of brands including Getty BP Exxon Mobil Shell Chevron Valero and Aloha. The Company owns the Getty trademark and trade name in connection with its real estate and the petroleum marketing business in the United States. All of the Company’s properties are leased on a triple-net basis primarily to petroleum distributors and to individual operators. The Company’s tenants supply fuel and either operate its properties directly or sublet its properties to operators who operate their gas stations convenience stores automotive repair service facilities or other businesses at its properties.

Getty Realty Corp.

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