GETTY RLTY CORP geht wieder ab !

;-)))
umstzstark
GrB  

 

 

nachtaktiv nicht nachtblind dann klappt das mit dem Salzwassergefilde
im übrigen die sind nicht nur doof die tun auch so
hab mal andere boards durchgesehn
....

GrB  

We are very pleased to add Richard Montag to our Board of Directors. He has previous experience in the real estate sector, and as a director serving on public company boards. He also knows our Company very well. I am confident that Dick will contribute seasoned judgment and important perspectives to our expanded Board.  

ja danke
ich bin nur scharf aud Kohle
will mich nicht in Schale hauen und mich in's Rampenlicht stellen  

die einzigartig sind
ich gehöre nicht dazu :-(((  

 

GETTY REALTY CORP. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
(unaudited)
           
    June 30,   December 31,
     2010   2009
Assets:          
     
Real Estate:      
Land   $ 253,466   $ 252,083  
Buildings and improvements     252,077      251,791  
   505,543    503,874  
Less accumulated depreciation and amortization     (140,502 )    (136,669 )
Real estate, net    365,041    367,205  
     
Net investment in direct financing lease    20,373    19,156  
Deferred rent receivable (net of allowance of $8,648 as of June 30, 2010 and $9,389 as of December 31, 2009)    27,640    27,481  
Cash and cash equivalents    10,091    3,050  
Recoveries from state underground storage tank funds, net    4,390    3,882  
Mortgages and accounts receivable, net    2,174    2,402  
Prepaid expenses and other assets     7,559      9,696  
Total assets   $ 437,268    $ 432,872  
           
Liabilities and Shareholders' Equity:          
     
Borrowings under credit line   $ 45,000   $ 151,200  
Term loan    23,980    24,370  
Environmental remediation costs    17,317    16,527  
Dividends payable    14,278    11,805  
Accounts payable and accrued expenses     19,974      21,301  
Total liabilities    120,549    225,203  
Commitments and contingencies    --    --  
Shareholders' equity:      
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 29,941,576 at June 30, 2010 and 24,766,376 at December 31, 2009
   299    248  
Paid-in capital    367,844    259,459  
Dividends paid in excess of earnings    (49,279 )   (49,045 )
Accumulated other comprehensive loss     (2,145 )    (2,993 )
Total shareholders' equity     316,719      207,669  
Total liabilities and shareholders' equity   $ 437,268    $ 432,872  
 
 
GETTY REALTY CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
 
   Three months ended June 30,  Six months ended June 30,

   2010   2009   2010   2009
           
Revenues from rental properties  $ 21,742   $ 20,531   $ 44,191   $ 41,154  
         
Operating expenses:        
Rental property expenses   2,314    2,498    5,538    5,544  
Impairment charges   -    1,069    -    1,069  
Environmental expenses, net   1,335    1,088    2,887     3,636  
General and administrative expenses   1,820    1,516    4,158    3,354  
Depreciation and amortization expense    2,405      2,696      4,795      5,229  
Total operating expenses    7,874      8,867      17,378      18,832  
Operating income
  13,868    11,664    26,813    22,322  
         
Other income, net   53    116    174    249  
Interest expense    (1,322 )    (1,242 )    (2,816 )    (2,437 )
Earnings from continuing operations   12,599    10,538    24,171    20,134  
         
Discontinued operations:        
Earnings from operating activities   32    4    55    104  
Gains from dispositions of real estate    1,328      3,063       1,638      3,295  
Earnings from discontinued operations    1,360      3,067      1,693      3,399  
Net earnings  $ 13,959    $ 13,605    $ 25,864    $ 23,533  
         
Basic and diluted earnings per common share:        
Earnings from continuing operations  $ .46   $ .43   $ .93   $ .81  
Earnings from discontinued operations  $ .05   $ .12   $ .07   $ .14  
Net earnings  $ .51   $ .55   $ 1.00   $ .95  
         
Weighted-average shares outstanding:        
Basic   27,150    24,766    25,958    24,766  
Stock options and restricted stock units    2      -      2      -    
Diluted    27,152      24,766      25,960      24,766  
 
 
GETTY REALTY CORP. AND SUBSIDIARIES
RECONCILIATION OF NET EARNINGS TO
FUNDS FROM OPERATIONS AND
ADJUSTED FUNDS FROM OPERATIONS
(in thousands, except per share amounts)
(unaudited)
 
   Three months ended June 30,  Six months ended June 30,

   2010   2009   2010   2009
Net earnings   $13,959   $13,605  $25,864   $23,533
         
Depreciation and amortization of real estate assets  2,409  2,760  4,804  5,353
Gains from dispositions of real estate  (1,328)  (3,079)  (1,638)  (3,348)
Funds from operations  15,040  13,286  29,030  25,538
Revenue recognition adjustments  (275)  (547)  (659)  (549)
Impairment charges  -  1,069  -  1,069
Adjusted funds from operations  $14,765  $13,808  $28,371  $26,058
         
Diluted per share amounts:        
Earnings per share  $.51  $.55  $1.00  $.95
Funds from operations per share  $.55  $.54  $1.12  $1.03
Adjusted funds from operations per share  $.54  $.56  $1.09  $1.05
         
Diluted weighted average shares outstanding  27,152  24,766  25,960  24,766



http://www.ariva.de/news/...and-Six-Months-Ended-June-30-2010-3495181  

Getty Realty Corp. Announces Increase in Regular Quarterly Common Stock Dividend
21:31 19.08.10

JERICHO, N.Y.--(BUSINESS WIRE)--

Getty Realty Corp. (NYSE-GTY) announced that at the Board of Directors meeting held earlier today the Directors unanimously approved the declaration of a quarterly Common Stock dividend in the amount of $0.48 per share payable on October 14, 2010 to holders of record on September 30, 2010. This is an increase of one-half cent per share over the prior quarterly Common Stock dividend. This is the sixth consecutive year that Getty has increased its dividend.

Getty Realty Corp. is the largest publicly traded real estate investment trust in the United States specializing in ownership and leasing of convenience store/gas station properties and petroleum distribution terminals. The Company owns and leases approximately 1,065 properties nationwide.

http://www.ariva.de/news/...r-Quarterly-Common-Stock-Dividend-3508956  

 

Getty Realty Corp. Announces Preliminary Financial Results for the Quarter and Nine Months Ended September 30, 2010
23:15 26.10.10

JERICHO, N.Y.--(BUSINESS WIRE)--

Getty Realty Corp. (NYSE-GTY) (Getty or the Company) today reported its preliminary financial results for the quarter and nine months ended September 30, 2010.

Net earnings for the quarter ended September 30, 2010 increased by $1.2 million to $13.4 million, as compared to $12.2 million for the quarter ended September 30, 2009. Net earnings for the nine months ended September 30, 2010 increased by $3.5 million to $39.2 million, as compared to $35.7 million for the nine months ended September 30, 2009. Earnings from continuing operations for the quarter ended September 30, 2010 increased by $2.8 million to $13.5 million, as compared to $10.7 million for the quarter ended September 30, 2009. Earnings from continuing operations for the nine months ended September 30, 2010 increased by $6.9 million to $37.7 million, as compared to $30.8 million for the nine months ended September 30, 2009. The results of discontinued operations, primarily comprised of gains on dispositions of real estate, was a loss of $0.2 million for the quarter ended September 30, 2010 as compared to earnings of $1.5 million for the quarter ended September 30, 2009. Earnings from discontinued operations were $1.5 million for the nine months ended September 30, 2010 as compared to $4.9 million for the nine months ended September 30, 2009.

The $2.8 million and $6.9 million increases in earnings from continuing operations for the quarter and nine months ended September 30, 2010, respectively, as compared to the respective prior year periods, were principally due to increased rental income and net reductions in operating expenses. The $1.7 million and $3.4 million decreases in earnings from discontinued operations for the quarter and nine months ended September 30, 2010, respectively, as compared to the respective prior year periods, were principally due to lower gains on dispositions of real estate.

During the second quarter of 2010, the Company completed a public stock offering of 5.2 million shares of common stock. The $108.2 million net proceeds from the offering was used in part to repay a portion of the outstanding balance under the Companys revolving credit facility and the remainder is available for general corporate purposes.

Funds from operations, or FFO, increased by $2.3 million to $15.7 million for the quarter ended September 30, 2010, and increased by $5.9 million to $44.8 million for the nine months ended September 30, 2010, as compared to $13.4 million and $38.9 million for the respective prior year periods. Adjusted funds from operations, or AFFO, increased by $2.5 million to $15.4 million for the quarter ended September 30, 2010, and increased by $4.8 million to $43.8 million for the nine months ended September 30, 2010, as compared to $12.9 million and $39.0 million for the respective prior year periods. Certain items, which are included in the increases in net earnings, are excluded from the increases in FFO and AFFO. The increases in FFO for the quarter and nine months ended September 30, 2010 were primarily due to the increases in net earnings discussed above and further below but exclude decreases in depreciation and amortization expense and decreases in gains on dispositions of real estate. The increases in AFFO for the quarter and nine months ended September 30, 2010 also exclude non-cash adjustments recorded for deferred rental revenue due to the recognition of rental income on a straight-line basis over the current lease term, net amortization of above-market and below-market leases and recognition of rental income under a direct financing lease using the effective interest rate method which produces a constant periodic rate of return on the net investment in the leased property (the Revenue Recognition Adjustments) which cause the Companys reported revenues from rental properties to vary from the amount of rent payments contractually due or received by the Company during the periods presented. The increase in AFFO for the nine months ended September 30, 2010 also excludes impairment charges recorded in 2009. FFO and AFFO are supplemental non-GAAP measures of the performance of real estate investment trusts and are defined and reconciled to net earnings in the financial tables at the end of this release.

The calculations of net earnings per share, FFO per share, and AFFO per share for the three and nine months ended September 30, 2010 were impacted by increases in the weighted average number of shares outstanding as a result of the issuance of 5.2 million shares of common stock in May 2010. The weighted average number of shares outstanding used in the Companys per share calculations increased by 5.2 million shares, or 20.9%, and 2.5 million shares, or 10.2%, for the three and nine months ended September 30, 2010, as compared to the respective prior year periods. Accordingly, the percentage or direction of the changes in net earnings, FFO and AFFO discussed above may differ from the changes in the related per share amounts. Diluted net earnings per share decreased by $0.04 per share to $0.45 per share for the quarter ended September 30, 2010, as compared to $0.49 per share for the quarter ended September 30, 2009. Diluted net earnings per share was $1.44 per share for the nine months ended September 30, 2010 and 2009. Diluted FFO per share decreased by $0.01 per share for the quarter ended September 30, 2010 and increased by $0.07 per share for the nine months ended September 30, 2010 to $0.53 per share and $1.64 per share, respectively, as compared to $0.54 per share and $1.57 per share for the respective prior year periods. Diluted AFFO per share was $0.52 per share for the quarters ended September 30, 2010 and 2009, and increased by $0.04 per share for the nine months ended September 30, 2010 to $1.61 per share, as compared to $1.57 per share for the nine months ended September 30, 2009.

Revenues from rental properties included in continuing operations increased by $1.2 million for the quarter ended September 30, 2010, and $4.3 million for the nine months ended September 30, 2010 to $22.0 million and $66.2 million, respectively, as compared to $20.8 million and $61.9 million for the respective prior year periods. Rent received increased by $1.4 million for the quarter ended September 30, 2010 to $21.7 million and by $4.3 million to $65.2 million for the nine months ended September 30, 2010, as compared to the respective prior year periods. The increases in rent received were primarily due to rental income from the thirty-six properties acquired from, and leased back to, White Oak Petroleum in September 2009 and, to a lesser extent, due to rent escalations, partially offset by the effect of dispositions of real estate and lease expirations. Rental revenue includes Revenue Recognition Adjustments which increased rental revenue by $0.3 million and $0.5 million for the quarters ended September 30, 2010 and 2009, respectively, and increased rental revenue by $0.9 million and $1.0 million for the nine months ended September 30, 2010 and 2009, respectively.

Impairment charges of $1.1 million recorded in the nine months ended September 30, 2009 were attributable to general reductions in real estate valuations in 2009 and, in certain cases, by the removal or scheduled removal of underground storage tanks by Getty Petroleum Marketing Inc., the Companys largest tenant. There were no impairment charges recorded in the quarters ended September 30, 2010 and 2009 and the nine months ended September 30, 2010.

Environmental expenses, net of estimated recoveries from underground storage tank funds included in continuing operations for the quarter ended September 30, 2010 decreased by $1.0 million to $1.0 million, as compared to $2.0 million for the prior year quarter. The decrease in net environmental expenses for the quarter ended September 30, 2010 was primarily due to a lower provision for estimated environmental remediation costs, which decreased by $1.1 million to $0.5 million for the quarter ended September 30, 2010, as compared to $1.6 million recorded for the quarter ended September 30, 2009. Environmental expenses, net of estimated recoveries from underground storage tank funds included in continuing operations for the nine months ended September 30, 2010 decreased by $1.8 million to $3.9 million, as compared to $5.7 million recorded for the prior nine month period. The decrease in net environmental expenses for the nine months ended September 30, 2010 was primarily due to a lower provision for estimated environmental remediation costs, which decreased by $1.0 million to $2.4 million for the nine months ended September 30, 2010, as compared to $3.4 million recorded for the nine months ended September 30, 2009, and lower litigation loss reserves and legal fees, which decreased by an aggregate $0.8 million to $0.9 million for the nine months ended September 30, 2010, as compared to $1.7 million for the nine months ended September 30, 2009. Environmental expenses vary from period to period and, accordingly, undue reliance should not be placed on the magnitude or the direction of change in reported environmental expenses for one period as compared to prior periods.

General and administrative expenses increased by $0.1 million to $1.8 million for the quarter ended September 30, 2010, and by $0.9 million to $6.0 million for the nine months ended September 30, 2010, as compared to $1.7 million and $5.1 million for the respective prior year periods. The increases in general and administrative expenses were principally due to higher employee compensation and benefit expenses.

Depreciation and amortization expense included in continuing operations decreased by $0.2 million to $2.4 million for the quarter ended September 30, 2010 and by $0.7 million to $7.2 million for the nine months ended September 30, 2010, as compared to $2.6 million and $7.9 million for the respective prior year periods. Depreciation expense decreased in the 2010 periods as compared to the 2009 periods due to the effect of certain assets becoming fully depreciated, lease terminations and property dispositions partially offset by depreciation charges related to properties acquired.

Interest expense decreased by $0.1 million to $1.1 million for the quarter ended September 30, 2010 and increased by $0.3 million to $3.9 million for the nine months ended September 30, 2010, as compared to $1.2 million and $3.6 million for the respective prior year periods. The decrease in interest expense for the quarter ended September 30, 2010 was due to lower average borrowings outstanding, partially offset by higher weighted average effective interest rates. The increase in interest expense for the nine months ended September 30, 2010 was due to higher weighted average effective interest rates partially offset by lower average borrowings outstanding.

David Driscoll, Gettys Chief Executive Officer commented, It was another good quarter for us and we maintain our focus on deploying capital. Transaction flow remains active with many attractive opportunities despite cap rate compression. We are aggressively pursuing our pipeline and broadening our capacity to source and close transactions.

Getty Realty Corp.s Third Quarter Earnings Conference Call is scheduled for tomorrow, Wednesday, October 27, 2010 at 9:00 a.m. Eastern Time. To participate in the conference call, please dial (719) 325-4789 five to ten minutes before the scheduled start time and reference pass code 1242982. If you cannot participate in the live event, a replay will be available on October 27, 2010 beginning at 12:00 noon Eastern Time through noon Eastern Time, October 30, 2010. To access the replay, please dial (719) 457-0820 and reference pass code 1242982.

Getty Realty Corp. is the largest publicly-traded real estate investment trust in the United States specializing in ownership and leasing of convenience store/gas station properties and petroleum distribution terminals. The Company owns and leases approximately 1,060 properties nationwide.

CERTAIN STATEMENTS CONTAINED HEREIN MAY CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. WHEN THE WORDS BELIEVES, EXPECTS, PLANS, PROJECTS, ESTIMATES AND SIMILAR EXPRESSIONS ARE USED, THEY IDENTIFY FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON MANAGEMENTS CURRENT BELIEFS AND ASSUMPTIONS AND INFORMATION CURRENTLY AVAILABLE TO MANAGEMENT AND INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. EXAMPLES OF FORWARD-LOOKING STATEMENTS IN THIS CURRENT REPORT ON FORM 8-K INCLUDE THE STATEMENTS OF THE CHIEF EXECUTIVE OFFICER RELATING TO THE COMPANYS FOCUS ON DEPLOYING CAPITAL AND ACQUIRING PROPERTIES. INFORMATION CONCERNING FACTORS THAT COULD CAUSE THE COMPANYS ACTUAL RESULTS TO DIFFER MATERIALLY FROM THESE FORWARD-LOOKING STATEMENTS CAN BE FOUND IN THE COMPANYS PERIODIC REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO PUBLICLY RELEASE REVISIONS TO THESE FORWARD-LOOKING STATEMENTS TO REFLECT FUTURE EVENTS OR CIRCUMSTANCES OR REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

GETTY REALTY CORP. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
(unaudited)
         
  September 30,   December 31,
   2010   2009
Assets:        
     
Real Estate:    
Land  $253,429  $252,083
Buildings and improvements  251,349  251,791
 504,778  503,874
Less accumulated depreciation and amortization  (142,103)  (136,669)
Real estate, net  362,675  367,205
     
Net investment in direct financing lease  20,464  19,156
Deferred rent receivable (net of allowance of $8,461 as of September 30, 2010 and $9,389 as of December 31, 2009)
 27,679  27,481
Cash and cash equivalents  3,587  3,050
Recoveries from state underground storage tank funds, net  4,136  3,882
Mortgages and accounts receivable, net  2,111  2,402
Prepaid expenses and other assets  7,456  9,696
Total assets  $428,108  $432,872
         
Liabilities and Shareholders' Equity:        
     
Borrowings under credit line  $38,700  $151,200
Term loan  23,785  24,370
Environmental remediation costs  16,953  16,527
Dividends payable  14,429  11,805
Accounts payable and accrued expenses  18,065
 21,301
Total liabilities  111,932
 225,203
Commitments and contingencies  --  --
Shareholders' equity:    
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 29,941,576 at September 30, 2010

and 24,766,376 at December 31, 2009
 299  248
Paid-in capital  367,965  259,459
Dividends paid in excess of earnings  (50,357)
 (49,045)
Accumulated other comprehensive loss  (1,731)  (2,993)
Total shareholders' equity  316,176
 207,669
Total liabilities and shareholders' equity  $428,108  $432,872
GETTY REALTY CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

     
    Three months ended September 30,   Nine months ended September 30,
   2010   2009   2010   2009
         
Revenues from rental properties  $21,981  $20,755  $66,164  $61,908
         
Operating expenses:        
Rental property expenses  2,164  2,623  7,702  8,163
Impairment charges  -  -  -  1,069
Environmental expenses, net  993
 2,044  3,880
 5,671
General and administrative expenses  1,806  1,748  5,964  5,102
Depreciation and amortization expense  2,406  2,634  7,203  7,863
Total operating expenses  7,369
 9,049  24,749
 27,868
Operating income  14,612
 11,706  41,415
 34,040
         
Other income, net  35  157  209  406
Interest expense  (1,116)  (1,195)  (3,932)  (3,632)
Earnings from continuing operations  13,531
 10,668  37,692
 30,814
         
Discontinued operations:        
Earnings (loss) from operating activities  (195)  (11)  (130)  81
Gains from dispositions of real estate  15  1,528  1,653  4,823
Earnings (loss) from discontinued operations  (180)  1,517  1,523  4,904
Net earnings  $13,351
 $12,185  $39,215
 $35,718
         
Basic and diluted earnings (loss) per common share:        
Earnings from continuing operations  $ .45
 $ .43  $ 1.38
 $ 1.24
Earnings (loss) from discontinued operations  $ (.01)  $ .06  $ .06  $ .20
Net earnings  $ .45  $ .49  $ 1.44  $ 1.44
         
Weighted-average shares outstanding:        
Basic  29,942  24,766  27,286  24,766
Stock options and restricted stock units  2  1  2  -
Diluted  29,944  24,767  27,288  24,766
GETTY REALTY CORP. AND SUBSIDIARIES
RECONCILIATION OF NET EARNINGS TO
FUNDS FROM OPERATIONS AND
ADJUSTED FUNDS FROM OPERATIONS
(in thousands, except per share amounts)
(unaudited)
 
   Three months ended September 30,  Nine months ended September 30,

   2010   2009   2010   2009
Net earnings   $13,351
  $12,185  $39,215
  $35,718
         
Depreciation and amortization of real estate assets  2,406  2,696  7,210  8,049
Gains from dispositions of real estate  (15)  (1,515)  (1,653)  (4,863)
Funds from operations  15,742
 13,366  44,772
 38,904
Revenue recognition adjustments  (293)  (461)  (952)  (1,010)
Impairment charges  -  -  -  1,069
Adjusted funds from operations  $15,449
 $12,905
 $43,820
 $38,963
         
Diluted per share amounts:        
Earnings per share  $.45  $.49  $1.44  $1.44
Funds from operations per share  $.53  $.54  $1.64
 $1.57
Adjusted funds from operations per share  $.52  $.52  $1.61  $1.57
         
Diluted weighted average shares outstanding  29,944  24,767  27,288  24,766

In addition to measurements defined by accounting principles generally accepted in the United States of America (GAAP), Getty also focuses on funds from operations (FFO) and adjusted funds from operations (AFFO) to measure its performance. FFO is generally considered to be an appropriate supplemental non-GAAP measure of the performance of REITs. FFO is defined by the National Association of Real Estate Investment Trusts as net earnings before depreciation and amortization of real estate assets, gains or losses on dispositions of real estate, (including such non-FFO items reported in discontinued operations), extraordinary items and cumulative effect of accounting change. Other REITs may use definitions of FFO and/or AFFO that are different than Gettys and, accordingly, may not be comparable.

Getty believes that FFO and AFFO are helpful to investors in measuring its performance because both FFO and AFFO exclude various items included in GAAP net earnings that do not relate to, or are not indicative of, Gettys fundamental operating performance. FFO excludes various items such as gains or losses from property dispositions and depreciation and amortization of real estate assets. In Gettys case, however, GAAP net earnings and FFO typically include the impact of deferred rental revenue (straight-line rental revenue), the net amortization of above-market and below-market leases and income recognized from direct financing leases on its recognition of revenues from rental properties (collectively the Revenue Recognition Adjustments), as offset by the impact of related collection reserves. GAAP net earnings and FFO from time to time may also include impairment charges and/or income tax benefits. Deferred rental revenue results primarily from fixed rental increases scheduled under certain leases with its tenants. In accordance with GAAP, the aggregate minimum rent due over the current term of these leases are recognized on a straight-line (or an average) basis rather than when payment is contractually due. The present value of the difference between the fair market rent and the contractual rent for in-place leases at the time properties are acquired is amortized into revenue from rental properties over the remaining lives of the in-place leases. Income from direct financing leases is recognized over the lease term using the effective interest method which produces a constant periodic rate of return on the net investment in the leased property. Impairment of long-lived assets represents charges taken to write-down real estate assets to fair value estimated when events or changes in circumstances indicate that the carrying amount of the property may not be recoverable. In prior periods, income tax benefits have been recognized due to the elimination of, or a net reduction in, amounts accrued for uncertain tax positions related to being taxed as a C-corp., rather than as a REIT, prior to 2001.

Getty pays particular attention to AFFO, a supplemental non-GAAP performance measure that Getty defines as FFO less Revenue Recognition Adjustments, impairment charges and income tax benefit. In Gettys view, AFFO provides a more accurate depiction than FFO of Gettys fundamental operating performance related to (i) the impact of scheduled rent increases from operating leases; (ii) rental revenue from acquired in-place leases; (iii) the impact of rent due from direct financing leases, (iv) Gettys rental operating expenses (exclusive of impairment charges); and (v) Gettys election to be treated as a REIT under the federal income tax laws beginning in 2001. Neither FFO nor AFFO represent cash generated from operating activities calculated in accordance with GAAP and therefore these measures should not be considered an alternative for GAAP net earnings or as a measure of liquidity.  

Getty Realty Corp. Announces Regular Quarterly Common Stock Dividend
16:55 19.11.10

JERICHO, N.Y.--(BUSINESS WIRE)--

Getty Realty Corp. (NYSE-GTY) announced that at the Board of Directors meeting held yesterday the Directors declared a quarterly Common Stock dividend in the amount of $0.48 per share payable on January 13, 2011 to holders of record on January 3, 2011.

Getty Realty Corp. is the largest publicly traded real estate investment trust in the United States specializing in ownership and leasing of convenience store/gas station properties and petroleum distribution terminals. The Company owns and leases approximately 1,060 properties nationwide
http://www.ariva.de/news/...r-Quarterly-Common-Stock-Dividend-3585343  

 

rt minus  

NYSE  29,93  $ -0,23%  30,00 $ 1.000 95.000 29,65 -  30,23 20:32:31
da hat einer ordentlich zugelangt  

100.700 sind getickert  

*rülps*  ...huch  

kaugummilutscher...
sorry  

 

da hat einer 4.700 abgeladen  

Getty Realty Corp. Announces the Appointment of Mike Ross as Senior Director of Acquisitions
22:50 30.11.10

JERICHO, N.Y.--(BUSINESS WIRE)--

Getty Realty Corp. (NYSE:GTY) ("Getty" or the "Company"), the only publicly traded REIT focused solely on ownership and leasing of retail motor fuel and convenience store properties, announced today that Mike Ross has joined the Company as Senior Director of Acquisitions. Ross has more than 15 years of origination experience at well-known industry firms including: Trustreet Properties, Merrill Lynch and FMAC.

Ross will be based in Dallas, Texas and will work closely with Getty Realty EVP Kevin Shea to pursue Gettys strategy of aggressively growing the Companys Convenience Store and Gasoline Marketing assets. Kevin Shea commented, Mikes location, experience and in depth knowledge of our industry and its players are an exciting addition to the Getty team. His addition enhances our focus on pursuing growth through providing capital to the Convenience Store and Gasoline Marketing industry.

David Driscoll, Gettys recently appointed President and CEO, stated, Gettys Board has charged management with the task of significantly growing the Company in the coming years. During the past 14 months we have added assets, increased our equity float and reduced our borrowing levels. Our intent is to continue our growth trajectory and by expanding our origination staff we are redoubling our efforts to acquire portfolios by providing competitively priced and innovatively structured capital to the industry. We currently own properties throughout the US (including Hawaii) operating under a variety of brands including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha. We are seeking to expand both our brand and geographic coverage throughout the US and into Canada as well. Mike, with his broad industry knowledge and national reputation, will be an important element to achieving this growth and we are proud he has chosen to join our team.

Getty Realty Corp. is the largest publicly-traded real estate investment trust in the United States specializing in ownership and leasing of retail motor fuel and convenience store properties and petroleum distribution terminals. The Company owns and leases approximately 1,060 properties nationwide.

CERTAIN STATEMENTS CONTAINED HEREIN MAY CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. WHEN THE WORDS INTENT "BELIEVES," "EXPECTS," "PLANS," "PROJECTS," "ESTIMATES", SEEKS AND SIMILAR EXPRESSIONS ARE USED, THEY IDENTIFY FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON MANAGEMENT'S CURRENT BELIEFS AND ASSUMPTIONS AND INFORMATION CURRENTLY AVAILABLE TO MANAGEMENT AND INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. EXAMPLES OF FORWARD-LOOKING STATEMENTS IN THIS CURRENT REPORT ON FORM 8-K INCLUDE THE STATEMENT OF THE CHIEF EXECUTIVE OFFICER THAT THE COMPANYS INTENT IS TO CONTINUE ITS GROWTH TRAJECTORY AND REDOUBLE ITS EFFORTS TO ACQUIRE PORTFOLIOS, AND THAT THE COMPANY IS SEEKING TO EXPAND ITS BRAND AND GEOGRAPHIC COVERAGE THROUGHOUT THE US AND INTO CANADA. INFORMATION CONCERNING FACTORS THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THESE FORWARD-LOOKING STATEMENTS CAN BE FOUND IN THE COMPANY'S PERIODIC REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO PUBLICLY RELEASE REVISIONS TO THESE FORWARD-LOOKING STATEMENTS TO REFLECT FUTURE EVENTS OR CIRCUMSTANCES OR REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.



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http://www.ariva.de/news/...s-Senior-Director-of-Acquisitions-3593372  

 

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