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Getty Realty (NYSE:GTY) is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate.
It is set to report its Q1 2025 earnings on April 23. Wall Street analysts expect the company to post revenues of $51.46 million, up from $48.97 million in the prior-year period.
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The company's stock traded at approximately $17.66 per share 10 years ago. If you had invested $10,000, you could have bought roughly 566 shares. Currently, shares trade at $28.08, meaning your investment's value could have grown to $15,900 from stock price appreciation alone. However, Getty Realty also paid dividends during these 10 years.
Getty Realty's dividend yield is currently 6.79%. Over the last 10 years, it has paid about $15.84 in dividends per share, which means you could have made $8,970 from dividends alone.
Summing up $15,900 and $8,970, we end up with the final value of your investment, which is $24,870. This is how much you could have made if you had invested $10,000 in Getty Realty stock 10 years ago. This means a total return of 148.7%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 206.70%.
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Getty Realty has a consensus rating of "Market Outperform" and a price target of $33.50 based on the ratings of nine analysts. The price target implies more than 19% potential upside from the current stock price.
On Feb. 12, the company announced its Q4 2024 earnings, posting FFO of $0.60, compared to the consensus estimate of $0.59, and revenues of $53.02 million, compared to the consensus of $50.89 million, as reported by Benzinga.
"We are pleased to report strong fourth quarter investment and operating results, which helped the company achieve a 4.0% increase in AFFO per share in 2024,” CEO Christopher J. Constant said.
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Getty Realty adjusted its full-year 2025 AFFO guidance to $2.38 to $2.41 per diluted share, from its initial guidance of $2.40 to $2.42 per diluted share, to account for the potential impact of a recent tenant bankruptcy filing.
Given the expected upside potential, growth-focused investors may find Getty Realty stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 6.79% and consistent hikes. Getty Realty has raised its dividend consecutively for the last 12 years.
Check out this article by Benzinga for two more stocks offering high dividend yields.
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This article If You Invested $10K In Getty Realty Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com
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