The Trouble With Getty Realty
Since I last wrote about Getty Realty (GTY), the company's situation has improved and the stock is up about 18%. Getty is the largest real estate investment trust specializing in gas stations, convenience stores and petroleum distribution terminals.
The shares were hammered between July and March, falling 45% after Getty's largest tenant, Getty Petroleum Marketing (GPMI), missed a lease payment last August. In January, GPMI, which had a master lease covering 69% of Getty's 1149 properties, filed for bankruptcy protection....308 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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