Getty Realty Corp is a real estate investment trust (REIT) in the United States specializing in the ownership and leasing of retail motor fuel and convenience store properties and petroleum distribution terminals.
As of December 31, 2009, it owned 910 properties and leased 161 additional properties.
Its properties are located in the Northeast and the Mid-Atlantic regions in the United States.
The Company also owns or leases properties in Texas, North Carolina, Hawaii, California, Florida, Arkansas, Illinois, Ohio and North Dakota.
All of its properties are leased or sublet to distributors and retailers engaged in the sale of gasoline and other motor fuel products, convenience store products and automotive repair services.
As of December 31, 2009, the Company leased approximately 78% of its 1061 owned and leased properties on a long-term, triple-net basis to Getty Petroleum Marketing Inc.
(After futher DD, I also believe there are apx. 126,000 Petro fill stations here in the United States and they own/lease apx 1%)
Shares Outstanding: 29.94 M
Float: 22.69M
Held by Insiders: 24.87%
Held by Institutions: 45.10%
Dividend Yield: 8.47%