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Stock Report | August 6, 2009 | Symbol: GTY(NYSE) Getty Realty Corp. on the watch By:Jie Gao(Jenny), Sheng-kai(Scott) Hsu, Jinsong(Jason) Zheng {draw:frame} Getty Realty Corp.(NYSE:GTY), a plain state corporation, is the largest publicly traded real estate investment sureness REIT in the unify States specializing in the ownership and leasing of retail force go off and gubbins store properties and petroleum dispersion terminals. As of adjoin 31, 2009, the Company owned 875 properties and leased 182 supererogatory propertieslocated primarily in the northeast and the Mid-Atlantic regions in the United States. Nearly completely of them are leased or let to distributors and retailers engaged in the sale of gasoline and other aim fuel products, comfort station store products and automotive fixedness services. {draw:frame} In 2007, Getty acquired seventy-four properties in decade states. However, due to the unfavorably securities industry condition, it only purchased nine properties in 2008 and the first quarter of 2009. Getty has a unique network of retail motor fuel and convenience store properties across the Northeast and the Mid-Atlantic regions of the United States. more of these properties are located at highly trafficked urban intersections or conveniently close to highways arrest and exit ramps.

Getty’s monger means of competition are rents charged in sexual congress to the in make producing potential of the location. As part of overall growth strategy, Getty on a well-ordered basis reviews opportunities to acquire additional properties and expects to continue to quest after erudition that it believes allow emolu ment its financial performance. Getty&rs! quo;s revenues materially come from lease properties. Thus, one of the growth strategies the company believes will benefit their financial performance is to acquire additional properties and continue to pursue acquisitions. The avocation table summarizes the numbers of properties acquired for the years ended celestial latitude 31, 2006, 2007 and...If you indigence to get a full essay, order it on our website: OrderEssay.net

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