| Business Summary | | Getty
Realty
Corp.
is
the
largest
real
estate
company
in
the
United
States
specializing
in
the
ownership,
leasing
and
management
of
gasoline
station/convenience
store
properties.
The
Company
has
a
Master
Lease
Agreement
with
Getty
Petroleum
Marketing,
Inc.
(Marketing)
under
which,
as
of
January
31,
2000,
1,013
service
station
and
convenience
store
properties
and
9
distribution
terminals
and
bulk
plants
were
leased
or
subleased
by
the
Company
as
the
lessor
to
Marketing
as
the
lessee.
As
of
January
31,
2000,
the
Company
owned
or
leased
72
additional
properties
not
included
under
the
Master
Lease,
most
of
which
were
leased
for
non-petroleum
use.
The
Company
also
owned
24
properties
being
held
for
disposition.
As
of
January
31,
2000,
the
Company
owned
in
fee
six
distribution
terminals
and
leased
three
bulk
plants
located
in
New
York,
New
Jersey,
Rhode
Island
and
Connecticut.
These
terminals
and
bulk
plants
have
an
aggregate
storage
capacity
of
approximately
48
million
gallons. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Getty
Realty
Corp.
is
a
real
estate
company
specializing
in
the
ownership
and
leasing
of
service
stations
and
petroleum
marketing
terminals.
For
the
comparable
three
months
ended
3/31/01,
revenues
increased
17%
to
$17.4
million.
Net
income
applicable
to
Common
totaled
$3.1
million,
up
from
$1.4
million.
Revenues
reflect
deferred
rent
receivable
recognized
in
the
current
period.
Earnings
reflect
lower
environmental
remediation
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
17,767;
after
tax
earnings
were
5,461. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Leo Liebowitz, 73 Pres,
CEO | $342K | John Fitteron, 59 CFO,
Sr. VP | 1.2M | Randi Filip, 40 VP,
Gen. Counsel, Sec. | -- | Kevin Shea, 41 VP | -- | Thomas Stirnweis, 42 Controller,
Treasurer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|