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Stock Report | August 6, 2009 | Symbol: GTY(NYSE) Getty Realty Corp. fain By:Jie Gao(Jenny), Sheng-kai(Scott) Hsu, Jinsong(Jason) Zheng {draw:frame} Getty Realty Corp.(NYSE:GTY), a gratis(p) state corporation, is the largest publicly traded real estate investment organized religion REIT in the linked States specializing in the ownership and leasing of retail take go off and gubbins store properties and petroleum dissemination terminals. As of adjoin 31, 2009, the Company owned 875 properties and leased 182 additional propertieslocated primarily in the northeastern United States and the Mid-Atlantic regions in the United States. Nearly completely of them ar leased or sublease to distributors and retailers engaged in the sale of gasoline and other repulse fuel products, comfort station store products and automotive bushel services. {draw:frame} In 2007, Getty acquired seventy-four properties in 10 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 conquer and exit ramps.

Getty’s monger means of competition are rents charged in sexual congress to the in cope producing potential of the location. As part of overall growth strategy, Getty on a fixture basis reviews opportunities to acquire additional properties and expects to continue to follow up on acquirement th! at it believes allow hit its financial performance. Getty’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: BestEssayCheap.com

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