BNET Industries

Market Cap:$556.4M
Last Fiscal Year Sales:$81.1M
  • Public
  • US
Dow Jones Description

We are the largest publicly traded real estate investment trust specializing in the ownership and leasing of service stations, convenience stores and petroleum distribution terminals in the United States. We provide financing to the petroleum and convenience store industries for acquisitions, site upgrades and refinancing through our sale/leaseback and net lease financing programs. We own or lease approximately 1,050 service station and convenience store properties and nine petroleum distribution terminals in twenty-one states. We were founded in 1955 with the ownership of one gasoline service station in New York City and historically operated as an integrated wholesale and retail marketer and owner of gasoline stations. As our business grew, we combined real estate ownership, leasing and management with petroleum supply and distribution. We had our initial public offering in 1971 under the name Power Test Corp. In 1997, we spun-off our petroleum marketing business to our shareholders as a separate NYSE listed company, Getty Petroleum Marketing Inc., which was acquired in 2000 by a subsidiary of OAO Lukoil, one of Russia's largest integrated oil companies. We lease approximately 90% of our properties to Getty Petroleum Marketing Inc. on a long-term net basis. The balance of the properties are leased to individual operators and petroleum distributors.

Director and Chief Executive Officer
Leo Liebowitz
Number of Employees 16
Contact Information

125 Jericho Tpke Ste 103

Jericho, New York 11753-1016

gettyrealty.com

(516) 478-5400

NAICS Code Nonresidential Property Managers: 531312

Recent Events

  • Getty Realty Declares Dividend

    11/20/09 - Stock Split / Dividend - View Story

  • Susser's Q3 Positive Despite Pressures

    11/05/09 - Financial Announcement - View Story

  • Getty Realty Corp. Announces Earnings Release Date and Invites You to Join Its Third Quarter...

    10/08/09 - Financial Announcement - View Story

  • Federal Capital Partners to buy ACPT for $43.6M

    10/02/09 - Joint Venture / Alliance - View Story

  • Getty Gains 36 Gas Stations

    9/29/09 - Merger / Acquisition - View Story

  • Cincinnati Financials Dividend Surprise

    8/21/09 - Stock Split / Dividend - View Story

  • Getty Realty Corp. Announces Financial Results for the Quarter and Six Months Ended June 30,...

    8/04/09 - Financial Announcement - View Story

News & Analysis

getty realty corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Leo Liebowitz Director and Chief Executive Officer
Thomas J. Stirnweis Cfo, Treasurer & Vice President
Kevin Shea Executive Vice President
Joshua Dicker General Counsel, Secretary & Vice President
Morgan Joseph Managing Director
Milton Cooper Director

Board of Directors

Name (plus bio) Position
Philip E Coviello Chairman
David B. Driscoll Board of Directors
Howard Safenowitz Board of Directors

Organization Position Status
Getty Realty Corp. Director and Chief Executive Officer Current
Getty Realty Corp. Chairman & CEO Former
Getty Realty Corp. Board of Directors Former

Organization Position Status
Getty Realty Corp. Cfo, Treasurer & Vice President Current
Getty Realty Corp. Board of Directors Current
Getty Petroleum Marketing Inc. Cfo, Vice President & Treasurer Former
Financial Reporting, Inc Manager Former
Analysis, Inc. Manager Former

Organization Position Status
Getty Realty Corp. Executive Vice President Current
Getty Realty Corp. Board of Directors Current

Before joining Getty, Mr. Dicker was in private practice for 20 years, most recently as a corporate partner of the national law firm Arent Fox, LLP, resident in its New York City office. Mr. Dicker is a magna cum laude graduate of New York Law School, where he served as an editor of the Law Review, and holds an LL.M. from New York University School of Law. Mr. Dicker commenced his legal career as a federal Law Clerk for Hon. B. Avant Edenfield, formerly Chief Judge U.S. District Court, Southern District of Georgia.

Organization Position Status
Getty Realty Corp. General Counsel, Secretary & Vice President Current
Getty Realty Corp. General Counsel & Secretary Former

Organization Position Status
Getty Realty Corp. Managing Director Current
Getty Realty Corp. Board of Directors Current

Organization Position Status
Getty Realty Corp. Chairman Current
Kimco Realty Corporation Director Current
Latham & Watkins Partner Former

Managing Director, Morgan Joseph & Co., Inc. since July 2001. Co-head of ING Barings Americas Equity Capital Markets from 1999 to 2001. Served as coordinator of all of ING Barings Global property activities from 1997 to 1999. From 1996 to 1997 served as the Furman Selz senior officer responsible for property, lodging and leisure activities.

Organization Position Status
Getty Realty Corp. Board of Directors Current

President, Safenowitz Family Corp. since June 1997. Served as the Senior Vice President, Business Affairs of Buena Vista Motion Pictures from March 2001 until April 2003, and prior thereto as Vice President, Business Affairs of Walt Disney Pictures and Television from January 1996 until March 2001. Neither company is affiliated with Getty. Served as a director of Marketing from December 1998 until December 11, 2000.

Organization Position Status
Getty Realty Corp. Board of Directors Current

Chairman of the Board of Kimco Realty Corporation, a real estate investment trust, since November 1991; Director of Blue Ridge Real Estate/Big Boulder Corporation, a real estate management and land development firm, since 1983. Neither company is affiliated with Getty.

Organization Position Status
Getty Realty Corp. Director Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
Blue Ridge Real Estate Co Board of Directors Current
Kimco Realty Corporation Chairman & CEO Former
Kimco Realty Corporation Chairman and Chief, Executive Officer Former
MassMutual Corporate Investors Trustee Former
MassMutual Corporate Investors Board of Directors Former
MassMutual Participation Investors Board of Directors Former

Executive News

  • Getty Realty Corp. Announces Increase in Regular Quarterly Common Stock Dividend

    Reuters - 8/20/09 - View Story

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     GTY $22.47 -0.03 (-0.13% )
Average Volume 98,116
Shares Outstanding 24.77M
Market Cap 556.5M
Year High 26.32
Year Low 13.25
Earnings Per Share 1.60
P/E Ratio 14.04
Dividend 1.90
Yield 8.46
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