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 LiebowitzNumber of Employees 16
Contact Information
125 Jericho Tpke Ste 103
Jericho, New York 11753-1016
(516) 478-5400
Peer Companies
NAICS Code Nonresidential Property Managers: 531312
Recent Events
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Getty Realty Declares Dividend
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Susser's Q3 Positive Despite Pressures
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Getty Realty Corp. Announces Earnings Release Date and Invites You to Join Its Third Quarter...
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Federal Capital Partners to buy ACPT for $43.6M
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Getty Gains 36 Gas Stations
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Cincinnati Financials Dividend Surprise
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Getty Realty Corp. Announces Financial Results for the Quarter and Six Months Ended June 30,...
News & Analysis
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getty realty corp. - All News and Analysis
Getty Realty Corp. Completes $100 Million Revolving Credit Facility
JERICHO, N.Y. -- Getty Realty Corp. (NYSE: GTY) announced today that it has entered into a definitive unsecured three-year senior revolving credit facility with JPMorgan, as administrative agent for a group of six domestic commercial banks, including JPMorgan. The credit facility is in the aggregate amount of $100,000,000, and...
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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
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Getty Realty Corp. Announces Increase in Regular Quarterly Common Stock Dividend



