Getty Realty Corp. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

Getty Realty Corp held its earnings conference call. The company plans to look at acquisition opportunities. Leo Liebowitz, Chairman and CEO of the company said: “As to other acquisition opportunities, as you know the majors at (inaudible) announced that they intend to divest themselves of much of their retail operations or distributor operations and we are approached continuously and do have opportunities to make additional acquisitions.”

Getty Realty Corp. reported preliminary financial results for the third quarter and nine months ended September 30, 2009. Net earnings increased by $1.7 million to $12.2 million for the quarter ended September 30, 2009, as compared to $10.5 million for the quarter ended September 30, 2008. Earnings from continuing operations increased by $0.8 million to $10.7 million for the quarter ended September 30, 2009, as compared to $9.9 million for the quarter ended September 30, 2008. Funds from operations, or FFO, increased by $0.5 million to $13.4 million for the quarter ended September 30, 2009 as compared to $12.9 million a year ago. Adjusted funds from operations, or AFFO, increased by $0.7 million to $12.9 million for the quarter ended September 30, 2009 as compared to $12.2 million a year ago. Diluted net earnings per share increased by $0.07 per share for the quarter ended September 30, 2009 to $0.49 per share as compared to $0.42 per share for the respective prior year period. For the quarter, the company reported revenues from rental properties of $20.21 million and operating income of $11.6 million compared to revenues from rental properties of $20.23 million and operating income of $11.4 million for the same period a year ago. For the nine months, the company reported revenues from rental properties of $60.2 million and operating income of $33.9 million compared to revenues from rental properties of $60.4 million and operating income of $34.7 million for the same period a year ago. Net earnings increased by $3.2 million to $35.7 million for the nine months ended September 30, 2009, as compared to $32.5 million for the same prior year period. Earnings from continuing operations increased by $0.8 million to $30.8 million for the nine months ended September 30, 2009 as compared to $30.0 million for the nine months ended September 30, 2008. The $1.7 million and $3.2 million increase in net earnings for the quarter and the nine months ended September 30, 2009, respectively, were principally due to increased gains on dispositions of real estate, lower interest expense and reductions in various operating expenses as compared to the respective prior year periods, partially offset by $1.1 million of impairment charges included in the nine months ended September 30, 2009. Funds from operations, or FFO, increased by $0.2 million to $38.9 million for the nine months ended September 30, 2009, as compared to $38.7 million for the prior year period. Adjusted funds from operations, or AFFO, increased by $2.1 million to $39.0 million for the nine months ended September 30, 2009, as compared to $36.9 million for the prior year period. Diluted net earnings per share increased by $0.13 per share for the nine months ended September 30, 2009 to $1.44 per share, as compared to $1.31 per share for the prior year period.