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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Getty Realty's annualized net income for the quarter that ended in Sep. 2024 was $61.3 Mil. Getty Realty's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $957.2 Mil. Therefore, Getty Realty's annualized ROE % for the quarter that ended in Sep. 2024 was 6.41%.
The historical rank and industry rank for Getty Realty's ROE % or its related term are showing as below:
During the past 13 years, Getty Realty's highest ROE % was 11.97%. The lowest was 5.70%. And the median was 9.06%.
The historical data trend for Getty Realty's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Getty Realty Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROE % | Get a 7-Day Free Trial | 8.50 | 11.11 | 8.95 | 11.97 | 7.01 |
Getty Realty Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
ROE % | Get a 7-Day Free Trial | 7.18 | 7.02 | 7.02 | 7.03 | 6.41 |
For the REIT - Retail subindustry, Getty Realty's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the REITs industry and Real Estate sector, Getty Realty's ROE % distribution charts can be found below:
* The bar in red indicates where Getty Realty's ROE % falls into.
Getty Realty's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as
ROE % | = | Net Income (A: Dec. 2023 ) | / | ( (Total Stockholders Equity (A: Dec. 2022 ) | + | Total Stockholders Equity (A: Dec. 2023 )) | / count ) |
= | 60.151 | / | ( (759.85 | + | 955.552) | / 2 ) | |
= | 60.151 | / | 857.701 | ||||
= | 7.01 % |
Getty Realty's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as
ROE % | = | Net Income (Q: Sep. 2024 ) | / | ( (Total Stockholders Equity (Q: Jun. 2024 ) | + | Total Stockholders Equity (Q: Sep. 2024 )) | / count ) |
= | 61.34 | / | ( (951.034 | + | 963.391) | / 2 ) | |
= | 61.34 | / | 957.2125 | ||||
= | 6.41 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.
Getty Realty (NYSE:GTY) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
ROE % | (Q: Sep. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 61.34 | / | 957.2125 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (61.34 / 205.868) | * | (205.868 / 1896.8695) | * | (1896.8695 / 957.2125) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 29.8 % | * | 0.1085 | * | 1.9817 |
= | ROA % | * | Equity Multiplier | ||
= | 3.23 % | * | 1.9817 | ||
= | 6.41 % |
With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.
The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:
ROE % | (Q: Sep. 2024 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 61.34 | / | 957.2125 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (61.34 / 61.34) | * | (61.34 / 109.308) | * | (109.308 / 205.868) | * | (205.868 / 1896.8695) | * | (1896.8695 / 957.2125) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1 | * | 0.5612 | * | 53.1 % | * | 0.1085 | * | 1.9817 |
= | 6.41 % |
Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thank you for viewing the detailed overview of Getty Realty's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Evelyn Leon Infurna | director | 292 MADISON AVE., 9TH FLOOR, NEW YORK NY 10017-6318 |
Brian Robert Dickman | officer: EVP, CFO and Treasurer | 411 S. OLD WOODWARD, APT. 918, BIRMINGHAM MI 48009 |
Leo Liebowitz | director, 10 percent owner, officer: Pres. & CEO | 2 JERICHO PLAZA, JERICHO NY 11753 |
Coviello Philip E Jr | director | GETTY REALTY CORP, 2 JERICHO PLAZA, STE 110, JERICHO NY 11753 |
Mary Louise Malanoski | director | 44 BARROW STREET, NEW YORK NY 10014 |
Richard E Montag | director | C/O GETTY REALTY CORP., 2 JERICHO PLAZA, STE 110, JERICHO NY 11753 |
Mark James Olear | officer: Exec VP & Chief Operating Ofc | C/O GETTY REALTY CORP., 2 JERICHO PLAZA, SUITE 110, JERICHO NY 11753 |
Danion Fielding | officer: VP, CFO & Treasurer | TWO JERICHO PLAZA, WING C, SUITE 110, JERICHO NY 11753 |
Eugene Shnayderman | officer: See Remarks | TWO JERICHO PLAZA, WING C, SUITE 110, JERICHO NY 11753 |
Christopher J Constant | director, officer: President & CEO | 2 JERICHO PLAZA, STE 110, JERICHO NY 11753 |
Joshua Dicker | officer: Ex VP, Gen Counsel & Secretary | C/O GETTY REALTY CORP., 2 JERICHO PLAZA, SUITE 110, JERICHO NY 11753 |
Milton Cooper | director | C/O KIMCO REALTY CORP, 3333 NEW HYDE PARK RD STE 100, HYDE PARK NY 11042 |
James Russell Craig | officer: Vice President | 125 JERICHO TPKE, SUITE 103, JERICHO NY 11753 |
David B Driscoll | director | C/O MORGAN JOSEPH & CO., INC., 600 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10020-2302 |
Warren Wintrub | director |
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