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News Breaks | | | | November 19, 2012 | | 09:32 EDT |  | GTY, GLP, LGP | Getty Realty signs long-term triple-net leases with Global Partners, Lehigh Gas
Getty Realty (GTY) announced the signing of two long-term triple-net leases for 109 properties representing $9.1M in annual triple–net GAAP revenue. The first lease is with a subsidiary of Global Partners LP (GLP) and comprises 84 properties located throughout the New York metropolitan area including New York City and Long Island. The annual triple-net GAAP revenue from this lease is anticipated to be approximately $7.7M. The second lease is with a subsidiary of Lehigh Gas Partners LP (LGP) and comprises 25 properties located mainly in northern New Jersey. The annual triple-net GAAP revenue from this lease is anticipated to be approximately $1.4M. Both leases have 15 year initial terms with options for multiple renewal terms. | |
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News For GTY;GLP;LGP From The Last 14 Days Check below for free stories on GTY;GLP;LGP the last two weeks. |
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| May 13, 2013 | | 16:24 EDT | | LGP | Lehigh Gas raises quarterly cash distribution to 45.25c from 43.75c per unit
 Subscribe for More Information | | | 16:21 EDT |  | LGP | Lehigh Gas reports Q1 EPS 25c, consensus 36c
Reports Q1 revenue $471.4M, consensus $499.27M. | | | 08:10 EDT | | GTY | Getty Realty acquires 36 properties for $72.5M
Getty Realty announced that it has acquired 36 properties located in the metro New York and Washington, D.C. Beltway regions for approximately $72.5M in two sale/leaseback transactions with Capitol Petroleum Group. The 36 properties were acquired by Getty from, and simultaneously leased back to, subsidiaries of Capitol in two sale/leaseback transactions under long-term triple-net unitary leases having initial terms of 15 years plus three renewal options. The company expects to receive approximately $6.1M of annualized revenue from the investment. In addition, the acquisition utilized a significant amount of accumulated proceeds from the company’s prior property dispositions through 1031 exchanges enabling the company to defer taxable gains on many of its 2013 property dispositions, Getty Realty said. | | | May 9, 2013 | | 08:16 EDT | | GLP | Global Partners still sees FY13 EBITDA $175M-$190M
Subscribe for More Information | | | 08:14 EDT | | GLP | Global Partners reports Q1 EPS 51c, consensus 46c
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