Brian Dickman on geographic diversification
From Getty Realty Corp. (NYSE: GTY) | Christopher Constant, Brian Dickman, Mark Olear · · Benzinga Events
“Our portfolio spans roughly 35 states with 65 percent of our rent coming from the top 50 MSAs in the US. We have grown our presence across several high growth markets in the southern half of the US, which was a key initiative when I became involved a little more than five years ago. The growth has focused largely on five major markets: Columbia, South Carolina; Denver; Kansas City; Phoenix; and San Antonio.”
On , Brian Dickman, Executive Vice President, Chief Financial Officer & Treasurer at GETTY REALTY CORP, spoke about geographic diversification during Getty Realty Corp. (NYSE: GTY) | Christopher Constant, Brian Dickman, Mark Olear on Benzinga Events.
About Brian Dickman
Brian Dickman, Executive Vice President, Chief Financial Officer and Treasurer at Getty Realty, participated in a September 2021 presentation where he discussed the company's financial position. He stated that Getty Realty has an investment grade credit rating from Fitch, received in 2018, and described the company's liquidity, access to capital, and leverage and coverage ratios as strong. Dickman said the company's long-term fixed rate unsecured debt aligns well with its asset base and income streams, and that the balance sheet is positioned to support growth strategies. During the same presentation, Dickman addressed the potential impact of electric vehicles on the company's tenants. He said that convenience stores are increasingly offering made-to-order or more sophisticated food operations, which he stated would drive additional profitability and offset any potential long-term decline in fuel income due to electric vehicles. Dickman also noted that when Getty Realty acquires new assets, many have a branded quick service restaurant inside or adjacent to the store, or tenants may create private label fast food businesses, which he described as helpful for the company's business and its tenants.