Summary
Getty Realty: Still Buying This Resilient High-Yield REIT With Growing AFFO
Getty Realty remains a Strong Buy, offering a 7%+ dividend yield and robust fundamentals despite macro uncertainty. GTY reported strong Q3 results, upgraded its 2025 AFFO guidance, and a healthy investment pipeline supported by ample liquidity plus a 99.8% occupancy rate. The REIT benefits from long-term fixed-rate debt, no maturity until mid-2028, favorable lease structures, and potential upside from advancing rate cuts and improved economic conditions.
Getty Realty: Dealmaking Accelerates In A Solid Q3
Getty Realty remains a buy for income-oriented investors, offering a ~7% yield and strong credit metrics, despite recent stock underperformance. GTY reported solid Q3 results, with AFFO per share up 3% and rent collection at 99.9%, alleviating tenant credit quality concerns. Dealmaking has accelerated, with diversified acquisitions at attractive yields and ample funding secured through forward equity sales.
Getty Realty (GTY) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Getty Realty (GTY) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Getty Realty Corp. (GTY) FAQ
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Getty Realty Corp. Profile
| Retail REITs Industry | Real Estate Sector | Christopher J. Constant CEO | NYSE Exchange | 374297109 CUSIP |
| US Country | 29 Employees | 26 Dec 2025 Last Dividend | 1 Apr 1997 Last Split | 3 May 1973 IPO Date |
Overview
Getty Realty Corp. stands as a distinguished entity in the landscape of real estate investment trusts (REITs). This publicly traded company carves its niche through the specialization in the net lease sector, focusing primarily on the acquisition, financing, and development of single-tenant retail real estate. Getty Realty's portfolio uniquely caters to convenience, automotive, and various other single-tenant retail sectors, demonstrating a strategic diversification that responds to specific market demands. As a testament to its expansive operations and strategic market positioning, by the end of December 31, 2023, Getty Realty's real estate portfolio boasted an impressive tally of 1,093 freestanding properties. These properties are strategically dispersed across 40 states throughout the United States, including the capital, Washington, D.C., underlining the company’s extensive reach and influence across the nation.
Products and Services
- Net Lease REIT Specialization
At the heart of Getty Realty’s business model is its specialization in net lease real estate investment trusts. This approach focuses on acquiring, financing, and developing properties that are then leased to tenants under long-term agreements. Tenants are typically responsible for most, if not all, of the property expenses, including maintenance, taxes, and insurance, which provides stable, predictable revenue streams to Getty Realty.
- Acquisition and Financing
Getty Realty Corp. is adept at identifying promising retail real estate opportunities across convenience, automotive, and other single-tenant sectors. Leveraging rigorous analysis and a strategic perspective, the company acquires assets that are poised for sustainable profitability. Further, Getty Realty provides tailored financing solutions to support the development and enhancement of these properties, ensuring they align with both the tenants' needs and the company’s growth objectives.
- Development
The development arm of Getty Realty Corp. focuses on bringing new retail spaces to market, as well as enhancing the value of existing properties. By capitalizing on strategic locations and evolving consumer demands, the company develops properties that accommodate the needs of high-quality tenants and, in turn, drive long-term, value-added growth for its stakeholders.
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