Getty Realty Corp. (GRL)
XFRA 
Summary
GRL Chart
Getty Realty: A High-Yield REIT Still Flying Under The Radar
Getty Realty (GTY) maintains a Strong Buy rating, driven by resilient performance, strong dividend coverage, and robust occupancy despite macro headwinds. GTY reported Q4 and 2025 results that beat FFO and revenue estimates, with AFFO per share up 3.8% and 99.7% occupancy. GTY invested $268.8 million at a 7.9% initial cash yield in 2025, with no major debt maturities until 2028 and a well-covered dividend (~78% payout ratio).
Getty Realty Corp. (GTY) Q4 2025 Earnings Call Transcript
Getty Realty Corp. (GTY) Q4 2025 Earnings Call Transcript
Getty Realty: Solid Q4 With Moderate Growth Ahead
Getty Realty remains a 'Buy,' supported by resilient operating results, conservative guidance, and a secure 6.2% dividend yield. GTY's Q4 FFO per share grew 5% to $0.63, with strong rent coverage and minimal lease renewal risk underpinning predictable income. The company maintains a healthy balance sheet, 5.1x leverage, and no debt maturities before 2028, enabling continued accretive acquisitions.
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Getty Realty Corp. Profile
| Retail REITs Industry | Real Estate Sector | Christopher J. Constant CEO | XFRA Exchange | US3742971092 ISIN |
| US Country | 29 Employees | 26 Mar 2026 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.
