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Getty Realty
(NYSE:GTY)
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Rating:61Neutral
Price Target:
$29.00
▼(-12.78% Downside)
Action:Reiterated
Date:10/22/26
The score is held back primarily by weak technical conditions (broadly below key moving averages with negative MACD) and a near-term cash-flow red flag (TTM free cash flow turning negative). These are partially offset by solid underlying profitability, an attractive income profile (high dividend yield), and a constructive earnings update with tightened/raised AFFO guidance and strong portfolio metrics.
Positive Factors
High Occupancy and Long Leases
Near-full occupancy and a long weighted average lease term support predictable rental revenue and reduce near-term rollover risk. These portfolio characteristics give Getty durable cash-flow visibility, while stable 2.5x rent coverage indicates tenants currently have capacity to meet contractual obligations.
Negative Factors
Meaningful Leverage
Leverage remains substantial even though it is within management's target range, limiting financial flexibility relative to a less indebted balance sheet. Higher debt exposure can make future acquisitions more dependent on capital access and leave Getty more sensitive to borrowing costs or weaker asset values.
Read all positive and negative factors
Positive Factors
Negative Factors
High Occupancy and Long Leases
Near-full occupancy and a long weighted average lease term support predictable rental revenue and reduce near-term rollover risk. These portfolio characteristics give Getty durable cash-flow visibility, while stable 2.5x rent coverage indicates tenants currently have capacity to meet contractual obligations.
Read all positive factors
Getty Realty (GTY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.70B
Dividend Yield7.06%
Average Volume (3M)717.38K
Price to Earnings (P/E)16.5
Beta (1Y)0.04
Revenue Growth9.28%
EPS Growth41.75%
CountryUS
Employees31
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)1.67
Shares Outstanding61,932,697
10 Day Avg. Volume562,881
30 Day Avg. Volume717,382
Financial Highlights & Ratios
PEG Ratio2.84
Price to Book (P/B)1.44
Price to Sales (P/S)6.95
P/FCF Ratio12.14
Enterprise Value/Market Cap1.74
Enterprise Value/Revenue12.32
Enterprise Value/Gross Profit85.41
Enterprise Value/Ebitda13.75
Forecast
1Y Price Target
$34.80Price Target Upside4.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.51
Revenue Forecast (FY)$237.07M
Getty Realty Business Overview & Revenue Model
Company Description
Getty Realty Corp. stands as a premier publicly traded real estate investment trust (REIT) in the United States, with its core business centered on the acquisition, rental, and funding of properties housing convenience stores and gas stations. By ...
How the Company Makes Money
Getty Realty primarily makes money by collecting contractual rent from tenants that operate on its properties. Its portfolio is largely structured as net leases (often triple-net), where tenants are generally responsible for property-level operati...
Getty Realty Earnings Call Summary
Earnings Call Date:Oct 21, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 24, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Getty reported record investment activity, AFFO and base-rent growth, a dividend increase, high occupancy, stable rent coverage, improved operating efficiency, ample liquidity, and guidance that was raised and tightened. Management acknowledged higher rates, changing transaction economics, a smaller pipeline, potential deal fallout, and some diversification and in-store-visit challenges, but emphasized disciplined underwriting, repricing opportunities, and continued access to capital.Positive Updates
Record Investment Activity and Refuel Acquisition
Getty described 2026 as the most productive year of the CEO's tenure, with more than $500 million of year-to-date investments. This included the recently closed $261 million off-market sale-leaseback with Refuel, involving 41 modern convenience-store properties across growth markets in five states.
Negative Updates
Higher Interest Rates and Capital Costs Pressuring the Market
Management said the rapid increase in interest rates and broader capital costs was affecting the commercial-property transaction market in Getty's target sectors. The changes over the prior 60 to 90 days were described as unusually rapid, with transaction yields adjusting as counterparties reconsidered pricing.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Investment Activity and Refuel Acquisition
Getty described 2026 as the most productive year of the CEO's tenure, with more than $500 million of year-to-date investments. This included the recently closed $261 million off-market sale-leaseback with Refuel, involving 41 modern convenience-store properties across growth markets in five states.
Read all positive updates
Company Guidance
Getty Realty tightened its full year 2026 AFFO per share guidance to a range of $2.53-$2.54 from $2.52-$2.54, with guidance reflecting the current run rate from its in-place portfolio with certain expense and credit loss variability and not including any prospective investments or capital activities; it continues to expect G&A growth to be less than 2% and its G&A ratio to be below 9% for the full year 2026, while the $75 million of investments under contract has initial cash yields in the 8% area, and annual run rate free cash flow is expected to be $40 million to $50 million at this point.Getty Realty Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 240.43M | 221.73M | 203.39M | 185.85M | 165.59M | 155.41M |
| Gross Profit | 34.70M | 89.11M | 188.53M | 162.06M | 144.03M | 133.36M |
| EBITDA | 215.58M | 187.50M | 170.76M | 143.02M | 144.68M | 111.57M |
| Net Income | 101.86M | 79.19M | 71.06M | 60.15M | 90.04M | 62.86M |
Balance Sheet | ||||||
| Total Assets | 2.57B | 2.17B | 1.97B | 1.82B | 1.56B | 1.47B |
| Cash, Cash Equivalents and Short-Term Investments | 8.83M | 12.78M | 9.48M | 3.31M | 8.71M | 24.74M |
| Total Debt | 1.20B | 1.06B | 918.90M | 772.74M | 714.97M | 608.84M |
| Total Liabilities | 1.29B | 1.10B | 1.01B | 866.75M | 802.45M | 721.84M |
| Stockholders Equity | 1.28B | 1.07B | 962.08M | 955.55M | 759.85M | 745.11M |
Cash Flow | ||||||
| Free Cash Flow | -42.65M | 127.02M | 129.63M | 104.99M | 93.09M | 86.55M |
| Operating Cash Flow | 108.29M | 127.45M | 130.50M | 105.30M | 93.09M | 86.82M |
| Investing Cash Flow | -270.40M | -241.89M | -200.47M | -310.70M | -139.06M | -169.73M |
| Financing Cash Flow | 161.77M | 113.61M | 78.30M | 199.44M | 30.76M | 52.32M |
Getty Realty Technical Analysis
Neutral
33.25
Price Trends
30.12
Negative
31.65
Negative
31.29
Negative
Market Momentum
-0.56
Negative
47.06
Neutral
46.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTY, the sentiment is Neutral. The current price of 33.25 is above the 20-day moving average (MA) of 28.06, above the 50-day MA of 30.12, and above the 200-day MA of 31.29, indicating a neutral trend. The MACD of -0.56 indicates Negative momentum. The RSI at 47.06 is Neutral, neither overbought nor oversold. The STOCH value of 46.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GTY.
Getty Realty Risk Analysis
Getty Realty disclosed 37 risk factors in its most recent earnings report. Getty Realty reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Getty Realty Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $8.39B | 33.24 | 3.72% | 4.92% | 17.61% | 13.11% | |
73 Outperform | $7.98B | 19.96 | 8.70% | 5.94% | 6.54% | -3.45% | |
72 Outperform | $2.33B | 19.09 | 7.36% | 6.92% | 9.65% | 2.28% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $52.37B | 40.40 | 3.36% | 5.69% | 10.76% | 33.50% | |
61 Neutral | $1.70B | 16.55 | 8.93% | 7.06% | 9.28% | 41.75% | |
52 Neutral | $317.46M | 79.30 | 3.11% | 7.04% | 24.02% | ― |
* Real Estate Sector Average
GTY
Getty Realty
28.45
1.97
7.43%
ADC
Agree Realty
67.07
-4.93
-6.84%
NNN
NNN REIT
42.13
2.17
5.42%
O
Realty Income
57.06
-0.02
-0.03%
FCPT
Four Corners Property
22.05
-1.11
-4.81%
PINE
Alpine Income Property Trust Inc
17.42
4.35
33.25%
Getty Realty Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Getty Realty Highlights Record Investments and Strengthened Balance Sheet
Positive
Oct 21, 2026
In October 2026, Getty Realty Corp. furnished an updated corporate presentation for use in discussions with investors and analysts, outlining record investment activity and portfolio growth year to date. The company reported that it had invested $...
Business Operations and StrategyPrivate Placements and Financing
Getty Realty Enhances Credit Terms, Boosts Financial Flexibility
Positive
Oct 19, 2026
On October 16, 2026, Getty Realty Corp. amended its credit agreement to put in place a new $200 million senior unsecured term loan, adjust SOFR-based pricing on its revolving credit facility and revise the definition of investment grade credit rat...
Business Operations and StrategyPrivate Placements and Financing
Getty Realty Expands Portfolio With Major Refuel Sale-Leaseback
Positive
Sep 28, 2026
On September 22, 2026, Getty Realty Corp., through its Getty Leasing subsidiary, completed a $260.9 million sale-leaseback transaction with Refuel Operating Company for a portfolio of 41 modern convenience stores in Mississippi, North Carolina, So...
Executive/Board ChangesRegulatory Filings and Compliance
Getty Realty Announces New Chief Accounting Officer Appointment
Neutral
Aug 3, 2026
Getty Realty Corp., a Maryland-based real estate investment trust, operates in the net-lease property sector and depends on strong accounting and financial reporting leadership to meet its SEC disclosure obligations. The company’s governance...
Business Operations and StrategyFinancial Disclosures
Getty Realty boosts 2026 AFFO outlook and growth
Positive
Jul 22, 2026
Getty Realty reported strong operating and investment momentum heading into the second half of 2026, highlighting robust portfolio performance and disciplined capital deployment through June 30, 2026. The company extended six unitary leases repres...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.