Getty Realty Corp. (GTY)

In the past six months, Getty Realty Corp. announced its third-quarter 2025 results and increased its quarterly cash dividend to $0.485 per share, marking the 12th consecutive year of dividend growth. The company also announced the acquisition of a $100 million Houston convenience store portfolio. The stock rallied approximately 4% after reporting solid Q3 results, despite underperforming over the past year due to concerns about tenant credit quality and its capital market-reliant business model. Macroeconomic factors are expected to positively influence demand for REITs like GTY and benefit its tenants.

Demand for Getty Realty Corp.'s products and services tends to remain relatively stable due to the essential nature of these services, which experience consistent demand even during economic downturns, thus providing a durable revenue base for the company. This suggests that Getty Realty Corp. experiences minimal significant negative demand seasonality.

Getty Realty Corp. is a publicly traded net lease REIT specializing in the acquisition, financing, and development of convenience, automotive, and other single-tenant retail real estate. The company's portfolio primarily consists of convenience stores, express tunnel car washes, and automotive service centers, leased to distributors and retailers operating under various national and regional brands.

Getty Realty Corp. has a significant geographic footprint across the United States, with approximately 1,118 to 1,119 freestanding properties located in 42 states and Washington, D.C.

Getty Realty Corp. has maintained a strong brand reputation over the past year, characterized by robust operational performance and a disciplined approach to capital management. The company is viewed as a reliable anchor for income-focused portfolios, largely due to the durable nature of its essential properties and its consistent dividend growth. Key events reinforcing this positive reputation include the 12th consecutive year of increased quarterly cash dividends and strong rent collection, with 99.9% of rent collected year-to-date despite a tenant bankruptcy earlier in the year. The company's high occupancy rate of 99.8% and long weighted average lease term of 9.9 years further contribute to its stable image.

Major institutional owners of Getty Realty Corp. as of June 30, 2025, include The Vanguard Group, Inc. (14.92%), BlackRock Fund Advisors (14.26%), SSgA Funds Management, Inc. (7.01%), Kayne Anderson Rudnick Investment Management LLC (6.81%), and Geode Capital Management LLC (2.58%).