Getty Realty (NYSE:GTY) Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.
Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY. Headquartered in Jericho, New York, the REIT continues to build upon a legacy that dates back to its origins as part of the broader Getty family of companies. Since its initial public offering, Getty Realty has pursued a disciplined growth strategy, acquiring strategically located assets across multiple U.S. markets.
The company’s properties are situated in key geographic regions, including the Northeast, Mid-Atlantic, Midwest, Southeast, Rocky Mountain and West Coast areas. Getty Realty’s tenants operate service stations under both proprietary and third-party fuel brands, reflecting a diversified tenant base that helps mitigate concentration risk. The majority of lease agreements include rent escalations linked to inflationary indices, further supporting predictable cash flows.
Led by a seasoned management team with extensive experience in commercial real estate, Getty Realty focuses on high-quality, free-standing retail fuel sites that offer attractive demographic characteristics and visibility. The REIT employs a conservative capital structure and leverages its market expertise to identify accretive acquisition opportunities, aiming to enhance long-term value for its shareholders.
