Getty Realty Corp
F:GRL
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Getty Realty Corp
F:GRL
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ANY Biztonsagi Nyomda Nyrt
XBER:X07
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Rexel SA
XMUN:E7V
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XOMA Corp
LSE:0M26
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Voya Financial Inc
F:V0Y
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Getty Realty Corp
Getty Realty Corp is a real estate investment trust that owns and leases properties used by convenience stores, gas stations, car washes, and auto service businesses. It does not run those stores itself. Instead, it buys and develops sites and then rents them to operators that sell fuel, food, drinks, and basic auto services to everyday drivers and shoppers. The company makes money mainly from rent under long-term leases. Its customers are the convenience store and fuel retail operators that need well-located, highway and neighborhood sites to serve steady traffic. Because these properties are tied to essential, repeat-use businesses, Getty’s role is to provide the real estate behind a lot of everyday roadside retail. What makes Getty different is its focus on a narrow corner of commercial property: service-station and convenience-store real estate. That specialty means it understands the zoning, fuel, environmental, and tenant needs that come with these sites, and it can structure deals around that niche better than a general landlord.
Getty Realty Corp is a real estate investment trust that owns and leases properties used by convenience stores, gas stations, car washes, and auto service businesses. It does not run those stores itself. Instead, it buys and develops sites and then rents them to operators that sell fuel, food, drinks, and basic auto services to everyday drivers and shoppers.
The company makes money mainly from rent under long-term leases. Its customers are the convenience store and fuel retail operators that need well-located, highway and neighborhood sites to serve steady traffic. Because these properties are tied to essential, repeat-use businesses, Getty’s role is to provide the real estate behind a lot of everyday roadside retail.
What makes Getty different is its focus on a narrow corner of commercial property: service-station and convenience-store real estate. That specialty means it understands the zoning, fuel, environmental, and tenant needs that come with these sites, and it can structure deals around that niche better than a general landlord.
Strong start: Getty said it had a strong first quarter, with annualized base rent up 13.1% year over year and AFFO per share up 6.8%.
Guidance raised: Full-year 2026 AFFO per share guidance was increased to $2.50 to $2.52 from $2.48 to $2.50.
Portfolio health: The in-place portfolio remained essentially fully occupied, collected 100% of rent, and continued to show stable rent coverage.
Pipeline building: Management said the investment pipeline strengthened materially, with about $125 million under contract and more deals in signed letters of intent.
Capital strength: The company said it has more than $625 million of total liquidity, including more than $170 million of unsettled forward equity and an undrawn $450 million revolver.
Tenant resilience: Management said tenants continue to perform well despite geopolitical and macro noise, and it does not see near-term credit concerns.
