Getty Realty Raises 2026 AFFO Guidance on Strong Growth

Getty Realty ( (GTY) ) has provided an announcement.

Getty Realty Corp., a REIT specializing in freestanding convenience and automotive retail real estate such as convenience stores, car washes, auto service centers and drive-thru QSRs, reported that as of March 31, 2026 it controlled 1,191 properties across 45 states with $225 million in annualized base rent, 99.7% occupancy and tenant rent coverage of 2.5 times. The company’s tenant roster skews toward multi-store national and regional brands under predominantly unitary triple-net leases, and it has diversified meaningfully by property type and geography since 2019 while maintaining an investment-grade balance sheet and more than $625 million of total liquidity.

In a corporate presentation furnished for investors beginning April 22, 2026, Getty detailed that it invested $34.4 million year-to-date at an 8.0% initial cash yield, acquiring 17 auto service centers and six drive-thru QSRs, and has more than $125 million of additional investments under contract expected to close over the next 12 months. For the first quarter of 2026, AFFO rose 15.3% to $39.0 million and AFFO per share increased 6.8% to $0.63, prompting management to raise full-year 2026 AFFO guidance to a range of $2.50 to $2.52 per share, signaling confidence in accelerated growth supported by strong rent collections, long lease terms and no debt maturities until June 2028.

The most recent analyst rating on (GTY) stock is a Buy with a $37.00 price target. To see the full list of analyst forecasts on Getty Realty stock, see the GTY Stock Forecast page.

Spark’s Take on GTY Stock

According to Spark, TipRanks’ AI Analyst, GTY is a Outperform.

The score is driven mainly by solid financial performance (profitability and cash flow strength tempered by higher leverage) and a positive earnings outlook with strong portfolio metrics. Technicals support the uptrend but are overbought, and valuation is mixed (high yield but a higher P/E), keeping the overall score in the mid-70s.

To see Spark’s full report on GTY stock, click here.

More about Getty Realty

Getty Realty Corp. is a real estate investment trust focused on freestanding convenience and automotive retail properties across the U.S., including convenience stores, express tunnel car washes, auto service centers and drive-thru quick-service restaurants. As of March 31, 2026, the company owned 1,191 properties in 45 states, generated $225 million in annualized base rent, maintained 99.7% occupancy, and serves primarily multi-store operators, national and regional brands with unitary triple-net leases and strong rent coverage.

The portfolio is diversified by property type, geography and tenant base, with more than 90% of transactions sourced directly with tenants and 85% of rent from unitary leases. Getty emphasizes durable, convenience- and service-oriented retail business models, uses detailed site-level and tenant credit underwriting, and operates with investment-grade metrics, including a BBB- rating, moderate leverage and significant liquidity to support continued external growth and redevelopment activity.

Average Trading Volume: 540,501

Technical Sentiment Signal: Buy

Current Market Cap: $2.04B

Find detailed analytics on GTY stock on TipRanks’ Stock Analysis page.