Getty Realty (GTY) AI Stock Analysis

• Market Cap: $1.63B
• Dividend Yield: 6.4%
• Average Volume (3M): 298.21K
• Price to Earnings (P/E): 24.0
• Beta (1Y): 0.27
• Revenue Growth: 7.80%
• EPS Growth: 4.15%
• Country: US
• Employees: 29
• Sector: Real Estate
• Sector Strength: 67
• Industry: REIT - Retail
• EPS (TTM): 0.25
• Shares Outstanding: 55,441,948
• 10 Day Avg. Volume: 282,649
• 30 Day Avg. Volume: 298,213
• PEG Ratio: <0.01
• Price to Book (P/B): 2.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.99
• Enterprise Value/Market Cap: 1.41
• Enterprise Value/Revenue: 2.84
• Enterprise Value/Gross Profit: 12.69
• Enterprise Value/Ebitda: 3.57
• 1Y Price Target: $31.80
• Price Target Upside: 8.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 76 Outperform
• Price Target: $33.00 ▲(12.40%Upside)

Getty Realty's strong financial performance and positive earnings call sentiment are significant positives, supported by a stable portfolio and strategic investments. The technical indicators and valuation provide a more neutral outlook, but the dividend yield remains attractive. Management's effective handling of market challenges and Zips Car Wash bankruptcy further underscores confidence in the company's future prospects.

Positive Factors

Dividend Performance

Getty Realty Corp. has shown strong earnings and dividend growth, with the dividend increasing for 11 consecutive years and currently offering a 6.1% yield, which is above the net-lease REIT average.

Financial Stability

Getty Realty has a strong balance sheet with low leverage, and expected capital deployment for 2025 has already been pre-funded, indicating financial stability and forward planning.

Negative Factors

Car Wash Segment Challenges

Trends in its Car Wash segment have been more choppy due in part to increased competition and the Zips Car Wash bankruptcy.

Tenant Bankruptcy

Zips Car Wash, a tenant contributing 1.8% of rents, filed for bankruptcy, and seven of Getty's properties had their leases rejected, potentially impacting rental income.

Getty Realty Business Overview & Revenue Model

Company Description

Getty Realty Corp. (GTY) is a real estate investment trust (REIT) that specializes in the acquisition, development, and leasing of convenience store and gasoline station properties across the United States. The company operates within the commercial real estate sector, focusing on properties that are strategically located to serve vehicle traffic and local communities. Getty Realty's portfolio is characterized by long-term, triple-net leases with tenants, which typically include large, well-established fuel and convenience store operators.

How the Company Makes Money

Getty Realty makes money primarily through rental income generated from its portfolio of properties leased to tenants under long-term, triple-net lease agreements. These leases stipulate that tenants are responsible for paying property taxes, insurance, and maintenance costs, thereby providing Getty Realty with stable and predictable cash flows. The company's key revenue streams include lease payments from major oil companies and convenience store chains, which occupy its strategically located properties. Additionally, Getty Realty may engage in property acquisitions and dispositions to optimize its portfolio and enhance value for its shareholders. Strategic partnerships with established fuel distributors and retail operators also contribute to its earnings by ensuring high occupancy rates and consistent demand for its properties.

Getty Realty Financial Statement Overview

Summary

Getty Realty exhibits strong financial health with robust profitability, efficient operations, and a stable balance sheet. The company shows consistent revenue growth and strong cash flow generation. While leverage is moderate, careful monitoring of debt levels is advised. Overall, the financial performance is commendable, reflecting a well-managed REIT in the retail sector.

Income Statement

Getty Realty demonstrates strong profitability with a TTM gross profit margin of 87.18% and a net profit margin of 33.43%. Revenue growth is solid, showing a 11.24% increase over the previous year, indicating healthy business expansion. While the EBIT margin remains robust at 53.60%, the EBITDA margin is impressive at 82.44%, reinforcing operational efficiency. However, the decrease in gross profit compared to the previous annual report suggests potential pressure on cost management.

Balance Sheet

The company's balance sheet reflects a stable position, with a debt-to-equity ratio of 0.96, indicating moderate leverage. Return on equity is healthy at 7.19%, reflecting effective utilization of shareholder capital. The equity ratio stands at 48.81%, signifying a balanced capital structure. However, the increase in total debt could pose potential risks if earnings do not keep pace with debt servicing requirements.

Cash Flow

Getty Realty's cash flow profile is robust, with a high operating cash flow to net income ratio of 1.87, indicating strong cash generation relative to net income. The free cash flow to net income ratio is commendable at 1.86, underscoring efficient capital management. Although the free cash flow growth rate is slightly negative at -0.88%, cash flow from operations remains strong, providing financial flexibility.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
206.75M	203.39M	185.85M	165.59M	155.41M	147.35M
	Gross Profit
180.24M	188.53M	162.06M	144.03M	133.36M	123.83M
	EBIT
110.83M	109.77M	91.15M	117.29M	273.27M	75.58M
	EBITDA
170.44M	170.76M	143.02M	163.01M	127.83M	129.56M
	Net Income Common Stockholders
69.13M	71.06M	60.15M	90.04M	1.59M	22.17M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.29M	9.48M	3.31M	8.71M	24.74M	55.08M
	Total Assets
1.97B	1.97B	1.82B	1.56B	1.47B	1.35B
	Total Debt
919.11M	918.90M	772.74M	714.97M	608.84M	577.41M
	Net Debt
912.82M	909.42M	769.44M	706.26M	584.10M	522.34M
	Total Liabilities
1.01B	1.01B	866.75M	802.45M	721.84M	689.91M
	Stockholders Equity
961.12M	962.08M	955.55M	759.85M	745.11M	659.60M
Cash Flow		Free Cash Flow
128.48M	129.63M	104.99M	93.09M	86.55M	82.55M
	Operating Cash Flow
129.23M	130.50M	105.30M	93.09M	86.82M	82.83M
	Investing Cash Flow
-173.83M	-200.47M	-310.70M	-139.06M	-169.73M	-127.42M
	Financing Cash Flow
42.06M	78.30M	199.44M	30.76M	52.32M	77.98M

Getty Realty Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 29.36
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTY, the sentiment is Negative. The current price of 29.36 is above the 20-day moving average (MA) of 29.02, above the 50-day MA of 28.62, and below the 200-day MA of 30.04, indicating a neutral trend. The MACD of 0.16 indicates Negative momentum. The RSI at 50.32 is Neutral, neither overbought nor oversold. The STOCH value of 58.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GTY.

Getty Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTY	76 Outperform	$1.63B	23.98	7.23%	6.40%	7.80%	4.15%
CURB	75 Outperform	$2.39B	186.15		2.81%	―	―
WSR	70 Outperform	$1.26B	20.50	7.33%	4.35%	4.39%	24.45%
NTST	69 Neutral	$1.35B	―	-0.88%	5.13%	21.91%	-257.05%
BFS	68 Neutral	$845.61M	23.21	13.86%	6.90%	5.00%	-14.72%
AKR	65 Neutral	$2.62B	116.49	0.92%	4.15%	2.62%	84.20%
Sector *	61 Neutral	$2.85B	10.72	0.40%	6.07%	5.80%	-21.26%

Getty Realty Corporate Events

Getty Realty Announces April 2025 Corporate Presentation

In April 2025, Getty Realty Corp. announced a corporate presentation detailing its investment activities and financial performance. The company reported a stable portfolio with 99.7% occupancy and strong tenant rent coverage. Getty Realty invested $17.3 million in new acquisitions, including drive-thru QSRs and auto service centers, with over $110 million in investments under contract. The company maintains a robust balance sheet with significant liquidity and no debt maturities until June 2028, positioning it well amid macroeconomic uncertainties.