Getty Realty Corp. (GTY)
NYSE:GTY
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Getty Realty
(NYSE:GTY)
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Rating:74Outperform
Price Target:
$35.00
▲(3.86% Upside)
Action:ReiteratedDate:02/19/26
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.
Positive Factors
High occupancy & long lease terms
Near-perfect occupancy and long WALE under triple-net leases provide durable, predictable cash flows and low vacancy risk. This structural rent visibility supports AFFO stability and reduces downside from tenant turnover, making income generation resilient across economic cycles.
Negative Factors
Leverage near upper target range
Higher leverage reduces balance-sheet flexibility and raises refinancing sensitivity to rate moves or tighter credit conditions. With net debt/EBITDA near the upper target, future acquisitions or shocks could necessitate more costly funding or equity issuance, limiting downside protection.
Read all positive and negative factors
Positive Factors
Negative Factors
High occupancy & long lease terms
Near-perfect occupancy and long WALE under triple-net leases provide durable, predictable cash flows and low vacancy risk. This structural rent visibility supports AFFO stability and reduces downside from tenant turnover, making income generation resilient across economic cycles.
Read all positive factors
Getty Realty (GTY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.01B
Dividend Yield6.77%
Average Volume (3M)478.69K
Price to Earnings (P/E)19.5
Beta (1Y)0.10
Revenue Growth8.17%
EPS Growth9.96%
CountryUS
Employees29
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.45
Shares Outstanding59,816,532
10 Day Avg. Volume386,625
30 Day Avg. Volume478,690
Financial Highlights & Ratios
PEG Ratio2.72
Price to Book (P/B)1.44
Price to Sales (P/S)6.95
P/FCF Ratio12.14
Enterprise Value/Market Cap1.53
Enterprise Value/Revenue13.80
Enterprise Value/Gross Profit34.33
Enterprise Value/Ebitda11.88
Forecast
1Y Price Target
$34.00Price Target Upside0.89% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)1.38
Revenue Forecast (FY)$236.05M
Getty Realty Business Overview & Revenue Model
Company Description
Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. As of September 30, 2020, the Company ow...
How the Company Makes Money
Getty Realty generates revenue primarily through long-term leases with tenants who operate convenience stores and gas stations. The company typically structures its leases to include rental payments that are partially based on the tenants' sales, ...
Getty Realty Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The call conveyed a positive tone driven by strong rent growth (nearly 12% annualized base rent), solid AFFO growth (5% quarter, 3.8% year), record underwriting and meaningful investment activity (~$270M invested at a 7.9% initial yield), high occupancy (99.7%), improved portfolio diversification (nearly 30% ABR from non-convenience assets), and a healthy liquidity and debt maturity profile. Headwinds discussed were relatively limited and included elevated nonrecurring legal/professional fees, a conservative 2026 AFFO guide that excludes the investment pipeline, a pipeline weighted toward development funding (introducing timing risk), and leverage near the top of the target range. On balance, the positives substantially outweigh the negatives.Positive Updates
Strong Rent and Earnings Growth
Annualized base rent grew nearly 12% in 2025. AFFO per share increased 5% in Q4 2025 (to $0.63) and 3.8% for the full year 2025 (to $2.43). Quarterly FFO was $0.64 per share and full-year FFO was $2.34 per share; net income was $0.45 per share for Q4 and $1.35 per share for the year.
Negative Updates
Modest AFFO Guidance and Exclusion of Pipeline
2026 AFFO per share guidance was reaffirmed at $2.48–$2.50 (implying ~2.1%–2.9% growth from FY 2025 AFFO of $2.43). Guidance explicitly excludes prospective investment or capital activities and therefore may understate potential upside but also highlights reliance on future execution to drive further earnings growth.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Rent and Earnings Growth
Annualized base rent grew nearly 12% in 2025. AFFO per share increased 5% in Q4 2025 (to $0.63) and 3.8% for the full year 2025 (to $2.43). Quarterly FFO was $0.64 per share and full-year FFO was $2.34 per share; net income was $0.45 per share for Q4 and $1.35 per share for the year.
Read all positive updates
Company Guidance
Management reaffirmed 2026 AFFO per share guidance of $2.48–$2.50, noting this reflects the current run rate from the in‑place portfolio (and excludes prospective investment or capital activities, while allowing for expense and credit‑loss variability). For context, FY‑2025 AFFO was $2.43 (+3.8% YoY, high end of guidance) and Q4 AFFO was $0.63 (+5% YoY) with Q4 FFO $0.64 and Q4 net income $0.45 (FY FFO $2.34; FY net income $1.35); G&A ratio was 9.5% in 2025 (down 10 bps vs. 2024) and management expects G&A growth <2% and the ratio to fall below 9% in 2026. Balance‑sheet and liquidity metrics supporting the guidance include net debt/EBITDA of 5.1x (4.8x incl. unsettled forward equity) within a 4.5–5.5x target, fixed‑charge coverage of 3.8x, pro forma $1.0B of senior unsecured notes at a 4.5% weighted average rate and 6.2‑year weighted average maturity, no debt maturities until 2028, and pro forma total liquidity >$500M; the company also has ~$100M of investments under contract (expected to fund mostly in 2026 at initial cash yields in the high‑7% area), $8.7M of post‑year‑end investments, and noted that historically it has averaged >$200M of annual investments, which have added ~250 basis points of AFFO/share beyond the midpoint of initial guidance.Getty Realty Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
63
Positive
Cash Flow
76
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 221.73M | 203.39M | 185.85M | 165.59M | 155.41M |
| Gross Profit | 89.11M | 188.53M | 162.06M | 144.03M | 133.36M |
| EBITDA | 187.50M | 170.76M | 143.02M | 145.95M | 113.20M |
| Net Income | 79.19M | 71.06M | 60.15M | 90.04M | 62.86M |
Balance Sheet | |||||
| Total Assets | 2.17B | 1.97B | 1.82B | 1.56B | 1.47B |
| Cash, Cash Equivalents and Short-Term Investments | 12.78M | 9.48M | 3.31M | 8.71M | 24.74M |
| Total Debt | 1.06B | 918.90M | 772.74M | 714.97M | 608.84M |
| Total Liabilities | 1.10B | 1.01B | 866.75M | 802.45M | 721.84M |
| Stockholders Equity | 1.07B | 962.08M | 955.55M | 759.85M | 745.11M |
Cash Flow | |||||
| Free Cash Flow | 127.02M | 129.63M | 104.99M | 93.09M | 86.55M |
| Operating Cash Flow | 127.45M | 130.50M | 105.30M | 93.09M | 86.82M |
| Investing Cash Flow | -241.89M | -200.47M | -310.70M | -139.06M | -169.73M |
| Financing Cash Flow | 113.61M | 78.30M | 199.44M | 30.76M | 52.32M |
Getty Realty Technical Analysis
Positive
33.70
Price Trends
32.12
Positive
29.98
Positive
28.21
Positive
Market Momentum
0.45
Negative
65.93
Neutral
86.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTY, the sentiment is Positive. The current price of 33.7 is above the 20-day moving average (MA) of 32.57, above the 50-day MA of 32.12, and above the 200-day MA of 28.21, indicating a bullish trend. The MACD of 0.45 indicates Negative momentum. The RSI at 65.93 is Neutral, neither overbought nor oversold. The STOCH value of 86.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GTY.
Getty Realty Risk Analysis
Getty Realty disclosed 36 risk factors in its most recent earnings report. Getty Realty reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Getty Realty Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.01B | 19.46 | 7.86% | 6.77% | 8.17% | 9.96% | |
72 Outperform | $2.74B | 21.07 | 7.40% | 6.10% | 8.28% | 1.49% | |
70 Outperform | $1.95B | 14.09 | 11.37% | 3.97% | 4.44% | 107.23% | |
70 Outperform | $2.90B | 61.18 | 2.07% | 3.13% | ― | ― | |
69 Neutral | $2.22B | 211.40 | 0.51% | 4.61% | 19.92% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $291.06M | -90.17 | -1.09% | 7.01% | 14.81% | -245.25% |
* Real Estate Sector Average
GTY
Getty Realty
33.70
6.89
25.72%
WSR
Whitestone REIT
18.92
6.30
49.92%
FCPT
Four Corners Property
24.90
-1.25
-4.78%
PINE
Alpine Income Property Trust Inc
19.45
4.39
29.18%
NTST
NETSTREIT
20.00
4.55
29.41%
CURB
Curbline Properties Corp.
27.31
5.17
23.33%
Getty Realty Corporate Events
Business Operations and StrategyFinancial Disclosures
Getty Realty Highlights Strong Liquidity and Growth Outlook
Positive
Feb 11, 2026
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, operates 1,174 properties across 44 states with 99.7% occupancy...
Business Operations and StrategyExecutive/Board Changes
Getty Realty Announces Leadership Transition and CIO Promotion
Positive
Jan 21, 2026
On January 20, 2026, Getty Realty Corp. announced that long-serving Executive Vice President, Chief Investment Officer and Chief Operating Officer Mark J. Olear will retire effective February 27, 2026, and that Senior Vice President of Acquisition...
Business Operations and StrategyPrivate Placements and Financing
Getty Realty Announces $250M Note Purchase Agreement
Positive
Dec 3, 2025
On November 19, 2025, Getty Realty Corp. announced its entry into a Note Purchase and Guaranty Agreement for a private placement of $250 million in senior unsecured notes, scheduled to fund by January 22, 2026. The proceeds will be used to repay b...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.