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GTY

Getty Realty Corp.

GTY

Getty Realty Corp. • NYSE
$28.47 ▲ 0.39% (+0.11)
Market Cap $1.58 B
52w High $32.97
52w Low $25.39
Dividend Yield 1.88%
P/E 22.24
Volume 124.83K
Outstanding Shares 55.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $55.591M ▲ $3.394M ▼ $23.348M ▲ 42% ▲ $0.41 ▲ $118.574M ▲
Q2-2025 $53.257M ▲ $25.949M ▲ $14.014M ▼ 26.314% ▼ $0.24 ▼ $41.107M ▼
Q1-2025 $52.33M ▼ $23.924M ▲ $14.786M ▼ 28.255% ▼ $0.25 ▼ $42.465M ▼
Q4-2024 $53.016M ▲ $17.115M ▼ $22.295M ▲ 42.053% ▲ $0.39 ▲ $48.899M ▲
Q3-2024 $51.467M $22.359M $15.335M 29.796% $0.27 $41.402M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.19M ▼ $2.056B ▲ $1.044B ▲ $1.012B ▲
Q2-2025 $7.489M ▲ $2.015B ▲ $1.033B ▲ $982.422M ▲
Q1-2025 $6.292M ▼ $1.97B ▼ $1.009B ▼ $961.12M ▼
Q4-2024 $9.484M ▲ $1.974B ▲ $1.012B ▲ $962.083M ▼
Q3-2024 $4.013M $1.902B $938.472M $963.391M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $23.348M ▲ $0 ▼ $0 ▲ $0 ▼ $0 ▼ $0 ▼
Q2-2025 $14.014M ▼ $34.735M ▲ $-57.156M ▼ $23.618M ▲ $1.197M ▲ $34.557M ▲
Q1-2025 $14.786M ▼ $28.677M ▼ $-10.788M ▲ $-21.117M ▼ $-3.228M ▼ $28.627M ▼
Q4-2024 $22.295M ▲ $36.191M ▲ $-74.464M ▼ $44.868M ▲ $6.595M ▲ $35.871M ▲
Q3-2024 $15.335M $34.633M $-28.385M $-6.309M $-61K $34.425M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, with rent and related income trending higher each year. Profitability looks solid for a REIT of this type, with healthy margins supported by long-term, net-lease contracts. Earnings have been a bit uneven from year to year, likely reflecting one‑time items, acquisition activity, and interest costs rather than big swings in the underlying portfolio. Overall, the income statement points to a stable, slow‑growing business rather than a volatile one, but it’s worth remembering that REIT health is usually better judged on cash-based metrics (like funds from operations) than on accounting earnings alone, which are not shown here.

Balance Sheet

Balance Sheet The balance sheet shows a company that has been gradually scaling up its real estate portfolio, with total assets and shareholders’ equity rising over time. Debt has also increased, but it appears to have grown alongside the asset base rather than racing ahead of it, which is consistent with a conservative financing approach for a REIT. Cash on hand is quite low, which is typical in this sector since properties and credit lines function as the main sources of liquidity. The picture is of a reasonably well-capitalized landlord with meaningful, but not excessive, leverage—though sensitivity to interest rates and refinancing conditions remains an ongoing consideration.

Cash Flow

Cash Flow Cash generation from operations has trended up in line with the gradual growth in the property portfolio. Free cash flow is positive and closely tracks operating cash flow, reflecting the very low ongoing capital spending needs of a net‑lease REIT where tenants bear most property-level costs. This pattern suggests the existing portfolio comfortably supports the current level of obligations and distributions. At the same time, like most REITs, larger growth initiatives will still depend on access to external capital markets, so future cash flow strength is partly tied to financing conditions and acquisition discipline.

Competitive Edge

Competitive Edge Getty operates in a focused niche: convenience stores, fuel stations, car washes, auto service centers, and similar roadside retail, largely under long-term net leases. This specialization, along with deep relationships with tenants and a high level of occupancy across many states, gives it a durable competitive position versus more generalist REITs. Its conservative use of debt and lack of near‑term debt maturities add resilience and flexibility in a competitive acquisition market. Offsetting this, the company faces structural questions around the long‑term evolution of fuel and automotive retail, competition for attractive net‑lease properties, and the usual REIT sensitivities to interest rates and tenant concentration.

Innovation and R&D

Innovation and R&D Getty is not an R&D‑heavy or technology‑led business, but it is using technology and process improvements to sharpen its underwriting and portfolio management. The firm is rolling out new analytics and business systems aimed at better data‑driven decisions, and it leverages in‑house legal and environmental expertise to navigate complex properties more effectively than many rivals. Strategically, it is innovating by broadening into adjacent, convenience‑oriented segments like drive‑thru restaurants, car washes, and auto service and collision centers, and by offering flexible deal structures and a “green loan” program to support tenant sustainability investments. These are incremental, practical innovations designed to deepen its niche and tenant relationships rather than disruptive technology bets.

Summary

Overall, Getty Realty looks like a steady, income‑oriented real estate platform built on a specialized niche in convenience and automotive‑focused retail. The financials show consistent growth in rent, stable profitability, and a balance sheet that has expanded in a measured way as the portfolio has grown. Strong tenant relationships, high occupancy, and conservative debt management support its positioning in the net‑lease REIT space. Key areas to watch include the impact of interest rates on borrowing costs and property values, shifts in how people fuel and service vehicles over time, and how effectively the company’s technology, diversification efforts, and ESG‑oriented initiatives translate into sustained cash flow growth. The overall profile is one of disciplined, incremental growth with typical REIT exposure to funding conditions and long‑term sector trends.

NEWS

November 20, 2025 · 8:00 AM UTC

Getty Realty Corp. Closes $250 Million Private Placement of Senior Unsecured Notes

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October 22, 2025 · 4:05 PM UTC

Getty Realty Corp. Announces Third Quarter 2025 Results

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October 21, 2025 · 4:05 PM UTC

Getty Realty Corp. Announces Increased Quarterly Cash Dividend

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October 6, 2025 · 8:00 AM UTC

Getty Realty Corp. Announces the Acquisition of $100 Million Houston Convenience Store Portfolio

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September 24, 2025 · 8:00 AM UTC

Getty Realty Corp. to Report Third Quarter 2025 Financial Results

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