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Getty Realty Corp. remains a Strong Buy, trading at a significant discount to intrinsic value despite robust fundamentals and resilient operational performance. GTY's Q3 showcased 99.7% occupancy, 2.5x tenant rent coverage, and a 14% AFFO increase, supporting a sustainable 7.28% dividend yield with a 78.9% payout ratio. The recent $260.9M Refuel acquisition and $502.3M YTD investments at 7.2% yields highlight continued growth potential, aided by ample liquidity and no near-term debt maturities.
Getty Realty NYSE: GTY reported third-quarter adjusted funds from operations, or AFFO, of $0.64 per share, up 3.2% from the prior-year period, as the net-lease real estate investment trust expanded its investment activity and completed a $261 million sale-leaseback transaction with convenience-store operator Refuel.
Getty Realty Corp. ( GTY ) Q3 2026 Earnings Call October 22, 2026 8:30 AM EDT Company Participants Joshua Dicker - Executive VP, General Counsel & Corporate Secretary Christopher Constant - President, CEO & Director Robert Ryan - Chief Investment Officer & Senior VP Brian Dickman - Executive VP, CFO & Treasurer Conference Call Participants Mitch Germain - Citizens JMP Securities, LLC, Research Division Upal Rana - KeyBanc Capital Markets Inc., Research Division Jana Galan - BofA Securities, Research Division Robert Stevenson - Huntington Securities, Inc., Research Division Alec Feygin - Robert W. Baird & Co. Incorporated, Research Division Brad Heffern - RBC Capital Markets, Research Division Michael Goldsmith - UBS Investment Bank, Research Division Akhil Guntupalli - JPMorgan Chase & Co, Research Division Presentation Operator Good morning, and welcome to Getty Realty's Third Quarter 2026 Earnings Call.
Getty Realty has handed investors 13 straight years of dividend raises and a yield near 7%, but its portfolio leans heavily on a single sector that carries risks most net-lease landlords avoid entirely.
Getty Realty offers a 7% dividend yield and maintains strong tenant credit metrics with 99.7% occupancy and 99.9% rent collections. GTY's recent $261M Refuel acquisition accelerates capital deployment, but management is prudently slowing new deals amid higher rates and stock weakness. Balance sheet remains robust with 5.2x debt/EBITDA, 39% debt/capital, and no maturities before 2028, supporting ongoing dividend growth.
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.64 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to FFO of $0.62 per share a year ago.
- Completes More Than $500 Million of Year-to-Date Investment Activity - - Increases 2026 Full Year Earnings Guidance - NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today its financial and operating results for the quarter ended September 30, 2026. Third Quarter 2026 Highlights Net earnings: $0.40 per share Funds From Operations (“FFO”): $0.61 per share Adjusted Funds From Operations (“AFFO”): $0.64 per share Invested $297.4 million across 68 properties at a 6.9% initial cash yield, plus an additional $46.3 million at a 7.6% initial cash yield subsequent to quarter end Committed investment pipeline of more than $75 million for the development and/or acquisition of 29 convenience and automotive retail properties, as of October 21, 2026 “Getty has delivered strong results thus far in 2026, highlighted by a 5.0% increase in year-to-date AFFO per share, and more than $500 million of year-to-date investments,” stated Christopher J.
NEW YORK, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today that its Board of Directors declared a cash dividend of $0.50 per common share, an increase of 3.1% over the previous quarterly dividend. The dividend is payable on January 7, 2027 to holders of record on December 24, 2026.