Getty Realty Corp. GTY

Company Overview

Getty Realty Corp. is a publicly traded real estate investment trust (REIT) that owns, leases, and finances single-tenant commercial properties primarily used for convenience stores, gasoline stations, car washes, and other automotive-related retail uses. The company operates within the net lease retail real estate industry, with revenues generated predominantly through long-term, triple-net leases that place responsibility for property-level operating costs on tenants.

The company’s primary revenue driver is rental income from a diversified tenant base that includes national, regional, and local operators. Getty Realty Corp. is strategically positioned in the convenience retail and automotive services sector, which management has characterized as necessity-based and resilient to economic cycles. The company traces its origins to assets formerly owned by Getty Petroleum and has evolved over time into a focused net lease REIT following its separation from petroleum refining and marketing operations in the late 1990s and early 2000s.