Getty Realty (GTY)

The company’s model is based on owning real estate and leasing it to operators under long-term agreements, typically structured so that tenants are responsible for many property-level expenses. This net lease approach can provide Getty Realty with recurring rental income while reducing direct exposure to day-to-day store operations. Its tenants operate in sectors where location, traffic flow, and convenience are important drivers of demand.

Getty Realty is distinctive among retail REITs because of its concentration in service-oriented and automotive-related properties rather than traditional shopping centers or enclosed malls. Many of its sites serve routine consumer needs, such as fuel purchases, vehicle maintenance, quick meals, and express car wash services. The company also acquires, finances, and develops properties, allowing it to expand its footprint and adapt its portfolio as retail formats evolve.

Revenue is generated primarily from rent paid by tenants, with the performance of the business influenced by lease terms, occupancy, tenant credit quality, property acquisitions, and financing costs. As a REIT, Getty Realty is generally expected to distribute a significant portion of taxable income to shareholders, making rental cash flow and portfolio stability central to its investment profile.