📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single-tenant retail real estate.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding GTY

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	127.1K	$4.0M	0.01%	Mar 2026
Jim Simons Renaissance Technologies LLC	86.3K	$2.7M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 3 quarters analysed

Q3 2025

Confident Specific

Management highlighted 10% YoY growth in annualized base rent, 5.1% AFFO per share increase, 99.8% occupancy, and stable 2.6x rent coverage. Language was forward-leaning regarding new segments (QSR, travel centers) and the platform’s ability to source accretive deals.

Q4 2025

Confident Specific

Management led with strong financial results (AFFO per share up 5% QoQ, 3.8% full year), repeatedly characterized the portfolio as 'solid foundation' and 'resilient', and provided detailed figures for investments and pipelines. No defensive or evasive language observed.

Q1 2026 latest

Confident Specific

Management used definitive language ('strong start', '13.1% year-over-year increase', '6.8% increase in AFFO per share', 'increased guidance') and repeatedly cited concrete metrics and pipeline amounts, reflecting certainty in their outlook.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Getty Realty delivered beat-and-raise quarterly results, demonstrating both operational stability and accelerating investment activity. The ~$125 million under contract pipeline and significant liquidity ($625M+ total, $171M unsettled forward equity) provide clear visibility for near-term accretive growth. Management’s confidence in tenant resilience (2.5x rent coverage, 100% collections) and ability to source deals at mid- to high-7% cash yields reinforces the net lease growth model. Key items to watch next quarter: progress on closing the $125M pipeline, any impact from geopolitical events on tenant performance, and whether the investment pace can sustain the raised guidance.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 3 quarters Full tone analysis in Intelligence →

📊 MIXED Getty Realty Q1 2026 AFFO per share $0.63, up 6.8% YoY; invests $30.3M at 8% yield.

Revenue & Profitability

For Q1 2026, Getty reported AFFO per share of $0.63, a 6.8% increase year-over-year. FFO per share was $0.69 and net income per share was $0.43. Annualized base rent increased 13.1% year-over-year. The ratio of G&A (excluding stock-based compensation and non-recurring costs) to cash rental and interest income improved 130 basis points to 9.2%. Net debt to EBITDA was 5.1x (or 4.2x including unsettled forward equity).

Outlook

Management is constructive on the transaction markets for convenience and automotive retail properties, citing continued consolidation and favorable consumer trends for convenience, speed, and service. Despite geopolitical volatility, tenants have demonstrated resilience. The CEO noted that most conversations revolve around growth and that the sale-leaseback market is becoming more attractive as a complement to other capital sources.

Growth Drivers

Year-to-date, Getty invested $34.4 million at an 8% initial cash yield, including $30.3 million in Q1 across 29 properties. The company has approximately $125 million of investments under contract and a significant pipeline under signed letters of intent, predominantly relationship sale-leasebacks and development funding with 15–20-year lease terms. Initial cash yields on pipeline opportunities are in the mid- to high-7% area. The company added 11 new tenants through granular acquisitions.

Balance Sheet & CapEx

Not discussed in this earnings call as a separate CapEx guidance or capacity plan. Investment activity included $30.3 million in Q1 (22 properties for $27.3 million plus $3 million incremental development funding) and $4.1 million subsequent to quarter end, all at an 8% initial cash yield.

Margins

Management highlighted a 130 basis point improvement in the G&A ratio (excluding stock-based compensation and non-recurring costs) to 9.2% in Q1 2026. They expect 2026 G&A growth to be less than 2% and the G&A ratio to fall below 9%. No gross or operating margin specifics were discussed.

Key Risks

Management flagged a 25 basis point credit loss assumption in guidance, but noted no current credit concerns and 0% actual credit loss in Q1. In Q&A, they addressed potential risks from 7-Eleven store closures (not material to Getty's portfolio) and from war and gas prices (tenants have passed on fuel cost increases and margins remain healthy). No other specific risks were raised by management or analysts.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-23

Annualized base rent rose 15% and AFFO per share grew 5.1% year-over-year, prompting a guidance increase for 2026. The portfolio remains nearly fully occupied with strong rent coverage, robust investment activity, and ample liquidity to fund future growth.

Q1 2026 Q1 2026 2026-04-23

Annualized base rent rose 13.1% year-over-year, AFFO per share increased 6.8%, and full-year 2026 guidance was raised. The portfolio remains nearly fully occupied with strong rent coverage, robust liquidity, and a $125 million investment pipeline supporting continued growth.

Q4 2025 Q4 2025 2026-02-12

Strong rent and earnings growth in 2025, with AFFO per share up 3.8% and annualized base rent up nearly 12%. Portfolio remains 99.7% occupied, with a $100 million investment pipeline and continued diversification across asset classes.

Q3 2025 Q3 2025 2025-10-23

Annualized base rent grew over 10% year-over-year and AFFO per share rose 5.1%, driven by a fully occupied, diversified portfolio and robust investment activity. Guidance for 2025 AFFO per share was raised, supported by a strong pipeline and liquidity.

Q2 2025 Q2 2025 2025-07-24

Annualized base rent rose 9.9% to $204M, with AFFO per share up 1.7% year-over-year. Investment activity accelerated, with $95.5M closed YTD at 8.1% yield and a $90M+ pipeline. 2025 AFFO guidance was raised, and liquidity remains strong.

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