GTY

Getty Realty Corp. operates as a real estate investment trust (REIT) specializing in the ownership, leasing, and financing of convenience store and gasoline station properties. Headquartered in Jericho, New York, the company was founded in 1955 and has evolved into a leading net lease REIT focused on single-tenant retail real estate in the automotive and convenience store sectors. Getty's portfolio comprises approximately 1,050 properties across 39 states and Washington D.C., with a geographic concentration in the Mid-Atlantic and Northeast regions. The company's tenant base includes major petroleum distributors, convenience store operators, and automotive service retailers, with its properties predominantly featuring fuel distribution facilities alongside retail operations. Getty generates revenue primarily through triple-net lease agreements, where tenants assume responsibility for property expenses including maintenance, insurance, and taxes. The company maintains strategic relationships with investment-grade and regional operators, providing stable, long-term cash flows. Recent initiatives include portfolio diversification beyond traditional petroleum-focused assets and strategic property acquisitions that expand its presence in high-traffic, necessity-based retail locations. As of its latest reporting period, Getty manages assets valued at approximately $1.4 billion. The company's business model emphasizes long-term lease stability, portfolio diversification, and active asset management to drive consistent returns for shareholders through both rental income and strategic property transactions.