Getty Realty Corp

GTY

Market cap $1.97B

Getty Realty Corp. has outperformed peers, up nearly 20% year-to-date, and offers a 5.8% dividend yield and consistent AFFO growth. GTY raised full-year AFFO guidance to $2.50–$2.52, reflecting strong investment activity and robust portfolio fundamentals with 99.7% occupancy. The REIT trades at a forward P/AFFO of 13x, below the peer average, with potential for re-rating to 14x–16x as economic clarity improves.

REITs present attractive value, thanks in part to a shortage of new supply and relative immunity to AI disruption, and are outperforming the S&P 500 YTD. This article identifies 25 high-yield REITs with current yields at least 75 basis points above the "no-risk" rate on Treasuries. The list is then screened for dividend safety, FFO growth, and balance sheet quality to arrive at a final list of 5 companies, each offering safe yields above 5.25%.

Global X SuperDividend REIT ETF (NYSEARCA:SRET) holds roughly 30 of the highest-yielding REITs worldwide, equally weighted, with monthly distributions.

Getty Realty Corp. (GTY) Q1 2026 Earnings Call Transcript

Getty Realty Corp. (GTY) is reaffirmed as a Strong Buy, driven by robust fundamentals and an attractive, sustainable dividend yield. GTY posted a strong Q1, raising 2026 AFFO guidance to $2.50–$2.52 per share, with 99.7% occupancy and a solid investment pipeline. The REIT boasts a solid balance sheet, with no debt maturities until June 2028, and a well-covered 5.7% dividend yield with plenty of room for growth.

Getty Realty remains a "Buy" for secure income and steady growth, supported by resilient operations and a 5.7% dividend yield. Q1 FFO rose 15% to $0.63 per share, with 99.7% occupancy and 2.5x tenant rent coverage, underscoring GTY's portfolio strength. GTY's acquisition pipeline and annual rent escalators drive ~4% FFO growth, with management raising 2024 guidance to $2.50–$2.52.

While the top- and bottom-line numbers for Getty Realty (GTY) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to FFO of $0.59 per share a year ago.

- Expands Committed Investment Pipeline to More than $125 Million - - Increases 2026 Full Year Earnings Guidance - NEW YORK, April 22, 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 March 31, 2026. First Quarter 2026 Highlights Net earnings: $0.43 per share Funds From Operations (“FFO”): $0.69 per share Adjusted Funds From Operations (“AFFO”): $0.63 per share Invested $30.3 million across 29 properties at an 8.0% initial cash yield Extended leases totaling $11.3 million, or 5.0% of annualized base rent (ABR), and increased the portfolio's weighted average lease term (WALT) to more than 10.0 years Raised gross proceeds of $129.9 million from a follow-on common stock offering in connection with forward sales agreements Received gross proceeds of $250.0 million from a previously announced private placement of senior unsecured notes and repaid amounts outstanding under the Company's revolving credit facility Committed investment pipeline of more than $125.0 million for the development and/or acquisition of 43 convenience and automotive retail properties, as of April 22, 2026 “Getty had a productive first quarter highlighted by strong year-over-year earnings growth and an increase to our full year 2026 earnings guidance,” stated Christopher J.

NEW YORK, April 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 that its Board of Directors declared a cash dividend of $0.485 per common share payable on July 9, 2026 to holders of record on June 25, 2026.