Getty Realty: Solid Q3 Results Given Stable Cash Flow And Accretive M&A

Summary:

• Getty Realty has gained 23% in the past year, driven by expectations of Federal Reserve rate cuts, and offers a 5.8% dividend yield.
• The company’s stable business model, with 99.7% occupancy and strong tenant credit profiles, ensures consistent cash flow and minimal delinquency risk.
• Getty’s long-term leases with automatic escalators and a solid balance sheet support its acquisitive growth strategy, yielding 8% on new deals.
• Despite capital market risks, Getty’s secure dividend and growth potential make it an attractive long-term investment for income-oriented investors.

Shares of Getty Realty (NYSE:GTY) have been a solid performer over the past year, gaining 23% on top of its 5+% dividend yield. Most of this rally has occurred over the past three months as investors began expecting a larger Federal

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