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Getty Realty Corp (GTY) stock

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NYSE: GTY NYSE Retail REITs Next results ~February 10, 2027

C+ Fundamentals grade

Getty Realty Corp is a US-listed company in the retail REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$54

Cash-flow model

Base case. Range ~$37–$77 across our lower- and higher-growth cases (6.1%–16.1% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 90% above it.

Price used: $28.56, November 2, 2026

Getty Realty Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds179 adding, 111 cuttingOf 43 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Getty Realty files

Where Getty Realty stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $240m, up 12.3% on a year earlier, faster than the 10.9% growth a quarter earlier. Free-cash-flow margin fell to 57.9% from 60.4% a year earlier. Operating margin widened to 63.5% from 55.4%. The diluted share count is up 8.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 0 of our 5 financial-health checks. Our cash-flow model value is $59.26 a share, against a share price of $27.91. At that price, our model says the market is pricing in about 2.0% a year of cash-flow growth for five years, slower than the 9.1% a year revenue growth it has delivered.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

Getty Realty Corp's trailing-twelve-month revenue grew 12.3% year on year, with a free-cash-flow margin of 57.9%. Where it stands out: net margin of 42.4% ranks 4 of 24 retail reits companies we cover.

Our discounted-cash-flow model values the business at ~$54 per share in the base case (~$37–$77 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 7.5% while net income grew 36.8%: a 29pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $28.56 is 90% below our value per share of $54.
  • High operating margin. 63.5% of revenue is left as operating profit, against a median of 47.7% for retail reits companies we cover.
  • Margins widening. Operating margin is up 8.1 points on a year ago.
  • Strong cash generation. 57.9% of revenue turned into free cash flow.

Things to watch

  • Share dilution. Diluted shares rose 8.2% in a year.
  • High debt. Long-term debt exceeds cash by $1.2bn, more than 1.5 times annual revenue.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.5% ranks 16 of 21 retail reits companies we cover (median 1.8%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 25.8% over 90 days.
  • Earnings expected to fall. The consensus expects earnings per share to fall 3% next year.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$0.32 against an average estimate of $0.35: missed by 7.9%
Revenue
$63m, up 13.3% on a year earlier
Share reaction
+1.5% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Guidance given
AFFO per diluted share $2.53 to $2.54 (2026)
Next report
October 21, 2026; average EPS estimate $0.34

Getty Realty's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.0%
  • 1 week+1.8%
  • 1 month+1.3%
  • This year+9.3%
  • 1 year+11.0%
  • 5 years+18.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$240M
Operating margin
63.5%
Net margin
42.4%
EPS (TTM, diluted)
$1.69

Growth

Revenue growth
+12.3%
Change in growth rate
+1.3 pts
Share count change
+8.2%

Cash

Free cash flow (TTM)
$139M
FCF margin
57.9%
Stock pay % of revenue
2.5%

Earnings

Last results
October 21, 2026
Next results (est.)
February 10, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Agreement
  5. Agreement
  6. Leadership
  7. Announcement
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Getty Realty Corp valuation models and calculator

What the price is pricing in

The share price implies about 3.0% a year of cash-flow growth for five years.That is slower than the 9.1% a year revenue growth Getty Realty has delivered.

  • Priced in3.0%
  • Last 12 months12.3%
  • 3 years a year9.9%
  • 5 years a year9.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($28.43, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$54
Price used
$28.43close November 3, 2026
Implied change
▲ +91%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Getty Realty Corp's free cash flow after stock-based pay with after-tax interest added back ($176M, FY2026 Q3 TTM), growing 9.7% and 10.9% in the next two years (forecasts, guidance and its record), then back to 11.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$36–~$77 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Getty Realty Corp's free cash flow after stock-based pay ( $176M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Getty Realty Corp as an equity reit, with every model that fits that kind of business. Cost of equity 7.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.53 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$54 ~$37–$77 Primary model, counts double
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$47 ~$40–$58 Included
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$0.9 ~$21–$43 Left out: out of range vs price (0.03x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$38 ~$31–$48 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$48 ~$38–$54 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Getty Realty Corp with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −32%
  • Revenue growth 5 points higher ▲ +41%
  • Free-cash-flow margin 1 point lower ▼ −2%
  • Last year's free-cash-flow margin change, if it persists ▼ −4%
  • Discount rate 1 point higher ▼ −20%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $20$34$52$75$106$146
8.5% $11$21$34$51$73$101
10% $6$14$24$36$53$75

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$9.59$14.94$16.63$18.89$22.06$19.56$24.01$26.82$24.47$26.89$26.13$28.56
Market value$321m$505m$614m$759m$907m$823m$1.1bn$1.3bn$1.2bn$1.5bn$1.5bn$1.7bn
+ Net debt (− = net cash)$171m$287m$360m$398m$448m$495m$560m$686m$757m$898m$992m$1.2bn
Enterprise value$492m$793m$974m$1.2bn$1.4bn$1.3bn$1.6bn$1.9bn$2.0bn$2.4bn$2.5bn$2.9bn
Multiples
Price / sales 2.9x4.4x5.1x5.6x6.4x5.6x6.9x7.6x6.6x7.2x6.7x7.2x
Price / earnings 8.6x13.1x13.0x15.9x18.2x11.9x17.1x14.0x20.4x20.6x18.6x16.9x
Price / free cash flow —13.8x10.4x12.1x11.8x10.0x12.4x—11.7x11.3x11.6x12.4x
EV / EBITDA 9.8x10.8x12.9x12.7x14.7x12.5x13.4x12.4x14.6x14.4x13.1x13.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

66 /100

Moderate moat

How hard Getty Realty's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Net income has been a median 4.1% of total assets over 10 years.

  • Durability 20 / 20

    Operating margin has been a median 53.2%; its worst year was 45.6%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 8 of 9 years, at a median 55.7% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 36.8% over five years; stock-based pay has been a median 2.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.50 +16% $239m +9%
Next $1.46 −3% $263m +10%

Next year's EPS estimate has moved −25.8% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −18.1% on 90 days ago. In the last 30 days, 0 analysts raised Getty Realty Corp's forecast and 1 cut it.

Consensus EPS forecast Getty Realty Corp, last 90 days
$1.40 $1.60 $1.80 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.83 Current fiscal year, 60 days ago: $1.83 Current fiscal year, 30 days ago: $1.51 Current fiscal year, 7 days ago: $1.51 Current fiscal year, Now: $1.50 $1.50 Next fiscal year, 90 days ago: $1.97 Next fiscal year, 60 days ago: $1.97 Next fiscal year, 30 days ago: $1.45 Next fiscal year, 7 days ago: $1.45 Next fiscal year, Now: $1.46 $1.46

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.83$1.97
60 days ago $1.83$1.97
30 days ago $1.51$1.45
7 days ago $1.51$1.45
Now $1.50$1.46

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.35 $0.32 −7.9%
Jun 2026 $0.46 $0.29 −36.2%
Mar 2026 $0.35 $0.42 +20.3%
Dec 2025 $0.34 $0.40 +16.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026
  • AFFO per diluted share 2026 $2.53 to $2.54 Non-GAAP Raised
    “The Company is increasing its 2026 AFFO guidance to a range of $2.53 to $2.54 per diluted share from the prior range of $2.52 to $2.54 per diluted share.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Getty Realty Corp's revenue by +9.7% next year and +10.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.1%, weight 45%) and the company's own record (+11.1%, weight 55%) . How the weights are set.

Analyst recommendations

8 analysts, Oct 2026
Buy338%
Hold563%
Sell00%

Monthly trend

  1. Oct 20261258
  2. Sep 20261258
  3. Aug 20261258
  4. Jul 20261258

Counts of recommendations published by analysts covering Getty Realty Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.1%
of tradable shares
Days to cover
4.86
at average volume
Short interest, 1 month
−40%
to October 15, 2026
Held by institutions
89%
of shares
Held by insiders
5.6%
of shares
Employees
31
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +11.0%

$25.73 on October 31, 2025 to $28.56

ThenNowEffect
Revenue (last 12 months) $210m $233m +10.9%
Net margin 31.6% 42.7% +35.2%
P/E multiple 21.4x 16.9x −21.1%
Share count 55m 59m −6.2%

Biggest factor: net margin.

Last 3 years +22.7%

$23.27 on November 3, 2023 to $28.56

ThenNowEffect
Revenue (last 12 months) $173m $233m +34.9%
Net margin 39.5% 42.7% +8.3%
P/E multiple 16.3x 16.9x +3.5%
Share count 48m 59m −18.8%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GTY+23%+12%−9%+10%−3%+9%
Industry peers (median)+51%−14%+7%+15%−3%+11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GTY67%58%42%50%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GTY−12%−21%−25%−12%−15%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 48% from October 30, 2019 to March 18, 2020. Getting back needed a 92% gain, reached on April 29, 2021, 407 days after the low.

Price behaviour

52-week range
$25.24 – $36.00
From 52-week high
−20.7%
vs 50-day average
−3.1%
vs 200-day average
−8.8%
Volatility (1 year)
21%
Beta vs S&P 500
-0.18

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±2.3%
After a week
4 up, 8 down
typical move ±2.4%
After a month
5 up, 6 down
typical move ±2.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 +1.5% −0.7% −1.7% —
July 22, 2026 −5.2% −1.3% −4.9% −8.8%
April 22, 2026 −0.8% +0.6% −3.6% −1.8%
February 11, 2026 +5.8% −1.6% +1.9% +6.3%
October 22, 2025 +2.6% +0.1% +0.9% +2.0%
July 23, 2025 +0.8% +0.9% +2.4% +5.4%
April 23, 2025 −4.2% +3.7% −2.7% −1.4%
February 12, 2025 +0.6% +0.7% −1.8% −0.3%
October 23, 2024 +1.3% −0.7% −0.9% +1.6%
July 24, 2024 +1.7% −2.8% −5.2% −1.2%
April 25, 2024 −1.7% +0.6% +1.0% −0.2%
February 14, 2024 +1.5% +1.6% −1.4% +0.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Getty Realty Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Getty Realty Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Getty Realty Corp
$180M $200M $220M $240M $260M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $185.8M Revenue (TTM), FY24 Q1: $191.8M Revenue (TTM), FY24 Q2: $197M Revenue (TTM), FY24 Q3: $198M Revenue (TTM), FY24 Q4: $203.4M Revenue (TTM), FY25 Q1: $206.8M Revenue (TTM), FY25 Q2: $210.1M Revenue (TTM), FY25 Q3: $214.2M Revenue (TTM), FY25 Q4: $221.7M Revenue (TTM), FY26 Q1: $227.2M Revenue (TTM), FY26 Q2: $233M Revenue (TTM), FY26 Q3: $240.4M $240.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $185.8M
FY24 Q1 $191.8M
FY24 Q2 $197M
FY24 Q3 $198M
FY24 Q4 $203.4M
FY25 Q1 $206.8M
FY25 Q2 $210.1M
FY25 Q3 $214.2M
FY25 Q4 $221.7M
FY26 Q1 $227.2M
FY26 Q2 $233M
FY26 Q3 $240.4M
Revenue growth, TTM YoY Getty Realty Corp
6% 8% 10% 12% 14% 16% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 12.2% Revenue growth, TTM YoY, FY24 Q1: 13.3% Revenue growth, TTM YoY, FY24 Q2: 14.0% Revenue growth, TTM YoY, FY24 Q3: 9.2% Revenue growth, TTM YoY, FY24 Q4: 9.4% Revenue growth, TTM YoY, FY25 Q1: 7.8% Revenue growth, TTM YoY, FY25 Q2: 6.6% Revenue growth, TTM YoY, FY25 Q3: 8.2% Revenue growth, TTM YoY, FY25 Q4: 9.0% Revenue growth, TTM YoY, FY26 Q1: 9.9% Revenue growth, TTM YoY, FY26 Q2: 10.9% Revenue growth, TTM YoY, FY26 Q3: 12.3% 12.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 12.2%
FY24 Q1 13.3%
FY24 Q2 14.0%
FY24 Q3 9.2%
FY24 Q4 9.4%
FY25 Q1 7.8%
FY25 Q2 6.6%
FY25 Q3 8.2%
FY25 Q4 9.0%
FY26 Q1 9.9%
FY26 Q2 10.9%
FY26 Q3 12.3%
Operating margin (TTM) Getty Realty Corp
45% 50% 55% 60% 65% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 49.0% Operating margin (TTM), FY24 Q1: 49.8% Operating margin (TTM), FY24 Q2: 51.3% Operating margin (TTM), FY24 Q3: 51.6% Operating margin (TTM), FY24 Q4: 54.0% Operating margin (TTM), FY25 Q1: 53.4% Operating margin (TTM), FY25 Q2: 51.9% Operating margin (TTM), FY25 Q3: 55.4% Operating margin (TTM), FY25 Q4: 57.2% Operating margin (TTM), FY26 Q1: 61.0% Operating margin (TTM), FY26 Q2: 63.8% Operating margin (TTM), FY26 Q3: 63.5% 63.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 49.0%
FY24 Q1 49.8%
FY24 Q2 51.3%
FY24 Q3 51.6%
FY24 Q4 54.0%
FY25 Q1 53.4%
FY25 Q2 51.9%
FY25 Q3 55.4%
FY25 Q4 57.2%
FY26 Q1 61.0%
FY26 Q2 63.8%
FY26 Q3 63.5%
FCF margin (TTM) Getty Realty Corp
56% 58% 60% 62% 64% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 56.5% FCF margin (TTM), FY24 Q1: 58.6% FCF margin (TTM), FY24 Q2: 58.8% FCF margin (TTM), FY24 Q3: 62.8% FCF margin (TTM), FY24 Q4: 63.7% FCF margin (TTM), FY25 Q1: 62.1% FCF margin (TTM), FY25 Q2: 63.5% FCF margin (TTM), FY25 Q3: 60.4% FCF margin (TTM), FY25 Q4: 57.3% FCF margin (TTM), FY26 Q1: 57.8% FCF margin (TTM), FY26 Q2: 59.4% FCF margin (TTM), FY26 Q3: 57.9% 57.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 56.5%
FY24 Q1 58.6%
FY24 Q2 58.8%
FY24 Q3 62.8%
FY24 Q4 63.7%
FY25 Q1 62.1%
FY25 Q2 63.5%
FY25 Q3 60.4%
FY25 Q4 57.3%
FY26 Q1 57.8%
FY26 Q2 59.4%
FY26 Q3 57.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Getty Realty took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $222M
  2. Selling, general and admin $27.3M · 12.3%
  3. Other operating costs $67.7M · 30.5%
  4. Operating income $127M · 57.2%
  5. Interest and other $47.6M · 21.5%
  6. Net income $79.2M · 35.7%

Shares of revenue. Source: Getty Realty's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 84 78 94 96 103 100 111 115 120 136 141 147 155 166 186 203 222 240
EBITDA 57 55 24 34 49 39 50 74 76 91 92 106 122 157 136 165 189 220
Operating income 46 46 14 23 39 29 33 54 56 67 67 76 86 117 91 110 127 153
Net income 47 52 12 12 70 23 37 38 47 48 50 69 63 90 60 71 79 102
Diluted EPS $1.89 $1.84 $0.37 $0.37 $2.08 $0.69 $1.11 $1.12 $1.26 $1.17 $1.19 $1.62 $1.37 $1.88 $1.15 $1.25 $1.35 $1.69
Growth (year on year)
Revenue — −6.9% +19.6% +2.5% +7.0% −2.8% +10.9% +4.1% +4.2% +13.3% +3.3% +4.8% +5.5% +6.6% +12.2% +9.4% +9.0% +12.3%
EBITDA — −2.9% −56.2% +39.0% +44.5% −19.4% +27.9% +46.0% +2.7% +20.4% +1.1% +15.1% +15.3% +28.9% −13.2% +20.7% +14.5% +22.5%
Operating income — −0.8% −69.4% +65.6% +67.9% −25.9% +15.8% +62.8% +3.8% +19.3% −0.8% +13.2% +14.4% +35.7% −22.3% +20.4% +15.5% +28.7%
Net income — +9.9% −75.9% −0.1% +462.5% −66.6% +59.7% +2.7% +22.8% +1.1% +4.2% +39.5% −9.4% +43.2% −33.2% +18.1% +11.4% +36.8%
Diluted EPS — −2.6% −79.9% 0.0% +462.2% −66.8% +60.9% +0.9% +12.5% −7.1% +1.7% +36.1% −15.4% +37.2% −38.8% +8.7% +8.0% +26.4%
Margins
EBITDA margin 67.9% 70.8% 26.0% 35.2% 47.5% 39.4% 45.5% 63.8% 62.9% 66.8% 65.4% 71.8% 78.5% 94.9% 73.4% 81.0% 85.1% 91.5%
Operating margin 54.8% 58.4% 14.9% 24.1% 37.9% 28.9% 30.1% 47.2% 47.0% 49.5% 47.5% 51.3% 55.6% 70.8% 49.0% 54.0% 57.2% 63.5%
Net margin 55.9% 66.0% 13.3% 13.0% 68.1% 23.4% 33.8% 33.3% 39.3% 35.1% 35.4% 47.1% 40.4% 54.4% 32.4% 34.9% 35.7% 42.4%
Free-cash-flow margin −3.3% 66.8% −41.8% 12.2% −22.9% 12.0% −153.3% 31.7% 49.0% 46.0% 54.6% 56.0% 55.7% — 56.5% 63.7% 57.3% 57.9%
Cash flow
Cash from operations 53 57 61 16 44 29 50 37 59 66 77 83 87 93 105 131 127 140
Capital spending 55 5 100 4 67 17 220 0 0 4 0 0 0 — 0 1 0 0
Free cash flow −3 52 −39 12 −23 12 −170 37 59 63 77 83 87 — 105 130 127 139
Stock-based pay 0 0 1 1 1 1 1 1 1 2 2 3 4 5 6 6 7 6
Free cash flow after stock pay −3 52 −40 11 −24 11 −171 35 57 61 74 79 83 — 99 124 120 133
Balance sheet
Cash 3 6 8 17 12 3 4 13 20 47 22 55 25 9 3 9 8 9
Total debt 0 0 — 175 0 100 175 300 380 445 470 550 585 695 760 908 1,000 1,200
Net debt (negative = net cash) −3 −6 −8 158 −12 97 171 287 360 398 448 495 560 686 757 898 992 1,191
Diluted shares 25m 28m 33m 33m 33m 33m 33m 34m 37m 40m 41m 42m 45m 47m 50m 55m 56m 60m
Returned to shareholders
Dividends 47 52 63 8 24 29 35 36 39 51 57 63 71 78 87 100 109 119
Total returned 47 52 63 8 24 29 35 36 39 51 57 63 71 78 87 100 109 119

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 5 checks passed · September 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $9m of cash against $1.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 93% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 83% to 93% over five years.
  • A year's operating cash flow covers at least 20% of debt $140m of operating cash flow against $1.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $153m against $50m of interest.

From Getty Realty Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$119M
Returned to shareholders
85%
of free cash flow
Diluted share count
+8.2%
year over year
Total shareholder yield
6.2%
dividends 6.2% + buybacks 0.0% of market value
Dividend payout ratio
117%
of net income paid out

Competitors: side by side with peers

Closest by revenue in retail reits
Last 12 months unless stated GTY NTST CURB BFS FCPT IVT Median
Revenue, last 12 months $240m $237m $247m $302m $316m $330m $516m
Revenue growth, last 12 months 12.3% 27.1% 50.6% 8.7% 10.2% 12.6% 8.5%
Revenue growth, 3-year average 9.9% 24.7% — 6.5% 9.2% 9.2% 8.2%
Revenue growth, latest quarter 13.3% 37.2% 46.2% 8.4% 12.9% 17.0% 7.1%
Operating margin 63.5% — — 67.0% — −7.7% 44.2%
Operating margin, 3-year average 56.9% — — 54.5% — 0.3% 35.7%
Net margin 42.4% 9.2% 11.2% 11.5% 37.5% 8.7% 26.8%
Cash from operations / revenue 58.0% 56.4% 55.2% 34.0% 65.5% 49.8% 48.6%
Free-cash-flow margin 57.9% 56.3% 13.0% 13.5% 44.4% 37.7% 20.3%
Free-cash-flow margin, 3-year average 60.4% 57.6% 16.7% 19.8% 40.4% 36.7% 20.1%
Stock pay / revenue 2.5% 2.9% 4.8% 0.7% 2.9% 3.4% 1.7%
Change in share count 8.2% 20.0% 3.8% 0.6% 8.1% 0.1% 2.6%

Median of all 24 companies we cover in retail reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

24 retail reits companies
Measure Company Peer median Rank
Revenue growth Growth 12.3% 8.7% 8 of 24
Change in growth rate Growth +1.3pp -0.3pp 6 of 24
Operating margin Profitability 63.5% 47.7% 4 of 16
Net margin Profitability 42.4% 29.8% 4 of 24
Stock pay as % of revenue Cash generation 2.5% 1.8% 16 of 21
Long-term debt as % of assets Balance sheet 46.4% 46.6% 10 of 20
Change in share count Balance sheet 8.2% 4.1% 15 of 22

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.9B
Institutions reporting
319
Shares held vs prior quarter
▲ 4.5%
Positions opened / closed
41 / 26

Top buyers and sellers, Q2 2026: 179 institutions bought and 111 sold ; the biggest buyer was Fidelity National Financial, Inc (+602K shares) and the biggest seller LMR Partners LLP (−314K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $345M 10.3M 18.4% ▲ 5.6%
Vanguard Portfolio Management LLC $197M 5.9M 10.5% ▲ 3.6%
State Street Corp $145M 4.3M 7.7% ▲ 4.1%
Kayne Anderson Rudnick Investment Management LLC $106M 3.2M 5.7% ▼ 7.3%
Vanguard Capital Management LLC $88.6M 2.7M 4.7% 0.0%
Two Sigma Investments, LP $58.3M 1.7M 3.1% ▲ 7.8%
Geode Capital Management, LLC $56.6M 1.7M 3.0% ▲ 8.4%
Cbre Investment Management Listed Real Assets LLC $44.8M 1.3M 2.4% ▼ 1.9%
Charles Schwab Investment Management Inc $32M 958K 1.7% ▲ 7.9%
Jpmorgan Chase & Co $29.6M 877K 1.6% ▲ 28.4%
Northern Trust Corp $27.6M 826K 1.5% ▲ 8.0%
Millennium Management LLC $27.6M 826K 1.5% ▼ 10.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Getty Realty Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

No trades in Getty Realty Corp disclosed in the last 12 months; 7 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 22, 2026
  • April 22, 2026
  • February 11, 2026
  • October 22, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Getty Realty Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Getty Realty Corp in brief

What does Getty Realty Corp do?
Getty Realty Corp is a US-listed company in the retail REITs industry. Its financial year ends in December.
What is Getty Realty Corp's stock ticker?
Getty Realty Corp trades under the ticker GTY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Getty Realty Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Getty Realty Corp reported revenue of $240M, 12.3% higher than a year earlier, according to its SEC filings.
What is Getty Realty Corp's free cash flow?
Getty Realty Corp's free-cash-flow margin is 57.9% of revenue over the trailing twelve months.
What is Getty Realty Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Getty Realty Corp's free cash flow after stock-based pay gives ~$54 per share in the base case, and ~$37–$77 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Getty Realty Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Getty Realty Corp's market cap?
On November 2, 2026, Getty Realty Corp's market capitalisation was about $1.7B, with a price-to-earnings ratio of 16.9 and net debt of $1.2B. Market figures come from third-party market data and may be delayed.
Does Getty Realty Corp pay a dividend?
Yes: Getty Realty Corp paid $119M in dividends over the trailing twelve months, a dividend yield of 6.20% and a payout ratio of 116.7%.
How much debt does Getty Realty Corp have?
Getty Realty Corp's debt-to-equity ratio is 93.5%, from its latest balance sheet (83.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Getty Realty Corp's competitors?
In our Retail REITs peer group, the companies closest to Getty Realty Corp are Netstreit Corp., Curbline Properties Corp., Saul Centers, Inc., Four Corners Property Trust, Inc. and Inventrust Properties Corp. The side-by-side comparison below sets their revenue, margins and growth against Getty Realty Corp's.
When is Getty Realty Corp's next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Getty Realty Corp announces its own schedule.