Getty Realty: Stable Income And Quiet Execution Support This Lesser-Known REIT
Getty Realty Corp. has shown strong performance with a nearly 20% increase in stock value this year. The company offers a 5.8% dividend yield and has raised its full-year AFFO guidance due to solid investment activity and high occupancy rates. With a forward P/AFFO ratio below its peers, there is potential for the stock to be re-rated as economic conditions improve.
- ▪Getty Realty Corp. stock is up nearly 20% year-to-date.
- ▪The company offers a 5.8% dividend yield and has a 99.7% occupancy rate.
- ▪GTY raised its full-year AFFO guidance to $2.50–$2.52, reflecting strong portfolio fundamentals.
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