GETTY REALTY CORP /MD/ Business Summary

Getty Realty Corp. (NYSE: GTY) is a specialized real estate investment trust (REIT) that generates revenue through the ownership, leasing, and financing of single-tenant retail properties under long-term, triple-net lease agreements. The company’s business model focuses on the convenience and automotive retail sectors, with primary segments including convenience stores, car washes, automotive service centers (repair, oil, and collision), automotive parts retailers, and drive-thru quick service restaurants. As of February 2026, Getty’s portfolio comprises approximately 1,174 properties across 44 states and Washington, D.C., maintaining high occupancy rates and stable cash flows supported by a weighted average lease term of nearly 10 years. Direct competitors include Agree Realty Corp. (ADC), Broadstone Net Lease (BNL), Essential Properties Realty Trust (EPRT), and Four Corners Property Trust (FCPT). Getty occupies a distinct market position as a niche leader in service-oriented, e-commerce resistant retail real estate, leveraging deep expertise in automotive-related asset classes to drive accretive growth through sale-leaseback transactions and forward development commitments. The company’s origins trace back to 1955 with the founding of its predecessor, Power Test Corporation, by Leo Liebowitz and Milton Cooper. The current executive team is led by President and CEO Christopher J. Constant, who joined in 2010 and has served as CEO since 2016. Key leadership includes Brian R. Dickman as EVP and Chief Financial Officer, and Joshua Dicker as EVP, General Counsel, and Secretary. As of February 24, 2026, Mark J. Olear remains EVP, Chief Investment Officer, and Chief Operating Officer, with Robert J. Ryan serving as SVP of Acquisitions and the designated successor for the CIO role effective February 27, 2026. The Board of Directors is chaired by Howard B. Safenowitz and includes co-founder Milton E. Cooper. Notable institutional backing is provided by major shareholders such as BlackRock, Inc., The Vanguard Group, and State Street Corp, which collectively hold a majority of the company's equity.