Getty Realty Corporation GTY

Competitive advantage analysis · real-estate

REIT Specialized
Overall moat score
71/100
Moderate

About Getty Realty Corporation

Getty Realty Corp. is a publicly traded, net lease REIT. The firm is specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of December 31, 2025, the Company's portfolio included 1,174 freestanding properties located in 44 states across the United States and Washington, D.C. Full GTY analysis →

Competitive advantage assessment

Key strengths

  • Strong NOI Margins NOI margins are strong (score 0.94), demonstrating rent pricing power.
  • Strong AFFO Generation AFFO generation is strong (score 0.75), supporting dividend sustainability.

Key risks

  • Portfolio Quality Concerns Portfolio quality is concerning (occupancy stability 0.33).
  • Volatile Occupancy/NOI NOI volatility is high (stability 0.33), raising occupancy concerns.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Rent Pricing Power

Moderate
70

Where GTY ranks in REIT - Retail

Getty Realty Corporation ranks #5 of 33 scored companies in REIT - Retail by moat score — the top 15%. The widest moat in the group is NNN REIT, Inc. (NNN) at 79/100.

Moat scores for companies ranked near GTY in REIT - Retail
# Company Moat score Rating
1 NNN REIT, Inc. NNN 79/100 Strong
2 Simon Property Group, Inc. SPG 79/100 Strong
3 Four Corners Property Trust, In FCPT 77/100 Strong
4 Essential Properties Realty Tru EPRT 74/100 Moderate
5 Getty Realty Corporation GTY 71/100 Moderate
6 Agree Realty Corporation ADC 66/100 Moderate
7 InvenTrust Properties Corp. IVT 64/100 Moderate
8 Curbline Properties Corp. CURB 64/100 Moderate
9 Regency Centers Corporation - 5 REGCO 62/100 Moderate

See every Real Estate Investment Trusts company ranked by moat score →

How GTY scores on the REIT Specialized defenses

Rent Pricing Power

Score 70 · 20% of the moat score

For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.

AFFO Strength

Score 77 · 18% of the moat score

AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.

Balance Sheet & Cost of Capital

Score 53 · 20% of the moat score

Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.

Capital Recycling & Growth

Score 84 · 16% of the moat score

REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.

Operational Efficiency

Score 85 · 14% of the moat score

Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.

Portfolio Quality & Diversification

Score 60 · 12% of the moat score

Portfolio quality is really a question about what happens when a tenant fails.

How each REIT Specialized defense is measured, in full →

Understanding GTY's moat

What is Getty Realty Corporation's moat score?

Getty Realty Corporation (GTY) scores 71 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #5 of 33 scored companies in REIT - Retail, the top 15%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 37 companies in REIT - Retail. Its strongest defense is Operational Efficiency (85/100) and its weakest is Balance Sheet & Cost of Capital (53/100).

How does Getty Realty Corporation compare with other REIT - Retail companies?

Getty Realty Corporation ranks #5 of 33 scored companies in REIT - Retail by moat score. The widest moat in REIT - Retail is NNN REIT, Inc. (NNN) at 79/100. The companies ranked closest are Essential Properties Realty Tru (EPRT) at 74 just above it and Agree Realty Corporation (ADC) at 66 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 37 companies in REIT - Retail. The defenses are then weighted to produce the overall score out of 100.

Why is Getty Realty Corporation scored with the REIT Specialized template?

A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.

Which competitive defenses are measured for Getty Realty Corporation?

The REIT Specialized template measures 6 defenses, and GTY scores: Rent Pricing Power (70), AFFO Strength (77), Balance Sheet & Cost of Capital (53), Capital Recycling & Growth (84), Operational Efficiency (85), Portfolio Quality & Diversification (60). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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