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Getty Realty: Shares Can Be Attractive Even With Slower Investment
GTYGetty Realty (GTY) seekingalpha.com·2024-05-21 06:53

Jacobs Stock Photography Ltd Shares of Getty Realty (NYSE:GTY) have been a meaningful underperformer over the past year. I last covered shares in January, rating them a "buy." However, since that recommendation, shares have lost 1% while the market has rallied a further 11%. I continue to view Getty's business as stable, given strong debt coverage and long average lease terms. My primary concern has been on its equity-funded acquisitions. Still, deals have favorable economic terms. Acquisition growth may sl ...