Getty Realty: Pick Up This Quality Net Lease REIT With Attractive Yield

Jun. 21, 2022 7:30 AM ETGetty Realty Corp. (GTY) StockGTY7 Comments

Summary

  • GTY is a quality net lease REIT with long-weighted average lease terms, a strong balance sheet, and a robust growth runway.
  • It continues to demonstrate respectable growth as it consolidates its fragmented market.
  • Recent share price weakness provides a high dividend yield and attractive entry point.
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Net lease REITs have taken a beating in recent months. However, some of the well-recognized names such as Agree Realty (ADC) and Realty Income Corp. (O) still trade at sub-5% dividend yields. This simply won't make as much of

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of GTY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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