Getty Realty Corp is a leading real estate investment trust (REIT) that focuses on the ownership, redevelopment, and leasing of retail and convenience store properties, primarily those related to the gasoline and automotive sectors
The company strategically manages a diverse portfolio of properties that are typically located at high-traffic locations, providing essential services to consumers. Through its expertise in property management and market analysis, Getty Realty aims to create value for its tenants and shareholders by fostering long-term relationships and pursuing opportunities for expansion in the evolving energy landscape.
As most other real estate investment trusts (REITs) are struggling or just barely bouncing off recent lows, Getty Realty Corp. (NYSEGTY) keeps hitting new highs. This is impressive considering the emergence of a shaky banking industry and the negative effects higher interest rates have had on the sector.
It’s a positive, generally, for the REIT sector that these 4 hit higher highs this week even as the big name tech and social media stocks have failed to achieve that kind of out- performance. That these real estate investment trusts are showing this kind of strength in advance of probable rate hikes by the Fed is at the very least, favorable.
