Getty Realty Corp.

I track dividend announcements across 1,200+ stocks. This week, I'm highlighting 42 companies that increased their dividends. Part 1 covers 25 stocks, including two I own. Comfort Systems USA stands out with a 66.7% year-over-year dividend increase, 18.47% upside to fair value, and a Quality Score of 8.93. West Pharmaceutical Services posted the largest increase of the Part 1 stocks (18.18%) and perfect dividend safety, but trades 12.06% above my fair value estimate.

Getty Realty Corp. remains a Strong Buy, trading at a significant discount to intrinsic value despite robust fundamentals and resilient operational performance. GTY's Q3 showcased 99.7% occupancy, 2.5x tenant rent coverage, and a 14% AFFO increase, supporting a sustainable 7.28% dividend yield with a 78.9% payout ratio. The recent $260.9M Refuel acquisition and $502.3M YTD investments at 7.2% yields highlight continued growth potential, aided by ample liquidity and no near-term debt maturities.

Getty Realty NYSE: GTY reported third-quarter adjusted funds from operations, or AFFO, of $0.64 per share, up 3.2% from the prior-year period, as the net-lease real estate investment trust expanded its investment activity and completed a $261 million sale-leaseback transaction with convenience-store operator Refuel.

Getty Realty Corp. ( GTY ) Q3 2026 Earnings Call October 22, 2026 8:30 AM EDT Company Participants Joshua Dicker - Executive VP, General Counsel & Corporate Secretary Christopher Constant - President, CEO & Director Robert Ryan - Chief Investment Officer & Senior VP Brian Dickman - Executive VP, CFO & Treasurer Conference Call Participants Mitch Germain - Citizens JMP Securities, LLC, Research Division Upal Rana - KeyBanc Capital Markets Inc., Research Division Jana Galan - BofA Securities, Research Division Robert Stevenson - Huntington Securities, Inc., Research Division Alec Feygin - Robert W. Baird & Co. Incorporated, Research Division Brad Heffern - RBC Capital Markets, Research Division Michael Goldsmith - UBS Investment Bank, Research Division Akhil Guntupalli - JPMorgan Chase & Co, Research Division Presentation Operator Good morning, and welcome to Getty Realty's Third Quarter 2026 Earnings Call.