EPRT - Getty Realty Is Getting Risky - The Good And The Bad
2024-06-06 23:47:40 ET
Summary
- Getty Realty is a triple-net lease REIT focused on service-oriented properties.
- The Company has some impressive business metrics in terms of occupancy rate, rent escalations, and WALT.
- There are some noticeable risks accompanying GTY (high tenant concentration and significant debt maturities upcoming in 2025/2026).
- GTY has been outperformed by some REITs operating within similar property sector, which are not accompanied by such risk factors - there are better alternatives.
Investment thesis
Each investor's capital is limited, and so is mine. Therefore, I prefer to allocate it to key industry players with clear growth prospects, elite business metrics, strong balance sheets, and unique value drivers....
Getty Realty Is Getting Risky - The Good And The Bad