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....
Read the full article on Seeking Alpha
For further details see:
Getty Realty Is Getting Risky - The Good And The Bad