Getty Realty Corp. (NYSE: GTY) is a solid long-term investment option for those seeking steady growth and a healthy yield. The company has seen double-digit growth in its Adjusted Funds From Operations (AFFO), a key metric for real estate investment trusts. With a near 6% yield, Getty Realty offers investors a strong return on their investment.
Getty Realty’s success can be attributed to its diverse portfolio of properties, which includes gas stations, convenience stores, and other retail locations. This diversity helps to mitigate risk and provides stability to the company’s cash flow.
In addition to its strong financial performance, Getty Realty has a solid track record of increasing dividends, making it an attractive option for income-seeking investors. The company’s commitment to shareholder value is evident in its consistent dividend growth and its focus on maintaining a healthy balance sheet.
Overall, Getty Realty’s strong AFFO growth and attractive yield make it a compelling long-term buy for investors looking for a reliable income stream and potential capital appreciation. With a solid business model and a history of success, Getty Realty is well-positioned for continued growth in the years to come.