Getty Realty Corporation Common Stock (GTY)

Competitors to Getty Realty Corporation Common Stock (GTY)

Mid-America Apartment Communities 

Mid-America Apartment Communities primarily focuses on owning and managing residential properties, which positions them as a competitor in the real estate sector. While Getty Realty specializes in retail real estate, particularly convenience stores and gas stations, both companies operate in the broader real estate investment trust (REIT) space. MAAs competitive edge lies in its extensive portfolio of multifamily properties and its ability to capitalize on the increasing demand for rental units in urban areas, allowing it to generate stable cash flows from tenants seeking rental housing rather than retail spaces.

National Retail Properties 

National Retail Properties operates a portfolio of retail properties, similar to Getty Realty, but focuses more on a diverse range of tenants across various industries. While Getty Realty has a specialized focus on fueling and convenience store sectors, NNN's broad tenant base includes industries such as quick-service restaurants and auto parts stores. This diversification helps NNN mitigate risks associated with any single sector decline, providing it a competitive advantage in stability and adaptability during economic fluctuations.

Realty Income Corporation 

Realty Income Corporation is a well-known REIT that focuses on commercial properties and is characterized by its monthly dividend payments. While both Realty Income and Getty Realty are involved in retail real estate, Realty Income has a more expansive portfolio, incorporating a wide variety of tenants and property types, ranging from convenience stores to drugstores and dollar stores. Realty Income's strength lies in its reputation for reliability in dividends and diversified tenant selection, allowing it to appeal to a broader array of investors seeking income stability.

Spirit Realty Capital

Spirit Realty Capital is another REIT that specializes in acquiring and managing retail and service properties. Like Getty Realty, Spirit Realty primarily invests in retail-oriented assets, which creates direct competition for similar property types. However, Spirit Realty is known for its quality portfolio and long-term lease agreements with clients in various sectors such as convenience stores, restaurants, and healthcare. This strong focus on tenant relationships and contractual stability gives Spirit Realty a competitive edge in negotiating favorable lease terms compared to Getty Realty.

UMH Properties, Inc. 

UMH Properties, Inc. is a residential REIT that focuses primarily on manufactured home communities. While its business model diverges from that of Getty Realty, both companies operate within the REIT framework. The competition arises in terms of investor preference; while Getty Realty maintains a niche in convenience retail, UMH offers an alternative investment opportunity in the affordable housing sector. UMH's growth potential comes from its increasing number of manufactured housing communities, which are becoming a popular choice for affordable living, allowing it to cater to a different market segment.