MEDIUMBuilt-inGeographic
32%
Texas and New York
“10-K Item 1A: 'approximately 32.0% of our annualized base rent ("ABR") came from properties located in the states of Texas and New York'”
GTY · Concentration risk · 10-K extracted
Getty Realty (GTY) concentration risks
Updated
The most significant concentration Getty Realty discloses is Texas and New York at 32%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Getty Realty’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProperty_type
convenience and gasoline station properties
“10-K Item 1A: 'We derive significant portion of our revenues from leasing...convenience store and gasoline station properties to tenants in the petroleum marketing industry'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a moderate geographic exposure and a moderate property-type tilt, both structural in character. Approximately 32.0% of annualized base rent came from properties located in Texas and New York, a moderate two-state concentration that introduces some sensitivity to the local economic and regulatory environments in those markets. As a structural feature of portfolio construction, this tilt reflects where the company has historically acquired and assembled its net-lease properties rather than a single counterparty relationship that could be abruptly withdrawn. The second concentration is the deliberate focus on convenience store and gasoline station properties, where the company derives a significant portion of revenues from leasing these assets to tenants in the petroleum marketing industry. This is also structural and moderate in size — the portfolio is defined by its property-type specialization rather than an accidental clustering. The dependency character is present because the health of the petroleum marketing tenant base is sensitive to fuel margin dynamics, competition from electric vehicle adoption over time, and the operating performance of the specific convenience and fuel operators who lease the properties. The two exposures layer modestly: if Texas or New York petroleum marketing tenants were disproportionately represented in the state-level concentration, the geographic and property-type risks would compound. No individual tenant names, additional geographic splits, or customer concentrations are disclosed to either compound or offset this picture. On balance, the disclosed profile is well-aligned with a focused net-lease REIT strategy, and property-type specialization is the primary structural characteristic to monitor.
For the engine’s reasoning on GTY’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Retail
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AKR | Acadia Realty Trust | 1 | 0 | 0 | 1 |
| BRX | Brixmor Property Group Inc. | 1 | 0 | 0 | 1 |
| GTY● | Getty Realty Corporation | 0 | 2 | 0 | 2 |
| EPRT | Essential Properties Realty Tru | 0 | 0 | 2 | 2 |
| ADC | Agree Realty Corporation | 0 | 0 | 1 | 1 |
| CURB | Curbline Properties Corp. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.