Getty Realty Focused on Growth with Conservative Capital Strategy
Chris Constant, president and CEO of Getty Realty Corp. (NYSE: GTY), sat down for a video interview during Nareit's REITweek:Β ...
President, Chief Executive Officer & Director, Getty Realty
Search every verified Christopher Constant interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Christopher Constant, president and CEO of Getty Realty Corp., has described the company as well-positioned for growth with a conservative capital strategy. In a July 2025 interview, Constant stated that the company had about $150 million of undrawn equity available, a balance sheet in the middle of its target leverage range of 4.5 to 5.5 times net debt to EBITDA, and no debt maturities until 2028. He noted that over the last five years, the company had deployed just over $1 billion of acquisition capital, and at the end of the first quarter of 2025, it had $110 million under contract, with about 50% in the automotive service category, particularly collision centers, which he described as a relatively new vertical. Constant said the company had raised about $250 million of equity on a forward basis over the prior two years and completed a $125 million delay draw senior notes offering in fall 2024. Constant has characterized Getty Realty's portfolio as "largely recession resistant" and "internet resistant," citing its focus on convenience stores, car washes, and automotive service assets. He said the company expects to benefit from potential tariffs on new car sales, as people may hold cars longer, increasing demand for automotive service. On the convenience store and quick-service restaurant side, he described the assets as the "ultimate trade down" for consumers facing inflation or tariff-related cost increases. Constant has also emphasized the company's focus on diversification and growth, stating in a May 2025 podcast that the company was in 44 states with about 60% of rent coming from convenience stores, and that it had grown its dividend and adjusted funds from operations per share in recent years. He noted the company's 99.7% occupancy rate and its strategy of raising capital ahead of deployment needs.
“Our balance sheet is right in the middle of our target leverage range, which is four and a half to five and a half times net debt to EBITDA, and we've got no debt maturities until 2028. So, we feel pretty good about our capital position and the ability to raise capital in the future if we should need it.”
“One of the things I think we've done a good job of over the last several years is raising capital maybe ahead of when we need to deploy it. So over the last two years, we've raised just about 250 million of equity all on a forward basis and then in the fall of last year we did a delay draw senior notes offering of 125...”
“We've been very active over the last several years. I think over the last 5 years, we've deployed just over a billion dollars of acquisition capital. This year, at the end of the first quarter, we announced we have $110 million under contract at Getty.”
“About 50% of that is in the automotive service category in particular collision centers which is a relatively new vertical for us but probably I'm more excited that that 110 million represents all of the asset classes that we invest in.”
Chris Constant, president and CEO of Getty Realty Corp. (NYSE: GTY), sat down for a video interview during Nareit's REITweek:Β ...
When you stop to fill up your car with gas, you might also pop into the store to grab a quick bite, or a gatorade, or that carton of milkΒ ...
Getty Realty (NYSE: GTY) is a publicly traded, net lease REIT specializing in convenience, automotive and other single tenantΒ ...
Chris Constant, president and CEO of Getty Realty Corp. (NYSE: GTY), participated in a video interview at Nareit's REITworld:Β ...
Chris Constant, president and CEO of Getty Realty Corp. (NYSE: GTY), participated in a video interview in conjunction withΒ ...
Getty Realty Corp. (NYSE: GTY) is the leading publicly traded real estate investment trust (βREITβ) in the United States specializingΒ ...
CEO Christopher Constant says consolidation within the convenience industry creates opportunity.
CEO Christopher Constant sees growing popularity of stand-alone, quick-serve restaurants. To learn more about Getty Realty,Β ...
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