Getty Realty Corp is screened out under 2 exclusion reasons spanning 1 issue category.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
Getty Realty Corp is a real estate investment trust that specializes in the ownership, leasing, and financing of convenience stores and gasoline stations. Its core business model involves leasing properties to operators in the retail motor fuel industry, deriving its revenue from these fossil fuel-dependent tenants.
The company has been directly involved in litigation related to petroleum contamination at its properties. In a 2006 New York case, the court found Getty Realty liable for indemnification and damages resulting from a petroleum discharge at one of its sites. More recently, in 2020, Getty Realty entered into a proposed settlement of a lawsuit brought by the State of New Jersey concerning groundwater contamination from the gasoline additive MTBE. This legal history demonstrates the environmental liabilities inherent in its portfolio of gas station properties.
Getty Realty’s business is fundamentally ancillary to the downstream retail distribution of fossil fuels. It provides the essential real estate infrastructure that enables the sale of gasoline and other petroleum products to consumers.
Getty Realty Corp is a net lease real estate investment trust specializing in the acquisition and development of convenience and gasoline retail properties. Its core business involves leasing real estate to operators of gas stations and convenience stores, deriving its revenue from these downstream fossil fuel retail tenants. The company's portfolio is concentrated in this sector, making the distribution and sale of gasoline a central, material component of its business model.
The company has been directly implicated in litigation concerning groundwater contamination from the gasoline additive MTBE. In August 2020, Getty Realty entered into a proposed settlement of a lawsuit brought by the State of New Jersey over MTBE pollution. This follows a prior 2013 settlement related to Getty Petroleum Marketing. These legal actions link the company's core real estate assets to the environmental legacy and ongoing liabilities associated with fossil fuel retail distribution.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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