Getty Realty Corp

1. Dependence on Single Tenant: Getty Realty Corp depends on a few major tenants for most of its rental income. This makes the company vulnerable to financial losses if any of these tenants were to default on their lease obligations or go out of business.

2. Economic Downturn: As a real estate investment trust (REIT), Getty Realty Corp's performance is closely tied to the overall economic conditions. An economic downturn or recession may lead to a decrease in demand for commercial properties, which could negatively impact the company's rental income and occupancy rates.

3. Competition: Getty Realty Corp operates in a highly competitive market, with numerous other real estate companies competing for tenants and properties. This can put pressure on the company's rental rates and occupancy levels.

4. Interest Rate Risk: As a REIT, Getty Realty Corp relies heavily on debt financing to acquire and develop properties. Changes in interest rates can significantly impact the company's borrowing costs and ultimately affect its profitability.

5. Environmental and Regulatory Risks: As a property owner, Getty Realty Corp is subject to various environmental and regulatory laws and regulations. Any violations or charges against the company could result in costly fines, legal expenses, and damage to its reputation.

6. Tenant Credit Risk: The company's tenants may not always have strong credit ratings, making them more susceptible to default on their lease obligations. This could result in the loss of rental income and potentially require Getty Realty Corp to find new tenants, which may take time and incur additional expenses.

7. Maintenance and Repair Costs: Getty Realty Corp is responsible for maintaining its properties, which can be costly and unpredictable. Failure to adequately maintain and repair properties could lead to decreased property values and lower rental rates.

8. Natural Disasters: As a real estate company, Getty Realty Corp's properties are vulnerable to natural disasters such as hurricanes, floods, and earthquakes. These events can cause significant damage to properties and disrupt operations, resulting in financial losses for the company.

9. Shift Towards E-commerce: The growing popularity of e-commerce and online shopping has led to a decrease in demand for brick-and-mortar retail properties, which is one of Getty Realty Corp's primary areas of focus. This shift in consumer behavior could negatively impact the company's occupancy rates and rental income.

10. Dependence on Management: The success of Getty Realty Corp depends on the decisions and actions of its management team. Any mismanagement, leadership changes, or conflicts within the management team could negatively impact the company's operations and financial performance.