as most other real estate investment trusts reits are struggling or just barely bouncing off recent lows getty realty corp gty keeps hitting new highs this is impressive considering the emergence of a shaky banking industry and the negative effects higher interest rates have had on the sector the jericho new yorkbased reit is a 1997 spinoff of the getty oil co created by capitalist legend j paul getty the real estate company is a net lease operation that specializes in convenience store and automotive retail properties getty realty owns 1001 properties in 36 states and washington dc funds from operations grew 37 over the past 12 months and 93 over the past five years the reit trades with a pricetoearnings ratio of 19 at 219 times book value and a pricetosales ratio of 976 getty realty’s longterm debt is slightly less than shareholder equity for a new york stock exchangelisted security the reit is lightly traded with an average daily volume of 348000 shares the short float of 15 is much higher than most of the sector indicating how confident short sellers must be of lower prices should they be forced to cover at some point any ensuing rally could be significant here’s what the daily price chart looks like now trading above the early march and early february highs the reit shows continued buying interest despite weakness in most of the sector the 200day moving average the red line remains in an uptrend and getty realty is staying above its 50day moving average the blue line as well the stock more than doubled from its march 2020 pandemic scare low of 14 to the current 3590 a feat other reits haven’t accomplished getty realty is trading well above both widely followed moving averages not investment advice for educational purposes only over the past five years private market real estate investments have outperformed the publicly traded reit market by about 50 check out benzinga’s real estate offering screener to discover the latest passive real estate investments check out more on real estate from benzinga   bezosbacked startup lets you become a landlord with 100   if you invested 10k in american tower 5 years ago heres how much you would be making in dividends today   techies will soon flood austin even harder heres how to invest in its real estate before that happens