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Getty Realty Corp. (NYSE: GTY) is the leading publicly-traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store, gasoline station, car wash and other automotive properties. Our 959 properties are located in 35 states across the United States and Washington, D.C. Our properties are operated under a variety of brands including 76, BP, Citgo, Conoco, Exxon, Getty, Gulf, Mobil, Shell, Sunoco and Valero.

Operational Highlights

  • Acquired 34 properties for $150 million
  • Completed portfolio transactions in high growth markets including the Kansas City & San Antonio MSAs
  • Completed 6 redevelopment projects with nationally recognized brands including 7-11, AutoZone, Bank of America & Wendy’s
  • Signed 8 leases for future redevelopment projects

Financial Achievements

  • Increased total revenue by 5%
  • Grew Adjusted Funds from Operations (AFFO) by 7% to $1.84 per share
  • Raised $64 million of equity capital to support growth initiatives
  • Issued $175 million of unsecured long-term fixed-rate debt – reduced borrowing costs and extended weighted average debt maturities
  • Raised quarterly cash dividend by 5% to annualized $1.56 per share
  • Maintained Investment Grade Debt Rating (BBB-) from Fitch Ratings

Portfolio Highlights

  • 99%+ occupancy
  • 65% of annualized base rent from Top 50 MSAs
  • 71% of properties on corner locations
  • 9.5 years rent-weighted average lease term

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