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 27 properties for $87 million
  • Completed portfolio transactions in Los Angeles, CA and Las Vegas, NV MSAs
  • Completed 4 redevelopment projects – combined incremental return on invested capital of ~40%
  • Signed 12 leases for redevelopment projects

Financial Achievements

  • Increased total revenue by 3.3%
  • Grew Adjusted Funds From Operations (AFF0) to $1.72 per share
  • Raised $15 million of equity capital to support growth initiatives
  • Issued $125 million of unsecured long-term fixed-rate debt to reduce exposure to rising interest rates
  • Raised quarterly cash dividend by 6% to annualized $1.48 per share
  • Maintained Investment Grade Debt Rating (BBB-) from Fitch Ratings

Portfolio Highlights

  • 99% occupancy
  • 57% of annualized base rent from Top 25 MSAs
  • 72% of properties on corner locations
  • 10 year rent weighted average lease term

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