GETTY REALTY CORP /MD/
Business
Getty Realty Corp. is a publicly traded REIT specializing in the acquisition, financing, and development of net-leased convenience stores, automotive service centers, express tunnel car washes, and drive-thru quick service restaurants. The company owns and leases 1,174 single-tenant retail properties located across 44 states and Washington, D.C., primarily under triple-net leases with initial terms of 15–20 years. The portfolio operates through tenants ranging from national and regional brands to individual operators, with properties concentrated in major metropolitan areas and along high-traffic corridors.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues from rental properties | 220 | 199 | 181 | 164 | 154 | |
| Interest on notes and mortgages receivable | 2 | 5 | 5 | 2 | 2 | |
| Total revenues | 222 | 203 | 186 | 166 | 155 | |
| Property costs | 9 | 15 | 24 | 22 | 22 | |
| Impairments | 3 | 4 | 5 | 4 | 4 | |
| Environmental | 2 | 585,000 | 1 | −21 | — | |
| General and administrative | 27 | 25 | 24 | 21 | 20 | |
| Depreciation and amortization | 62 | 55 | 45 | 40 | 36 | |
| Total operating expenses | 103 | 100 | 99 | 65 | 86 | |
| Gains on dispositions of real estate | 8 | 6 | 5 | 16 | 17 | |
| Operating income | 127 | 110 | 91 | 117 | 86 | |
| Other income, net | 439,000 | 566,000 | 574,000 | 413,000 | 1 | |
| Interest expense | −46 | −39 | −32 | −28 | −25 | |
| Loss on termination of interest rate swaps | −2 | — | — | — | — | |
| Loss on extinguishment of debt | — | — | −43,000 | — | — | |
| Net earnings | 79 | 71 | 60 | 90 | 63 | |
| Net Earnings (per share) | 1.35 | 1.26 | 1.16 | 1.88 | 1.37 | |
| Net Earnings (per share) | 1.35 | 1.25 | 1.15 | 1.88 | 1.37 | |
| Basic | 56 | 54 | 50 | 47 | 45 | |
| Diluted | 56 | 55 | 50 | 47 | 45 | |
| Unrealized gain (loss) on cash flow hedges | 1 | 3 | −4 | — | — | |
| Cash flow hedge income reclassified to interest expense | 593,000 | −531,000 | −83,000 | — | — | |
| Total other comprehensive income (loss) | 2 | 2 | −4 | — | — | |
| Comprehensive income | 81 | 73 | 56 | 90 | 63 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Land | 1,051 | 944 | 868 | 802 | 772 | |
| Buildings and improvements | 1,141 | 1,029 | 847 | 707 | 632 | |
| Lease intangible assets | 209 | 171 | 142 | — | — | |
| Investment in direct financing leases, net | 39 | 43 | 60 | 66 | 72 | |
| Construction in progress | 73,000 | 96,000 | 426,000 | 578,000 | 693,000 | |
| Real estate held for use | 2,440 | 2,187 | 1,918 | 1,576 | 1,477 | |
| Less accumulated depreciation and amortization | −406 | −351 | −308 | −233 | −209 | |
| Real estate held for use, net | 2,034 | 1,837 | 1,610 | 1,343 | 1,267 | |
| Real estate held for sale, net | 2 | 243,000 | 2 | 4 | 4 | |
| Real estate, net | 2,036 | 1,837 | 1,613 | 1,421 | 1,271 | |
| Notes and mortgages receivable | 19 | 29 | 112 | 34 | 15 | |
| Cash and cash equivalents | 8 | 9 | 3 | 9 | 25 | |
| Restricted cash | 4 | 4 | 2 | 3 | 2 | |
| Deferred rent receivable | 70 | 62 | 54 | 50 | 47 | |
| Accounts receivable | 2 | 3 | 5 | 4 | 4 | |
| Right-of-use assets - operating | 10 | 12 | 15 | 18 | 21 | |
| Right-of-use assets - finance | 60,000 | 107,000 | 174,000 | 277,000 | 379,000 | |
| Prepaid expenses and other assets | 22 | 17 | 18 | 23 | 83 | |
| Total assets | 2,173 | 1,974 | 1,822 | 1,562 | 1,467 | |
| Credit Facility | 250 | 83 | 10 | 70 | 60 | |
| Term Loan, net | — | 149 | 73 | — | — | |
| Senior Unsecured Notes, net | 748 | 674 | 673 | 623 | 524 | |
| Environmental remediation obligations | 16 | 21 | 22 | 23 | 48 | |
| Dividends payable | 30 | 27 | 25 | 21 | 19 | |
| Lease liability - operating | 11 | 14 | 16 | 20 | 23 | |
| Lease liability - finance | 174,000 | 330,000 | 595,000 | 2 | 2 | |
| Accounts payable and accrued liabilities | 46 | 45 | 47 | 44 | 46 | |
| Total liabilities | 1,101 | 1,012 | 867 | 802 | 722 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.01 par value; 20,000,000 authorized; unissued | — | — | — | — | — | |
| Common stock, $0.01 par value; 100,000,000 shares authorized; 59,815,921 and 55,027,144 shares issued and outstanding, respectively | 598,000 | 550,000 | 540,000 | 467,000 | 467,000 | |
| Accumulated other comprehensive income (loss) | 0 | −2 | −4 | — | — | |
| Additional paid-in capital | 1,229 | 1,088 | 1,053 | 822 | 818 | |
| Dividends paid in excess of earnings | −158 | −125 | −94 | −63 | −74 | |
| Total stockholders equity | 1,072 | 962 | 956 | 760 | 745 | |
| Total liabilities and stockholders equity | 2,173 | 1,974 | 1,822 | 1,562 | 1,467 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net earnings | 79 | 71 | 60 | 90 | 63 | |
| Gains on dispositions of real estate | −8 | −6 | −5 | −16 | −17 | |
| Deferred rent receivable | −9 | −7 | −4 | −3 | −3 | |
| Recovery of allowance for credit loss on notes and mortgages receivable and direct financing leases | −67,000 | −177,000 | −189,000 | 50,000 | −132,000 | |
| Amortization of intangible market lease assets and liabilities | −3 | −143,000 | 41,000 | 14,000 | — | |
| Amortization of investment in direct financing leases | 5 | 6 | 6 | 5 | 5 | |
| Amortization of debt issuance costs | 2 | 2 | 1 | 946,000 | 1 | |
| Accretion expense | 300,000 | 400,000 | 600,000 | 1 | 2 | |
| Stock-based compensation expense | 7 | 6 | 6 | 5 | 4 | |
| Accounts receivable | 144,000 | 3 | −1 | −784,000 | 60,000 | |
| Prepaid expenses and other assets | −11 | 1 | −2 | −2 | −997,000 | |
| Environmental remediation obligations | −8 | −5 | −6 | −28 | −6 | |
| Accounts payable and accrued liabilities | 8 | 563,000 | −471,000 | −2 | −554,000 | |
| Net cash flow provided by operating activities | 127 | 131 | 105 | 93 | 87 | |
| Property acquisitions | −278 | −290 | −248 | −137 | −194 | |
| Capital expenditures | −429,000 | −878,000 | −309,000 | — | −271,000 | |
| Addition to construction in progress, net | 4,000 | −1 | −349,000 | −56,000 | −312,000 | |
| Proceeds from dispositions of real estate | 14 | 13 | 11 | 24 | 25 | |
| Deposits for property acquisitions | 7 | −3 | 4 | −8 | 3 | |
| Issuance of notes and mortgages receivable | −13 | −23 | −119 | −19 | −14 | |
| Collection of notes and mortgages receivable | 28 | 105 | 42 | 2 | 11 | |
| Net cash flow used in investing activities | −242 | −200 | −311 | −139 | −170 | |
| Borrowings from Credit Facility | 616 | 236 | 231 | 90 | 175 | |
| Repayments of Credit Facility | −449 | −164 | −291 | −80 | −140 | |
| Proceeds from Senior Unsecured Notes | 125 | — | 125 | 100 | — | |
| Proceeds from Term Loan | — | 75 | 75 | — | — | |
| Repayment of Term Loan | −150 | — | — | — | — | |
| Repayments of Senior Unsecured Notes | −50 | — | −75 | — | — | |
| Payments of finance lease liability | −156,000 | −265,000 | −297,000 | −487,000 | −645,000 | |
| Payments of cash dividends | −109 | −100 | −87 | −78 | −71 | |
| Payments of debt issuance costs | −5 | −145,000 | −3 | −611,000 | −3 | |
| Security deposits received (refunded) | 413,000 | 2 | −547,000 | 823,000 | −233,000 | |
| Payments in settlement of restricted stock units | −1 | −1 | −1 | −496,000 | −730,000 | |
| Proceeds from issuance of common stock, net - equity offering | 114 | −399,000 | 112 | — | — | |
| Proceeds from issuance of common stock, net - ATM Program | 22 | 31 | 114 | −207,000 | 92 | |
| Net cash flow provided by financing activities | 114 | 78 | 199 | 31 | 52 | |
| Change in cash, cash equivalents and restricted cash | −837,000 | 8 | −6 | −15 | −31 | |
| Interest | 43 | 38 | 29 | 27 | 24 | |
| Income taxes | 500,000 | 400,000 | 700,000 | 600,000 | 400,000 | |
| Environmental remediation obligations | 3 | 4 | 6 | 4 | 5 | |
| Dividends declared but not yet paid | 30 | 27 | 25 | 21 | 19 | |
| Issuance of notes and mortgages receivable related to property dispositions | 5 | 0 | — | 1 | 428,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GETTY REALTY CORP /MD/'s CIK number?
GETTY REALTY CORP /MD/'s SEC CIK number is 0001052752 (1052752). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GETTY REALTY CORP /MD/'s SEC filings?
All of GETTY REALTY CORP /MD/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GETTY REALTY CORP /MD/ last report earnings?
GETTY REALTY CORP /MD/ (GTY) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-170614). This is GETTY REALTY CORP /MD/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is GETTY REALTY CORP /MD/'s most recent earnings 8-K?
GETTY REALTY CORP /MD/'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001193125-26-170614. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GETTY REALTY CORP /MD/'s latest earnings 8-K →
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