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Getty Realty Corp. Announces Management Transition

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- Mark J. Olear to Retire – - Robert J. Ryan Promoted to Chief Investment Officer – NEW YORK, Jan. 2...

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AI Summary

Getty Realty Corp. announced that Mark Olear is retiring on February 27, 2026, with Robert J. Ryan promoted to succeed him as Chief Investment Officer. The transition reflects confidence in leadership continuity which could boost investor sentiment and stability in Getty’s strategic direction.

Sentiment Rationale

Leadership transitions often stabilize investor confidence, especially in established companies like Getty. Historical examples show positive investor reactions to similar transitions, particularly with capable successors.

Trading Thesis

GTY is a buy opportunity in anticipation of a positive leadership transition impacting growth.

Market-Moving

  • Transition in leadership may lead to revitalized investment strategies.
  • Ryan's tenure could enhance market confidence and stabilize stock performance.
  • Streamlined management structure could improve operational efficiency.
  • Continued focus on strategic property acquisitions may drive revenue growth.

Key Facts

  • Mark Olear will retire effective February 27, 2026.
  • Robert J. Ryan promoted to Chief Investment Officer.
  • COO position will not be backfilled, streamlining management.
  • Ryan's leadership since 2018 strengthens investor confidence.
  • Getty's portfolio includes 1,174 properties across 44 states.

Companies Mentioned

  • Marx Realty (N/A): Ryan's previous role there bolsters his real estate expertise.
  • Macerich (MAC): Ryan's experience enhances confidence in Getty's developmental capabilities.

Corporate Developments

This news falls under 'Corporate Developments' as it involves significant leadership changes. Leadership transitions can impact strategic direction, potentially affecting investor sentiment and operational performance.

Getty Realty Corp. Announces Significant Management Transition

New York, January 20, 2026 — Getty Realty Corp. (NYSE: GTY) has today confirmed a pivotal management transition as Mark J. Olear prepares to retire on February 27, 2026. Olear, who has held the roles of Executive Vice President, Chief Investment Officer, and Chief Operating Officer, will be succeeded by Robert J. (“RJ”) Ryan, current Senior Vice President of Acquisitions. This announcement highlights Getty's ongoing commitment to strengthening its leadership team within the net lease REIT sector, focusing on convenience and automotive retail real estate.

Retirement of Mark J. Olear

Mark J. Olear’s retirement marks the end of a distinguished career spanning over 40 years in real estate. Christopher J. Constant, President and Chief Executive Officer of Getty, praised Olear’s significant contributions: “Mark has led the transformation of our portfolio over the last decade and positioned us for continued success.” His leadership and mentorship have proven invaluable, and he will be greatly missed by the organization.

Promotion of RJ Ryan

Following Olear's retirement, RJ Ryan has been appointed as the new Chief Investment Officer. Since joining Getty in March 2016, Ryan has made substantial contributions, notably leading the acquisitions team since 2018. Upon his promotion to Senior Vice President of Acquisitions in February 2023, Ryan has expressed gratitude for the opportunity, stating, “I am honored to step into this role and thank the Board of Directors for the trust they have placed in me.”

Leadership Experience and Future Outlook

RJ Ryan's prior experience includes notable positions at Marx Realty and Macerich, where he honed his skills in asset management and real estate development. His leadership is expected to facilitate Getty's growth and diversification strategies concerning its portfolio of convenience and automotive retail properties.

Both Ryan and Olear will work together during the transition period to ensure a seamless handover of responsibilities. After his retirement, Olear will continue to support Getty by providing advisory and consulting services.

Company Overview

Getty Realty Corp. is a publicly traded net lease REIT specializing in the acquisition, financing, and development of real estate properties focused on convenience and automotive retail. As of December 31, 2025, Getty’s portfolio includes 1,174 freestanding properties located across 44 states and Washington, D.C., positioning the company for sustained growth in a competitive market.

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