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Getty Realty Corp. Announces the Acquisition of $100 Million Houston Convenience Store Portfolio

1. GTY acquired 12 convenience stores for $100 million. 2. The lease has a 15-year term with renewal options and rent increases. 3. YTD, GTY invested $233 million in retail assets at a 7.9% yield. 4. Properties are strategically located in high-income areas of Houston. 5. GTY's portfolio includes 1,137 properties across 44 states.

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$26.7110/06 08:09 AM EDTEvent Start
$26.59510/06 10:51 AM EDTLatest Updated
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Why Bullish?

The acquisition enhances GTY's asset base, potentially increasing revenue and attractiveness to investors. Historical precedents suggest similar investments have led to positive stock performance.

How important is it?

The substantial investment represents a strategic move that can positively influence GTY's future cash flow and overall investment appeal.

Why Long Term?

The 15-year lease offers sustained cash flow, likely enhancing GTY's stability and attractiveness over time, in contrast to short-term fluctuations.

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Reports $233 Million of Year-to-Date Investment Activity October 06, 2025 08:00 ET  | Source: Getty Realty Corp. NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today the closing of a sale leaseback transaction under which the Company acquired 12 convenience stores for $100 million, and simultaneously entered into a long-term, unitary net lease with a subsidiary of Now & Forever, a privately-owned, regional convenience store chain located in Houston, TX. The acquired properties are located on prominent corners along major retail corridors in the West and Southwest submarkets of Houston, TX. The convenience stores average more than 8,000 SF, include branded or private label made-to-order food offerings, and benefit from the cohesive network of locations that Now & Forever has strategically assembled in higher income submarkets of the Houston metropolitan area. The unitary lease provides for an initial term of 15 years, with multiple renewal options, and rent increases every five years. Year to date, the Company has invested approximately $233 million in convenience and automotive retail assets at a 7.9% initial cash yield, including the announced transaction and approximately $56 million invested during the quarter ended September 30, 2025. About Getty Realty Corp. Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of June 30, 2025, the Company’s portfolio included 1,137 freestanding properties located in 44 states across the United States and Washington, D.C. Forward-Looking Statements Certain statements contained herein may constitute “forward-looking statements” within the meaning of the private securities litigation reform act of 1995. When the words “believes,” “expects,” “plans,” “projects,” “estimates,” “anticipates,” “predicts,” “outlook” and similar expressions are used, they identify forward-looking statements. These forward-looking statements are based on management’s current beliefs and assumptions and information currently available to management and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements Information concerning factors that could cause the company’s actual results to differ materially from these forward-looking statements can be found elsewhere from this press release, including, without limitation, those statements in the company’s periodic reports filed with the securities and exchange commission. The company undertakes no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events. Contacts: Brian Dickman Investor Relations  Chief Financial Officer (646) 349-0598  (646) 349-6000 ir@gettyrealty.com

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