Getty Realty Corp. (NYSE: GTY) Provides 2025 Business Update
New York, January 8, 2026 (GLOBE NEWSWIRE) — Getty Realty Corp. (NYSE: GTY), a prominent net lease REIT focusing on convenience and automotive retail real estate, has released a comprehensive update on its investment activities for 2025. The company has also outlined its initial earnings guidance for 2026, solidifying its strategic direction in the coming year.
Investment Activity Highlights
In 2025, Getty Realty Corp. invested approximately $269 million at a robust initial cash yield of 7.9%. This investment included:
- 26 drive-thru quick service restaurants
- 25 convenience stores
- 12 express tunnel car washes
- 10 auto service centers
During the fourth quarter alone, the company allocated around $135 million for additional investments, maintaining the same initial cash yield of 7.9%. The December 31, 2025 investment pipeline stands at over $75 million, aimed at developing and acquiring 28 retail assets.
Capital Markets Developments
In November 2025, Getty Realty Corp. successfully closed a private placement of $250 million in senior unsecured notes, fixed at a rate of 5.76%, set to mature on January 22, 2036. This issuance will primarily be utilized to repay outstanding amounts under the company's $450 million unsecured revolving credit facility.
For the quarter ending December 31, 2025, the company handled the settlement of approximately 2.1 million shares of common stock, generating net proceeds of about $59 million. Additionally, Getty Realty entered new forward sale agreements, aiming to raise approximately $13 million from the sale of 0.4 million shares of common stock.
2026 Earnings Guidance
Getty Realty has set its initial guidance for 2026 at an Adjusted Funds From Operations (AFFO) range of $2.48 to $2.50 per diluted share. This outlook factors in the company's completed transactions, the impact of the recent notes issuance, and the repayment of the revolving credit facility but excludes potential future acquisitions and financial activities. The **AFFO** metric is a non-GAAP measure that underscores the company’s operational efficiency in the real estate sector.
Leadership Insight
Christopher J. Constant, the CEO of Getty Realty Corp., expressed satisfaction with the company's performance, stating, “I’m very pleased with how we navigated the year, particularly our robust fourth quarter activity. We’re well positioned going into 2026 with a healthy portfolio, a substantial investment pipeline, and a strong capital position, including significant liquidity and no debt maturities until 2028.”
About Getty Realty Corp. (GTY)
Getty Realty Corp. is a publicly traded net lease REIT with a focus on the acquisition, financing, and development of convenience, automotive, and other single-tenant retail real estate properties. As of December 31, 2025, the company owned 1,174 freestanding properties across 44 states and Washington, D.C.
Understanding Non-GAAP Financial Measures
Getty Realty emphasizes Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) as essential metrics for assessing performance. While these measures provide critical insight into operational effectiveness, they do not substitute GAAP-based results, nor do they represent cash generated from operating activities as defined by traditional accounting principles.