Property Ownership and Investment - As of December 31, 2025, Getty Realty Corp. owned 1,145 properties and leased 29 properties, totaling 1,174 properties across 44 states and Washington, D.C.[29] - During the year ended December 31, 2025, Getty Realty invested approximately $273.0 million in convenience and automotive retail properties, acquiring 28 drive-thru quick service restaurants, 24 convenience stores, 15 automotive service centers, and nine express tunnel car washes[22] - Over the last five years, Getty Realty acquired 338 properties for an aggregate purchase price of approximately $1.1 billion[41] - The company completed 34 redevelopment and revenue-enhancing capital expenditure projects since the inception of its redevelopment program in 2015[43] - The company’s investment strategy includes pursuing sale leaseback transactions and providing forward commitments for new-to-industry construction[196] - The company’s properties are primarily leased to convenience store operators, petroleum distributors, and automotive-related tenants under triple-net leases[193] - The company’s portfolio is focused on well-located, freestanding properties that support automobility and provide convenience to consumers in major markets[197] Financial Performance - Net earnings for 2025 increased to $79,192,000, up from $71,064,000 in 2024, representing a growth of 2.0%[208] - Funds from operations (FFO) rose to $136,171,000 in 2025, compared to $123,976,000 in 2024, marking an increase of 9.2%[208] - Adjusted funds from operations (AFFO) reached $141,439,000 in 2025, up from $130,793,000 in 2024, reflecting an increase of 8.8%[208] - Revenues from rental properties totaled $219,585,000 in 2025, a rise of 10.5% from $198,669,000 in 2024[209] - Rental income increased to $207,300,000 in 2025, compared to $186,124,000 in 2024, showing a growth of 11.4%[210] - Total property costs decreased to $8,745,000 in 2025, down from $14,859,000 in 2024, a reduction of 41.1%[214] - General and administrative expenses increased to $27,268,000 in 2025, up from $25,265,000 in 2024, an increase of 7.9%[209] - Interest expense rose to $46,374,000 in 2025, compared to $39,272,000 in 2024, reflecting an increase of 18.5%[209] Risks and Challenges - The company faces significant risks related to real estate ownership and leasing, including competition, tenant performance, and environmental liabilities[55] - A substantial portion of the company's revenues is derived from tenants in the petroleum marketing industry, making it vulnerable to fluctuations in that sector[66] - The company is exposed to risks from tenants' financial distress, which could lead to vacancies and disruptions in rent receipts[62] - Environmental laws and regulations may impose significant costs and liabilities, adversely affecting profitability and financial condition[68] - The company competes with numerous real estate property owners, which may increase acquisition costs and impact future property purchases[61] - The reliance on un-rated tenants complicates the assessment of their creditworthiness, potentially increasing the risk of defaults[67] - The company may face challenges in renewing leases or re-leasing properties under less favorable terms due to economic conditions[62] - Changes in market conditions could adversely affect the market price of the company's publicly traded common stock[64] - The company is subject to risks associated with interest rate fluctuations, which could impact financing costs and investment strategies[58] - The potential for increased property taxes and environmental compliance costs could further strain the company's financial resources[55] - The company faces risks from inflation, which could negatively impact its variable rate debt and tenants' ability to pay rent if operating expenses exceed revenue increases[87] - Business disruptions from natural or man-made disasters could have serious adverse consequences on future revenue and financial condition[80] Legal and Environmental Matters - The company is subject to various lawsuits related to environmental matters, which could result in material losses and adversely affect its financial condition[78] - Environmental liabilities could cause a material adverse effect on the company's business, financial condition, results of operations, liquidity, ability to pay dividends, or stock price[77] - The company is involved in various legal proceedings related to environmental claims, which may exceed accrued amounts and impact financial conditions[155] - The EPA has designated the Lower Passaic River as a Superfund Site, with an estimated remediation cost of $1.38 billion for the lower 8.3 miles and $441 million for the upper 9 miles[164][163] - In December 2022, the company and 84 other settling parties agreed to pay a collective sum of $150 million to the EPA for remediation costs, which is in line with previously established legal reserves[168] - The allocation process determined that Occidental is responsible for over 99% of the costs related to the OU2 remedy, leading to settlement negotiations among the parties[167] - The company continues to defend against claims in the Occidental Lawsuit, which seeks cost recovery for response costs related to the Lower Passaic River[166] - The Modified Consent Decree, if upheld, will resolve the company's alleged liability for the remediation of the Lower Passaic River, but the outcome of ongoing appeals remains uncertain[172] Shareholder and Capital Management - The company aims to distribute at least 90% of its taxable income to stockholders annually to maintain its REIT status[19] - The company must distribute at least 90% of its net taxable income to maintain its REIT status, which may limit its ability to fund future capital needs solely from operational income[104] - The company relies on external sources of capital, which may not always be available on favorable terms, impacting its ability to execute significant acquisitions[104] - The company has filed a registration statement with the SEC to offer an indefinite amount of equity and debt securities, including common stock under its ATM Program[107] - Future dividend payments are at the discretion of the Board of Directors and may vary significantly, impacting the company's financial performance and stock price[122] - The company may experience material fluctuations in operating results, which could adversely affect its ability to pay dividends[124] - Future equity issuances could dilute existing shareholders' interests and affect earnings per share[125] - Forward sales agreements may result in substantial dilution to earnings per share and cash payment obligations[126] - In the event of bankruptcy, forward sales agreements would terminate, preventing the company from receiving expected proceeds[132] Cybersecurity and Internal Controls - The cybersecurity risk management program is integrated into the overall enterprise risk management program, ensuring comprehensive coverage across various risk areas[139] - The Audit Committee receives detailed quarterly reports on cybersecurity risks and significant incidents, ensuring oversight and timely updates to the Board of Directors[144] - The company has not experienced any cybersecurity incidents to date, but future incidents cannot be predicted, highlighting the importance of the cybersecurity risk management program[142] - The company has engaged external consultants for comprehensive cybersecurity assessments based on recognized frameworks, enhancing its risk management strategies[141] - The company’s internal controls over financial reporting are critical for reliable financial reporting, and any weaknesses could harm its reputation and operating results[96] Ownership Structure and Governance - The company's charter limits individual share ownership to 5.0% and 9.9%, which may deter large investors and affect potential takeover premiums[121] - Maryland law may discourage third-party acquisitions, potentially delaying or deterring changes in control[133]

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Shares of Getty Realty ( GTY ) have been a modest performer over the past year, gaining 1%. While underlying results have been strong, concerns about its reliance on capital market access and a car wash bankruptcy earlier last year weighed on the stock. PerformanceOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for a ...

Getty Realty (NYSE:GTY) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsBrian Dickman - CFOChristopher Constant - CEOJoshua Dicker - EVP, General Counsel, and SecretaryMark Olear - CIO and COORJ Ryan - SVP of AcquisitionsConference Call ParticipantsAlex Fijan - AnalystJana Galan - AnalystMichael Goldsmith - AnalystMitch Germain - AnalystUpal Rana - AnalystOperatorGood morning, and welcome to the Getty Realty fourth quarter 2025 earnings call. This call is being recorded. After the pr ...

Getty Realty (NYSE:GTY) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsBrian Dickman - CFOChristopher Constant - CEOJana Galan - DirectorJoshua Dicker - EVP, General Counsel, and SecretaryMark Olear - CIO and COOMitch Germain - Managing DirectorRJ Ryan - SVP of AcquisitionsConference Call ParticipantsAlex Fijan - AnalystUpal Rana - Senior Equity Research AnalystNone - AnalystOperatorGood morning, and welcome to the Getty Realty fourth quarter 2025 earnings call. This call is being r ...

Getty Realty (NYSE:GTY) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Speaker8Good morning, and welcome to the Getty Realty fourth quarter 2025 earnings call. This call is being recorded. After the presentation, there will be an opportunity to ask questions. Prior to starting the call, Joshua Dicker, Executive Vice President, General Counsel, and Secretary of the company, will read a safe harbor statement and provide information about the non-GAAP financial measures. Please go ahead, Mr. Dicker.Speake ...

C O N V E N I E N C E A U T O M O T I V E R E T A I L CORPORATE PROFILE and SUPPLEMENTAL INFORMATION FEBRUARY 2026 SAFE HARBOR STATEMENTS Forward Looking Statements Certain statements in this presentation constitute "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are statements that relate to management's expectations or beliefs, future plans and strategies, future financial performance and similar expressions concerning matters that are not histori ...

There is clear evidence that the stock market is nearing a top . As noted by Seeking Alpha analyst Erik Conley, the Put/Call ratio is well below its long-term average of 0.70, indicating investor overconfidence, and the 10-year TreasuryPhilip Eric Jones is a financial writer, educator, artist, and inspirational speaker. He writes about investing for retirement with a focus on Growth stocks and REITs. He is a contributor to the investing group iREIT®+HOYA Capital. The service features a team of analysts focu ...

Getty Realty Corp. (NYSE:GTY) is one of the Overlooked Small Cap Stocks to Buy Now. Getty Realty Corp. (NYSE:GTY) is set to release its fiscal Q4 2025 results on February 11, 2026. Wall Street expects the company to post quarterly revenue around $55.94 million, along with a GAAP EPS of $0.34. ​Recently on January 8, the company provided its 2025 business update and initial 2026 guidance. Management noted that in 2025 the company invested roughly $269 million at an initial cash yield of 7.9%. In Q4 2025 (t ...

Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to FFO of $0.6 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +2.44%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.61 per share when it actually produced FFO of $0.62, delivering a surprise of +1.64%.Over the last four quarter ...