UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of Principal Executive Offices) (Zip Code) (646) 349-6000 (Registrant's Telephone Number, Including Area Code) For the transition period from to Commission file number: 001-137 ...

Getty Realty Corp (NYSE:GTY) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Executive Vice President and Chief Operating Officer Brian Dickman - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Wes Golladay - Robert W. Baird Akhil Nagulapalli - J P Morgan Operator Good morning, and welc ...

CORPORATE PROFILE SAFE HARBOR STATEMENTS While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. Unknown or unpredictable factors could have material adverse effects on our business, financial condition, liquidity, results of operations and prospects. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any ...

COVERAGE FIXED CHARGE 4.2x 3.9% WTD. AVG. DEBT COST WTD. AVG. DEBT MATURITY 7.0 years 600 1200 1800 2400 $1,712 Unsecured Notes Common Equity $2,387 million $675 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 Unsecured Notes $50 $100 $125 $175 0 50 100 150 200 $100 $125 SUMMARY CAPITAL STRUCTURE DEBT MATURITY SCHEDULE ($M) Note: All data as of June 30, 2023, except Debt to Total Capitalization and Summary Capital Structure based on market value of common equity as of July 24, 2023. 22 CORPORATE RE ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-13777 GETTY REALTY CORP. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or ...

Getty Realty Corp (NYSE:GTY) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Executive Vice President Brian Dickman - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Todd Thomas - KeyBanc Capital Markets Mitchell Germain - JMP Securities Brett Reiss - Janney Montgomery Scott Operator Good ...

[PART I—FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%E2%80%94FINANCIAL%20INFORMATION) This section details the company's unaudited consolidated financial statements, management's analysis, market risk, and internal controls [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Unaudited Q1 2023 consolidated financial statements show asset growth, liability reduction, and a decline in net earnings [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) The balance sheet reflects an increase in total assets, primarily real estate, and a decrease in total liabilities due to debt repayment Consolidated Balance Sheet Summary (in thousands) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Real estate, net | $1,378,460 | $1,347,070 | | Cash and cash equivalents | $22,067 | $8,713 | | Total assets | $1,615,124 | $1,562,295 | | **Liabilities & Equity** | | | | Borrowings under credit agreement | $0 | $70,000 | | Senior unsecured notes, net | $673,218 | $623,492 | | Total liabilities | $778,916 | $802,445 | | Total stockholders' equity | $836,208 | $759,850 | | Total liabilities and stockholders' equity | $1,615,124 | $1,562,295 | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) The statement of operations reflects increased revenues from rental properties but a decline in net earnings due to reduced property disposition gains Consolidated Statement of Operations Summary (in thousands, except per share amounts) | Account | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Revenues from rental properties | $42,367 | $38,984 | | Total revenues | $43,020 | $39,321 | | Total operating expenses | $22,256 | $20,279 | | Gain on dispositions of real estate | $587 | $6,153 | | Operating income | $21,351 | $25,195 | | Net earnings | $14,082 | $18,749 | | Diluted earnings per common share | $0.28 | $0.39 | [Consolidated Statements of Cash Flows](index=5&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The cash flow statement shows increased operating and financing cash flows, offset by higher cash usage in investing activities Consolidated Statement of Cash Flows Summary (in thousands) | Cash Flow Activity | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net cash flow provided by operating activities | $22,420 | $20,830 | | Net cash flow used in investing activities | ($49,884) | ($7,916) | | Net cash flow provided by financing activities | $39,730 | $19,316 | | Change in cash, cash equivalents and restricted cash | $12,266 | $32,230 | [Notes to Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) These notes detail the company's net-lease REIT business, accounting policies, debt, environmental liabilities, and equity activities - Getty Realty operates as a net-lease REIT with a portfolio of **1,047 properties** across 39 states, primarily convenience and automotive retail sites[16](index=16&type=chunk)[17](index=17&type=chunk) - The company's top three tenants by revenue in Q1 2023 are ARKO Corp. (**16.0%**), Global Partners LP (**15.0%**), and APRO, LLC (**10.0%**)[58](index=58&type=chunk) - In Q1 2023, the company acquired **nine properties** for an aggregate of **$48.1 million**, primarily car washes and convenience stores[127](index=127&type=chunk) - The company settled **2,714,136 shares** under ATM forward sale agreements, generating **$83.0 million** in net proceeds during Q1 2023[116](index=116&type=chunk)[195](index=195&type=chunk) - As of March 31, 2023, **$23.0 million** has been accrued for environmental remediation obligations, covering known and estimated future liabilities[100](index=100&type=chunk)[211](index=211&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=25&type=section&id=Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%20%28MD%26A%29) Management discusses Q1 2023 revenue growth, decreased net earnings, increased AFFO, and strong liquidity supporting its investment strategy - The company's investment strategy focuses on acquiring and developing single-tenant retail properties, with **$60.7 million** invested across **26 properties** in Q1 2023[147](index=147&type=chunk)[148](index=148&type=chunk) FFO and AFFO Reconciliation (in thousands) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net earnings | $14,082 | $18,749 | | Funds from operations (FFO) | $24,445 | $23,262 | | Adjusted Funds from operations (AFFO) | $27,172 | $24,851 | | Diluted AFFO per share | $0.56 | $0.52 | - Q1 2023 rental income growth was primarily due to additional base rent from 2022 acquisitions, redevelopment rent commencements, and contractual increases[162](index=162&type=chunk) - As of March 31, 2023, the company maintained significant liquidity, including **$300.0 million** available under its Revolving Facility and expected proceeds of approximately **$146.9 million** from forward stock sales[176](index=176&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate exposure from its variable-rate revolving credit facility, with no outstanding borrowings as of March 31, 2023 - The company's primary market risk is interest rate exposure from its **$300.0 million** SOFR-based variable-rate revolving credit facility[220](index=220&type=chunk) - As of March 31, 2023, there were **no outstanding borrowings** under the variable-rate revolving credit facility[220](index=220&type=chunk) [Controls and Procedures](index=38&type=section&id=Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting in Q1 2023 - The CEO and CFO affirmed the effectiveness of the company's disclosure controls and procedures as of March 31, 2023[223](index=223&type=chunk) - No material changes occurred to internal control over financial reporting during Q1 2023[224](index=224&type=chunk) [PART II—OTHER INFORMATION](index=39&type=section&id=PART%20II%E2%80%94OTHER%20INFORMATION) This section covers legal proceedings, risk factors, other disclosures, and exhibits filed with the Form 10-Q [Item 1. Legal Proceedings](index=39&type=section&id=Item%201.%20Legal%20Proceedings) No new material legal proceedings or developments in previously disclosed matters have occurred since the 2022 Annual Report on Form 10-K - No new material legal proceedings or developments in previously disclosed matters have occurred since the 2022 Annual Report on Form 10-K[226](index=226&type=chunk) [Item 1A. Risk Factors](index=39&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's 2022 Annual Report on Form 10-K - No material changes have occurred to the risk factors disclosed in the company's 2022 Annual Report on Form 10-K[227](index=227&type=chunk) [Item 5. Other Information](index=39&type=section&id=Item%205.%20Other%20Information) No other information is reported under this item for the current period - There is no information to report under this item[228](index=228&type=chunk) [Item 6. Exhibits](index=40&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including agreements, confirmations, amendments, and officer certifications - Exhibits include agreements for the February 2023 ATM Program, follow-on offering, forward sale confirmations, and required CEO/CFO certifications[230](index=230&type=chunk)[232](index=232&type=chunk)

Getty Realty Corp. (NYSE:GTY) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Chief Operating Officer Brian Dickman - Chief Financial Officer Conference Call Participants Farrell Grant - Bank of American Operator Good morning, ladies and gentlemen and welcome to Getty Realty’s Earnings Conference Call for the First Quarter 2023. Thi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-13777 GETTY REALTY CORP. (Exact name of registrant as specified in its charter) Maryland 11-3412575 (State or other jurisdiction of incorporation or organization) (I.R.S. employe ...

Getty Realty Corp. (NYSE:GTY) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Chief Operating Officer Brian Dickman - Chief Financial Officer Conference Call Participants Brad Heffern - RBC Capital Markets Mitch Germain - JMP Securities LLC Operator Good morning, and welcome to Getty Realty’s Earnings Conference Call for the Four ...