Financial Data and Key Metrics Changes - Base rental income grew by 7.7% for the quarter [12] - Adjusted funds from operations (AFFO) increased by 6.7%, with AFFO per share rising to $0.54 [12][35] - Total revenues increased by 4.7% to $42 million for the quarter [35] - Year-to-date investment exceeded $80 million, with approximately $21 million invested in Q3 [12][23] - The company raised its 2022 AFFO guidance to a range of $2.12 to $2.13 per share [18][47] Business Line Data and Key Metrics Changes - The portfolio includes 1,013 net lease properties, with an overall occupancy rate of 99.6% [22] - The weighted average lease term was 8.6 years [22] - The initial cash yield for investment activity in Q3 was approximately 6.7% [25] - 84% of investments were from new sale-leaseback transactions, while 16% were from development funding [27] Market Data and Key Metrics Changes - 65% of annualized base rents come from the top 50 metropolitan statistical areas (MSAs) in the US [22] - The trailing 12-month tenant rent coverage ratio was 2.7 times [22] - The company is seeing upward pressure on cap rates, indicating a changing market environment [50][51] Company Strategy and Development Direction - The strategy emphasizes owning high-quality real estate and partnering with growing regional and national operators in convenience and automotive retail sectors [16] - The company aims to diversify its portfolio while remaining disciplined in an evolving marketplace [16] - The investment pipeline has increased to over $150 million, focusing on convenience stores, auto service centers, and car wash properties [13][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position despite challenging macroeconomic conditions [20] - The company is open for business and actively sourcing investment opportunities [19] - The board approved a 4.9% increase in the quarterly dividend, reflecting growth prospects for 2023 [17] Other Important Information - The company ended the quarter with $625 million in total debt, with no floating rate debt exposure [39] - Environmental liabilities decreased significantly to $29.2 million, primarily due to the removal of unknown reserve liabilities [45] - The company continues to pursue dispositions of non-competitive properties to recycle capital [32] Q&A Session Summary Question: Trends in asset pricing and expected yields - Management noted upward pressure on cap rates, with forward commitments expected to be 20 basis points higher than year-to-date activity [50][51] Question: Characterization of the $150 million pipeline - The company continues to see good activity across all verticals, with a focus on maintaining diversity within retail automotive sectors [52] Question: Cadence of closing for the $150 million pipeline - About 55% of the pipeline is development funding, likely backend weighted, while 45% is regular sale-leaseback activity expected to close sooner [64] Question: Competitive environment for transactions - The competitive environment remains strong, with opportunities still available despite changing pricing dynamics [66][69]

C ONVENIENCE A UTOMOTIVE R ETAIL CORPORATE PROFILE OCTOBER 2022 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 historical facts. In some cases, forward-looking statement ...

Financial Data and Key Metrics Changes - Base rental income grew by 8.1% to $36.8 million for Q2 2022, while adjusted funds from operations (AFFO) increased by 8.3%, reaching $0.53 per share, a year-over-year increase of 1.9% from $0.52 per share in Q2 2021 [9][23][24] - Total revenues for Q2 2022 were $41.2 million, reflecting a year-over-year increase of 6.5% [24] - General and administrative costs rose to $5.3 million, an increase of $200,000 compared to Q2 2021 [25] Business Line Data and Key Metrics Changes - The company invested approximately $59 million in the first half of 2022, with over $50 million invested in Q2 alone [10] - The rent coverage ratio increased slightly to 2.7x, indicating strong tenant performance [13][15] Market Data and Key Metrics Changes - The convenience store sector experienced a record year in 2021, with foodservice sales and gross profits growing approximately 18% [12] - Loyalty programs in the convenience store sector have more than doubled to nearly 70% over the last two years, driving customer engagement [12] Company Strategy and Development Direction - The company continues to focus on high-quality real estate and partnerships with growing retail and national operators in the convenience and automotive retail sectors [11] - The investment strategy emphasizes sourcing opportunities in strong metropolitan markets while maintaining a disciplined approach [11][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its investment strategy despite evolving market conditions [11] - The company maintains its 2022 AFFO guidance of $2.10 to $2.12 per share, reflecting completed transaction activity to date [31] Other Important Information - The company ended Q2 2022 with $625 million in total debt, with a weighted average interest rate of 4.1% and no debt maturities until 2025 [27][28] - Environmental liabilities decreased significantly to $29.5 million, down over $18 million from the end of 2021, primarily due to the removal of unknown reserve liabilities [30] Q&A Session Summary Question: What is the expected yield on the $125 million portfolio of development and acquisition properties? - Management indicated that the expected yields are above the 6.6% cap rate on year-to-date investments, with a range from 20 to 100 basis points premium [33][35][36] Question: How is the investment pipeline looking for near-term opportunities? - Management noted a consistent and growing pipeline, with a healthy number of opportunities across various asset classes [40] Question: Can you provide insights on the balance of environmental liabilities? - The balance at June 30 was $29.5 million, with about $10.6 million as known liabilities and the remainder as unknown reserve liabilities, which are expected to decrease further as look-back periods expire [42] Question: Why did the guidance not increase despite recent acquisitions? - Management clarified that the guidance includes completed transactions as of the call date, and the incremental activity did not significantly impact the range [44] Question: What is the split between convenience store and carwash transactions in the $125 million portfolio? - The majority of the $125 million is weighted towards carwash properties, approximately 75% to 80% [59]

Getty Realty Corp. (NYSE:GTY) Q1 2022 Results Conference Call April 28, 2022 8:30 AM ET Company Participants Joshua Dicker - EVP, General Counsel and Secretary Christopher Constant - CEO Mark Olear - EVP and COO Brian Dickman - EVP, CFO and Treasurer Conference Call Participants Todd Thomas - KeyBanc Capital Markets Brad Heffern - RBC Capital Markets Sarah Barcomb - BTIG Joshua Dennerlein - Bank of America Wes Golladay - Baird Mitch Germain - JMP Securities John Massocca - Ladenburg Thalman Operator Good mo ...

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 APRIL 2022 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 historical facts. In some cases, forwar ...

Start Time: 08:30 January 1, 0000 9:05 AM ET Getty Realty Corp. (NYSE:GTY) Q4 2021 Earnings Conference Call February 24, 2022, 08:30 AM ET Company Participants Christopher Constant - President and CEO Mark Olear - EVP and COO Brian Dickman - EVP, CFO and Treasurer Joshua Dicker - EVP, General Counsel and Secretary Conference Call Participants Brad Heffern - RBC Capital Markets Todd Thomas - KeyBanc Capital Markets Wes Golladay - Robert W. Baird James Allen Villard - Ladenburg Thalmann Operator Good morning ...

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 FEBRUARY 2022 SAFE HARBOR STATEMENT 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 historical facts. In some cases, forw ...

C ONVENIENCE A UTOMOTIVE R ETAIL CORPORATE PROFILE Q3 2021 SAFE HARBOR STATEMENT 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 historical facts. In some cases, forward-looking statements can be identified by the use of ...

Getty Realty Corp. (NYSE:GTY) Q3 2021 Earnings Conference Call October 28, 2021 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - Chief Executive Officer Mark Olear - Chief Operating Officer Brian Dickman - Chief Financial Officer and Treasurer Conference Call Participants Brad Heffern - RBC Capital Markets Todd Thomas - KeyBanc Capital Markets John Massocca - Ladenburg Thalmann & Co. Wes Golladay - Robert W. Baird Operator Good mo ...

Getty Realty Corp. (NYSE:GTY) Q2 2021 Earnings Conference Call July 29, 2021 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President Christopher Constant - Chief Executive Officer Mark Olear - Chief Operating Officer Brian Dickman - Chief Financial Officer Conference Call Participants Todd Thomas - KeyBanc John Massocca - Ladenburg Thalmann Joshua Dennerlein - Bank of America Operator Good morning, and welcome to Getty Realty’s Earnings Conference Call for the Second Quarter of 2021. This c ...