Group 1 - Getty Realty (NYSE: GTY) has underperformed over the past year, losing approximately 13% of its value [1] - The company's reliance on capital market access to finance its growth ambitions has negatively impacted its stock performance [1]

Core Viewpoint - Getty Realty reported quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share, representing an FFO surprise of -1.67% [1][2] Financial Performance - The company posted revenues of $52.72 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.16%, compared to $48.72 million in the same quarter last year [2] - Over the last four quarters, Getty Realty has surpassed consensus FFO estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Getty Realty shares have declined approximately 9.5% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the coming quarter is $0.61 on revenues of $52.99 million, and for the current fiscal year, it is $2.41 on revenues of $210.76 million [7] - The estimate revisions trend for Getty Realty was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The REIT and Equity Trust - Other industry is currently in the bottom 37% of over 250 Zacks industries, which may impact stock performance [8]

Exhibit 99.1 FOR IMMEDIATE RELEASE GETTY REALTY CORP. ANNOUNCES SECOND QUARTER 2025 RESULTS - Reports $95 Million of Year-to-Date Investment Activity - - Increases 2025 Full Year Earnings Guidance - NEW YORK, NY, July 23, 2025 — Getty Realty Corp. (NYSE: GTY) ("Getty" or the "Company"), a net lease REIT focused on convenience and automotive retail real estate, announced today its financial and operating results for the quarter ended June 30, 2025. Second Quarter 2025 Highlights "Getty delivered another quar ...

Core Insights - Getty Realty Corp. reported a year-to-date investment activity of $95 million and increased its full-year 2025 earnings guidance [1][4][24] Financial Performance - For the second quarter of 2025, net earnings were $14.0 million, or $0.24 per share, compared to $16.7 million, or $0.30 per share in the same period of 2024 [6][42] - Funds From Operations (FFO) for the quarter were $27.8 million, or $0.49 per share, down from $30.5 million, or $0.55 per share year-over-year [6][42] - Adjusted Funds From Operations (AFFO) increased to $34.0 million, or $0.59 per share, compared to $32.2 million, or $0.58 per share in the prior year [6][42] Revenue and Income - Rental income for the quarter was $51.3 million, a 12.1% increase from $45.7 million in Q2 2024 [7][9] - Total revenues for the quarter reached $53.3 million, compared to $49.9 million in the same quarter of 2024 [42] Investment Activity - The company invested $66.1 million across 28 properties at an initial cash yield of 8.1% during the quarter, with an additional $18.5 million invested post-quarter [8][16] - As of July 23, 2025, Getty Realty has a committed investment pipeline exceeding $90 million for the development and acquisition of 36 properties [17] Portfolio Management - The company sold three properties for gross proceeds of $3.2 million during the quarter, recording a gain of $1.6 million [19] - As of June 30, 2025, Getty Realty's portfolio included 1,137 properties across 44 states and Washington, D.C. [29] Balance Sheet and Capital Structure - As of June 30, 2025, total outstanding indebtedness was $925 million, with $750 million in senior unsecured notes at a weighted average interest rate of 4.1% [20] - The company raised approximately $32.8 million through its at-the-market equity program during the quarter [21] Guidance - The company raised its 2025 AFFO guidance to a range of $2.40 to $2.41 per diluted share, up from the previous range of $2.38 to $2.41 [24]

Company Overview - Getty Realty (GTY) is a net lease REIT with over 1100 properties, focusing on the acquisition, financing, and development of convenience, automotive, and other single-tenant retail real estate [1] Investment Focus - The company specializes in single-tenant retail real estate, which includes sectors such as convenience stores and automotive services [1] Research Background - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities and technology, which informs their insights on investment opportunities [1]

Core Viewpoint - Getty Realty Corp. is set to release its financial results for Q2 2025 on July 23, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results for the second quarter ended June 30, 2025, will be disclosed after market hours on July 23, 2025 [1] - A conference call and webcast will be held on July 24, 2025, at 8:30 a.m. EDT to discuss the results [2] - A replay of the conference call will be available starting from July 24, 2025, at 11:30 a.m. EDT until August 7, 2025 [3] Group 2: Company Overview - Getty Realty Corp. is a publicly traded net lease REIT focused on convenience and automotive retail real estate [4] - As of March 31, 2025, the company’s portfolio consists of 1,119 freestanding properties across 42 states and Washington, D.C. [4]

Core Insights - Getty Realty Corp. has published its 2025 Corporate Responsibility Report, focusing on its environmental, social, and governance (ESG) policies and practices [1][2] - The report was prepared with the assistance of Antea® Group and aligns with frameworks from the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD) [1] Company Overview - Getty Realty Corp. is a publicly traded net lease REIT that specializes in the acquisition, financing, and development of convenience, automotive, and other single-tenant retail real estate [3] - As of March 31, 2025, the company's portfolio consists of 1,119 freestanding properties located in 42 states and Washington, D.C. [3]

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Property Portfolio - As of March 31, 2025, the company owned 1,088 properties and leased 31 properties from third-party landlords, totaling 1,119 properties across 42 states and Washington D.C.[152] - The weighted average remaining lease term as of March 31, 2025, was 10.0 years, with 1,115 properties leased under triple-net leases[154] - The company completed 32 redevelopment projects since the inception of its redevelopment program in 2015, enhancing property values[161] - The company had one property under active redevelopment as of March 31, 2025, with others in various stages of feasibility planning[162] Financial Performance - For the three months ended March 31, 2025, revenues from rental properties increased to $51.7 million, up from $47.2 million in the same period of 2024, representing a $4.5 million increase[170] - Funds from operations (FFO) for the three months ended March 31, 2025, were $31.7 million, compared to $29.6 million for the same period in 2024, reflecting an increase of $2.1 million[169] - Adjusted funds from operations (AFFO) for the three months ended March 31, 2025, were $33.8 million, compared to $31.4 million for the same period in 2024, indicating a growth of $2.4 million[169] - Rental income for the three months ended March 31, 2025, was $49,863,000, an increase of $5,807,000 (13.2%) compared to $44,056,000 for the same period in 2024[171] - Total revenues from rental properties for Q1 2025 were $51,706,000, up $4,491,000 (9.5%) from $47,215,000 in Q1 2024[171] Expenses and Liabilities - Interest expense increased to $11.7 million for the three months ended March 31, 2025, compared to $9.1 million in the same period of 2024, marking a $2.6 million rise[170] - Total property costs for Q1 2025 were $1,982,000, a decrease of $1,721,000 (46.4%) compared to $3,703,000 in Q1 2024[175] - Net cash flow provided by operating activities for Q1 2025 was $29,951,000, a decrease of $1,274,000 (4.1%) from $28,677,000 in Q1 2024[186] - The company removed $24.2 million of unknown reserve liabilities related to environmental obligations as of March 31, 2025[225] - The company maintains $11.8 million of unknown reserve liabilities for certain properties where Lookback Periods have expired[226] Debt and Financing - As of March 31, 2025, total debt amounts to $901.4 million, with significant components including a Credit Facility of $157.5 million maturing in January 2029 at an interest rate of 6.11%[202] - The company repaid its $150.0 million Term Loan in January 2025, recognizing approximately $0.9 million in unamortized debt issuance costs as interest expense[195] - The company issued $50.0 million of 5.70% Series T Guaranteed Senior Notes due February 22, 2032, to refinance existing debt[196] - The effective interest rate for $150.0 million borrowings under the Credit Facility, after accounting for interest rate swaps, is 6.13%[208] - An increase in market interest rates of 1.0% for 2025 would decrease the company's net income and cash flows by approximately $0.1 million[237] Environmental Obligations - The company is subject to various environmental regulations and has accrued liabilities based on estimated future costs for known remediation requirements[218] - As of March 31, 2025, the company accrued a total of $20.6 million for prospective environmental remediation obligations, consisting of $8.8 million of known reserve liabilities and $11.8 million of unknown reserve liabilities[228] - The company recorded a net accretion expense of $0.1 million for each of the three months ended March 31, 2025 and 2024, included in environmental expenses[229] - Capitalized asset retirement costs were $33.1 million as of March 31, 2025, including $25.0 million of known environmental obligations and $8.1 million of reserves for future environmental obligations[231] - The company believes that the fair value of future actual net expenditures for environmental liabilities could be substantially higher than currently recorded amounts[234] Capital Raising and Dividends - The company anticipates generating approximately $153.4 million in gross proceeds from 5.0 million shares of common stock subject to forward sales agreements[185] - The company completed a follow-on public offering of 4.0 million shares, expecting gross cash proceeds of approximately $121.2 million[203] - Regular quarterly dividends paid for Q1 2025 were $26.5 million, equating to $0.47 per share[214] - An at-the-market equity offering program was established with a potential aggregate sales price of up to $350.0 million[204] - During Q1 2025, the company settled 406,727 shares under the ATM program, realizing net proceeds of $11.0 million[210]

Financial Data and Key Metrics Changes - Getty Realty reported an annualized base rent (ABR) of approximately $199 million, reflecting an increase of 11.2% compared to $179 million in the prior year [9][25] - The company generated adjusted funds from operations (AFFO) per share of $0.59, marking a 3.5% increase from the previous year's quarterly result [9][24] - General and administrative (G&A) expenses as a percentage of total revenue improved by 40 basis points to 13.2% [25] - Net debt to EBITDA ratio was reported at 5.2%, with a target leverage of 4.5% to 5.5% [26][27] Business Line Data and Key Metrics Changes - The convenience and automotive retail sectors showed resilience, with strong performance from tenants despite macroeconomic challenges [10][12] - Rent coverage for convenience store assets remained consistent, while car wash sector rent coverage increased [11] - The company invested $10.9 million across six properties during the quarter, achieving an initial cash yield of 7.8% [18] Market Data and Key Metrics Changes - The portfolio included 1,115 net leased properties with an occupancy rate of 99.7% [17] - 61% of ABR came from the top 50 metropolitan statistical areas (MSAs), and 76% from the top 100 MSAs [17] - The investment pipeline was increased to over $110 million, with a solid distribution across target sectors [14] Company Strategy and Development Direction - The company remains committed to a disciplined acquisition strategy, focusing on high-density metro areas and creditworthy operators under long-term leases [15] - The relationship-based sale-leaseback strategy is expected to generate continued opportunities in the convenience and automotive retail sectors [16] - The company is actively monitoring tenant performance and exploring new investment opportunities despite market volatility [15][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged significant economic and political uncertainty affecting transaction and capital markets, but remains focused on sourcing opportunities that align with their investment thesis [15] - The anticipated resolution of the Zips Car Wash bankruptcy is expected to be within the range of outcomes previously outlined in the company's guidance [100] - Management reaffirmed an AFFO per share guidance range of $2.38 to $2.41 for 2025, factoring in potential adjustments related to Zips [33] Other Important Information - The company has over $450 million in total liquidity, including unsettled forward equity capacity and cash [31] - The weighted average cost of debt was reported at 4.5%, with no debt maturities until June 2028 [30] Q&A Session Summary Question: Can you describe the cadence of capital deployment in the next nine to 12 months for the $110 million investment pipeline? - Management indicated that about two-thirds of the pipeline consists of development funding, typically taking nine to 12 months for completion [37] Question: Given the macro uncertainty, could you describe the development demand today? - Management noted ongoing discussions with operators looking to accelerate new store growth programs in 2025, but clarity on the situation is still developing [40] Question: How should we think about the timing of Zips rent income hitting the income statement? - Management expects the resolution of Zips-related income to be completed by the end of the second quarter, with minimal downtime anticipated [53] Question: Have you seen any impact from tariffs on your existing tenant base? - Management stated that the impact of tariffs is still uncertain, but tenants provide essential goods and services, which may mitigate risks [60] Question: What is your expectation on where the cap rates could trend in Q2? - Management indicated no substantial movement in cap rates has been observed, with a focus on maintaining a strong pipeline of transactions [67] Question: Can you talk about the credit profile of your new car wash tenants? - Management confirmed that new tenants are established operators familiar with the markets, which is expected to enhance performance [76] Question: How does the outcome of the Zips situation compare to underwriting new investments? - Management emphasized that the underwriting process remains robust, and the recovery from the Zips event does not alter their approach to future investments [119]