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 APRIL 2025 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 ...

Financial Data and Key Metrics Changes - Getty Realty reported an annualized base rent (ABR) of approximately $199 million, reflecting an 11.2% increase from $179 million in the prior year [7][18] - The company generated adjusted funds from operations (AFFO) per share of $0.59, a 3.5% increase compared to the same quarter last year [17][18] - General and administrative expenses (G&A) as a percentage of total revenue improved by 40 basis points to 13.2% [18] Business Line Data and Key Metrics Changes - The convenience and automotive retail sectors showed resilience, with strong performance from tenants despite macroeconomic challenges [7][8] - Rent coverage for convenience store assets remained consistent, while car wash sector rent coverage increased [8] - The company invested $10.9 million across six properties with an initial cash yield of 7.8% during the quarter [13] Market Data and Key Metrics Changes - The portfolio included 1,115 net leased properties with an occupancy rate of 99.7% and a weighted average lease term of ten years [12] - Approximately 61% of ABR came from the top 50 metropolitan statistical areas (MSAs) [12] Company Strategy and Development Direction - Getty Realty aims to maintain a disciplined acquisition strategy focused on high-density metro areas with creditworthy operators under long-term leases [11] - The company is committed to sourcing opportunities that align with its investment thesis, despite current market volatility [10] - The investment pipeline was increased to over $110 million, with a focus on development funding transactions [9][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of their tenant base, which provides essential goods and services [7] - The company reaffirmed its AFFO per share guidance for 2025 in the range of $2.38 to $2.41, factoring in the anticipated resolution of the ZiPS situation [23] - Management noted that the economic and political uncertainty has created headwinds for closing deals but remains optimistic about sourcing new opportunities [10][23] Other Important Information - The company has no debt maturities until June 2028, with a weighted average debt maturity of 5.4 years and a cost of debt at 4.5% [21][22] - The company received all rent due through April 2025 from ZiPS, except for the period surrounding its bankruptcy filing [22] Q&A Session Summary Question: Can you describe the cadence of capital deployment in the next nine to twelve months for the $110 million investment pipeline? - Management indicated that about two-thirds of the pipeline consists of development funding, typically taking nine to twelve months for completion, while sale leaseback activity is expected within the next quarter [25][26] Question: Given the macro uncertainty, what is the current development demand? - Management noted ongoing discussions with operators looking to accelerate new store growth programs in 2025, but clarity on the situation is still developing [27] Question: How should we think about the timing of ZiPS rent income hitting the income statement? - Management expects the resolution of the ZiPS situation by the end of the second quarter, with continuity of rent for sites remaining with ZiPS [36][37] Question: Have you seen any impact from tariffs on your existing tenant base? - Management stated that the impact of tariffs is still uncertain, but their assets are not heavily reliant on manufacturing, which may mitigate direct effects [42] Question: What is your appetite for QSR investments going forward? - Management indicated that while QSRs currently represent a small portion of the portfolio, they are pleased with the progress made in developing relationships in this sector [75]

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 [7][18] - 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 [17][23] - General and administrative expenses (G&A) as a percentage of total revenue improved by 40 basis points to 13.2% [18] Business Line Data and Key Metrics Changes - The convenience and automotive retail sectors showed resilience, with strong performance from tenants despite macroeconomic challenges [7][8] - Rent coverage for convenience store assets remained consistent, while car wash sector rent coverage increased [8] - The company invested $10.9 million across six properties with an initial cash yield of 7.8% during the quarter [13] Market Data and Key Metrics Changes - The portfolio included 1,115 net leased properties with an occupancy rate of 99.7% and a weighted average lease term of ten years [12] - Approximately 61% of ABR came from the top 50 metropolitan statistical areas (MSAs) [12] Company Strategy and Development Direction - Getty Realty remains committed to a disciplined acquisition strategy, focusing on high-density metro areas and creditworthy operators under long-term leases [11] - The company aims to increase its investment pipeline, which currently exceeds $110 million, with a focus on development funding transactions [10][15] - The strategic focus includes diversifying into new sectors such as quick-service restaurants (QSR) while maintaining a small percentage of the overall portfolio [75] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the macroeconomic uncertainty affecting transaction and capital markets but expressed confidence in sourcing opportunities that align with their investment thesis [10][23] - The company reaffirmed its AFFO per share guidance for 2025, anticipating a range of $2.38 to $2.41 [23] Other Important Information - The company has no debt maturities until June 2028, with a weighted average debt maturity of 5.4 years and a weighted average cost of debt at 4.5% [21][22] - The company has received all rent due through April 2025 from Zips, which filed for bankruptcy in February [22] Q&A Session Summary Question: Can you describe the cadence of capital deployment in the next nine to twelve months for the $110 million investment pipeline? - Management indicated that about two-thirds of the pipeline consists of development funding, typically taking nine to twelve months from signing to completion [25][26] Question: Given the macro uncertainty, what is the current development demand? - Management noted ongoing discussions with operators looking to accelerate new store growth programs in 2025, but clarity is still needed as the year progresses [27] Question: How should we think about the timing of ZiPS rent income hitting the income statement? - Management expects the resolution of ZiPS to be completed by the end of the second quarter, with continuity of rent for sites remaining with ZiPS [36][37] Question: What impact have tariffs had on the existing tenant base? - Management stated that the impact of tariffs is still uncertain, but discussions with tenants are ongoing to assess potential effects [41] Question: What is the credit profile of new car wash tenants? - Management confirmed that the new tenants are established operators familiar with the markets of the properties [49][50] Question: How does the outcome of the ZiPS situation compare to underwriting new investments? - Management expressed confidence in their underwriting process, stating that the recovery from the ZiPS event does not alter their approach to future investments [80][82]

Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.59 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.57 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.59 per share when it actually produced FFO of $0.60, delivering a surprise of 1.69%.Over the last four quarters, the company has surpassed consensus FFO estimates three times.Getty Rea ...

Financial Performance - Net earnings for Q1 2025 were $0.25 per share, down from $0.30 per share in Q1 2024[7] - Funds From Operations (FFO) increased to $0.56 per share, compared to $0.53 per share in the same period last year[7] - Adjusted Funds From Operations (AFFO) rose to $0.59 per share, up from $0.57 per share in Q1 2024[7] - The Company reported total revenues of $52,330,000 for the three months ended March 31, 2025, an increase of 6.9% compared to $48,970,000 for the same period in 2024[44] - Funds from operations (FFO) for the first quarter of 2025 were $31,668,000, up from $29,611,000 in the first quarter of 2024, representing a 6.9% increase[45] - Adjusted Funds from Operations (AFFO) increased to $33,797,000 in Q1 2025 from $31,403,000 in Q1 2024, reflecting an increase of 7.6%[45] - The Company’s net earnings for Q1 2025 were $14,786,000, a decrease of 11.6% from $16,723,000 in Q1 2024[44] - Basic net earnings per common share decreased to $0.25 in Q1 2025 from $0.30 in Q1 2024[44] Revenue and Income Growth - Base rental income grew by 13.0% to $49.6 million, driven by revenue from recently acquired properties and contractual rent increases[9] Investment and Capital Management - The company has a committed investment pipeline exceeding $110 million for the development and/or acquisition of 29 properties[5][17] - The company invested $10.9 million in Q1 2025 at a 7.8% initial cash yield across six properties[5] - The company sold two properties for gross proceeds of $0.5 million, recording a gain of $0.3 million[20] Debt and Cash Position - Total outstanding indebtedness as of March 31, 2025, was $907.5 million, with no debt maturities until June 2028[21] - As of March 31, 2025, the company had $6.3 million in available cash and $7.4 million in 1031 disposition proceeds in escrow[22] - Total assets as of March 31, 2025, were $1,969,635,000, slightly down from $1,973,680,000 as of December 31, 2024[42] - Total liabilities decreased to $1,008,515,000 as of March 31, 2025, compared to $1,011,597,000 at the end of 2024[42] - The Company’s cash and cash equivalents decreased to $6,292,000 as of March 31, 2025, from $9,484,000 as of December 31, 2024[42] Guidance and Future Outlook - The company reaffirmed its 2025 AFFO guidance of $2.38 to $2.41 per diluted share[27] - Forward-looking statements include guidance for 2024 AFFO per share, reflecting management's current beliefs and assumptions[39] - The Company emphasized the importance of AFFO as a measure of core operating performance and its utility in comparing sustainability with other real estate companies[38]

- Committed Investment Pipeline Exceeds $110 Million - - No Debt Maturities Until June 2028 - - Reaffirms 2025 Earnings Guidance - NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- 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 March 31, 2025. First Quarter 2025 Highlights Net earnings: $0.25 per shareFunds From Operations (“FFO”): $0.56 per shareAdjuste ...

Tariffs potentially pushing us into a recession, slower GDP growth, and expected stagflation will likely weigh on businesses in the near term, even ones deemed recession resistant.Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who e ...

NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY), a net lease REIT focused on convenience and automotive retail real estate, will release its financial results for the first quarter ended March 31, 2025 after the market closes on Wednesday, April 23, 2025. Getty Realty Corp. will host a conference call and webcast on Thursday, April 24, 2025, at 8:30 a.m. EDT. To participate in the call, please dial 1-877-423-9813, or 1-201-689-8573 for international participants, ten minutes befo ...

Core Insights - Getty Realty (NYSE: GTY) has outperformed the real estate market despite high-interest rates, indicating strong resilience and performance [1] - The company primarily leases convenience stores, car washes, and auto service centers, showcasing a diversified portfolio within the real estate investment trust (REIT) sector [1] Company Overview - Getty Realty is an American REIT that focuses on leasing properties related to essential services, which may provide stability in revenue generation [1] - The company manages a significant number of properties, contributing to its robust operational performance [1] Market Context - The real estate market is currently facing challenges due to elevated interest rates, which typically pressure property values and investment returns [1] - Despite these market conditions, Getty Realty has managed to perform better than its peers, highlighting its competitive advantage [1]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - Conglomerates face management challenges, with successful examples being rare, such as Berkshire Hathaway compared to General Electric [2] Group 2 - The article emphasizes the importance of due diligence and independent conclusions for investors [4][5]