Getty Realty acquires 12 convenience stores in Houston, Texas

Core Insights - Getty Realty has acquired 12 convenience stores in Houston, Texas, for $100 million in a sale-leaseback deal with Now & Forever [1][2] - The properties average over 8,000 square feet and are located in key retail areas of Houston [1] - Getty Realty has established a long-term net lease with Now & Forever, featuring a 15-year initial term and scheduled rent increases every five years [2] Financial Performance - As of June 30, 2025, Getty Realty's portfolio consists of 1,137 properties across 44 states and Washington DC [3] - The company invested $233 million in convenience and automotive retail assets in the year leading up to October, achieving a 7.9% initial cash yield [3] - For the second quarter of 2025, Getty Realty reported net earnings per share (EPS) of $0.24 [3] Strategic Outlook - Getty Realty's president and CEO highlighted positive business momentum, including new investment opportunities and an increase in full-year 2025 earnings guidance [4] - The company is well-positioned for the second half of 2025 due to a strong balance sheet and liquidity [4]