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]

Core Insights - Getty Realty Corp. has completed a sale leaseback transaction acquiring 12 convenience stores for $100 million, entering into a long-term net lease with Now & Forever [1][2] - The company has invested approximately $233 million year-to-date in convenience and automotive retail assets, achieving a 7.9% initial cash yield [3] Investment Activity - The acquired convenience stores are strategically located in high-income submarkets of Houston, TX, averaging over 8,000 square feet and offering made-to-order food options [2] - The lease agreement has an initial term of 15 years with multiple renewal options and rent increases every five years [2] Company Overview - Getty Realty Corp. is a publicly traded net lease REIT focused on convenience, automotive, and single-tenant retail real estate, with a portfolio of 1,137 properties across 44 states and Washington, D.C. as of June 30, 2025 [4]