G
etty Realty Corp. Delivers Steady Performance Amidst Uncertainty

    In a quarter marked by rising macroeconomic uncertainty, Getty Realty Corp., a net lease REIT specializing in convenience and automotive retail real estate, demonstrated resilience with its financial and operating results for the period ending March 31, 2025.

    Key Highlights:

    * Net earnings of $0.25 per share

    * Funds From Operations (FFO) of $0.56 per share

    * Adjusted Funds From Operations (AFFO) of $0.59 per share

    * Invested $10.9 million in six properties at a 7.8% initial cash yield

    * Successfully refinanced all 2025 debt maturities, with no debt obligations until June 2028

    * Committed investment pipeline exceeding $110 million for the development and/or acquisition of 29 convenience and automotive retail properties

    "We're pleased to have started the year on a solid note," said Christopher J. Constant, Getty's President & Chief Executive Officer. "Our portfolio continues to benefit from strong occupancy, rent collections, and tenant rent coverage, despite increasing uncertainty."

    The company's balance sheet remains robust, with ample liquidity to fund investment activities and significant capacity on its revolving credit facility.

    Financial Performance:

    * Net earnings: $14,786 (2024: $16,723)

    * FFO: $31,668 (2024: $29,611)

    * AFFO: $33,797 (2024: $31,403)

    Getty Realty Corp. reaffirms its 2025 earnings guidance and remains committed to disciplined capital deployment while leveraging its expertise and relationships to source attractive opportunities in the convenience and automotive retail real estate sectors.