Getty Realty Corp. reported third-quarter total revenue of $63.0 million and net earnings of $25.6 million, compared with $55.6 million and $23.3 million, respectively, a year earlier. For the first nine months of 2026, revenue was $179.9 million versus $161.2 million, and net earnings were $74.8 million versus $52.1 million.
Operating cash flow was $106.0 million for the nine months, versus $93.9 million. Property acquisition outflows were $443.2 million. As of September 30, 2026, Getty Realty owned 1,243 properties and leased 26 from third-party landlords across 46 states and Washington, D.C.
Getty Realty issued $250.0 million of Series U notes at 5.76%, due January 22, 2036, and used the proceeds to repay amounts outstanding under its Credit Facility. Total debt, net, was $1.194 billion at September 30, 2026. All 4.0 million shares in the February follow-on offering were settled during the third quarter, producing $128.2 million in net proceeds; the ATM Program generated $96.0 million in net proceeds over the nine months. Getty Realty removed its remaining $7.7 million of unknown environmental reserve liabilities; accrued prospective environmental remediation obligations were $8.2 million at September 30, 2026.
Getty Realty Corp. (GTY) presented its October 2026 business update, reporting Q3 2026 AFFO of $41.1 million, up 14.0%, and year-to-date AFFO of $119.0 million, up 14.5%. AFFO per share was $0.64 for Q3, up 3.2%, and $1.89 year to date, up 5.0%. It raised FY2026 AFFO guidance to $2.53–$2.54 per share from $2.52–$2.54; the range includes completed transaction activity as of October 21, 2026, but excludes prospective acquisitions, dispositions and capital-markets activity, including settlement of outstanding forward sale agreements.
Year-to-date investment was $502.3 million at a 7.2% initial cash yield, and more than $75 million of investments were under contract. As of September 30, 2026, the portfolio comprised 1,269 properties in 46 states, $254 million in ABR, 99.7% occupancy, 10.8-year WALT and 2.5x tenant rent coverage. Pro forma for the October 16, 2026 closing of a $200 million Term Loan used to repay the $200 million Revolver balance as of September 30, the presentation reported 5.2x net debt to EBITDA and more than $500 million in liquidity, including $52 million of forward equity and $450 million of Revolver capacity; its debt maturity schedule begins in June 2028.
Getty Realty Corp. (GTY) reported third-quarter 2026 total revenues of $62.990 million, versus $55.591 million a year earlier, and net earnings of $25.606 million, versus $23.348 million. Diluted net earnings per share were $0.40 in both periods; FFO per share was $0.61 versus $0.66, and AFFO per share was $0.64 versus $0.62. It raised 2026 AFFO guidance to $2.53–$2.54 per diluted share from $2.52–$2.54.
Quarter investments totaled $297.4 million across 68 properties at a 6.9% initial cash yield; an additional $46.3 million was invested after quarter-end at a 7.6% initial cash yield. Year-to-date investment was $502.3 million at a 7.2% initial cash yield. A committed pipeline exceeded $75 million for 29 properties as of October 21, 2026, with timing and amounts dependent on counterparties and project schedules.
Indebtedness was $1.2 billion as of September 30, 2026, including $1.0 billion of senior unsecured notes and $200.0 million outstanding on the Revolver. A post-quarter amendment provided a $200.0 million term loan at a 5.03% effective rate to repay Revolver borrowings; it matures October 16, 2028, with three optional 12-month extensions.
Getty Realty Corp. (GTY) entered into a $200 million senior unsecured term loan with existing lenders and used the proceeds to repay amounts outstanding under its revolving credit facility, including borrowings used to fund part of its recently completed Refuel transaction. The loan's effective interest rate at closing was 5.03%; it bears interest at SOFR plus a margin of 0.75% to 1.55%, or at a base rate plus 0.00% to 0.50%, based on the company's credit rating.
Amendments removed the 10.0-basis-point credit spread adjustment applied to SOFR borrowings under the Revolver and revised the investment-grade definition, allowing Getty Realty to elect ratings-based rather than leverage-based pricing for Revolver borrowings. The loan includes three 12-month extension options, subject to the absence of a default and other conditions, including extension fees. The agreement also has financial covenants covering leverage, fixed-charge and interest-coverage ratios, and minimum tangible net worth, plus restricted-payment limits that may limit the company's ability to incur additional debt or pay dividends.
Getty Realty Corp. (GTY) completed a $260.9 million acquisition of 41 convenience stores from Refuel Operating Company and an affiliate, leasing them back to Refuel under four unitary triple net leases. Each lease has a 20-year initial term, renewal options and rent increases every five years. After the transaction and other investment activity closed after June 30, 2026, Refuel will represent approximately 7.7% of Getty’s annualized base rent and rank as its third-largest tenant.
Getty said it funded the purchase with proceeds from forward equity sale agreements, unsecured debt financing and property dispositions. It anticipates using approximately $100.0 million from forward sale agreements and approximately $100.0 million from a new $200.0 million unsecured term loan, which is expected to close in October 2026. Getty has identified dispositions expected to generate at least $50.0 million in gross proceeds. Year to date, it invested approximately $455.2 million at a 7.1% initial cash yield and had a committed pipeline of more than $125.0 million at average initial cash yields of 7.8%.
GETTY REALTY CORP (GTY) reported that Nicole Christopher Rapport has filed an initial statement of beneficial ownership on Form 3 in her capacity as VP & Chief Accounting Officer. The filing lists her status as an officer of the company and does not report any equity transactions or holdings in this submission.
GETTY REALTY CORP. (GTY) reports an amendment describing a separation agreement with former Chief Accounting Officer Eugene Shnayderman, whose separation date was August 14, 2026. The agreement provides a $300,000 cash separation payment, payment for accrued unused paid time off, and reimbursement of COBRA premiums for him and eligible dependents through February 28, 2027. As of the separation date, he holds 108,650 restricted stock units (RSUs), of which 62,750 are already vested under the company’s incentive plan. The vested RSUs will be settled in shares of common stock, and the remaining RSUs will fully vest and be settled in a lump-sum cash payment based on fair market value per share after the effective date of the separation agreement.
Getty Realty Corp. appointed Nicole Rapport as Vice President and Chief Accounting Officer effective August 16, 2026. She will succeed Eugene Shnayderman, whose employment will terminate on August 14, 2026. His separation is stated not to result from any disagreement over operations, policies, or accounting or financial reporting matters.
Rapport, age 40, previously served as a Vice President at Goldman Sachs from December 2023 through August 2026 and earlier worked at Ernst & Young from September 2008 through December 2023. Her compensation includes an annual base salary of $285,000 and a 2026 year-end bonus of at least $125,000, contingent on continued employment and not being terminated for cause before the payment date.
Getty Realty Corp., a net lease REIT focused on convenience and automotive retail, reported Q2 2026 total revenues of $59,051 thousand and net earnings of $22,585 thousand, with diluted EPS of $0.36, driven by higher rental income and lower environmental expenses than in 2025.
For the first six months of 2026, total revenues were $116,895 thousand and net earnings were $49,214 thousand, or $0.79 per diluted share. Net cash provided by operating activities reached $74,790 thousand, while the company invested $150,794 thousand in property acquisitions and raised equity under its at-the-market program.
At June 30, 2026, total assets were $2,291,223 thousand, including real estate, net, of $2,143,214 thousand. Total debt was $1,073,000 thousand, with $73,000 thousand outstanding under the revolving Credit Facility and $1,000,000 thousand in Senior Unsecured Notes. The portfolio comprised 1,224 properties in 46 states and Washington, D.C., with ARKO Corp. and Global Partners LP contributing 11% and 10% of total revenues, respectively. Accrued environmental remediation obligations declined to $8,399 thousand, and the company continues to address long-running environmental and MTBE litigation matters with related accruals in place.
Getty Realty Corp. furnished an investor presentation outlining operating performance, capital deployment and updated 2026 guidance. For Q2 2026, AFFO increased 14.5% to $38.9 million, with year-to-date AFFO up 14.9% to $77.9 million. AFFO per share rose to $0.62 in Q2 and $1.25 year-to-date, and full-year 2026 AFFO guidance was raised to $2.52–$2.54 per share from $2.50–$2.52.
The net-lease portfolio spans 1,224 convenience and automotive retail properties across 46 states, generating $234 million of annualized base rent, 99.8% occupancy and a 10.3-year weighted average lease term. Management highlights tenant rent coverage of 2.5x, more than $570 million of liquidity, net debt to EBITDA of 5.3x (4.3x pro forma for unsettled forward equity) and no debt maturities until June 2028.