GTY

EX-99.1

2 gty-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

GETTY REALTY CORP. ANNOUNCES SECOND QUARTER 2026 RESULTS

- Completes $172 Million of Year-to-Date Investment Activity -

- Increases 2026 Full Year Earnings Guidance -

NEW YORK, NY, July 22, 2026 — 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 June 30, 2026.

Second Quarter 2026 Highlights

• Net earnings: $0.36 per share

• Funds From Operations (“FFO”): $0.59 per share

• Adjusted Funds From Operations (“AFFO”): $0.62 per share

• Invested $128.3 million across 42 properties at a 7.4% initial cash yield, plus an additional $13.5 million at an 8.2% initial cash yield subsequent to quarter end

• Committed investment pipeline of more than $95.0 million for the development and/or acquisition of 30 convenience and automotive retail properties, as of July 22, 2026

“We are pleased to report another quarter of consistent financial and operating results highlighted by 5% year-over-year growth in AFFO per share, more than $170 million of year-to-date investments in high-quality convenience and automotive retail assets, and an increase to our 2026 earnings guidance,” stated Christopher J. Constant, Getty’s President & Chief Executive Officer. ”Our recently completed acquisitions, robust investment pipeline, and healthy capital position have us well positioned for the second half of 2026.”

Net Earnings, FFO and AFFO

All per share amounts are presented on a fully diluted per common share basis, unless stated otherwise. FFO and AFFO are “Non-GAAP Financial Measures” which are defined and reconciled to net earnings at the end of this release.

($ in thousands)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Net earnings

$

22,585

$

14,014

$

49,214

$

28,800

Net earnings per share

$

0.36

$

0.24

$

0.79

$

0.49

FFO

$

37,085

$

27,828

$

79,774

$

59,496

FFO per share

$

0.59

$

0.49

$

1.28

$

1.04

AFFO

$

38,848

$

33,967

$

77,829

$

67,763

AFFO per share

$

0.62

$

0.59

$

1.25

$

1.19

1

Select Financial Results

Revenues from Rental Properties

($ in thousands)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Rental income (a)

$

57,418

$

51,309

$

113,704

$

101,907

Tenant reimbursement income

1,136

1,415

2,240

2,523

Revenues from rental properties

$

58,554

$

52,724

$

115,944

$

104,430

(a) Rental income includes base rental income, additional rental income, if any, and certain non-cash revenue recognition adjustments.

For the quarter ended June 30, 2026, base rental income grew 13.2% to $56.6 million, as compared to $50.0 million for the same period in 2025. For the six months ended June 30, 2026, base rental income grew 12.9% to $112.4 million, as compared to $99.6 million for the same period in 2025.

The growth in base rental income was driven by incremental revenue from recently acquired properties and contractual rent increases for in-place leases, partially offset by property dispositions.

Interest (Income) on Notes and Mortgages Receivable

($ in thousands)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Interest on notes and mortgages receivable

$

497

$

533

$

951

$

1,157

The change in interest earned on notes and mortgages receivable in both periods was due to a net decrease in average notes and mortgages receivable outstanding as compared to the prior year.

Property Costs

($ in thousands)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Property operating expenses

$

1,869

$

2,286

$

3,639

$

4,110

Leasing and redevelopment expenses

151

157

392

315

Property costs

$

2,020

$

2,443

$

4,031

$

4,425

The improvement in property operating expenses in both periods was due to a reduction in rent expense, as well as lower reimbursable and non-reimbursable expenses. The change in leasing and redevelopment expenses for the six months ended June 30, 2026 was primarily due to demolition costs for redevelopment projects.

Other Expenses

($ in thousands)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Environmental expenses

$

337

$

5,341

$

(7,209

)

$

5,457

General and administrative expenses

7,297

6,794

16,353

13,720

Impairments

2,461

455

3,977

1,624

The change in environmental expenses in both periods was driven by a decrease in environmental litigation accruals. The change in environmental expenses for the six months ended June 30, 2026 also included the removal of unknown reserve liabilities which had previously been accrued for certain properties. Environmental expenses vary from period to period and, accordingly, undue reliance should

2

not be placed on the magnitude or the direction of changes in reported

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8-K

false000105275200010527522026-02-112026-02-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 11, 2026

GETTY REALTY CORP.

(Exact name of Registrant as Specified in Its Charter)

Maryland

001-13777

11-3412575

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

292 Madison Avenue, 9th Floor, New York, New York

10017-6318

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (646) 349-6000 Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

GTY

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition. On February 11, 2026, Getty Realty Corp. issued a press release announcing its results of operations for the quarter and year ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated in this Item 2.02 by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits:

Exhibit Number

Description

99.1

Press release issued by Getty Realty Corp. on February 11, 2026.

104

Cover Page Interactive Data File (embedded within the inline XBRL document)

The information contained in Item 2.02 and Exhibit 99.1 to this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Such information in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

GETTY REALTY CORP.

Date: February 11, 2026

By:

/s/ Brian R. Dickman

Brian R. Dickman

Executive Vice President

Chief Financial Officer and Treasurer