Getty Realty prices $131 million stock offering

Getty Realty Corp. (NYSE: GTY) priced an underwritten public offering of 4 million shares of common stock for approximately $131 million in gross proceeds, according to a company statement.

The net lease real estate investment trust, which focuses on convenience and automotive retail properties, structured the offering through forward sale agreements with J.P. Morgan Securities LLC and Wells Fargo Securities. Under these agreements, the forward purchasers will borrow shares from third parties and sell them to underwriters.

The offering includes a 30-day option for underwriters to purchase an additional 600,000 shares. The transaction is expected to close on February 19, 2026, subject to customary closing conditions.

Getty Realty will not initially receive proceeds from the share sale by forward purchasers. The company expects to physically settle the forward sale agreements and receive proceeds within approximately one year from the prospectus supplement date, subject to certain adjustments.

The company plans to use net proceeds from the offering and any proceeds from forward agreement settlements to fund property acquisitions, repay debt under its revolving credit facility, and support working capital and general corporate purposes.

J.P. Morgan and Wells Fargo Securities served as book-running managers for the offering. The transaction is being conducted under an automatic shelf registration statement filed with the Securities and Exchange Commission that became effective on January 5, 2024.

As of December 31, 2025, Getty Realty's portfolio included 1,174 freestanding properties located across 44 states and Washington, D.C.

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