Getty Realty CORP: management transactions · United States · SEC (Form 4)

About Getty Realty CORP

Getty Realty Corp. (NYSE: GTY) is a U.S.-listed real estate investment trust (REIT) focused on net lease properties tied to convenience retail, automotive retail, and other single-tenant specialty retail formats. Headquartered in New York, New York, the company trades on the NYSE in the United States and concentrates its portfolio almost entirely on domestic assets. Its business model is built around long-dated, often unitary leases that are designed to generate relatively stable rent streams and reduce operating complexity versus traditional property ownership. ([gettyrealty.com](https://gettyrealty.com/about-us/)) Getty’s origins date back to 1955, when Leo Liebowitz and Milton Safenowitz founded the predecessor business by acquiring a single gas station in New York City. Over time, the company expanded into a larger fuel distribution and service-station platform under Power Test Corporation, which later became part of a series of restructurings that ultimately left the retained real estate assets as the basis for today’s Getty Realty. That history is important because it explains the firm’s long-standing specialization in auto- and fuel-adjacent real estate, even though the modern business is primarily an income-oriented REIT rather than an operating energy company. ([gettyrealty.com](https://gettyrealty.com/about-us/)) Operationally, Getty focuses on acquiring existing properties, funding developments, and structuring sale-leaseback transactions. Its investment universe includes convenience stores, gasoline stations, express tunnel car washes, auto service centers, and, more recently, drive-thru quick-service restaurants. The company’s strategy is niche but deliberate: it targets essential-use properties, often leased to national or regional tenants with operationally important locations. That specialization can support underwriting discipline and portfolio resilience, although it also leaves the company somewhat exposed to sector-specific trends in convenience retail and automotive services. ([ir.gettyrealty.com](https://ir.gettyrealty.com/news-and-events/news-details/2026/Getty-Realty-Corp--Provides-2025-Business-Update/default.aspx?utm_source=openai)) In competitive terms, Getty is a specialized mid-cap net lease REIT rather than a broad diversified landlord. Its edge comes from sector expertise, transactional repeatability, and a national platform. As of March 31, 2026, the portfolio included 1,191 properties across 45 states and Washington, D.C., underscoring a wide geographic footprint across the United States. The company also emphasizes a lean operating structure, with a New York-based team of 30+ professionals supporting acquisitions, asset management, and capital markets execution. ([gettyrealty.com](https://gettyrealty.com/about-us/)) Recent corporate developments have reinforced the growth narrative. In January 2025, Getty expanded its senior unsecured revolving credit facility to $450 million, extending maturity and improving balance-sheet flexibility. During 2025, the company remained active on acquisitions, including a $100 million Houston convenience store portfolio announced in October 2025, and it entered 2026 reporting approximately $269 million of 2025 investment activity and a committed pipeline of more than $75 million. For investors, these updates point to an active acquisition pipeline, continued access to financing, and a management team focused on disciplined portfolio expansion in a relatively defensive property niche. ([ir.gettyrealty.com](https://ir.gettyrealty.com/news-and-events/news-details/2025/Getty-Realty-Corp.-Announces-Expanded-450-Million-Credit-Facility/default.aspx?utm_source=openai))