Recent Updates — GTY
Getty Realty Corp. closed a new $200 million unsecured term loan on October 16, 2026. The company used the proceeds to fully repay the outstanding balance of its $450 million revolving credit facility as of September 30, 2026. This refinancing activity maintains the firm's liquidity profile while adjusting its debt maturity structure with the new term loan maturing in October 2028. The company operates freestanding convenience and automotive retail real estate across the United States.
Getty Realty Corp. reported third-quarter 2026 net earnings of $0.40 per share, with Funds From Operations (FFO) at $0.61 and Adjusted Funds From Operations (AFFO) at $0.64 per share. The company increased its full-year 2026 AFFO guidance to a range of $2.53 to $2.54 per diluted share, up from the previous estimate of $2.52 to $2.54. During the quarter, Getty invested $297.4 million across 68 properties and sold eight assets for $11.6 million in gross proceeds. Subsequent to quarter-end, the company amended its credit agreement to include a new $200 million senior unsecured term loan maturing in October 2028, using proceeds to repay revolver borrowings. Getty Realty Corp. is a net lease REIT specializing in convenience and automotive retail real estate.
Getty Realty Corp. entered into a new senior unsecured term loan with an aggregate principal amount of $200 million, priced at an effective interest rate of 5.03%. The proceeds were used to repay amounts outstanding under its revolving credit facility, including borrowings associated with the Refuel transaction. The financing includes three twelve-month extension options and amends existing credit terms by removing a 10 basis point SOFR adjustment and revising investment grade rating definitions to allow for ratings-based pricing grids. Getty Realty Corp. is a publicly traded net lease REIT specializing in convenience, automotive, and single-tenant retail real estate.
Getty Realty Corp. closed a $260.9 million sale leaseback transaction with Refuel Operating Company, LLC, acquiring 41 convenience store properties in Mississippi, North Carolina, South Carolina, and Texas. The company simultaneously entered into four unitary triple net leases with initial terms of 20 years, multiple renewal options, and rent escalations every five years, guaranteed by parent FR Refuel, LLC. This acquisition makes Refuel the Company’s third-largest tenant, representing approximately 7.7% of annualized base rent. The transaction was funded through forward equity sale agreements, a new $200 million unsecured term loan maturing in October 2028, and property dispositions. Year-to-date investment activity totals approximately $455.2 million at a 7.1% initial cash yield. Getty Realty Corp. is a net lease REIT specializing in convenience and automotive retail real estate.
Getty Realty Corp. amended its initial Form 8-K to disclose the separation agreement with Eugene Shnayderman, whose last day as Chief Accounting Officer was August 14, 2026. Nicole Rapport succeeded him in the role. Mr. Shnayderman received a $300,000 cash payment, reimbursement for unused paid time off, and COBRA premiums through February 28, 2027. He held 108,650 restricted stock units (RSUs); 62,750 vested shares were settled in common stock, while the remaining 45,900 unvested RSUs accelerated and were settled in a lump-sum cash payment based on fair market value. Getty Realty Corp. operates as a real estate investment trust focused on acquiring and managing commercial properties.
Getty Realty Corp. appointed Nicole Rapport as Vice President and Chief Accounting Officer effective August 16, 2026, succeeding Eugene Shnayderman, whose employment terminates on August 14, 2026. The departure is not due to disagreements regarding operations or accounting principles. Ms. Rapport brings prior experience from Goldman Sachs and Ernst & Young. Her compensation includes a $285,000 annual base salary and a contingent year-end bonus of at least $125,000. Getty Realty Corp. operates in the real estate investment trust industry, specializing in net-leased commercial properties.