Getty Realty Corp. reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with total revenues from rental properties reaching $219.6 million, up from $198.7 million in 2024, marking an increase of approximately 10.5%. The company's net earnings also rose to $79.2 million, compared to $71.1 million in the previous year, reflecting a growth of 11.5%. This growth was attributed to additional base rental income from newly acquired properties, contractual rent increases, and the commencement of rent from completed redevelopment projects.
In terms of strategic developments, Getty Realty continued to expand its portfolio, investing approximately $273 million in convenience and automotive retail properties during 2025. This included the acquisition of 28 drive-thru quick service restaurants, 24 convenience stores, and 15 automotive service centers. The company also sold 13 properties, generating gross proceeds of $18.3 million, which allowed it to reduce exposure to certain properties that no longer met long-term investment criteria. As of December 31, 2025, Getty Realty's portfolio comprised 1,174 properties located across 44 states and Washington, D.C.
Operationally, Getty Realty's tenant base remained stable, with 1,169 properties leased under triple-net leases. The weighted average remaining lease term was reported at 9.9 years, indicating a solid foundation for future revenue. The company also maintained a total of 31 employees as of February 12, 2026. The average rental income per property increased to approximately $191,000, up from $178,000 in 2024, reflecting the effectiveness of its leasing strategy.
Looking ahead, Getty Realty expressed optimism about its growth trajectory, emphasizing its belief that automobility will continue to dominate consumer transportation in the U.S. The company plans to pursue additional acquisitions and redevelopment opportunities to enhance its portfolio. However, it acknowledged potential risks, including market conditions affecting tenant performance and compliance with lease obligations, which could impact future revenues. The company remains committed to maintaining its status as a Real Estate Investment Trust (REIT) and distributing at least 90% of its taxable income to shareholders, as required by federal tax laws.
About GETTY REALTY CORP /MD/
Getty Realty Corp. is a REIT focused on acquiring, financing, and developing single-tenant retail properties, primarily convenience stores, automotive service centers, car washes, and related retail outlets across the U.S. Its portfolio emphasizes highly trafficked locations, leased on triple-net terms, serving tenants in the convenience and petroleum industries. The company aims to generate income and appreciation through strategic property investments, redevelopment, and diversification.
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