Getty Realty Prices Public Offering of 4 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy GTY?
Source: Newsfilter
- Offering Size: Getty Realty Corp. announced a public offering of 4 million shares at a gross proceeds of approximately $131 million, expected to close on February 19, 2026, indicating the company's active engagement in capital markets and financing capabilities.
- Underwriter Selection: J.P. Morgan and Wells Fargo Securities have been appointed as the book-running managers for the offering, reflecting the company's strategic considerations in selecting financial partners to ensure a smooth issuance process.
- Use of Proceeds: The company intends to utilize the net proceeds from the offering for property acquisitions, repayment of outstanding debt under its revolving credit facility, and other general corporate purposes, demonstrating its focus on future expansion and financial stability.
- Forward Sale Agreements: The forward sale agreements with underwriters will allow the company to receive proceeds through physical settlement within approximately one year, enhancing its capital liquidity and market adaptability.
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Analyst Views on GTY
Wall Street analysts forecast GTY stock price to fall
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 33.240
Low
29.00
Averages
31.25
High
36.00
Current: 33.240
Low
29.00
Averages
31.25
High
36.00
About GTY
Getty Realty Corp. is a net lease real estate investment trust (REIT) specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. The Company’s portfolio includes approximately 1,137 freestanding properties located in 44 states across the United States and Washington, D.C. The Company's portfolio is comprised of convenience stores, express tunnel car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, and collision) and certain other freestanding retail properties, including drive-thru quick service restaurants and automotive parts retailers. The Company's tenants operate under a variety of national and regional brands. The Company's tenants either operate their businesses at its properties directly or, in the case of certain convenience stores and gasoline and repair stations, sublet its properties and supply fuel to third parties who operate the businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Getty Realty Prices 4M Share Public Offering Raising $131M
- Offering Size: Getty Realty has priced a public offering of 4 million shares of common stock, expected to raise approximately $131 million in gross proceeds, indicating strong demand and investor confidence in the capital markets.
- Additional Option: The underwriters have a 30-day option to purchase an additional 600,000 shares, enhancing the offering's flexibility and potential cash inflow, which reflects ongoing market interest in the stock.
- Use of Proceeds: The company intends to utilize the net proceeds from the offering for property acquisitions, repaying outstanding debt under its revolving credit facility, and for general corporate purposes, demonstrating its strategic intent to expand and optimize its balance sheet.
- Market Reaction: Following the announcement of the public offering, Getty Realty's shares rose by 3.9% in after-hours trading, reflecting positive investor sentiment regarding the company's future growth potential.
See More
Getty Realty Announces Public Offering of 4 Million Shares
- Offering Size: Getty Realty Corp. announced a public offering of 4 million shares at a gross proceeds of approximately $131 million, expected to close on February 19, 2026, indicating the company's proactive financing strategy in the capital markets.
- Underwriter Selection: J.P. Morgan and Wells Fargo Securities have been appointed as the book-running managers for the offering, reflecting the company's careful and professional approach in selecting financial partners to ensure a smooth issuance process.
- Use of Proceeds: The company intends to use the net proceeds from the offering for property acquisitions, repayment of outstanding debt under its revolving credit facility, and other general corporate purposes, demonstrating its focus on future expansion and financial stability.
- Forward Sale Agreements: The forward sale agreements with underwriters will allow the company to receive proceeds from physical settlements within approximately one year, showcasing its flexibility and foresight in capital operations.
See More
Getty Realty Prices Public Offering of 4 Million Shares
- Offering Size: Getty Realty Corp. announced a public offering of 4 million shares at a gross proceeds of approximately $131 million, expected to close on February 19, 2026, indicating the company's active engagement in capital markets and financing capabilities.
- Underwriter Selection: J.P. Morgan and Wells Fargo Securities have been appointed as the book-running managers for the offering, reflecting the company's strategic considerations in selecting financial partners to ensure a smooth issuance process.
- Use of Proceeds: The company intends to utilize the net proceeds from the offering for property acquisitions, repayment of outstanding debt under its revolving credit facility, and other general corporate purposes, demonstrating its focus on future expansion and financial stability.
- Forward Sale Agreements: The forward sale agreements with underwriters will allow the company to receive proceeds through physical settlement within approximately one year, enhancing its capital liquidity and market adaptability.
See More
Getty Realty Stock Surpasses Analyst Target Price
- Stock Performance: Getty Realty Corp.'s shares recently surpassed the average analyst 12-month target price of $32.14, trading at $33.02, indicating increased market confidence that may attract more investor attention.
- Analyst Reaction: When a stock reaches an analyst's target price, they typically either downgrade the valuation or raise the target; the current positive performance of Getty Realty may prompt analysts to reassess their targets, influencing future investment decisions.
- Target Price Distribution: Among analysts covered by Zacks, Getty Realty's average target price is $32.14 with a standard deviation of $2.115, reflecting a divergence in analyst opinions, with the lowest target at $29.00 and the highest at $35.00.
- Investor Decision-Making: With the stock price exceeding the target, investors are presented with an opportunity to reassess whether the current price is merely a stop on the way to a higher target or if it has reached an overvalued level, potentially necessitating a reduction in holdings.
See More
Getty Realty Reports Strong Q4 2025 Earnings Growth and Strategic Investments
- Rental Income Growth: In 2025, Getty Realty's annualized base rent increased nearly 12%, with Q4 AFFO per share rising 5%, demonstrating significant financial growth driven by stable rental income and strong acquisition yields.
- Portfolio Expansion: The company invested approximately $270 million in 2025 at an initial cash yield of 7.9%, including a $100 million sale-leaseback transaction in Houston, marking its strategic expansion into convenience stores and collision repair sectors.
- Financial Health: Q4 AFFO per share was $0.63, with an annual figure of $2.43, while FFO and net income stood at $0.64 and $0.45 per share, respectively, showcasing the company's success in maintaining healthy liquidity and low debt levels.
- Leadership Transition: With Mark Olear's retirement at the end of February, current SVP of Acquisitions RJ Ryan will be promoted to Chief Investment Officer, indicating the company's ongoing development in leadership and focus on future investments.
See More
Getty Realty Set to Announce Q4 Earnings on February 11
- Earnings Announcement Schedule: Getty Realty is set to announce its Q4 earnings on February 11 after market close, with consensus estimates predicting a FFO of $0.61 per share and revenue of $55.94 million, providing crucial financial health indicators for investors.
- Earnings Forecast Analysis: Getty Realty estimates that its 2026 AFFO per share will exceed consensus expectations, indicating that the company's future profitability may be undervalued by the market, thereby boosting investor confidence.
- Market Valuation: The market currently values Getty Realty with a yield of 7%, making it appear relatively cheap among REITs, which may attract investors seeking stable income opportunities.
- Quant Rating Insights: Seeking Alpha's Quant Rating on Getty Realty suggests potential value in the market, indicating that the company's pricing may be misaligned, thus presenting potential investment opportunities for investors.
See More
Getty Realty Prices 4M Share Public Offering Raising $131M
- Offering Size: Getty Realty has priced a public offering of 4 million shares of common stock, expected to raise approximately $131 million in gross proceeds, indicating strong demand and investor confidence in the capital markets.
- Additional Option: The underwriters have a 30-day option to purchase an additional 600,000 shares, enhancing the offering's flexibility and potential cash inflow, which reflects ongoing market interest in the stock.
- Use of Proceeds: The company intends to utilize the net proceeds from the offering for property acquisitions, repaying outstanding debt under its revolving credit facility, and for general corporate purposes, demonstrating its strategic intent to expand and optimize its balance sheet.
- Market Reaction: Following the announcement of the public offering, Getty Realty's shares rose by 3.9% in after-hours trading, reflecting positive investor sentiment regarding the company's future growth potential.
See More
Getty Realty Announces Public Offering of 4 Million Shares
- Offering Size: Getty Realty Corp. announced a public offering of 4 million shares at a gross proceeds of approximately $131 million, expected to close on February 19, 2026, indicating the company's proactive financing strategy in the capital markets.
- Underwriter Selection: J.P. Morgan and Wells Fargo Securities have been appointed as the book-running managers for the offering, reflecting the company's careful and professional approach in selecting financial partners to ensure a smooth issuance process.
- Use of Proceeds: The company intends to use the net proceeds from the offering for property acquisitions, repayment of outstanding debt under its revolving credit facility, and other general corporate purposes, demonstrating its focus on future expansion and financial stability.
- Forward Sale Agreements: The forward sale agreements with underwriters will allow the company to receive proceeds from physical settlements within approximately one year, showcasing its flexibility and foresight in capital operations.
See More
Getty Realty Prices Public Offering of 4 Million Shares
- Offering Size: Getty Realty Corp. announced a public offering of 4 million shares at a gross proceeds of approximately $131 million, expected to close on February 19, 2026, indicating the company's active engagement in capital markets and financing capabilities.
- Underwriter Selection: J.P. Morgan and Wells Fargo Securities have been appointed as the book-running managers for the offering, reflecting the company's strategic considerations in selecting financial partners to ensure a smooth issuance process.
- Use of Proceeds: The company intends to utilize the net proceeds from the offering for property acquisitions, repayment of outstanding debt under its revolving credit facility, and other general corporate purposes, demonstrating its focus on future expansion and financial stability.
- Forward Sale Agreements: The forward sale agreements with underwriters will allow the company to receive proceeds through physical settlement within approximately one year, enhancing its capital liquidity and market adaptability.
See More
Getty Realty Stock Surpasses Analyst Target Price
- Stock Performance: Getty Realty Corp.'s shares recently surpassed the average analyst 12-month target price of $32.14, trading at $33.02, indicating increased market confidence that may attract more investor attention.
- Analyst Reaction: When a stock reaches an analyst's target price, they typically either downgrade the valuation or raise the target; the current positive performance of Getty Realty may prompt analysts to reassess their targets, influencing future investment decisions.
- Target Price Distribution: Among analysts covered by Zacks, Getty Realty's average target price is $32.14 with a standard deviation of $2.115, reflecting a divergence in analyst opinions, with the lowest target at $29.00 and the highest at $35.00.
- Investor Decision-Making: With the stock price exceeding the target, investors are presented with an opportunity to reassess whether the current price is merely a stop on the way to a higher target or if it has reached an overvalued level, potentially necessitating a reduction in holdings.
See More
Getty Realty Reports Strong Q4 2025 Earnings Growth and Strategic Investments
- Rental Income Growth: In 2025, Getty Realty's annualized base rent increased nearly 12%, with Q4 AFFO per share rising 5%, demonstrating significant financial growth driven by stable rental income and strong acquisition yields.
- Portfolio Expansion: The company invested approximately $270 million in 2025 at an initial cash yield of 7.9%, including a $100 million sale-leaseback transaction in Houston, marking its strategic expansion into convenience stores and collision repair sectors.
- Financial Health: Q4 AFFO per share was $0.63, with an annual figure of $2.43, while FFO and net income stood at $0.64 and $0.45 per share, respectively, showcasing the company's success in maintaining healthy liquidity and low debt levels.
- Leadership Transition: With Mark Olear's retirement at the end of February, current SVP of Acquisitions RJ Ryan will be promoted to Chief Investment Officer, indicating the company's ongoing development in leadership and focus on future investments.
See More
Getty Realty Set to Announce Q4 Earnings on February 11
- Earnings Announcement Schedule: Getty Realty is set to announce its Q4 earnings on February 11 after market close, with consensus estimates predicting a FFO of $0.61 per share and revenue of $55.94 million, providing crucial financial health indicators for investors.
- Earnings Forecast Analysis: Getty Realty estimates that its 2026 AFFO per share will exceed consensus expectations, indicating that the company's future profitability may be undervalued by the market, thereby boosting investor confidence.
- Market Valuation: The market currently values Getty Realty with a yield of 7%, making it appear relatively cheap among REITs, which may attract investors seeking stable income opportunities.
- Quant Rating Insights: Seeking Alpha's Quant Rating on Getty Realty suggests potential value in the market, indicating that the company's pricing may be misaligned, thus presenting potential investment opportunities for investors.
See More
