Getty Realty Corp. Prices 4M Shares Offering for $131M, Grants 600K Share Option
Getty Realty Corp. priced an offering of 4,000,000 shares for gross proceeds of about $131 million and granted underwriters a 30-day option on 600,000 additional shares. The offering is expected to close February 19, 2026 with net proceeds to fund property acquisitions, revolving credit repayment and corporate purposes.
1. Offering Details
Getty Realty Corp. launched an underwritten public offering of 4,000,000 common shares to raise approximately $131 million in gross proceeds. Underwriters J.P. Morgan and Wells Fargo Securities received a 30-day option to purchase up to 600,000 additional shares, with the offering slated to close on February 19, 2026.
2. Use of Proceeds and Settlement
The company will initially receive no proceeds from the forward share sale, but expects to physically settle sale agreements over the next year to realize cash. Net proceeds will be allocated toward acquiring freestanding retail properties, repaying outstanding revolving credit facility debt and supporting working capital and general corporate needs.
3. Company Profile
Getty Realty Corp. is a net lease REIT specializing in convenience and automotive retail properties. As of December 31, 2025, its portfolio comprised 1,174 freestanding properties across 44 states and Washington, D.C.