Getty Realty Corp. has filed a Form 8-K dated October 21, 2026, to furnish a corporate presentation containing a business update and supplemental information regarding its portfolio and financial performance.
The filing discloses that the presentation, attached as Exhibit 99.1, includes non-GAAP financial measures such as Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO). The company states that AFFO is used to represent its core operating performance. Financial data within the presentation reflects the quarter ended September 30, 2026, and portfolio data is as of that date.
According to the filing, the company’s portfolio is 99.7% occupied with a weighted average remaining lease term of 10.8 years. The company reports a tenant rent coverage ratio of 2.5x. As of September 30, 2026, the company’s annualized base rent (ABR) was $254 million.
In terms of investment activity, the company reports that it has invested $502.3 million at a 7.2% initial cash yield year to date. The company states it has acquired 44 convenience stores, 41 auto service centers, 24 drive-thru QSRs, and six express tunnel car washes. Additionally, the company reports that more than $75 million of investments are currently under contract.
The company has updated its fiscal year 2026 AFFO guidance to a range of $2.53 to $2.54 per share, a slight increase from the previous range of $2.52 to $2.54 per share. This guidance includes completed transaction activity as of October 21, 2026, but does not include prospective acquisitions, dispositions, or capital markets activities.
Regarding its balance sheet, the company reports a net debt to EBITDA ratio of 5.2x. The company states it has more than $500 million of total liquidity, including $52 million in unsettled forward equity and $450 million of revolver capacity. The company notes that it has no debt maturities until June 2028.
The presentation highlights the company’s focus on convenience and automotive retail real estate, citing a portfolio of 1,269 properties across 46 states. It notes that 68% of the portfolio is located in corner locations and 58% is in the top 50 metropolitan statistical areas (MSAs).
