<div id="readability-page-1"><div><ul> <li>In February 2026, Getty Realty Corp. completed a follow-on equity offering of 4,000,000 common shares at US$32.48 per share, raising about US$129.92 million through forward sale agreements with JPMorgan Chase Bank and Wells Fargo Bank to fund acquisitions, debt repayment, and general corporate purposes.</li> <li>This fresh equity capital sits alongside recently reported full-year 2025 results showing higher revenue and net income year on year, and a reaffirmed quarterly dividend of US$0.485 per share, sharpening the focus on how Getty balances growth investments with shareholder payouts.</li> <li>We’ll now examine how Getty’s decision to raise US$129.92 million of new equity through forward sale agreements affects its existing investment narrative.</li> </ul><p>Capitalize on the AI infrastructure supercycle with our selection of the 34 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow.</p><h2>Getty Realty Investment Narrative Recap</h2><p>To own Getty Realty, you need to be comfortable with a net lease REIT focused on automotive and convenience assets while longer term fuel and mobility trends evolve. The new US$129.92 million equity raise does not change the near term focus on deploying capital into acquisitions, but it can slightly increase dilution risk alongside the existing pressure from higher competition for assets.</p> <p>The recent follow on equity offering is most naturally viewed next to Getty’s full year 2025 results, which showed higher revenue and net income year on year. Together, they highlight a business funding additional growth while maintaining capacity to pay a US$0.485 quarterly dividend, keeping the balance between expansion and income at the center of the story, even as structural demand risks around fuel oriented properties remain.</p> <p>But investors also need to be aware that, as competition for acquisitions tightens and cap rates compress, Getty’s ability to sustain attractive returns on new capital could...</p> <p>Read the full narrative on Getty Realty (it's free!)</p><p>Getty Realty's narrative projects $252.2 million revenue and $92.5 million earnings by 2028.</p><p>Uncover how Getty Realty's forecasts yield a $32.14 fair value, in line with its current price.</p><h2>Exploring Other Perspectives</h2><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/998caf55-391a-4030-ab69-208f10f87da1/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/998caf55-391a-4030-ab69-208f10f87da1/chart/quote-price"/><figcaption>GTY 1-Year Stock Price Chart</figcaption></figure> <p>Three fair value estimates from the Simply Wall St Community span roughly US$32 to US$67 per share, showing a wide spread in expectations. Against that backdrop, the fresh US$129.92 million equity raise and ongoing sector headwinds around fuel centric real estate give you strong reasons to compare several viewpoints before forming a view on Getty’s longer term performance.</p><p>Explore 3 other fair value estimates on Getty Realty - why the stock might be worth just $32.14!</p><h2>The Verdict Is Yours</h2><p>Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.</p><ul><li>A great starting point for your Getty Realty research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.</li><li>Our free Getty Realty research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Getty Realty's overall financial health at a glance.</li></ul><h2>Contemplating Other Strategies?</h2><p>Markets shift fast. 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Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><h3><strong>New: </strong>Manage All Your Stock Portfolios in One Place</h3><p>We've created the <strong>ultimate portfolio companion</strong> for stock investors, <strong>and it's free.</strong></p><p>• Connect an unlimited number of Portfolios and see your total in one currency<br/>• Be alerted to new Warning Signs or Risks via email or mobile<br/>• Track the Fair Value of your stocks<br/></p><p>Try a Demo Portfolio for Free</p></div></div></div>

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<p>Getty Realty Corp. raised approximately US$129.92 million through a follow-on equity offering of 4 million shares at US$32.48 each. This capital will support acquisitions, debt repayment, and general corporate purposes. The company reaffirmed a quarterly dividend of US$0.485 per share, indicating a balance between growth investments and shareholder returns. Despite competition and potential dilution risks, Getty's recent financial results show increased revenue and net income, projecting a fair value of US$32.14 per share. Investors are encouraged to consider various perspectives on Getty's long-term performance.</p>

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Getty’s US$129.9 Million Equity Raise And Dividend Reaffirmation Might Change The Case For Investing In GTY