Company: GTY
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001140361-25-008521
Chunk: 62

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 62
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 appointed Chief Financial Officer effective December 14, 2020. |

| (5) | The following table sets forth the adjustments made to arrive at compensation “actually paid” to our Non-PEO NEOs during 2024, as shown in the Pay Versus Performance Table: |

| (6) | Total shareholder return is calculated for each year based on a fixed investment of $100 from December 31, 2019, through the end of each applicable year in the table, assuming reinvestment of dividends. |

| (7) | Our peer group is the same peer group as reported in our Form 10-K pursuant to Item 201(e) of Regulation S-K: Agree Realty Corporation, EPR Properties, Essential Properties Realty Trust, Four Corners Properties Trust, NETSTREIT Corp (was not publicly traded in 2019), and One Liberty Properties. We have chosen these companies as our Peer Group because a substantial segment of each of their businesses is owning and leasing single tenant net lease retail properties. |

| (8) | Net income is reported as Net Earnings in the Company’s financial statements. |

| (9) | The Company selectedAdjusted Funds from Operations (AFFO)as its Company-selected measure for the reasons set forth below. |

| GETTY REALTY2025 Proxy Statement |     | 55 |

TABLE OF CONTENTS

Executive Compensation ( continued ) List of Most Important Financial Performance Measures The following table outlines what we believe to be our NEO’s key performance measures, in no particular order, given our status as a REIT. These key performance measures are further described in “2024 Company Performance Highlights” section on page 40of this Proxy Statement.

| KEY PERFORMANCE MEASURES                        |     |                           |
| Adjusted Funds from Operations (AFFO) per share |     | Net Debt to EBITDA        |
| Annual Base Rent                                |     | Portfolio Diversification |

We believe Adjusted Funds from Operations (AFFO) per share to be the most significant measure in determining the compensation of our NEOs because we believe it best reflects the core operating performance of our portfolio. In addition, AFFO per share is generally considered by analysts and investors to be an appropriate supplemental non-GAAP measure of performance for REITs and has utility in comparing our core operating performance between periods and to the core operating performance of comparable real estate companies. Pay Versus Performance Relationship Disclosures The chart below illustrates the correlation between NEO compensation actually paid (CAP) and net income for