Company: GTY
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019976
Chunk: 15

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1A
Chunk 15
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 are inherently uncertain.

•Amendments to the Accounting Standards Codification made by the Financial Accounting Standards Board (the “FASB”) or changes in accounting standards may adversely affect our reported revenues, profitability, or financial position.

•If we fail to maintain effective internal controls over financial reporting, we may not be able to accurately and timely report our financial results.

•Our reliance on certain members of our management team or Board of Directors, the loss of any one of which could adversely affect our business or the market price of our common stock. 

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•Our reliance on information technology in our operations, and any material failure, inadequacy, interruption or security failure of that technology could harm our business.

Risks Related to Financing Our Business

•Our dependency on external sources of capital, which may or may not be available on favorable terms, or at all. 

•Interest rate risk and our ability to manage or mitigate this risk effectively. 

Risks Related to Our Investment Strategy

•We may not be able to successfully implement our investment strategy. 

•We expect to acquire new properties and this may create risks. 

•We are pursuing redevelopment opportunities and this creates risks to our Company. 

Risks Related to Our Status as a REIT

•The failure to qualify as a REIT under the federal income tax laws would have adverse consequences to our stockholders.

• Uncertain tax matters may have a significant impact on the results of operations for any single fiscal year or interim period or may cause us to fail to qualify as a REIT.

•The uncertainty regarding the U.S. federal income tax treatment of the cash that we might receive from cash settlement of a forward sales agreement related to follow-on public equity offerings or our ATM Program could jeopardize our ability to meet the REIT qualification requirements.

•A risk of changes in the tax law applicable to REITs.

•U.S. federal tax reform legislation could affect REITs generally, our tenants, the markets in which we operate, the price of our common stock and our results of operations.

•In order to preserve our REIT status, our charter limits the number of shares a person may own, which may discourage a takeover that could result in a premium price for our common stock or otherwise benefit our stockholders.

Risks Related to Ownership of Our Securities

•Changes in market conditions could adversely affect the market price of our publicly traded common stock.

•Changes in our dividend policy and the dividends we pay may be subject to significant change.

•Forward sales agreements related