Company: GTY
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019976
Chunk: 14

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1A
Chunk 14
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We are subject to various risks, many of which are beyond our control. As a result of these and other factors, we may experience material fluctuations in our future operating results on a quarterly or annual basis, which could materially and adversely affect our business, financial condition, results of operations, liquidity, ability to pay dividends or stock price. An investment in our stock involves various risks, including those mentioned below and elsewhere in this Annual Report on Form 10-K and those that are described from time to time in our other filings with the SEC.

Summary of Risk Factors

Our business is subject to risks and uncertainties, including those risks and uncertainties discussed at-length below, that could cause our actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, the following:

Risks Related to Our Business and Operations

•The risks inherent in owning or leasing real estate. 

•The real estate industry is highly competitive. 

•Our future cash flow is dependent on the performance of our tenants of their lease obligations, renewal of existing leases and either re-leasing or selling our properties.

•Significant number of our tenants depend on the same industry for their revenues. 

•It may be difficult for our investors to determine the creditworthiness of most of our tenants.

•An increase in costs and liability accruals as a result of environmental laws and regulations could adversely affect our business. 

•We are defending pending lawsuits and claims that may subject us to material losses. 

•We may be subject to losses that may not be covered by insurance. 

•The relative concentration of a material number of our properties in the Northeast and Mid-Atlantic regions of the United States, and adverse conditions in those regions, in particular, could negatively impact our operations.

•Property taxes on our properties may increase without notice. 

•Our business operations may not generate sufficient cash for distributions or debt service.

•Adverse developments in general business, economic or political conditions could have a material adverse effect on us.

•Global political and economic uncertainties, including public health crises and geopolitical conflicts, and their related impact on macroeconomic conditions may adversely impact the market on which our common stock trades, our tenants’ businesses and the markets in which we operate, our operations and our results of operations.

•Our exposure to counterparty risk.

•Inflation may adversely affect our financial condition and results of operations.

•Our assets may be subject to impairment charges. 

•Our accounting policies and methods require management to make estimates, judgments and assumptions about matters that