Company: GTY
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000950170-25-058063
Chunk: 5

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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The following discussion and analysis of financial condition and results of operations should be read in conjunction with the sections entitled “Item 1A. Risk Factors” and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2024; and “Part I, Item 1. Financial Statements” in this Quarterly Report on Form 10-Q.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this Quarterly Report on Form 10-Q may constitute “forward-looking statements” within the meaning of the federal securities laws that are subject to the safe harbor created under the Private Securities Litigation Reform Act of 1995, including Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Statements preceded by, followed by, or that otherwise include the words “believes,” “expects,” “seeks,” “plans,” “projects,” “estimates,” “anticipates,” “predicts” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and are not historical facts. All capitalized and undefined terms used in this section shall have the same meanings hereafter defined in this Quarterly Report on Form 10-Q.

Examples of forward-looking statements included in this Quarterly Report on Form 10-Q include, but are not limited to, our statements regarding:

•our network of convenience stores, express tunnel car washes, automotive service centers, and certain other freestanding retail properties, including drive-thru quick service restaurants and automotive parts retailers; 

•our investment strategy and its impact on our financial performance;

•changes in market conditions affecting our tenants and their financial stability and creditworthiness, which would impact their compliance with lease obligations; 

•concentration of certain tenants in similar industries or concentration of our owned and leased properties in certain geographic locations;

•the amount of revenue we expect to realize from our properties, including renewal of existing leases, sale, acquisition or redevelopment opportunities;

•our belief that our real estate assets are not carried at amounts in excess of their estimated net realizable fair value amounts; 

•compliance of our properties with federal, state, and local provisions enacted or adopted pertaining to environmental matters; 

•our ability to maintain our