Getty Realty Corp /Md/

Balance Sheet and Capital Markets As of September 30, 2025, the Company had $940.0 million of total outstanding indebtedness consisting of (i) $750.0 million of senior unsecured notes with a weighted average interest rate of 4.1% and a weighted average maturity of 5.2 years, and (ii) $190.0 million outstanding on the Company’s unsecured revolving credit facility, of which $150.0 million bears interest at a fixed rate of 6.1%.

SEC original ↗Getty Realty Corp /Md/ — Earnings release (8-K exhibit)EX-99Oct 22, 2025

The Company defines AFFO as FFO excluding (i) certain revenue recognition adjustments (defined below), (ii) certain environmental adjustments (defined below), (iii) stock-based compensation, (iv) amortization of debt issuance costs and (v) other non-cash and/or unusual items that are not reflective of the Company’s core operating performance.

SEC original ↗Getty Realty Corp /Md/ — Earnings release (8-K exhibit)EX-99Oct 22, 2025

For acquisitions of real estate, we estimate the fair value of acquired tangible assets (consisting of land, buildings and improvements) as if vacant and identified intangible assets and liabilities (consisting of leasehold interests, intangible market lease assets and liabilities, in-place leases and tenant relationships) and assumed debt.

SEC original ↗Getty Realty Corp /Md/ — 10-Q Quarterly report10-QOct 22, 2026

Therefore, we estimated our incremental borrowing rate to discount the lease payments based on information available and considered factors such as interest rates available to us on a fully collateralized basis and terms of the leases.

SEC original ↗Getty Realty Corp /Md/ — 10-Q Quarterly report10-QOct 22, 2026

Matters related to our former Newark, New Jersey Terminal and the Lower Passaic River, and our MTBE litigations in the states of Pennsylvania and Maryland, in particular, could cause a material adverse effect on our business, financial condition, results of operations, liquidity, ability to pay dividends or stock price.

SEC original ↗Getty Realty Corp /Md/ — 10-Q Quarterly report10-QOct 22, 2026

(NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today its financial and operating results for the quarter ended September 30, 2025.

SEC original ↗Getty Realty Corp /Md/ — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Non-GAAP Financial Measures In addition to measurements defined by accounting principles generally accepted in the United States of America (“GAAP”), the Company also focuses on Funds From Operations (“FFO”) and Adjusted Funds From Operations (“AFFO”) to measure its performance.

SEC original ↗Getty Realty Corp /Md/ — Earnings release (8-K exhibit)EX-99Oct 22, 2025

The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates of fair value that affect the reported amounts of assets and liabilities and disclosure of assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the period reported using a hierarchy (the Fair Value Hierarchy ) that prioritizes the inputs to valuation techniques used to measure the fair value.

SEC original ↗Getty Realty Corp /Md/ — 10-Q Quarterly report10-QOct 22, 2026

The Fair Value Hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

SEC original ↗Getty Realty Corp /Md/ — 10-Q Quarterly report10-QOct 22, 2026

The change in environmental expenses for the nine months ended September 30, 2025 was primarily due to the reduction in estimates related to unknown environmental liabilities and an increase in environmental litigation accruals.

SEC original ↗Getty Realty Corp /Md/ — Earnings release (8-K exhibit)EX-99Oct 22, 2025

The guidance is based on current assumptions and is subject to risks and uncertainties more fully described in this press release and the Company’s periodic reports filed with the SEC.

SEC original ↗Getty Realty Corp /Md/ — Earnings release (8-K exhibit)EX-99Oct 22, 2025

These forward-looking statements are based on management’s current beliefs and assumptions and information currently available to management and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.

SEC original ↗Getty Realty Corp /Md/ — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Legal Proceedings 43 Item 1A.

SEC original ↗Getty Realty Corp /Md/ — 10-Q Quarterly report10-QOct 22, 2026

Estimates, judgments and assumptions underlying the accompanying consolidated financial statements include, but are not limited to, real estate, receivables, deferred rent receivable, direct financing leases, depreciation and amortization, impairment of long-lived assets, environmental remediation costs, environmental remediation obligations, litigation, accrued liabilities, income taxes and the allocation of the purchase price of properties acquired to the assets acquired and liabilities assumed.

SEC original ↗Getty Realty Corp /Md/ — 10-Q Quarterly report10-QOct 22, 2026

Application of these estimates and assumptions requires exercise of judgment as to future uncertainties and, as a result, actual results could differ materially from these estimates.

SEC original ↗Getty Realty Corp /Md/ — 10-Q Quarterly report10-QOct 22, 2026