Slide 1: Investor Presentation
Investor Presentation Exhibit 99.1
Slide 2: Safe Harbor Statement
Safe Harbor Statement 1 Certain statements in this Presentation constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are statements that relate to management’s expectations or beliefs, future plans and strategies, future financial perf
Slide 3: Investment Highlights
Investment Highlights 2 1 National Retail Net Lease Portfolio Targeting Mature, High Growth Markets 2 Increasingly Institutional Quality Credit Tenant Base with Long-Term Triple-Net Leases 5 Ongoing Process to Repurpose, Reposition, Redevelop Locations to Maximize Value 3 Attractive Industry Fundame
Slide 4: Company Overview
Company Overview
Slide 5: Corporate History
Corporate History 1955: Leo Liebowitz and Milton Safenowitz purchase a gas station in New York City 1985: Acquires the northeastern retail petroleum distribution and marketing assets, and Getty® trademark for retail petroleum from Texaco 1971: Getty grows its portfolio to roughly 75 service stations
Slide 6: Executive Management Team
Executive Management Team Christopher J. Constant, President, Chief Executive Officer, Director Promoted to President and Chief Executive Officer in January 2016 Joined in November 2010 as Director of Planning & Corporate Development and was later promoted to Treasurer in May 2012, Vice President in
Slide 7: National Net Lease Portfolio
National Net Lease Portfolio 842 properties (747 fee simple, 95 leased) located in 23 states plus Washington, D.C. 804 net lease portfolio properties 38 transitional properties 97% occupied $33.7 million mortgage portfolio (1) (9-9.5% yield) Pro forma for repayment of $13.9 million mortgage by Ramoc
Slide 8: Investment Overview
Investment Overview
Slide 9: Attractive Net Lease Portfolio
Mature, Infill Markets High replacement costs Time consuming zoning restrictions Limited new development Prime Locations and Corners Mature transportation grid High daily traffic counts Optimal corners with traffic lights, high visibility and easy access Close proximity to freeway entrances or exit
Slide 10: Stable Long-Term Lease Structure
Stable Long-Term Lease Structure Stable Long-Term Leases with Rent Escalators Sustainable cash flows supported by long-term triple-net leases Contractual rent increases of 1.0% to 2.0% with coverage of 1.5x – 2.0x or more Unitary tenant credit visibility via station and tenant financial statements M
Slide 11: Top Tenants: High-Quality, Diversified Tenant Base
Top 10 Tenants (1) High-Quality, Diversified Tenant Base Total annualized base rent: Credit rated, national tenants (53%) Regional unitary tenants (42%) Individual tenants (5%) Rank Tenant % of ABR Rank Tenant % of ABR 1 * 19% 6 + 7% 2 * 18% 7 + 6% 3 + 16% 8 * 3% 4 + 9% 9 * 2% 5 * 8% 10 + 2% Based o
Slide 12: Convenience Stores Dominate Retail Landscape
Convenience Stores Dominate Retail Landscape 11 Number of convenience stores in service has remained steady over last 10 years (1) More than 152,000 properties (84% selling fuel) represents 34% of all retail outlets 63% of stores are single-store chains Stable Operator Performance (1) Convenience st
Slide 13: Large Market Opportunity
Large Market Opportunity Ability to underwrite unit level and entity level credit Ability to underwrite real estate and execute redevelopment to achieve highest and best use Established record of managing and remediating environmental concerns in a highly regulated industry Proven ability to source
Slide 14: Getty Growth Platform
Getty Growth Platform Embedded growth derived from long-term triple-net leases 1% to 2% contractual annual rent increases Remaining transitional properties create upside Repositioning continues to drive occupancy increases Net positive to portfolio profitability Demonstrated ability to execute on re
Slide 15: Acquisition Case Study – United Oil
Acquisition Case Study – United Oil $214.5 million Acquisition of 77 Properties in June 2015 Financed with a combination of long-term fixed rate debt and credit facility borrowings Tenant is United Oil, a leading regional convenience store and gasoline station operator Operates ~400 locations in the
Slide 16: Redevelopment Case Study – Mattress Firm
Salem, New Hampshire Property acquired in 1986 and previously leased to Getty Petroleum Marketing, Inc. Re-leased in 2012 Vacant as of 2015 Property Attributes Well located retail location at traffic corner Several large shopping centers with major retailers adjacent to the site Surrounded by other
Slide 17: Financial Overview
Financial Overview
Slide 18: Income Growth, Scalable G&A
Income Growth, Scalable G&A AFFO and FFO are non-GAAP measures. For a description of how Getty calculates AFFO and FFO and for a reconciliation to Net Earnings, see Item 6 (Selected Financial Data) in the Annual Report on our Form 10-K for the year ended December 31, 2015 and the Appendix to this pr
Slide 19: Strong Balance Sheet
Strong Balance Sheet Revolving Credit Facility $175 million senior unsecured Matures in 2018 and has a one-year extension option LIBOR +195 to 325 bps based on Company leverage Bank Term Loan $50 million senior unsecured Matures in 2020 LIBOR +190 to 320 bps based on Company leverage Prudential Seri
Slide 20: Consistent Dividend Growth
Quarterly Dividends Declared per Share Consistent Dividend Growth Excludes special dividends of $0.05, $0.14 and $0.22 per share in Q4 2013, Q4 2014 and Q4 2015, respectively.
Slide 21: Investment Highlights
Investment Highlights 21 1 National Retail Net Lease Portfolio Targeting Mature, High Growth Markets 2 Increasingly Institutional Quality Credit Tenant Base with Long-Term Triple-Net Leases 5 Ongoing Process to Repurpose, Reposition, Redevelop Locations to Maximize Value 3 Attractive Industry Fundam
Slide 22: Appendix
Appendix
Slide 23: Reconciliation of Net Income to AFFO
Reconciliation of Net Income to AFFO AFFO and FFO are non-GAAP measures. For a description of how Getty calculates AFFO and FFO see Item 6 (Selected Financial Data) in the Annual Report on our Form 10-K for the year ended December 31, 2015.