Slide 1: Convenience Automotive Retail Corporate Profile and Supplemental Information October 2025
CONVENIENCE AUTOMOTIVE RETAIL CORPORATE PROFILE and SUPPLEMENTAL INFORMATION OCTOBER 2025
Slide 2: Safe Harbor Statements
SAFE HARBOR STATEMENTS Forward Looking Statements 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 strateg
Slide 3: Table of Contents
TABLE OF CONTENTS CORPORATE PROFILE SUPPLEMENTAL INFORMATION Business Update Page 4 Top Tenants Page 28 Company 5 Top Markets 29 Portfolio 11 Lease Expirations 30 Balance Sheet and Other 20 Rent Escalations 31 Definitions 24 Rent Coverage 32 Redevelopment Activity 33 Debt and Credit Metrics 34 Reven
Slide 4: Business Update: Consistent Execution, Consistent Results
BUSINESS UPDATE: CONSISTENT EXECUTION, CONSISTENT RESULTS o Invested $237 million at an 7.9% initial cash yield YTD (1) INVESTMENT o Acquired 27 drive-thru QSRs, 22 c-stores, 9 auto service centers and 5 express tunnel car washes ACTIVITY o More than $75 million of investments under contract; majori
Slide 5: Company
Slide 6: One of the Nation's Largest Owners of Freestanding Convenience and Automotive Retail Properties
ONE OF THE NATION’S LARGEST OWNERS OF FREESTANDING CONVENIENCE AND AUTOMOTIVE RETAIL PROPERTIES 1,160 44 $210M Properties States ABR PROPERTY TYPES LOCATIONS TENANTS Convenience Stores Nationwide Multi Store Operators Express Tunnel Car Washes High Density Metro Areas National and Regional Brands Au
Slide 7: Experts in Originating, Underwriting, and Executing Real Estate Transactions
EXPERTS IN ORIGINATING, UNDERWRITING, AND EXECUTING REAL ESTATE TRANSACTIONS IN OUR TARGETED RETAIL SECTORS INVESTMENT FOCUS TENANT RELATIONSHIPS o Highly fragmented retail sectors o Direct dialogue with growing retailers o Durable consumer business models o Align with tenant “buy & build” strategie
Slide 8: Growing Earnings and Dividends Per Share, While Maintaining Portfolio Stability
GROWING EARNINGS AND DIVIDENDS PER SHARE, WHILE MAINTAINING PORTFOLIO STABILITY… AFFO PER SHARE DIVIDENDS PER SHARE $2.34 $1.82 $2.25 $1.74 $2.14 $1.66 $2.08 $1.58 $1.50 $1.94 $1.42 $1.80 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 OCCUPANCY RENT COLLECTIONS TENANT RENT COVERAGE (1)
Slide 9: Diversifying Across Property Type, Geography and Tenant
…AND DIVERSIFYING ACROSS PROPERTY TYPE, GEOGRAPHY AND TENANT PROPERTY TYPE (% ABR) December 31, 2019 September 30, 2025 <1% 1% 3% Convenience Stores + Car Wash 8% <1% 15% in 2019 <1% Express Tunnel Car Washes 6% <1% Auto Service Centers $117M $210M ABR ABR + Auto Service 63% Drive Thru QSRs in 2021
Slide 10: Demonstrated Capital Allocation and Balance Sheet Management Capabilities
DEMONSTRATED CAPITAL ALLOCATION AND BALANCE SHEET MANAGEMENT CAPABILITIES CAPITAL RAISED ($M) (1)(2) CAPITAL DEPLOYED ($M) $327 8.3% $113M unsettled $309 $75M+ assets $294 7.9% forward equity under contract $252 $237 7.2% $200 $209 $149 $145 $158 7.3% $120 $92 7.0% $86 6.8% 6.7% $35 2019 2020 2021 2
Slide 11: Portfolio
Slide 12: Freestanding Retail Properties Offering Essential Goods and Services
FREESTANDING RETAIL PROPERTIES OFFERING ESSENTIAL GOODS AND SERVICES CONVENIENCE & AUTOMOTIVE RETAIL REAL ESTATE PROPERTY TYPES PROPERTY ATTRIBUTES o Convenience Stores o New builds / latest prototypes o Express Tunnel Car Washes o Easy access o Auto Service Centers o High visibility – Tire & Batter
Slide 13: National Footprint with Concentrations in High Density Metropolitan Areas
NATIONAL FOOTPRINT WITH CONCENTRATIONS IN HIGH DENSITY METROPOLITAN AREAS 1,160 44 61% 68% FREESTANDING STATES TOP 50 MSAs CORNER MARKET SPOTLIGHT: PHOENIX, AZ PROPERTIES LOCATIONS MSA Rank: 10 Population: 5.2 million 2020-24 Population Growth: 6.9% (1) GTY ABR (2.6% of total) $3.3M $1.9M $0.2M C-St
Slide 14: Growing Convenience Retailers and Automotive Service Providers
GROWING CONVENIENCE RETAILERS AND AUTOMOTIVE SERVICE PROVIDERS TENANT PROFILE CREDIT ENHANCEMENTS MULTI-STORE OPERATORS SECTOR SELECTION $210 MILLION ABR o Scale and purchasing power o Essential retail businesses o Strong credit profiles o E-commerce and recession resistant 99.8% OCCUPIED o Growth o
Slide 15: Representative Investment: Convenience Stores
REPRESENTATIVE INVESTMENT: CONVENIENCE STORES INVESTMENT SUMMARY Transaction Type: Sale Leaseback # of Properties: 12 Transaction Value: $100.0 million Location: Houston (TX) Lease Term: 15.0 years Rent Escalation: 10% / 5 years UW Rent Coverage (1): 2.3x INVESTMENT HIGHLIGHTS TENANT PROFILE Cohesiv
Slide 16: Representative Investment: Express Tunnel Car Washes
REPRESENTATIVE INVESTMENT: EXPRESS TUNNEL CAR WASHES INVESTMENT SUMMARY Transaction Type: Sale Leaseback # of Properties: 6 Transaction Value: $24.5 million Location: Various Lease Term: 20.0 years Rent Escalation: 2.0% annual UW Rent Coverage (1): 3.5x INVESTMENT HIGHLIGHTS TENANT PROFILE Large, mo
Slide 17: Representative Investment: Auto Service Centers
REPRESENTATIVE INVESTMENT: AUTO SERVICE CENTERS INVESTMENT SUMMARY Transaction Type: Sale Leaseback # of Properties: 9 Transaction Value: $22.3 million Location: Southeast Lease Term: 15.0 years Rent Escalation: 2.0% annual UW Rent Coverage (1): 3.1x INVESTMENT HIGHLIGHTS TENANT PROFILE Stabilized p
Slide 18: Representative Investment: Drive Thru Quick Service Restaurants
REPRESENTATIVE INVESTMENT: DRIVE THRU QUICK SERVICE RESTAURANTS INVESTMENT SUMMARY Transaction Type: Sale Leaseback # of Properties: 14 Transaction Value: $17.7 million Location: Georgia, South Carolina Lease Term: 20.0 years Rent Escalations: 10% / 5 years UW Rent Coverage (1): 2.2x INVESTMENT HIGH
Slide 19: Completed Redevelopment Projects Totaling $24.0 Million at 15% Incremental Yields
COMPLETED 34 REDEVELOPMENT PROJECTS TOTALING $24.0 MILLION AT 15% INCREMENTAL YIELDS PROPERTY TYPE: Drive Thru Retail DEVELOPMENT TYPE: Ground Lease TOTAL INVESTMENT: $0.7 million INCREMENTAL YIELD: 8.0% LOCATION: Boston, MA PROPERTY TYPE: Restaurant DEVELOPMENT TYPE: Build-to-Suit TOTAL INVESTMENT:
Slide 20: Balance Sheet and Other
Slide 21: Ample Liquidity and Flexible Capital Structure Support Portfolio Growth Objectives
AMPLE LIQUIDITY AND FLEXIBLE CAPITAL STRUCTURE SUPPORT PORTFOLIO GROWTH OBJECTIVES ACCESS TO CAPITAL BBB- 5.1x 36% 37% o $5 million cash o $113 million unsettled forward equity FITCH NET DEBT DEBT TO TOTAL DEBT TO TOTAL o $260 million Revolver capacity RATED TO EBITDA ASSET VALUE CAPITALIZATION CAPI
Slide 22: Peer Comparison Implies Getty Valuation May Be Disconnected from Company Performance
PEER COMPARISON IMPLIES GETTY VALUATION MAY BE DISCONNECTED FROM UNDERLYING COMPANY PERFORMANCE AFFO PER SHARE GROWTH DIVIDEND PER SHARE GROWTH NET DEBT / EBITDA (1) FY2019 - FY2024 FY2024 FY2019 - FY2024 FY2024 4.4x 10.0% 6.0% GTY 4.8x 8.0% 5.0% GTY GTY 5.2x 6.0% 4.0% GTY 4.0% GTY 3.0% 5.6x 2.0% 2.
Slide 23: Commitment to Good Corporate Citizenship and Business Practices
COMMITMENT TO GOOD CORPORATE CITIZENSHIP AND BUSINESS PRACTICES THAT SERVE ALL STAKEHOLDERS ENVIRONMENTAL STEWARDSHIP SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE o We place a high priority on the protection o We believe that our people are the o We are dedicated to maintaining high of our assets and
Slide 24: Definitions
CONVENIENCE AUTOMOTIVE RETAIL DEFINITIONS
Slide 25: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO). In addition The Company believes that FFO and AFFO are helpful to analysts and investors in to measurements defined by accounting principles generally accepted in the United measuring the Company’s per
Slide 26: Other Metrics and Definitions
OTHER METRICS AND DEFINITIONS Annual Base Rent (ABR). Contractually specified annual base rent in effect Incremental Yield. For redevelopment projects, the amount of incremental for all leases that have commenced as of the date noted, including those rent generated by the redeveloped property divide
Slide 27: Supplemental Information
CONVENIENCE AUTOMOTIVE RETAIL SUPPLEMENTAL INFORMATION
Slide 28: Top Tenants
TOP TENANTS TOP 20 TENANTS # Tenant Sector $ ABR % of ABR # Tenant Sector $ ABR % of ABR 1 ARKO C-Store $ 25.1 12.0% 11 Capitol Petroleum C-Store $ 5.4 2.5% 2 Global Partners C-Store 22.2 10.6 12 Main Street Auto Auto Service 4.9 2.3 3 United Pacific C-Store 17.6 8.4 13 LV Petroleum C-Store 4.8 2.3
Slide 29: Top Markets
TOP MARKETS TOP 20 METRO AREAS TOP 20 STATES # Metro Area $ ABR % of ABR # State $ ABR % of ABR 1 New York / New Jersey $ 27.3 13.0% 1 New York $ 31.7 15.1% 2 Washington D.C. 13.2 6.3 2 Texas 28.8 13.7 3 Boston 9.0 4.3 3 South Carolina 11.0 5.2 4 Columbia (SC) 7.7 3.7 4 Virginia 10.8 5.1 5 Las Vegas
Slide 30: Lease Expirations
LEASE EXPIRATIONS LEASE EXPIRATION SCHEDULE (% of ABR) o 99.8% occupied 55.3% o 9.9 years WALT 8.9% 6.1% 5.9% 5.4% 5.6% 4.4% 4.0% 3.0% 0.1% 1.1% 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035+ 30
Slide 31: Rent Escalations
RENT ESCALATIONS RENT ESCALATIONS (% of ABR) o 99.2% subject to rent escalation 68.0% o 1.8% annualized rent escalation rate 24.0% 6.7% 0.2% 0.3% 0.8% Annual Every 3 or 4 Years Every 5 Years Every 3 Years Every 5 Years None Fixed = 92.2% CPI = 7.0% 31
Slide 32: Rent Coverage
RENT COVERAGE RENT COVERAGE (% of ABR) o 73% site level reporting o 2.6x tenant rent coverage 20.7% 20.9% 14.4% 14.1% 11.8% 11.4% 6.3% 0.0% 0.4% < 1.00x 1.00x - 1.49x 1.50x - 1.99x 2.00x - 2.49x 2.50x - 2.99x > 3.00x Not Public Company No Reporting Available (1) Reporting Site level reporting Note:
Slide 33: Redevelopment Activity
REDEVELOPMENT ACTIVITY IN-PROGRESS REDEVELOPMENTS ($000s) Anticipated Total Investment as of Market Property Type Investment (1) 9/30/2025 Expected Completion New York/New Jersey Auto Service $ 565 $ 100 2026 New York/New Jersey Auto Service 486 32 2026 New York/New Jersey Auto Service 510 62 2027 T
Slide 34: Debt and Credit Metrics
DEBT AND CREDIT METRICS $450M REVOLVER CAPITALIZATION AND LEVERAGE Floating Fixed Market value of common equity $ 1,589.1 Outstanding: $40.0 $150.0 Total debt outstanding 940.0 Pricing: Adj. SOFR + 130 bps 6.13% Total capitalization $ 2,529.1 Maturity: January 2029 Extensions: Two 6-month Less: cash
Slide 35: Revenues from Rental Properties and Property Costs
REVENUES FROM RENTAL PROPERTIES AND PROPERTY COSTS REVENUES FROM RENTAL PROPERTIES $ in thousands Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Rental Income Base rent (1) $ 52,068 $ 46,919 $ 151,668 $ 136,344 Additional rent (2) 193 441 637 802 Deferred rental
Slide 36: FFO and AFFO Reconciliation
FFO AND AFFO RECONCILIATION RECONCILIATION OF NET EARNINGS TO FFO AND AFFO $ in thousands, except per share amounts Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net earnings $ 23,348 $ 15,335 $ 52,148 $ 48,769 Depreciation and amortization of real estate asset
Slide 37: Convenience Automotive Retail Getty Realty Corp.
CONVENIENCE AUTOMOTIVE RETAIL Getty Realty Corp. 292 Madison Avenue 9th Floor New York, NY 10017 646-349-6000