Slide 1: Getty Realty Investor Presentation
Exhibit 99.1 Getty Realty Investor Presentation
Slide 2: Safe Harbor Statement
Safe Certain beliefs, forward-looking respect cause While update this (b) our looking contained in investors Unless securities date The 1does fact relating business, Presentation information of Harbor not the forward-looking transpire. or otherwise this to future statements statements, make are actu
Slide 3: Investment Highlights
1Investment 3Increasingly 2654Aggregation Attractive National Leases Consolidating Ongoing Strong Balance Retail Process Highlights Industry Institutional Opportunity Sector Net-Lease Sheet toFundamentals Repurpose, Positioned Quality with Portfolio Proven Credit Reposition, for with Targeting Abili
Slide 4: Company Overview
Company Overview
Slide 5: Executive Management Team
Executive Christopher President Mark Joshua Promoted Danion Joined 4Previously J.in Dicker, Fielding, Olear, November May February in to Management held J. May President Chief Senior Constant, 2014 EVP, SVP, various VP, 2013 Operating 2008 2016 Vice as Chief 2010 General Chief and Executive and real
Slide 6: National Net-Lease Portfolio
National 851 97.3% Weighted 82.7% 5$48.5 properties million occupied of Net-Lease our average properties mortgage (753lease Portfolio fee, term, portfolio have 98 leased) initial excluding (9-9.5% located leaserenewal terms yield) in 23expiring states options, plus inof2026 approximately Washington,
Slide 7: 2015 Accomplishments
2015 properties) 16% (109 77% (129 13.6% ($1.00 Redevelopment (multiple $400mm (55% $18mm (Ended Filled (Senior System 6(Operational Growth Decrease –fixed out Dividend per A the leadership Upgrades ofUnsecured Year projects Management share Income story rate efficiencies inof inNet /Pipeline annual
Slide 8: Investment Overview
Investment Overview
Slide 9: Attractive Mature, Limited Growth Portfolio Locations
Attractive Mature, Limited zoning “Grandfathered” Prime Mature High Optimal high Close or C- Stable, Increasing Alternative Retail, Assemblage, New Repositioning Garland, 8Chula exit Store visibility Paltz, replacement daily proximity Vista, Locations ramps Banking, restrictions yet transportation I
Slide 10: Sustainable Contractual Lease Structure
Sustainable Contractual Credit Majority Lease Weighted Stable 2.1% 82.7% 0.9% 9MTM 3.3% 0.8% are 2016 visibility Long-Term of of leases typically average 3.0% 1.6% triple-net cash 2017 rent mature via increases flows 3.7% 0.7% 2018 lease Leases Lease 15 station leases -0.3% supported 2019 in 20 term
Slide 11: High Quality Tenant Base
High 55% Tenant 1st Fortress 2nd Company 5th 6th IPO 8th Parent 9th NYSE: World’s 11th 10 chain NYSE: Petroleum NYSE: Ba2 NA Filed Baa1 of Quality Co., Co.: Credit Rank CAPL SUN Getty’s /largest Portfolio BB NA /GLP BP Crossamerica GPM Sunoco AA- Status Tenant /Rating NA NA BB A2 BBB C-store rental
Slide 12: Attractive C-Store Industry Fundamentals
Attractive C-Store largely More On 63% Consumers Average C-stores fuel Growth 1) 2) 11 Source: average volumes ofthan constant C-Stores in revenue C-store are Industry foodservice Number Future National 152,000 embracing gasoline expanding (2)over with has owned ofFundamentals of properties Associat
Slide 13: Aggregation Opportunity in Fragmented Industry
Aggregation Large greater Highly ownership Sale small, Stable Convenience 7.6% Average employed Operator volatility Industry Public Traditional Private The Proven Ability A Established 1) 2) 12 source Source: Getty / CAGR leaseback Market addressable capital Operator and MLPs than fragmented equity
Slide 14: Acquisition Financed with Credit Facility
Acquisition $214.5 Financed debt Tenant ›store 20 Attractive Site and Recognized Conoco Credit Properties term Agreement 13 features Operates Fortress yr. Washington Colorado located and supply and triple-net Enhancement is million and credit United gas with Investment Sites supplied ~400 contains –
Slide 15: Redevelopment of Getty's Properties
Redevelopment Getty’s neighborhoods Funding NNN Multi-use Sources Transitional Recapturing Supporting Acquiring Creating Capital Significant Diversifies Improves 14 single investment unique of of value tenant urban adjacent opportunities tenant economic upgrades tenants properties tenant through net
Slide 16: Redevelopment Case Study
Case million Salem, leased Re-leased Vacant Property Well Several retailers Surrounded lease Redevelopment $1.1 Corporate Holding Moody’s Rent 13% 15 After Beforereturn located commencement Study retail to as New large adjacent Corp. Attributes acquired Getty B1) of in guarantee stores on –by 2015 H
Slide 17: Financial Overview
Financial Overview
Slide 18: Revenue, FFO and AFFO Growth
Income Revenue % $120,000 100,000 80,000 1.5% 110,733 99,893 0.5% FFO Margin $80,000 42.7% 70,000 46.0% 60,000 45.3% 50,000 40,000 30,000 44.5% 50,957 20,000 44.0% -10,000 2014 1) 6Earnings, 2) presentation. 17 -(Selected 43.5% AFFO of Represents 0.0% ($ Assets 2015 42.5% 45.5% 39.5% 38.5% 12,000 9,
Slide 19: Strong Balance Sheet
Strong Revolving $175 extension Bank $50 LIBOR Company Prudential 6.0% $75 Matures Credit 5.35% Debt Variable Maturity $100 $120 $80 $60 2015 $0 $20 $40 18 million $75 $50 to million $94 2016 Term Statistics Balance Total +195 +190 in Rate Schedule option leverage Term Credit 2017 2018 2020 2021 202
Slide 20: Consistent Quarterly Dividend Growth
$0.41 Consistent Litigation Quarterly $0.35 $0.40 $0.45 $0.50 $0.30 $0.25 $0.15 $0.20 $0.10 Q1 $0.00 $0.05 190.05 0.24 2013 per $0.20 0.22 0.14 0.25 Q2 share Dividends settlement Dividend annual 2013 $ 0.20 in increase special Q3$Declared Growth Dispositions 0.20 2013dividends $in Q4 0.20 recurrin
Slide 21: Investment Highlights
1Investment 32Increasingly 654Aggregation 20 Attractive National Leases Consolidating Ongoing Strong Balance Retail Process Highlights Industry Institutional Opportunity Sector Net-Lease Sheet toFundamentals Repurpose, Positioned Quality with Portfolio Proven Credit Reposition, for with Targeting Ab
Slide 22: Appendix
Appendix
Slide 23: Reconciliation of Net Earnings to FFO and AFFO
Reconciliation (In Net Depreciation Gains Impairments FFO Revenue Acquisition Non-cash AFFO Weighted AFFO/Share 22 thousands, earnings $45,283 on $42,636 recognition dispositions average allowances environmental costs 21,534 $23,418 $1.28 and $69,133 except of $65,203 amortization Net 104 shares $1.