Slide 1: Convenience Automotive Retail Corporate Profile and Supplemental Information
CONVENIENCE AUTOMOTIVE RETAIL CORPORATE PROFILE and SUPPLEMENTAL INFORMATION July 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 Results, Positive Momentum
BUSINESS UPDATE: CONSISTENT RESULTS, POSITIVE MOMENTUM o Invested $95.5 million at an 8.1% initial cash yield YTD (1) INVESTMENT o Acquired 12 drive-thru QSRs, 7 auto service centers, 7 express tunnel car washes, and 6 c-stores ACTIVITY o More than $90.0 million of investments under contract; majori
Slide 5: Company
i AEA FEESE capuey
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 1,137 44 $204M 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 June 30, 2025 <1% 1% 2% Convenience Stores + Car Wash 8% <1% 15% in 2019 <1% Express Tunnel Car Washes 6% <1% Auto Service Centers $117M $204M ABR ABR + Auto Service 63% Drive Thru QSRs in 2021 20% 8
Slide 10: Demonstrated Capital Allocation and Balance Sheet Management Capabilities
DEMONSTRATED CAPITAL ALLOCATION AND BALANCE SHEET MANAGEMENT CAPABILITIES CAPITAL RAISED ($M) (1)(2) CAPITAL DEPLOYED ($M) $327 8.3% $119M unsettled $309 $90M+ assets $294 forward equity under contract $252 8.1% $200 $209 7.2% $149 $158 $145 $120 7.3% $92 $86 $96 7.0% 6.8% 6.7% 2019 2020 2021 2022 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 1,137 44 61% 69% 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 $204 MILLION ABR o Scale and purchasing power o Essential retail businesses o Strong credit profiles o E-commerce and recession resistant 99.7% OCCUPIED o Growth o
Slide 15: Representative Investment: Convenience Stores
REPRESENTATIVE INVESTMENT: CONVENIENCE STORES INVESTMENT SUMMARY Transaction Type: Development Funding + SLB # of Properties: 5 Transaction Value: $29.8 million Location: Charleston (SC) + Austin (TX) Lease Term: 15.0 years Rent Escalation: 10% / 5 years UW Rent Coverage (1): 2.0x INVESTMENT HIGHLIG
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: 4 Transaction Value: $9.3 million Location: Mississippi Lease Term: 20.0 years Rent Escalations: 2% annual INVESTMENT HIGHLIGHTS TENANT PROFILE Modern prototypes, rece
Slide 19: Completed Redevelopment Projects Totaling $22.8 Million at 15% Incremental Yields
COMPLETED 33 REDEVELOPMENT PROJECTS TOTALING $22.8 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- 5.2x 36% 37% o $7 million cash o $119 million unsettled forward equity FITCH NET DEBT DEBT TO TOTAL DEBT TO TOTAL o $275 million Revolver capacity RATED TO EBITDA ASSET VALUE CAPITALIZATION CAPI
Slide 22: Peer Comparison Implies Getty Valuation May Be Disconnected from 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 4.2x 10.0% 6.0% 5.0% GTY 4.7x 8.0% GTY 4.0% 5.2x GTY 6.0% GTY 3.0% 4.0% GTY 5.7x 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 $ 24.9 12.2% 11 Capitol Petroleum C-Store $ 5.4 2.6% 2 Global Partners C-Store 22.1 10.8 12 Main Street Auto Auto Service 4.9 2.4 3 United Pacific C-Store 16.4 8.1 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 $ 27.2 13.3% 1 New York $ 31.6 15.5% 2 Washington D.C. 13.1 6.4 2 Texas 27.7 13.6 3 Boston 9.0 4.4 3 Virginia 10.7 5.3 4 Las Vegas 7.4 3.6 4 South Carolina 10.3 5.1 5 Columbia (SC)
Slide 30: Lease Expirations
LEASE EXPIRATIONS LEASE EXPIRATION SCHEDULE (% of ABR) o 99.7% occupied o 10.0 years WALT 54.4% 8.9% 6.1% 6.0% 5.6% 6.3% 4.3% 4.1% 2.8% 0.3% 1.2% 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035+ 30
Slide 31: Rent Escalations
RENT ESCALATIONS RENT ESCALATIONS (% of ABR) o 99% subject to rent escalation 68.6% o 1.8% annualized rent escalation rate 23.1% 6.9% 0.2% 0.3% 0.9% Annual Every 3 or 4 Years Every 5 Years Every 3 Years Every 5 Years None Fixed = 91.6% CPI = 7.5% 31
Slide 32: Rent Coverage
RENT COVERAGE RENT COVERAGE (% of ABR) o 73% site level reporting o 2.6x tenant rent coverage 21.5% 20.2% 15.8% 14.8% 12.8% 7.8% 5.9% 1.3% 0.0% < 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: S
Slide 33: Redevelopment Activity
REDEVELOPMENT ACTIVITY IN-PROGRESS REDEVELOPMENTS ($000s) Anticipated Total Investment as of Expected Market Property Type Investment (1) 3/31/2025 Completion Philadelphia, PA Auto Service $ 1,168 $ 237 2025 New York/New Jersey Auto Service 565 68 2026 New York/New Jersey Auto Service 486 31 2026 Ne
Slide 34: Debt and Credit Metrics
DEBT AND CREDIT METRICS $450M REVOLVER CAPITALIZATION AND LEVERAGE Floating Fixed Market value of common equity $ 1,543.8 Outstanding: $25.0 $150.0 Total debt outstanding 925.0 Pricing: Adj. SOFR + 130 bps 6.13% Total capitalization $ 2,468.8 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 March 31, Six Months EndedJune 30, 2025 2024 2025 2024 Rental Income Base rent (1) $ 49,976 $ 45,480 $ 99,598 $ 89,424 Additional rent (2) 204 249 445 361 Deferred rental revenue (str
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 Ma rc h 31, Six Months EndedJ une 30, 2025 2024 2025 2024 Net earnings $ 14,014 $ 16,711 $ 28,800 $ 33,434 Depreciation and amortization of real estate assets 14,917
Slide 37: Getty Realty Corp.
CONVENIENCE AUTOMOTIVE RETAIL Getty Realty Corp. 292 Madison Avenue 9th Floor New York, NY 10017 646-349-6000