Getty Realty Corp. (NYSE: GTY) has announced the pricing of an underwritten public offering of 4 million shares of common stock, generating approximately $131 million in gross proceeds. The net lease REIT, which specializes in convenience store and automotive retail properties, priced the offering through book-running managers J.P. Morgan Securities and Wells Fargo Securities. The transaction is expected to close on February 19, 2026.
The company intends to deploy the net proceeds from the offering toward property acquisitions, debt repayment, and general corporate purposes. This capital raise represents a strategic financing initiative for Getty Realty as it seeks to expand its real estate portfolio while managing its balance sheet obligations. The offering comes as REITs in the net lease sector continue to pursue growth opportunities in essential retail segments.
Getty Realty operates a diversified portfolio of net lease properties serving the convenience retail and automotive sectors, two segments that have demonstrated resilience in the broader commercial real estate market. The current offering expands the company's equity capital base to support its strategic objectives.