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GETTY REALTY CORP MD

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 13, 2025

GTY$28.56-0.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31,2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

COMMISSION FILE NUMBER 001-13777

GETTY REALTY CORP.

(Exact name of registrant as specified in its charter)

Maryland11-3412575
(State or other jurisdiction ofincorporation or organization)(I.R.S. employeridentification no.)
292 Madison Avenue, 9th FloorNew York, New York 10017-6318
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (646)349-6000

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par valueGTYNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:

None

(Title of Class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

The aggregate market value of common stock held by non-affiliates (based on 49,219,371 shares of common stock at a closing price per share of the registrant’s common stock on the New York Stock Exchange at $26.66) of the Company was $1,312,200,000 as of June 30,2024.

The registrant had outstanding 55,027,697 shares of common stock as of February 13, 2025.

DOCUMENTS INCORPORATED BY REFERENCE

Selected Portions of Definitive Proxy Statement for the 2025 Annual Meeting of Stockholders (the “Proxy Statement”), which will be filed by the registrant on or prior to 120 days following the end of the registrant’s year ended December 31, 2024, pursuant to Regulation 14A.III
Auditor’s PCAOB ID Number:238Auditor’s Name:PricewaterhouseCoopers LLPAuditor’s LocationNew York, New York

TABLE OF CONTENTS

ItemDescriptionPage
Cautionary Note Regarding Forward-Looking Statements3
PART I
1Business5
1ARisk Factors9
1BUnresolved Staff Comments23
1CCybersecurity23
2Properties24
3Legal Proceedings26
4Mine Safety Disclosures29
PART II
5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities30
6Reserved31
7Management’s Discussion and Analysis of Financial Condition and Results of Operations32
7AQuantitative and Qualitative Disclosures About Market Risk45
8Financial Statements and Supplementary Data46
9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure78
9AControls and Procedures78
9BOther Information78
9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections78
PART III
10Directors, Executive Officers and Corporate Governance79
11Executive Compensation79
12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters79
13Certain Relationships and Related Transactions, and Director Independence79
14Principal Accountant Fees and Services79
PART IV
15Exhibits and Financial Statement Schedules80
Exhibit Index101
Signatures105
ContentsView on SEC.gov

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