---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-060010"
form_type: "8-K"
ticker: "GTY"
cik: "0001052752"
company_name: "GETTY REALTY CORP /MD/"
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T12:42:09.664106+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Getty Realty Corp. launches 3.45M share forward sale offering at $32.61/share

## Summary
- Underwriting agreement for 3,450,000 shares (including 450,000 option shares) at $32.61 per share.
- Company will not receive proceeds from initial sale; expects physical settlement within ~1 year for cash.
- Net proceeds to fund property acquisitions, repay revolving credit facility, and for general corporate purposes.
- Forward sale agreements with BofA Securities and J.P. Morgan; initial forward price $32.61 per share.

## SEC filing metadata
- accession: 0001193125-23-060010
- form_type: 8-K
- ticker: GTY
- cik: 0001052752
- company_name: GETTY REALTY CORP /MD/
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1052752/000119312523060010/0001193125-23-060010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1052752/000119312523060010/d472909d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-060010
- JSON: https://secwatch.observer/filing/0001193125-23-060010.json
- Plain text: https://secwatch.observer/filing/0001193125-23-060010.txt

## Key facts
- Material Agreements
  GETTY REALTY CORP /MD/ entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, Bank of America, N.A. and JPMorgan Chase Bank, National Association (effective 2023-02-28).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC, Bank of America, N.A. and JPMorgan Chase Bank, National Association
  - Effective: 2023-02-28
  source text: On February 28, 2023, Getty Realty Corp. (the “ Company ”) entered into an Underwriting Agreement (the “ Underwriting Agreement ”) with each of BofA Securities, Inc. and J.P. Morgan Securities LLC, as the underwriters and the forward sellers (together, in such capacities, the “ Underwriters ” and the “ Forward Sellers , ” as applicable) and each of Bank of America, N.A. and JPMorgan Chase Bank, National Association, as the forward purchasers (together, in such capacity, the “ Forward Purchasers ”), relating to the sale of 3,450,000 shares (the “ Shares ”) of common stock, par value $0.01 per share, of the Company (the “ Common Stock ”) offered by the Forward Sellers in connection with certain forward sale agreements described below (including 450,000 Shares offered pursuant to the Underwriters’ option to purchase additional shares, which option was exercised in full), at a price to the Underwriters of $32.61 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1052752/000119312523060010/0001193125-23-060010-index.htm
- Material Agreements
  GETTY REALTY CORP /MD/ entered into Forward Sale Agreements with each of Bank of America, N.A. and JPMorgan Chase Bank, National Association (effective 2023-02-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: each of Bank of America, N.A. and JPMorgan Chase Bank, National Association
  - Effective: 2023-02-28
  source text: In connection with the offering, the Company entered into separate forward sale agreements (the “ Forward Sale Agreemen ts ”) with each Forward Purchaser.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1052752/000119312523060010/0001193125-23-060010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.