Getty Realty underwriters exercise full over-allotment; 525k additional shares sold

GETTY REALTY CORP /MD/

Underwriters exercised 30-day option to purchase 525,000 shares of common stock at $30.10/share on August 6, 2024.
Company entered additional forward sale agreements with Bank of America, JPMorgan, and KeyBanc at an initial forward price of $28.896/share.
Company expects to physically settle additional forward agreements within ~1 year and receive net proceeds for acquisitions, debt repayment, or working capital.
No proceeds from the initial 3.5M shares sold; proceeds from forward settlement will be used for property acquisitions and general corporate purposes.

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