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Getty Realty ( (GTY) ) has provided an update.
On January 23, 2025, Getty Realty Corp. entered into a Third Amended and Restated Credit Agreement, expanding its senior unsecured revolving credit facility to $450 million, with options to extend the maturity date to January 2030. The company used this increased capacity to repay a $150 million senior unsecured term loan, enhancing its financial flexibility by eliminating debt maturities until June 2028, thereby positioning itself for growth and demonstrating strong lender support.
More about Getty Realty
Getty Realty Corp. is a publicly traded, net lease Real Estate Investment Trust (REIT) specializing in the acquisition, financing, and development of convenience, automotive, and other single tenant retail real estate. As of December 31, 2024, the company’s portfolio consisted of 1,118 freestanding properties located across 42 states in the United States and Washington, D.C.
YTD Price Performance: 5.75%
Average Trading Volume: 284,108
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.68B
See more data about GTY stock on TipRanks’ Stock Analysis page.
