Deal Details
Getty Completes $105.4 Million Follow-On Offering
Summary
Getty Realty Corp. (“Getty” or the “Company”) (NYSE: GTY) recently completed a follow-on offering (the “Offering”) of 3,500,000 shares of common stock at a public offering price of $30.10 per share, generating gross proceeds of approximately $105.4 million. The Company has granted the underwriters of the offering a 30-day option to purchase 525,000 additional shares of common stock. The Company intends to use the net proceeds from the offering to fund property acquisitions to repay indebtedness outstanding under its revolving credit facility for working capital and other general corporate purposes.
Baird served as a co-manager on this offering.
About
Getty is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of June 30, 2024, the Company’s portfolio included 1,124 freestanding properties located in 42 states across the United States and Washington, D.C. Getty is headquartered in New York, New York.CONTACT US TO LEARN MORE
- Date
- August 2024
- Company
- Getty Realty Corp.
- Transaction
- Equity Capital Markets
- Sectors
- Real Estate
- Verticals
-
Real Estate
- Target Geography
- North America
Share
