Getty Realty Corp. plans to sell up to $125.0 million of its common shares in at-the-market offerings from time to time.
The company signed a distribution agreement March 9 with J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., KeyBanc Capital Markets Inc., RBC Capital Markets LLC, BTIG LLC, Capital One Securities Inc. and JMP Securities LLC for the sale of the shares.
Separately, the single-tenant net-lease real estate investment trust is proposing to amend its charter to increase the number of its authorized shares to 120.0 million from 70.0 million. The proposed share increase will be up for a vote at the company's annual shareholder meeting May 8.
