Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2025

Summary of Changes in Stockholders' Equity

A summary of the changes in stockholders’ equity for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands except per share amounts):


	Common Stock				Accumulated Other Comprehensive			Additional Paid-in			Dividends Paid In Excess
	Shares		Amount		Income			Capital			Of Earnings			Total
Balance, March 31, 2025		55,441	$	554	$	(2,237	)	$	1,099,862		$	(137,059	)	$	961,120
Net earnings		—		—		—			—			14,014			14,014
Accumulated other comprehensive income		—		—		183			—			—			183
Dividends declared — $0.47 per share		—		—		—			—			(27,394	)		(27,394	)
Shares issued pursuant to equity offering, net		1,150		12		—			32,751			—			32,763
Shares issued pursuant to ATM Program, net		—		—		—			(70	)		—			(70	)
Shares issued pursuant to dividend reinvestment		1		—		—			16			—			16
Stock-based compensation/settlements		—		—		—			1,790			—			1,790
Balance, June 30, 2025		56,592	$	566	$	(2,054	)	$	1,134,349		$	(150,439	)	$	982,422

Balance, December 31, 2024		55,027	$	550	$	(1,864	)	$	1,088,390		$	(124,993	)	$	962,083
Net earnings		—		—		—			—			28,800			28,800
Accumulated other comprehensive loss		—		—		(190	)		—			—			(190	)
Dividends declared — $0.94 per share		—		—		—			—			(54,246	)		(54,246	)
Shares issued pursuant to equity offering, net		1,150		12		—			32,751			—			32,763
Shares issued pursuant to ATM Program, net		407		4		—			10,938			—			10,942
Shares issued pursuant to dividend reinvestment		1		—		—			32			—			32
Stock-based compensation/settlements		7		—		—			2,238			—			2,238
Balance, June 30, 2025		56,592	$	566	$	(2,054	)	$	1,134,349		$	(150,439	)	$	982,422


	Common Stock				Accumulated Other Comprehensive			Additional Paid-in			Dividends Paid in Excess
	Shares		Amount		Income			Capital			of Earnings			Total
Balance, March 31, 2024		53,967	$	540	$	(1,573	)	$	1,053,510		$	(102,325	)	$	950,152
Net earnings		—		—		—			—			16,711			16,711
Accumulated other comprehensive income		—		—		522			—			—			522
Dividends declared — $0.45 per share		—		—		—			—			(25,047	)		(25,047	)
Shares issued pursuant to equity offering, net		—		—		—			(10	)		—			(10	)
Shares issued pursuant to ATM Program, net		218		2		—			7,269			—			7,271
Shares issued pursuant to dividend reinvestment		—		—		—			15			—			15
Stock-based compensation and settlements		—		—		—			1,420			—			1,420
Balance, June 30, 2024		54,185	$	542	$	(1,051	)	$	1,062,204		$	(110,661	)	$	951,034

Balance, December 31, 2023		53,953	$	540		(4,021	)	$	1,053,129		$	(94,096	)	$	955,552
Net earnings		—		—		—			—			33,434			33,434
Accumulated other comprehensive income		—		—		2,970			—			—			2,970
Dividends declared — $0.90 per share		—		—		—			—			(49,999	)		(49,999	)
Shares issued pursuant to equity offering, net		—		—		—			(58	)		—			(58	)
Shares issued pursuant to ATM Program, net		218		2		—			7,203			—			7,205
Shares issued pursuant to dividend reinvestment		—		—		—			30			—			30
Stock-based compensation and settlements		14		—		—			1,900			—			1,900
Balance, June 30, 2024		54,185	$	542	$	(1,051	)	$	1,062,204		$	(110,661	)	$	951,034

Summary of Activity under ATM Program in connection with Forward Sale Agreements

The following table summarizes activity under our ATM Program in connection with forward sales agreements for the six months ended June 30, 2025 and 2024 ($ in thousands):


	June 30, 2025
Period Entered Into Forward Sales Agreements	Shares Sold		Shares Settled		Shares Remaining		Net Proceeds Received		Anticipated Gross Proceeds Remaining
Three Months Ended June 30, 2024		406,727		406,727		—	$	10,942	$	—
Three Months Ended December 31, 2024		992,696		—		992,696		—		32,277
Total		1,399,423		406,727		992,696	$	10,942	$	32,277


	June 30, 2024
Period Entered Into Forward Sales Agreements	Shares Sold		Shares Settled		Shares Remaining		Net Proceeds Received		Anticipated Gross Proceeds Remaining
Three Months Ended June 30, 2023		217,561		217,561		—	$	7,205	$	—
Three Months Ended December 31, 2023		831,489		—		831,489		—		24,561
Three Months Ended June 30, 2024		406,727		—		406,727		—		11,382
Total		1,455,777		217,561		1,238,216	$	7,205	$	35,943

GETTY REALTY CORP /MD/ 10-Q