Exhibit 5.1
| | | | |
![LOGO](https://capedge.com/proxy/8-K/0001193125-21-061557/g138445g0226155918767.jpg) | | | | DLA Piper LLP (US) The Marbury Building 6225 Smith Avenue Baltimore, Maryland 21209-3600 www.dlapiper.com T 410.580.3000 F 410.580.3001 |
February 26, 2021
Getty Realty Corp.
Two Jericho Plaza, Suite 110
Jericho, New York 11753
| Re: | Registration Statement on Form S-3 |
Ladies and Gentlemen:
We have served as counsel to Getty Realty Corp., a Maryland corporation (the “Company”), in connection with the sale and issuance from time to time of shares (the “Shares”) of common stock, par value $0.01 per share (the “Common Stock”), of the Company, having a maximum aggregate offering price of $250,000,000, in at-the-market offerings, pursuant to (a) the Distribution Agreement, dated February 26, 2021 (the “Distribution Agreement”), by and among the Company and J.P. Morgan Securities LLC, BofA Securities, Inc., BTIG, LLC, Capital One Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, JMP Securities LLC, KeyBanc Capital Markets Inc., RBC Capital Markets and Robert W. Baird & Co. Incorporated, JPMorgan Chase Bank, National Association, Bank of America, N.A., Citibank, N.A. and Royal Bank of Canada, and (b) the Master Forward Confirmations, dated February 26, 2021 (the “Master Forward Confirmations”), by and among the Company and each of JPMorgan Chase Bank, National Association, Bank of America, N.A, Citibank, N.A., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., and Royal Bank of Canada.
In connection with our representation of the Company, and as a basis for the opinion expressed herein, we have reviewed originals or copies, certified or otherwise identified to our satisfaction, of the following documents (collectively, the “Documents”):
| (a) | the Registration Statement on Form S-3 (Registration No. 333-251977) of the Company, relating to the Shares, and all amendments thereto (collectively, the “Registration Statement”), filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”); |
| (b) | the Prospectus, dated January 8, 2021, included in the Registration Statement at the time it became effective upon filing (the “Base Prospectus”), as supplemented by a Prospectus Supplement, dated February 26, 2021, relating to the Shares (the “Prospectus Supplement” and, together with the Base Prospectus, the “Prospectus”), each in the forms as filed with the Commission; |
| (c) | the charter of the Company, represented by the Articles of Incorporation filed of record with the State Department of Assessments and Taxation of the State of Maryland (the “SDAT”) on December 23, 1997, as amended and supplemented by the Articles Supplementary filed of record with the SDAT on January 21, 1998, the Articles of Amendment filed of record |