8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


      Date of Report (Date of earliest event reported): September 26, 2003


                               Getty Realty Corp.
                       ---------------------------------
               (Exact name of registrant as specified in charter)



          Maryland                 001-13777               11-3412575
          --------                 ---------               ----------
         (State of                (Commission            (IRS Employer
       Organization)              File Number)         Identification No.)



125 Jericho Turnpike, Suite 103
Jericho, New York                                            11753
- -----------------------------------------------------        -----
(Address of principal executive offices)                   (Zip Code)


Registrant's Telephone Number, including area code:  (516) 478-5400
                                                     --------------

Former name or former address, if changed since last report:  Not Applicable








Item 5.  Other Events


         Getty Realty Corp., a Maryland corporation ("Getty") announced on
September 26, 2003, that shareholders of 98% of the Series A Participating
Convertible Redeemable Preferred Stock (NYSE - GTY PrA) exercised their right to
convert their shares into shares of the Company's Common Stock (NYSE - GTY)
prior to redemption. These shareholders converted 2,816,919 shares of Preferred
Stock into 3,186,355 shares of Common Stock at the conversion rate of 1.1312
shares of Common Stock for each share of Preferred Stock so converted, and
received cash in lieu of fractional shares of Common Stock.

         The remaining 48,849 shares of the issued and outstanding Preferred
Stock were redeemed as of September 24, 2003 for an aggregate amount, including
accrued dividends through the call date, of approximately $1,234,000. Holders of
redeemed Preferred Stock will receive $25.00 for each share plus a mandatory
redemption dividend of $.27118 per share. The Preferred Stock has ceased
accruing dividends and trading on the NYSE.

         Separately, Mr. Liebowitz commented he is pleased that, as the Company
anticipated, almost all of the preferred shareholders have elected to convert
their preferred shares into common shares, continuing their investment in the
Company.

         On September 26, 2003, Getty issued a press release announcing the
results of redemption of its Series A Preferred Shares, which press release is
attached hereto as Exhibit 99.1 and incorporated herein by reference.











                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                       Getty Realty Corp.
                                          (Registrant)



Date:  September 26, 2003              By:  /s/ Thomas J. Stirnweis
                                            ------------------------------------
                                              Thomas J. Stirnweis
                                                Vice President, Treasurer and
                                                Chief Financial Officer








INDEX TO EXHIBITS

Exhibit             Description

Exhibit 99.1        Press Release, dated September 26, 2003, issued by Getty
                    Realty Corp.

EX-99.1

RELEASE:  IMMEDIATE

                   GETTY REALTY CORP. ANNOUNCES THE RESULTS OF
                   REDEMPTION OF ITS SERIES A PREFERRED SHARES

         JERICHO, N.Y., September 26, 2003 - Leo Liebowitz, President and Chief
Executive Officer of Getty Realty Corp. (NYSE - GTY), reported today that
shareholders of 98% of the Series A Participating Convertible Redeemable
Preferred Stock (NYSE - GTY PrA) exercised their right to convert their shares
into shares of the Company's Common Stock (NYSE - GTY) prior to redemption.
These shareholders converted 2,816,919 shares of Preferred Stock into 3,186,355
shares of Common Stock at the conversion rate of 1.1312 shares of Common Stock
for each share of Preferred Stock so converted, and received cash in lieu of
fractional shares of Common Stock.

         The remaining 48,849 shares of the issued and outstanding Preferred
Stock were redeemed as of September 24, 2003 for an aggregate amount, including
accrued dividends through the call date, of approximately $1,234,000. Holders of
redeemed Preferred Stock will receive $25.00 for each share plus a mandatory
redemption dividend of $.27118 per share. The Preferred Stock has ceased
accruing dividends and trading on the NYSE.

         Mr. Liebowitz stated, "I am pleased that, as we anticipated, almost all
of the preferred shareholders have elected to convert their preferred shares
into common shares, continuing their investment in the Company."

         Getty Realty Corp. is a real estate investment trust specializing in
the ownership and leasing of retail motor fuel and convenience store properties
as well as petroleum distribution terminals. The Company owns and leases
approximately 1,100 properties in the Eastern United States.

         CERTAIN STATEMENTS IN THIS NEWS RELEASE MAY CONSTITUTE "FORWARD LOOKING
STATEMENTS" WITHIN THE MEANING OF PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. WHEN USED HEREIN, THE WORDS "BELIEVES", "EXPECTS", "PLANS", "ESTIMATES"
AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS.
SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE AND
ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING
STATEMENTS.

Contact:   Thomas J. Stirnweis
           (516) 478-5403