GETTY REALTY CORP /MD/ — Director's Dealing 2004

Feb 25, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GETTY REALTY CORP /MD/ (GTY)
CIK: 0001052752
Period of Report: 2004-02-24

Reporting Person: COVIELLO PHILIP E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-24	Common Stock	C	5000	$17.19	Acquired	20656	Direct
2004-02-24	Common Stock	C	5000	$11.13	Acquired	25656	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-24	Stock Option (right to buy)	$17.19	C		Disposed	2007-12-16	Common Stock (5000)	Direct
2004-02-24	Stock Option (right to buy)	$11.13	C		Disposed	2009-12-17	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4000	Indirect

Footnotes

F1: Upon the date first exercisable, 25% of the grant is vested and an additional 25% of the grant vests each year thereafter.