GTJ REIT, Inc. Extends Revolver & Term Loan Maturities to Aug 5, 2027

What Happened

• GTJ REIT, Inc. (through its operating partnership, GTJ Realty, LP) filed an 8-K reporting that on July 30, 2026 it extended the maturity dates of its credit facilities. The $40 million revolving credit facility and the $20 million term loan facility were extended from August 5, 2026 to August 5, 2027. The extension was made under the First Amended and Restated Credit Agreement (originally dated October 22, 2021, with prior amendments) with KeyBank National Association as agent and lender and First Financial Bank as lender.

Key Details

• Extension date: July 30, 2026 (effective maturity: August 5, 2027).
• Facilities affected: $40 million revolving credit commitment and $20 million term loan (outstanding principal).
• Extension fee: 20 basis points (0.20%) applied to the $40M revolver commitment and the $20M outstanding term loan principal.
• Parties: GTJ Realty, LP (Operating Partnership) as borrower; GTJ REIT, Inc. and certain subsidiaries as guarantors; KeyBank National Association (agent/lender) and First Financial Bank (lender).

Why It Matters

• The one-year maturity extension preserves GTJ’s access to its $40M revolver and keeps the $20M term loan in place through August 5, 2027, which supports short-term liquidity and avoids an immediate refinancing or repayment requirement. The modest 20 bps fee indicates the lenders required a small cost to extend the facilities. Investors should view this as a financing/timing decision that affects the company’s near-term capital structure and liquidity position.