Gas Station REIT Getty Realty beats Q3 AFFO estimates as rental income rises, lifts 2025 AFFO forecast

Getty Realty

22/10/2025 21:24

Overview

Getty Realty Q3 rental income grows 11.1% yr/yr, driven by acquisitions and rent increases

Adjusted FFO per share for Q3 beats analyst expectations, reflecting strong operational performance

Company increases 2025 full-year earnings guidance, indicating confidence in future growth

Outlook

Getty Realty increases 2025 AFFO guidance to $2.42-$2.43 per diluted share

Company has a $75 mln investment pipeline for 22 properties

Getty Realty expects to fund investment activity over next 9-12 months

Result Drivers

INVESTMENT ACTIVITY - Getty invested $56.3 mln in 29 properties during Q3 at an 8.0% yield, with additional $103.4 mln invested post-quarter

RENTAL INCOME GROWTH - Base rental income increased 11.1% due to acquisitions and rent hikes

EXPENSE REDUCTION - Property operating expenses decreased due to lower reimbursable taxes and rent expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rental Income
$53.47 mln
Q3 EPS
$0.40
Q3 Net Earnings
$23.34 mln
Q3 Adjusted FFO
Beat
$36.10 mln
$0.60 (7 Analysts)
Q3 FFO
$38.69 mln
Q3 Adjusted FFO Per Share
$0.62
Q3 FFO Per Share
$0.66


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Getty Realty Corp is $32.00, about 14% above its October 21 closing price of $27.52

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nGNX9ypndB

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)