Getty Realty Q3 rental income rises 13.8% on acquisitions, lifts FY guidance

Getty Realty

21/10/2026 21:13

Overview
US net lease REIT's Q3 rental income rose 13.8% yr/yr, driven by acquisitions and rent hikes
Adjusted FFO per share increased to $0.64 from $0.62 a year earlier
Company completed over $500 mln in year-to-date investments and raised 2026 AFFO guidance

Outlook
Getty Realty raises 2026 AFFO guidance to $2.53-$2.54 per share from $2.52-$2.54
Getty Realty notes disciplined capital allocation in current market environment

Result Drivers
PROPERTY ACQUISITIONS - Co said increased rental income was driven by incremental revenue from recently acquired properties
CONTRACTUAL RENT INCREASES - Co said rent hikes for existing leases contributed to rental income growth
LOWER PROPERTY COSTS - Co said improvement in property operating expenses was due to a decrease in rent expense and lower reimbursable and non-reimbursable expenses

Company press release: ID:nGNX8FDc01

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rental Income
 
$60.81 mln
 
Q3 EPS
 
$0.40
 
Q3 Net Earnings
 
$25.61 mln
 
Q3 Adjusted FFO
 
$41.15 mln
 
Q3 FFO
 
$38.87 mln
 
Q3 Adjusted FFO Per Share
 
$0.64
 
Q3 FFO Per Share
 
$0.61
 

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 $36.00, about 28.4% above its October 20 closing price of $28.04
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Oct 20 - Agree Realty Q3 net income per share up 18.5%; raises FY26 AFFO guidance
Oct 21 - Real estate investment trust UDR raises 2026 outlook
Oct 21 - Sweden's Neobo Q3 profit from property management rises on lower costs

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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.)