Getty Realty Q4 rental income rises, reaffirms 2026 AFFO per share guidance

Getty Realty

11/02/2026 21:14

Overview

Company invested $135.4 mln in Q4 at a 7.9% initial cash yield

Q4 rental income grew 12.5% yr/yr driven by acquisitions and rent increases

Outlook

Getty Realty reaffirms 2026 AFFO guidance of $2.48 to $2.50 per share

Company has $100 mln investment pipeline for development and acquisition

Result Drivers

RENTAL INCOME GROWTH - Base rental income increased 12.5% yr/yr due to acquisitions and contractual rent increases

INVESTMENT STRATEGY - Invested $135.4 mln in Q4 at a 7.9% yield, focusing on convenience and automotive retail properties

REDUCED PROPERTY COSTS - Lower property operating expenses due to reductions in real estate taxes and rent expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Rental Income
$59.14 mln
Q4 EPS
$0.45
Q4 Net Earnings
$27.04 mln
Q4 Adjusted FFO
$37.57 mln
Q4 FFO
$37.98 mln
Q4 Adjusted FFO Per Share
$0.63
Q4 FFO Per Share
$0.64


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $32.50, about 4.1% above its February 10 closing price of $31.22

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nGNX5qGdRx

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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.)