Getty Realty ( (GTY) ) has released its Q2 earnings. Here is a breakdown of the information Getty Realty presented to its investors.
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Getty Realty Corp., a net lease Real Estate Investment Trust (REIT), specializes in convenience and automotive retail real estate across the United States. The company recently reported its second quarter 2025 financial results, highlighting a robust investment activity and an increase in full-year earnings guidance.
In the second quarter of 2025, Getty Realty achieved net earnings of $0.24 per share, with Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) at $0.49 and $0.59 per share, respectively. The company invested $66.1 million across 28 properties, with an additional $18.5 million invested post-quarter, reflecting an 8.1% initial cash yield. The company’s committed investment pipeline stands at over $90 million for the development and acquisition of 36 properties.
The company’s rental income showed significant growth, with a 9.9% increase in base rental income for the quarter compared to the previous year. This growth was driven by new property acquisitions and contractual rent increases. However, there was a noted decrease in interest income from notes and mortgages receivable due to a reduction in outstanding receivables.
Getty Realty’s strategic focus on expanding its portfolio through acquisitions and development funding has been a key driver of its financial performance. The company sold three properties for $3.2 million, recording a gain of $1.6 million, and has a strong balance sheet with $925 million in outstanding debt.
Looking forward, Getty Realty has increased its 2025 AFFO guidance, reflecting confidence in its ongoing investment activities and stable portfolio performance. The company remains well-positioned for continued growth in the latter half of 2025.