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Getty Realty (GTY)
:GTY
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 0.93%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
Getty Realty reported strong financial performance and growth in 2024, with significant investments in high-quality assets and a robust increase in revenue and dividends. However, the bankruptcy of Zips Car Wash poses a challenge, affecting several leased sites and impacting future guidance. While the company has effectively managed its capital and maintained high occupancy rates, it faces market challenges and potential cap rate compression moving forward.Company Guidance
During the Getty Realty Fourth Quarter 2024 Earnings Call, several key metrics and guidance for 2025 were discussed. The company reported a 14.5% increase in annualized base rent, totaling approximately $198 million, and an AFFO per share of $2.34, which exceeded the high end of their guidance range and marked a 4% increase over the prior year. Getty Realty invested $209 million in 2024 across 78 properties with a focus on convenience and automotive retail sectors. The company raised $289 million in capital and has a strong capital position with significant liquidity, including $85 million worth of assets under contract. For 2025, Getty provided AFFO per share guidance of $2.38 to $2.41, accounting for potential impacts from the Zips Car Wash bankruptcy, which affects 1.8% of their total annualized base rent. The company remains committed to its diversification strategy, having grown its total ABR by approximately 70% since the end of 2019, with a focus on increasing rental income from non-convenience and gas properties.Strong Financial Performance
Getty Realty reported AFFO per share of $2.34 for 2024, a 4% increase over the previous year, and exceeded the high end of their guidance range.
Significant Investment and Growth
Invested $209 million in high-quality convenience and automotive retail assets, raised $289 million of attractively priced capital, and expanded their presence in top MSAs around the U.S.
Robust Revenue and Dividend Growth
Annualized base rent grew by 14.5% to approximately $198 million, with a sector-leading dividend increase reflecting strong revenue and earnings growth.
High Occupancy and Long Lease Terms
Portfolio occupancy was 99.7%, with a weighted average lease term of 10.2 years, indicating stability in their property holdings.
Successful Capital Management
Getty Realty closed on $125 million of new unsecured notes and refinanced their revolving credit facility, extending terms and increasing capacity to $450 million.
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GTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $30.12 | $30.95 | +2.76% |
| Oct 23, 2024 | $31.77 | $32.12 | +1.10% |
| Jul 24, 2024 | $29.83 | $30.84 | +3.39% |
| Apr 25, 2024 | $25.80 | $25.69 | -0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Getty Realty (GTY) report earnings?
Getty Realty (GTY) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Getty Realty (GTY) earnings time?
Getty Realty (GTY) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GTY EPS forecast?
GTY EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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