Getty Realty Q2 adjusted FFO beats expectations, raises 2025 earnings guidance

Overview

• Getty Realty Q2 adjusted FFO per share beats analyst expectations

• Company increases 2025 full-year earnings guidance

• Getty Realty invested $66.1 mln in 28 properties during Q2

Outlook

• Company raises 2025 AFFO guidance to $2.40-$2.41 per share

• Company's guidance reflects investment activity and tenant bankruptcy resolution

Result Drivers

• INVESTMENT ACTIVITY - Getty Realty invested $66.1 mln in 28 properties at an 8.1% initial cash yield, driving rental income growth

• RENTAL INCOME GROWTH - Base rental income rose 9.9% due to new property acquisitions and contractual rent increases

• EARNINGS GUIDANCE - Co increased 2025 full-year earnings guidance, citing positive business momentum and stable portfolio performance

Key Details

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 16.1% above its July 22 closing price of $27.28

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nGNX96K9fc