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

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

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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