Overview

* Getty Realty ( GTY ) Q3 rental income grows 11.1% yr/yr, driven by acquisitions and rent increases

* Adjusted FFO per share for Q3 beats analyst expectations, reflecting strong operational performance

* Company increases 2025 full-year earnings guidance, indicating confidence in future growth

Outlook

* Getty Realty ( GTY ) increases 2025 AFFO guidance to $2.42-$2.43 per diluted share

* Company has a $75 mln investment pipeline for 22 properties

* Getty Realty ( GTY ) expects to fund investment activity over next 9-12 months

Result Drivers

* INVESTMENT ACTIVITY - Getty invested $56.3 mln in 29 properties during Q3 at an 8.0% yield, with additional $103.4 mln invested post-quarter

* RENTAL INCOME GROWTH - Base rental income increased 11.1% due to acquisitions and rent hikes

* EXPENSE REDUCTION - Property operating expenses decreased due to lower reimbursable taxes and rent expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $53.47

Rental mln

Income

Q3 EPS $0.40

Q3 Net $23.34

Earnings mln

Q3 Beat $36.10 $0.60 (7

Adjusted mln Analysts

FFO )

Q3 FFO $38.69

mln

Q3 $0.62

Adjusted

FFO Per

Share

Q3 FFO $0.66

Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 ( GTY ) is $32.00, about 14% above its October 21 closing price of $27.52

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

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)