Getty Realty Q3 AFFO $0.64/Share; 2026 Guidance Raised to $2.53–$2.54
GTY is trading near its 52-week low of $26.91 (4.4% above the low).
Summary
Getty Realty reported Q3 AFFO of $0.64 per share and raised the low end of 2026 AFFO guidance to $2.53–$2.54. Year-to-date investments reached $502.3M at a 7.2% initial cash yield, funded partly by $164.6M of settled forward equity.
Key Events · Earnings and Guidance · GTY
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Q3 AFFO $0.64 Per Share
For the quarter ended September 30, 2026, net earnings were $25.6M ($0.40/share), FFO $38.9M ($0.61/share) and AFFO $41.1M ($0.64/share).
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2026 AFFO Guidance Raised
Full-year AFFO guidance was lifted to $2.53–$2.54 per diluted share from $2.52–$2.54; year-to-date AFFO per share is up 5.0%.
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$502.3M Year-to-Date Investments
Q3 deployment totaled $297.4M across 68 properties at a 6.9% initial cash yield, plus $46.3M at 7.6% after quarter end; year-to-date that adds up to $502.3M at 7.2%.
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$75M Committed Pipeline
As of October 21, 2026, agreements were executed for 29 convenience and automotive retail properties, with timing dependent on counterparties' development schedules.
Analysis · GTY · Real Estate & Construction
The quarter itself was in line, with Q3 AFFO of $0.64 per share, and full-year AFFO guidance was nudged to $2.53–$2.54 from $2.52–$2.54. Capital deployment is the bigger story: $502.3M invested year-to-date at a 7.2% initial cash yield, including the $261M Refuel sale-leaseback, with a $75M committed pipeline still to close. That spread over a 4.5% weighted-average cost of unsecured notes is what drives per-share growth, and year-to-date AFFO per share is up 5.0%. Funding is the offset: 5.1M forward-sale shares settled for $164.6M and roughly 1.5M shares (~$51.8M) remain outstanding, so dilution is still working through the share count. With the stock near its 52-week low, the market is pricing skepticism about acquisition spreads and the cost of that equity, not about the quarter itself.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GTY was trading at $28.08 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $26.91 to $36.83. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.