Getty Realty Raises FY2026 AFFO Guidance After Strong Q2, AFFO Up 14.5%
GTY sits 40% above its 52-week low of $25.39.
Summary
Getty Realty reported Q2 2026 AFFO of $38.9M, up 14.5% YoY, and raised FY2026 AFFO guidance to $2.52-$2.54 per share. The company invested $172.1M YTD and has over $95M under contract, with a strong balance sheet and no near-term debt maturities.
Key Events · Earnings and Guidance · GTY
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Q2 AFFO Up 14.5%
Adjusted Funds From Operations rose to $38.9 million in Q2 2026, a 14.5% increase year-over-year, driven by acquisitions and contractual rent escalations.
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FY2026 Guidance Raised
Full-year AFFO per share guidance increased to $2.52-$2.54 from $2.50-$2.52, reflecting strong year-to-date performance and a robust investment pipeline.
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YTD Investments of $172.1M
The company deployed $172.1 million year-to-date at a 7.6% initial cash yield, acquiring 36 properties across convenience stores, car washes, auto service centers, and QSRs.
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Lease Extensions Add Stability
Six unitary leases representing $14.2 million (6.1% of total ABR) were extended year-to-date, contributing to a 10.3-year weighted average lease term.
Analysis · GTY · Real Estate & Construction
Getty Realty delivered a strong second quarter, with AFFO rising 14.5% to $38.9 million and AFFO per share up 5.1% to $0.62. The company raised its full-year 2026 AFFO guidance to $2.52-$2.54 per share, reflecting confidence in its acquisition pipeline and lease extensions. The balance sheet remains solid with no debt maturities until 2028 and ample liquidity, supporting continued investment in convenience and automotive retail properties.
At the time of this filing, GTY was trading at $35.52 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $25.39 to $36.83. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.