Getty Realty Q2 Rental Income Jumps 11%, Lifts 2026 AFFO Guidance to $2.52-$2.54
GTY sits 41% above its 52-week low of $25.39.
Summary
Getty Realty delivered a strong Q2 with rental income up 11% YoY to $58.55M, driven by acquisitions and contractual rent hikes. The company reported net income of $22.6M, or $0.36 per share, on revenue of $59.1M. Adjusted FFO per share rose 5% to $0.62, and the company raised its full-year 2026 AFFO guidance to $2.52-$2.54, reflecting $172M in year-to-date investments and a committed pipeline of over $95M across 30 properties. This follows a solid Q1 and signals sustained momentum in the net lease REIT's growth strategy. The raised outlook and robust investment pipeline suggest continued earnings expansion, though the stock trades near its 52-week high, which may temper immediate upside.
At the time of this announcement, GTY was trading at $35.81 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.