Getty Realty Raises 2026 AFFO Guidance as Q3 Rent Jumps 13.8%
GTY is trading near its 52-week low of $26.91 (6.7% above the low).
Summary
Getty Realty nudged its 2026 AFFO guidance to $2.53–$2.54 per share from $2.52–$2.54, a small but positive revision for an income-focused REIT, and reported Q3 2026 AFFO of $0.64 per share, net earnings of $0.40 per share and FFO of $0.61 per share. Q3 base rental income rose 13.8% year over year to $59.3M, driven by acquisitions and rent escalators. Year-to-date investments hit $502.3M at a 7.2% initial cash yield, including $297.4M deployed in Q3 alone at 6.9%, showing the acquisition pipeline is executing. This follows the $260.9M Refuel sale-leaseback closed in late September and the $200M term loan at 5.03% closed October 19 that refinanced revolver borrowings; the company also removed the revolver pricing CSA, trimming its SOFR spread by 10 bp. The spread between mid-7% acquisition yields and roughly 5% debt cost keeps new deals accretive, though the guidance raise itself is only a penny at the top end.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Getty Realty's Q3 2026 AFFO was $0.64 per share, with net earnings of $0.40 per share and FFO of $0.61 per share.
At the time of this announcement, GTY was trading at $28.70 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 news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.