Getty Realty Reports Strong Q2 Performance and Raises Full-Year Guidance
Getty Realty Corporation (NYSE: GTY) reported strong second-quarter results, surpassing expectations with a 5.1% increase in adjusted funds from operations (AFFO) per share to $0.62. The company raised its full-year 2026 AFFO guidance for the second time this year to between $2.52 and $2.54 per share, reflecting continued investment activity and a stable tenant performance. During Q2, Getty invested $128.3 million primarily in automotive service and drive-through quick-service restaurant (QSR) properties, achieving an initial cash yield of 7.4%. The company also added six new tenants during the quarter and maintained nearly full occupancy at its portfolio with a rate of 99.8%, excluding redevelopment projects. Getty's balance sheet remains strong, with leverage within target levels and over $570 million in liquidity. CEO Christopher Constant emphasized the firm’s focused investment strategy as key to differentiating itself in the market.
Tickers: $GTY
Topics: affo_growth guidance_update real_estate