Getty Realty Reports Q3 2026 Growth Driven by Acquisitions and Rent Increases
Getty Realty (GTY) reported strong third-quarter 2026 results, highlighted by a 13.8% year-over-year increase in base rental income to $59.3 million. This growth was primarily fueled by recent property acquisitions and contractual rent escalations. Adjusted Funds From Operations (AFFO) per share rose 3.2% year-over-year to $0.64, while the company maintained its momentum in capital deployment with total year-to-date investments reaching $502.3 million. The company's strategic focus on convenience stores was underscored by the $261 million Refuel transaction, acquiring 41 modern format locations. Despite a challenging interest rate environment, Getty Realty maintains high portfolio occupancy at 99.7% and continues its streak of dividend growth, announcing a quarterly dividend of $0.50 per share. Management tightened full-year AFFO guidance to a range of $2.53 to $2.54 per share.
Tickers: $GTY
Topics: Acquisitions AFFO per Share Base Rental Income Dividend Increase Financial Guidance
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