Companies /Real Estate
Getty Realty Corp
NYSE: GTY Reit - Retail
$27.55
▼ $0.49 (−1.75%) today
Markets closed · 7:17pm ET

Getty Realty (GTY) Q3 2026 Earnings

Reported Oct 21, 2026, 4:45pm ET · SEC source
$0.64
Beat +82.86%
EPS · est. $0.35 Adjusted

AFFO excludes $1,850 thousand in retirement and severance costs related to former executive officer departures, $373 thousand in impairment charges, $320 thousand in environmental expenses, and $5,433 thousand in gains on dispositions of real estate

$63.0M
Beat +5.65%
Revenue · est. $59.6M
5 quarters
Consecutive EPS beats

How Did GTY Stock React to Q3 2026 Earnings?

% change · around the report
0+2%+4%Oct 21Oct 22report 4:45pm ETearnings−1.2%+3.6%
0+2%+4%Oct 21Oct 22earnings−1.2%+3.6%
GTY +3.6%S&P 500 −1.2%
−3%0+3%Oct 21Oct 22report 4:45pm ETearnings−2.9%+3.6%
−3%0+3%Oct 21Oct 22earnings−2.9%+3.6%
GTY +3.6%NASDAQ −2.9%
−2%0+2%+4%Oct 20Oct 28report 4:45pm ETearnings−0.4%+0.3%
−2%0+2%+4%Oct 20Oct 28earnings−0.4%+0.3%
GTY +0.3%S&P 500 −0.4%
−2%0+2%+4%Oct 20Oct 28report 4:45pm ETearnings−0.8%+0.3%
−2%0+2%+4%Oct 20Oct 28earnings−0.8%+0.3%
GTY +0.3%NASDAQ −0.8%
+3.57%
Day of report
−1.55%
Next session

Did GTY Beat Earnings? Q3 2026 Results

Yes. Getty Realty reported Q3 2026 earnings of $0.64 a share on Oct 21, 2026, beating the $0.35 consensus estimate by 82.9%. Revenue was $63.0M against a $59.6M estimate.

Getty Realty Corp. delivered a standout third quarter, posting adjusted AFFO of $0.64 per diluted share against a consensus estimate of $0.35, an 82.86% beat that reflected the accelerating payoff of the net lease REIT's aggressive acquisition program. Revenue climbed 13.3% year over year to $62.99 million, also ahead of the $59.62 million analysts had expected, driven primarily by a 13.8% surge in base rental income as the company's expanded portfolio of convenience and automotive retail properties began contributing fully to results. The quarter's defining story was deployment, with Getty investing $297.40 million across 68 properties at a 6.9% initial cash yield, including its $261.00 million Refuel convenience store transaction, pushing year-to-date investment activity past $502.30 million. Management punctuated the strong results by narrowing and raising full-year 2026 AFFO guidance to $2.53 to $2.54 per diluted share, while also announcing a 3.1% increase in the quarterly cash dividend to $0.50 per share, marking the 13th consecutive year of dividend growth for common shareholders.

Key Takeaways
  • 13.8% growth in base rental income driven by incremental revenue from recently acquired properties and contractual rent increases for in-place leases
  • Year-to-date AFFO per share growth of 5.0%
  • Invested $297.4 million across 68 properties at a 6.9% initial cash yield during Q3 2026
  • Year-to-date investments exceeding $500 million at a 7.2% initial cash yield

“Getty has delivered strong results thus far in 2026, highlighted by a 5.0% increase in year-to-date AFFO per share, and more than $500 million of year-to-date investments.”

Getty Realty CEO, on the earnings call

What Is Getty Realty's Outlook?

Getty increased its 2026 full-year AFFO guidance to a range of $2.53 to $2.54 per diluted share, up from the prior range of $2.52 to $2.54 per diluted share. The guidance includes completed transaction activity as of October 21, 2026, but excludes prospective acquisitions, dispositions, or capital markets activities including the settlement of outstanding forward sale agreements. The company has a committed investment pipeline of more than $75 million for the development and/or acquisition of 29 convenience and automotive retail properties.

GTY YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$20.0M$40.0M$60.0M$55.6M$63.0MRevenue$34.8M$38.9MOperating Income$23.3M$25.6MNet Income
$0$20.0M$40.0M$60.0MRevenueOperating IncomeNet Income
GTY income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $63.0M $55.6M +13.3%
Operating Income $38.9M $34.8M +11.8%
Net Income $25.6M $23.3M +9.7%

GTY Revenue by Segment

Rental Income$60.8M+13.7%
Revenues from Rental Properties
Tenant Reimbursement Income$1.5M
Interest on Notes and Mortgages Receivable$725,000

Figures from SEC filings and company reports. Not investment advice.