Companies /Real Estate

Getty Realty Corp

NYSE: GTY Reit - Retail
$32.95
▼ $0.30 (−0.90%) today
Markets closed · 11:05pm ET

Q2 2026 Earnings

Reported Jul 22, 2026, 4:40pm ET · SEC source
$0.62
Beat +34.55%
EPS · est. $0.46
$59.1M
Miss −0.30%
Revenue · est. $59.2M
−7.2%
Trailing market
GTY vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0Jul 22Jul 23report 4:40pm ETearnings−1.3%−3.1%
−4%−2%0Jul 22Jul 23earnings−1.3%−3.1%
GTY −3.1%S&P 500 −1.3%
−4%−2%0Jul 22Jul 23report 4:40pm ETearnings−1.8%−3.1%
−4%−2%0Jul 22Jul 23earnings−1.8%−3.1%
GTY −3.1%NASDAQ −1.8%
−6%−3%0Jul 21Jul 30report 4:40pm ETearnings−0.8%−4.4%
−6%−3%0Jul 21Jul 30earnings−0.8%−4.4%
GTY −4.4%S&P 500 −0.8%
−6%−3%0Jul 21Jul 30report 4:40pm ETearnings−2.8%−4.4%
−6%−3%0Jul 21Jul 30earnings−2.8%−4.4%
GTY −4.4%NASDAQ −2.8%
−3.07%
Day of report
+0.26%
Next session
−1.35%
One week
−3.80%
30 days

S&P 500 over the same 30 days: +3.43%.

Did GTY Beat Earnings? Q2 2026 Results

Getty Realty Corp. delivered a standout second quarter for 2026, with funds from operations well ahead of expectations as the net lease REIT's aggressive acquisition push translated directly into earnings. The company posted AFFO of $0.62 per diluted share, beating the $0.46 consensus estimate by 34.55%, while total revenues climbed 10.9% year-over-year to $59.05 million, just shy of the $59.23 million analysts had projected. The primary driver was a surge in base rental income, up 13.2% year-over-year to $56.60 million, fueled by $128.30 million deployed across 42 properties during the quarter at a 7.4% initial cash yield, spanning drive-thru quick service restaurants, auto service centers, and express tunnel car washes. With year-to-date investment activity reaching $172.10 million at a blended 7.6% yield and a committed pipeline exceeding $95.00 million for 30 additional properties, management nudged its full-year 2026 AFFO guidance higher to $2.52 to $2.54 per diluted share, reflecting confidence in the durability of its convenience and automotive retail portfolio, now spanning 1,224 freestanding properties across 46 states.

Key Takeaways
  • 13.2% year-over-year growth in base rental income driven by recently acquired properties and contractual rent increases
  • $128.3 million invested across 42 properties at 7.4% initial cash yield during Q2 2026
  • Year-to-date investment activity totaling $172.1 million at 7.6% initial cash yield
  • Reduction in property operating expenses due to lower rent expense and reimbursable costs
  • Significant decline in environmental expenses from $5.3 million to $0.3 million year-over-year

“We are pleased to report another quarter of consistent financial and operating results highlighted by 5% year-over-year growth in AFFO per share, more than $170 million of year-to-date investments in high-quality convenience and automotive retail assets, and an increase to our 2026 earnings guidance.”

Getty Realty CEO, on the earnings call

Forward Guidance & Outlook

Getty Realty increased its 2026 full-year AFFO guidance to a range of $2.52 to $2.54 per diluted share, up from the prior range of $2.50 to $2.52 per diluted share. The guidance includes completed transaction activity as of July 22, 2026 but excludes prospective acquisitions, dispositions, or capital markets activities including the settlement of outstanding forward sale agreements. The company also noted a committed investment pipeline of more than $95.0 million for 30 convenience and automotive retail properties and approximately 5.8 million shares subject to outstanding forward sale agreements expected to raise approximately $190.5 million upon settlement.

GTY YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$20.0M$40.0M$60.0M$53.3M$59.1MRevenue$24.9M$34.9MOperating Income$14.0M$22.6MNet Income
$0$20.0M$40.0M$60.0MRevenueOperating IncomeNet Income

GTY Revenue by Segment

Revenues from Rental Properties
Interest on Notes and Mortgages Receivable

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