Companies /Real Estate

Getty Realty Corp

NYSE: GTY Reit - Retail
$32.87
▼ $0.08 (−0.24%) today
Markets closed · 8:11pm ET

Q2 2025 Earnings

Reported Jul 23, 2025, 4:30pm ET · SEC source
$0.24
Miss −27.34%
EPS · est. $0.33
$53.3M
Beat +3.24%
Revenue · est. $51.6M
+2.6%
Beating market
GTY vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%Jul 23Jul 24report 4:30pm ETearnings+0.0%+1.1%
0+2%Jul 23Jul 24earnings+0.0%+1.1%
GTY +1.1%S&P 500 +0.0%
0+2%Jul 23Jul 24report 4:30pm ETearnings−0.0%+1.1%
0+2%Jul 23Jul 24earnings−0.0%+1.1%
GTY +1.1%NASDAQ −0.0%
0+2%+4%Jul 22Jul 31report 4:30pm ETearnings−0.5%+2.1%
0+2%+4%Jul 22Jul 31earnings−0.5%+2.1%
GTY +2.1%S&P 500 −0.5%
0+2%+4%Jul 22Jul 31report 4:30pm ETearnings−0.3%+2.1%
0+2%+4%Jul 22Jul 31earnings−0.3%+2.1%
GTY +2.1%NASDAQ −0.3%
+1.07%
Day of report
+0.95%
Next session
+1.02%
One week
+3.82%
30 days

S&P 500 over the same 30 days: +1.27%.

Did GTY Beat Earnings? Q2 2025 Results

Getty Realty delivered a mixed second quarter for 2025, posting revenue that cleared expectations while GAAP earnings fell well short of Wall Street's target. The convenience and automotive retail REIT generated $53.26 million in revenue, up 6.7% year-over-year and ahead of the $51.59 million consensus by 3.24%, but diluted EPS of $0.24 missed the $0.33 estimate by 27.34%, weighed down by a sharp swing in environmental expenses that climbed to $5.34 million from a credit of $150,000 a year ago, largely reflecting increased litigation accruals. Net earnings fell to $14.01 million from $16.71 million in the prior-year period. Beneath the GAAP headline, adjusted funds from operations grew to $0.59 per diluted share from $0.58, underscoring the portfolio's cash-generating momentum as base rental income rose 9.9% to $50.00 million. The company deployed $66.10 million across 28 properties during the quarter and raised its full-year 2025 AFFO guidance to $2.40 to $2.41 per share, with a committed pipeline exceeding $90.00 million supporting continued growth.

Key Takeaways
  • Base rental income grew 9.9% to $50.0 million driven by incremental revenue from recently acquired properties and contractual rent increases
  • AFFO per share increased to $0.59 from $0.58 year-over-year
  • Property operating expenses declined due to reductions in reimbursable real estate taxes and rent expense
  • Increased tenant rent coverage reported

“Getty delivered another quarter of consistent results, highlighted by accelerating investment activity, continued earnings growth, and stable portfolio performance.”

Getty Realty CEO, on the earnings call

Forward Guidance & Outlook

Getty increased its full-year 2025 AFFO guidance to a range of $2.40 to $2.41 per diluted share, up from the prior range of $2.38 to $2.41 per diluted share, driven by year-to-date investment activity and the resolution of a previously disclosed tenant bankruptcy. The guidance includes completed transaction activity as of the release date but does not include assumptions for any 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 $90 million for 36 convenience and automotive retail properties expected to fund over the next 6-9 months.

GTY YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$20.0M$40.0M$49.9M$53.3MRevenue$26.2M$24.9MOperating Income$16.7M$14.0MNet Income
$0$20.0M$40.0MRevenueOperating IncomeNet Income

GTY Revenue by Segment

Revenues from Rental Properties$52.7M+8.2%
Interest on Notes and Mortgages Receivable$533,000

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