Companies /Real Estate

Getty Realty Corp

NYSE: GTY Reit - Retail
$32.87
▼ $0.08 (−0.24%) today
Markets closed · 12:50am ET

Q4 2025 Earnings

Reported Feb 11, 2026, 4:30pm ET · SEC source
$0.45
Beat +31.35%
EPS · est. $0.34
$60.5M
Beat +8.24%
Revenue · est. $55.9M
+4.0%
Beating market
GTY vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+3%+6%Feb 11Feb 12report 4:30pm ETearnings−1.5%+6.3%
0+3%+6%Feb 11Feb 12earnings−1.5%+6.3%
GTY +6.3%S&P 500 −1.5%
0+3%+6%Feb 11Feb 12report 4:30pm ETearnings−1.9%+6.3%
0+3%+6%Feb 11Feb 12earnings−1.9%+6.3%
GTY +6.3%NASDAQ −1.9%
0+4%+8%Feb 10Feb 19report 4:30pm ETearnings−1.2%+2.3%
0+4%+8%Feb 10Feb 19earnings−1.2%+2.3%
GTY +2.3%S&P 500 −1.2%
−4%0+4%+8%Feb 10Feb 19report 4:30pm ETearnings−1.7%+2.3%
−4%0+4%+8%Feb 10Feb 19earnings−1.7%+2.3%
GTY +2.3%NASDAQ −1.7%
+6.28%
Day of report
+0.67%
Next session
−3.69%
One week
+2.42%
30 days

S&P 500 over the same 30 days: −1.54%.

Did GTY Beat Earnings? Q4 2025 Results

Getty Realty delivered a standout fourth quarter, posting earnings of $0.45 per diluted share against a consensus estimate of $0.34, a beat of 30.81%, while revenue climbed 14.2% year over year to $60.55 million, ahead of the $53.07 million analysts had expected. The primary engine behind the outperformance was a 12.5% increase in base rental income to $54.80 million, fueled by $135.40 million in Q4 acquisitions spanning 22 convenience and automotive retail properties at a 7.9% initial cash yield, with full-year investment volume reaching $268.80 million across 73 properties at the same yield. AFFO rose to $0.63 per diluted share from $0.60 a year ago, reflecting the compounding benefit of contractual rent escalations and incremental revenue from recently added assets. Looking ahead, the company reaffirmed 2026 AFFO guidance of $2.48 to $2.50 per diluted share and entered the year with more than $500 million in liquidity, alongside a committed pipeline of roughly $100 million for 36 properties, even as a concurrent equity offering introduced some dilution into the capital structure.

Key Takeaways
  • 12.5% Q4 base rental income growth driven by incremental revenue from recently acquired properties and contractual rent increases
  • Invested $135.4 million in Q4 at a 7.9% initial cash yield across 22 properties
  • Full year investment volume of $268.8 million at a 7.9% initial cash yield across 73 properties
  • Reduction in property operating expenses due to lower reimbursable real estate taxes and rent expense

“We are pleased with Getty's strong fourth quarter and full year 2025 performance, which reflect the merits of our disciplined investment strategy, consistent earnings growth, and the reliability of our portfolio of convenience and automotive retail properties.”

Getty Realty CEO, on the earnings call

Forward Guidance & Outlook

Getty reaffirmed its 2026 AFFO guidance of $2.48 to $2.50 per diluted share. The guidance includes completed transaction activity as of the release date but excludes prospective acquisitions, dispositions, or capital markets activities, including the settlement of outstanding forward sale agreements. As of February 11, 2026, the company had a committed investment pipeline of approximately $100 million for the development and/or acquisition of 36 convenience and automotive retail properties with 12 different tenants, expected to fund over the next 3-12 months. The company cited more than $500 million of liquidity entering 2026.

GTY YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$20.0M$40.0M$60.0M$53.0M$60.5MRevenue$32.7M$40.7MOperating Income$22.3M$27.0MNet 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.