Getty Realty (GTY) Q1 2026 Earnings
Includes a $7.5 million environmental expense credit from removal of previously accrued unknown reserve liabilities, and $2.9 million of non-recurring retirement and severance costs related to the former COO.
How Did GTY Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +5.95%.
Did GTY Beat Earnings? Q1 2026 Results
Yes. Getty Realty reported Q1 2026 earnings of $0.43 a share on Apr 22, 2026, beating the $0.35 consensus estimate by 24.5%. Revenue was $57.8M against a $57.8M estimate.
Getty Realty posted a standout first quarter for 2026, with GAAP diluted EPS of $0.43 beating the $0.35 consensus by 24.46%, even as investors noted that the figure includes two notable one-time items: a $7.5 million environmental expense credit from the removal of previously accrued unknown reserve liabilities, and $2.93 million in non-recurring retirement and severance costs tied to the departure of the former Chief Operating Officer. Revenue of $57.84 million edged past estimates by 0.02% and grew 10.5% year over year, driven primarily by a 12.5% rise in base rental income to $55.80 million, reflecting incremental revenue from acquisitions and contractual rent escalators across its convenience and automotive net lease portfolio. GAAP net income nearly doubled to $26.63 million from $14.79 million in Q1 2025, while FFO climbed to $42.69 million and AFFO reached $38.98 million. With a committed investment pipeline exceeding $125 million across 43 properties, Getty raised its full-year 2026 AFFO guidance to $2.50 to $2.52 per diluted share, though some observers note that long-term shifts in fuel demand and mobility trends remain a watch item for the portfolio.
- Base rental income grew 12.5% YoY to $55.8 million, driven by incremental revenue from recently acquired properties and contractual rent increases
- Environmental expense credit of $7.5 million from removal of previously accrued unknown reserve liabilities
- Invested $30.3 million across 29 properties at an 8.0% initial cash yield
- Strategic lease extensions totaling $11.3 million of ABR (5.0% of total ABR) increased WALT to 10.1 years
“Getty had a productive first quarter highlighted by strong year-over-year earnings growth and an increase to our full year 2026 earnings guidance. Investment activity in the quarter reflected our efforts to continue diversifying our portfolio and, importantly, our opportunity set is as robust as we've seen in several quarters. We also executed multiple strategic lease extensions that reduced near-term lease expiration risk, and completed a well-timed forward equity offering that enhanced our liquidity profile to support our growing investment pipeline. We are very well positioned to execute our 2026 business plan.”
Getty Realty CEO, on the earnings call
What Was Getty Realty's Outlook in Q1 2026?
Getty Realty increased its full-year 2026 AFFO guidance to a range of $2.50 to $2.52 per diluted share, up from the prior range of $2.48 to $2.50 per diluted share. The guidance includes completed transaction activity as of the date of the release but does not include 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 $125 million for the development and/or acquisition of 43 convenience and automotive retail properties, with the majority expected to fund over the next 3–12 months.
GTY YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $57.8M | $52.3M | +10.5% |
| Operating Income | $38.3M | $26.4M | +44.8% |
| Net Income | $26.6M | $14.8M | +80.1% |
GTY Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.