Q2 26 EPS
$0.62
BEAT +34.55%
Est. $0.46
Q2 26 Revenue
$59.1M
MISS 0.30%
Est. $59.2M
vs S&P Since Q2 26
-13.6%
TRAILING MARKET
GTY -8.8% vs S&P +4.8%
Market Reaction
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… Read more 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
GTY 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, source: SEC Filings
GTY Revenue by Segment
Business unit performance breakdown
“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.”
— Christopher J. Constant, Q2 2026 Earnings Press Release
GTY Earnings Trends
GTY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GTY EPS Trend
Earnings per share: estimate vs actual
GTY Revenue Trend
Quarterly revenue: estimate vs actual
GTY Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.46 | $0.62 | +34.55% | $59.1M | -0.30% |
| Q4 25 BEAT FY | $0.34 | $0.45 | +31.35% | $60.5M | +8.24% |
| FY Full Year | $1.28 | $1.35 | +5.49% | $221.7M | +3.49% |
| Q3 25 BEAT | $0.34 | $0.40 | +18.24% | $55.6M | +4.97% |
| Q2 25 MISS | $0.33 | $0.24 | -27.34% | $53.3M | +3.24% |
| Q1 25 MISS | $0.31 | $0.25 | -19.48% | $52.3M | -0.17% |