earnings
confidence high
sentiment positive
materiality 0.70
Getty Realty Q1 2023 AFFO $0.56/share; raises full-year guidance
GETTY REALTY CORP /MD/
2023-Q1 EPS reported
$0.28
revenue$43,020,000
- Net earnings $0.28 per share; FFO $0.50; AFFO $0.56 per share, ~8% YoY growth.
- Invested $60.7M in 26 properties in Q1; additional $12.7M in 5 properties post-quarter.
- Committed investment pipeline exceeds $105M for 34 convenience and automotive retail properties.
- Raised 2023 annual guidance citing accelerated earnings growth from investment activity.
- Completed successful capital markets transactions; balance sheet positioned for growth.