earnings
confidence high
sentiment positive
materiality 0.70
Getty Realty Q3 AFFO $0.59/sh; raises FY2024 guidance; invests $30.2M
GETTY REALTY CORP /MD/
2024-Q3 EPS reported
$0.86
revenue$150,375,000
- Q3 2024 net earnings $0.27/sh; FFO $0.56/sh; AFFO $0.59/sh.
- Invested $30.2M in 16 properties at 8.0% initial cash yield; $147.6M YTD total.
- Raised $121.1M in common stock offering and agreed to $125M private placement of senior notes.
- Extended leases covering 11.0% of ABR; portfolio WALT now exceeds 10.0 years.
- Committed investment pipeline >$70M for 24 convenience/automotive retail properties.