Getty Realty (NYSE:GTY) Releases Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Key Points

• Getty Realty beat Q1 expectations with $0.63 EPS vs. $0.34 consensus and raised FY‑2026 guidance sharply to $2.50–$2.52 EPS, signaling a stronger profit outlook and continued investment activity.
• The company declared a quarterly dividend of $0.485 (annualized yield ~5.8%), though the payout ratio is high at ~144.8%, which could raise sustainability concerns.
• Shares traded lower (~2.4%) on heavy volume as investors reacted to dilution and financing moves — a ~$129.9M follow‑on equity offering and a $250M senior note placement that increase leverage and dilution risk.

Getty Realty (NYSE:GTY - Get Free Report) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29, Zacks reports. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The business had revenue of $57.84 million for the quarter, compared to analyst estimates of $58.41 million. During the same quarter in the previous year, the company earned $0.59 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. Getty Realty updated its FY 2026 guidance to 2.500-2.52 EPS.

Getty Realty Trading Down 2.4%

NYSE GTY traded down $0.83 on Wednesday, hitting $33.21. 574,958 shares of the company were exchanged, compared to its average volume of 533,077. The company's 50 day moving average price is $32.97 and its 200-day moving average price is $29.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market capitalization of $1.99 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 2.52 and a beta of 0.81. Getty Realty has a twelve month low of $25.39 and a twelve month high of $34.72.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 5.8%. The ex-dividend date is Thursday, June 25th. Getty Realty's payout ratio is presently 144.78%.

Trending Headlines about Getty Realty

Here are the key news stories impacting Getty Realty this week:

• Positive Sentiment: Raised FY‑2026 earnings guidance sharply (EPS guidance of 2.50–2.52 vs. Street ~1.81), signaling stronger-than-expected profit outlook — a bullish operational catalyst for the stock. Getty Realty Raises 2026 AFFO Guidance on Strong Growth
• Positive Sentiment: Q1 results beat on key metrics: FFO/AFFO and EPS topped consensus, with continued investment activity (invested $30.3M across 29 properties) and a committed pipeline >$125M — supports growth and cash‑flow outlook. Getty Realty Corp. Announces First Quarter 2026 Results
• Positive Sentiment: Declared a regular quarterly cash dividend of $0.485 per share (annualized yield ~5.7%), which supports the stock’s income appeal for REIT investors. Getty Realty Corp. Announces Regular Quarterly Cash Dividend
• Neutral Sentiment: Capital structure actions included a $250M private placement of senior unsecured notes and repayment of the revolver — reduces near‑term liquidity risk but increases long‑term leverage/interest obligations. Getty Realty Corp. Announces First Quarter 2026 Results
• Neutral Sentiment: Top‑line was roughly flat to slightly below some street revenue expectations (minor miss on quarterly revenue), but margin metrics and FFO held up — mixed signal on near‑term operating cadence. Q1 Results Slide Deck / Press Release
• Negative Sentiment: Raised gross proceeds of ~$129.9M from a follow‑on common stock offering tied to forward sales agreements — immediate capital boost but introduces dilution risk that likely pressured the stock despite operational beats. Getty Realty Corp. Announces First Quarter 2026 Results
• Negative Sentiment: Market reaction: shares are trading lower on higher volume — suggests investors are focused on dilution and share issuance risk even as fundamentals improve. (Trading data and intraday volume noted in market summaries.)

Institutional Trading of Getty Realty

Several institutional investors and hedge funds have recently bought and sold shares of GTY. Advisors Asset Management Inc. purchased a new position in Getty Realty during the 1st quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its stake in shares of Getty Realty by 3,996.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,159 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Getty Realty in the 3rd quarter valued at approximately $56,000. CIBC Private Wealth Group LLC bought a new position in shares of Getty Realty in the 3rd quarter valued at approximately $58,000. Finally, State of Wyoming acquired a new stake in Getty Realty in the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GTY shares. Weiss Ratings upgraded Getty Realty from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, April 15th. Royal Bank Of Canada lifted their price target on shares of Getty Realty from $30.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 17th. Finally, UBS Group lifted their target price on Getty Realty from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.20.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company's portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.

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