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Mar 31, 2021
Getty Q1 2021 Earnings Report
Getty Realty Corp. reported strong first quarter results driven by the stability of the core portfolio and the strength of tenants' operating businesses.
Key Takeaways
Getty Realty Corp. announced its financial results for the quarter ended March 31, 2021, reporting net earnings of $0.40 per share and strong growth in revenues from rental properties, driven by acquisitions and contractual rent increases.
Net earnings were $0.40 per share.
Funds From Operations (FFO) was $0.44 per share.
Adjusted Funds From Operations (AFFO) was $0.47 per share.
Invested an aggregate of $30.3 million across nine properties.
Revenue by Segment
Forward Guidance
The Company reaffirms its 2021 AFFO guidance of $1.86 to $1.88 per diluted share. The Company’s outlook includes completed transaction activity as of the date of this release, but does not otherwise assume additional investment or capital markets activities for the remainder of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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