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Getty Realty Corp. announced positive Q1 2023 results, with nearly 8% growth in AFFO per share. They invested over $73 million in convenience and automotive retail assets and completed capital markets transactions, leading to raised annual outlook for 2023.
Net earnings: $0.28 per share
Funds From Operations (“FFO”): $0.50 per share
Adjusted Funds From Operations (“AFFO”): $0.56 per share
Invested $60.7 million across 26 properties
The company is raising its 2023 AFFO guidance to a range of $2.22 to $2.24 per diluted share from the prior range of $2.19 to $2.21 per diluted share.
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