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Mar 31, 2023
Getty Q1 2023 Earnings Report
Reported an increase in AFFO per share, invested in convenience and automotive retail assets, and completed capital markets transactions.
Key Takeaways
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
Forward Guidance
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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