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Mar 31, 2024
Getty Q1 2024 Earnings Report
Announced first quarter 2024 results and reaffirmed 2024 full year earnings outlook.
Key Takeaways
Getty Realty Corp. reported a positive first quarter, driven by consistent results from its in-place portfolio and strategic acquisitions. The company invested $41.0 million across 35 properties and has a committed investment pipeline of more than $44.0 million.
Net earnings were $0.30 per share.
Funds From Operations (FFO) were $0.53 per share.
Adjusted Funds From Operations (AFFO) was $0.57 per share.
Invested $41.0 million across 35 properties, with an additional $7.2 million invested subsequent to quarter end.
Revenue by Segment
Forward Guidance
The Company reaffirms its most recent 2024 AFFO guidance of $2.29 to $2.31 per diluted share. The Company’s outlook includes completed transaction activity as of the date of this release, but does not include assumptions for any prospective acquisitions, dispositions, or capital markets activities (including the settlement of outstanding forward sale agreements).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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