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Jun 30, 2020
Getty Q2 2020 Earnings Report
Second quarter results announced with solid performance and strategic initiatives execution.
Key Takeaways
Getty Realty Corp. reported a solid second quarter, demonstrating resilience through strong rent collections and strategic initiatives, including accretive acquisitions and redevelopment projects. The company collected 98% of contractual base rent and mortgage payments for July, reflecting the strength of its portfolio.
Net earnings were $0.26 per share.
Funds From Operations (FFO) was $0.44 per share.
Adjusted Funds From Operations (AFFO) was $0.44 per share.
Three properties were acquired for an aggregate of $11.4 million.
Revenue by Segment
Forward Guidance
Given the uncertainty related to the COVID-19 pandemic, the related shelter-in-place restrictions, and the length and depth of economic impact to the US economy and businesses, the Company has previously withdrawn its 2020 earnings guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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