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Sep 30, 2022
Getty Q3 2022 Earnings Report
Reported steady earnings growth and incremental investments in target asset classes.
Key Takeaways
Getty Realty Corp. announced its financial results for the quarter ended September 30, 2022. The company reported net earnings of $0.27 per share, FFO of $0.50 per share, and AFFO of $0.54 per share. They invested $14.9 million across eight properties. The company is increasing its 2022 AFFO guidance to a range of $2.12 to $2.13 per diluted share.
Net earnings of $0.27 per share
Funds From Operations (“FFO”) of $0.50 per share
Adjusted Funds From Operations (“AFFO”) of $0.54 per share
Invested $14.9 million across eight properties, plus an additional $6.4 million across two properties subsequent to quarter end
Forward Guidance
The Company is increasing its 2022 AFFO guidance to a range of $2.12 to 2.13 per diluted share from its prior range of $2.10 to $2.12 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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