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Sep 30, 2024
Getty Q3 2024 Earnings Report
Reported consistent earnings growth and expanded portfolio of convenience and automotive retail properties.
Key Takeaways
Getty Realty Corp. announced its Q3 2024 financial results, reporting net earnings of $0.27 per share, FFO of $0.56 per share, and AFFO of $0.59 per share. The company invested $30.2 million across 16 properties and raised approximately $121.1 million in a follow-on common stock offering. They also agreed to issue $125.0 million of new senior unsecured notes.
Net earnings were $0.27 per share.
Funds From Operations (FFO) was $0.56 per share.
Adjusted Funds From Operations (AFFO) was $0.59 per share.
Invested $30.2 million across 16 properties at an 8.0% initial cash yield.
Revenue by Segment
Forward Guidance
The company is raising its 2024 AFFO guidance to a range of $2.32 to $2.33 per diluted share from the prior range of $2.30 to $2.32 per diluted share.
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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