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Dec 31, 2020
Getty Q4 2020 Earnings Report
Reported solid Q4 2020 results driven by growth in AFFO per share, reliable rent escalators, acquisition activity, and redevelopment project completions.
Key Takeaways
Getty Realty Corp. announced strong financial results for Q4 2020, with net earnings of $0.77 per diluted share and AFFO of $0.48 per diluted share. The company benefited from reliable rent escalators, acquisition activity, and the completion of select redevelopment projects. Rent collections remained stable throughout the year, with 99% of contractually due rent and mortgage payments collected during the quarter.
Net earnings were $0.77 per diluted share.
FFO was $0.91 per diluted share.
AFFO was $0.48 per diluted share.
99% of contractually due rent and mortgage payments were collected.
Revenue by Segment
Forward Guidance
The Company has established its 2021 AFFO guidance at a range of $1.86 to $1.88 per diluted share.
Positive Outlook
- Completed transaction activity as of the date of this release
- Guidance is based on current plans and assumptions
- Tenants offer consumers convenience and necessity services
- Expect ongoing demand for tenants businesses
- Well capitalized with a flexible balance sheet
Challenges Ahead
- Does not assume any potential future acquisitions
- Does not assume any potential future capital markets activities for the remainder of 2021.
- Subject to risks and uncertainties
- Risks and uncertainties more fully described in this press release
- Risks and uncertainties described in the Company’s periodic reports filed with the Securities and Exchange Commission
Historical Earnings Impact
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Avg. Return Before/After Earnings
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