Getty Realty Corp. reported strong fourth quarter investment and operating results, with net earnings of $0.39 per share and AFFO of $0.60 per share. The company invested $76.4 million across 21 properties at an 8.9% initial cash yield.
Net earnings for Q4 2024 were $0.39 per share.
Funds From Operations (FFO) for Q4 2024 were $0.57 per share.
Adjusted Funds From Operations (AFFO) for Q4 2024 were $0.60 per share.
The company invested $76.4 million across 21 properties at an 8.9% initial cash yield in Q4 2024.
The company is adjusting its 2025 AFFO guidance to $2.38 to $2.41 per diluted share, from its initial guidance of $2.40 to $2.42 per diluted share, to account for the potential impact of a recent tenant bankruptcy filing. The outlook includes completed transaction activity as of the release date, as well as the issuance and simultaneous repayment of unsecured notes. It does not include assumptions for any prospective acquisitions, dispositions, or capital markets activities.
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