Getty Realty (GTY) Reports In-Line Q3 EPS; Lifts Outlook

Getty Realty (NYSE: GTY) reported Q3 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $41.97 million versus the consensus estimate of $40.53 million.

GUIDANCE:

As a result of the Company’s year-to-date investment and capital markets activity, 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. The Company’s outlook includes completed transaction activity as of the date of this release, but does not include assumptions for prospective acquisitions, dispositions, or capital markets activities. The Company’s outlook includes approximately $0.4 million of total 2022 demolition costs for redevelopment projects with rent commencements anticipated in 2023 and 2024.

For earnings history and earnings-related data on Getty Realty (GTY) click here.

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