NYSE$GTY

Getty Realty Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Getty Realty Corp. reported earnings growth in the first quarter, driven by rent increases, acquisitions, and effective overhead cost management.

Getty Realty Corp. announced its financial results for the quarter ended March 31, 2020, reporting net earnings of $0.30 per share, FFO of $0.47 per share, and AFFO of $0.46 per share. The company acquired 12 properties for $57.3 million and completed two redevelopment projects. Due to the COVID-19 pandemic, Getty withdrew its previously issued 2020 guidance range.

  • Net earnings were $0.30 per share.
  • Funds From Operations (FFO) was $0.47 per share.
  • Adjusted Funds From Operations (AFFO) was $0.46 per share.
  • Acquired 12 properties for an aggregate of $57.3 million.

Headline financials

Total Revenue

$35.4M

Previous: $34M+3.9%
EPS (adj)

$0.46

Previous: $0.42+9.5%
Capital Expenditures

-$50.3M

Previous: -$78.1M+35.6%
Free Cash Flow

-$37.6M

Previous: -$67.2M+44.0%
Net Income

$12.7M

Previous: $10.9M+16.2%
Operating Income

$18.9M

Previous: $16.7M+13.3%
Gross Profit

$30.4M

Previous: $28.6M+6.6%
Cash & Equivalents

$35.9M

Previous: $19.1M+87.6%
Total Assets

$1.27B

Previous: $1.15B+10.6%
Stock-Based Comp

$732K

Previous: $474K+54.4%

Revenue & EPS history

Getty · Revenue · Quarterly

$35.4M

Q1 2020+3.9%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Getty · $34.7M total across 1 segment · Q1 2020

  • Revenues from rental properties
    $34.7M+4.1%

Forward guidance

Due to uncertainty related to the COVID-19 pandemic, Getty withdrew the 2020 earnings guidance that was previously provided.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.3%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.0%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+8.0%

Q3 2020

Best reaction

-10.9%

Q4 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.7%-0.2%-0.0%
Q4 2025+6.3%+8.9%+6.8%
Q3 2025+2.5%+2.1%+3.7%
Q2 2025+0.4%+2.3%+0.5%
Q1 2025-3.3%-2.1%+0.2%
Q4 2024+2.8%+0.8%+1.9%
Q3 2024+1.3%+1.0%+1.1%
Q2 2024+1.7%+0.9%+1.0%
Q1 2024-1.7%-1.0%-0.2%
Q4 2023+1.5%+0.1%+0.2%
Q3 2023+1.5%-1.0%+10.3%
Q2 2023-3.8%-5.0%-11.3%
Q1 2023+0.5%-0.5%+1.2%
Q4 2022+1.5%+0.7%+2.2%
Q3 2022+3.1%+5.2%+11.1%
Q2 2022+3.7%+6.2%+9.4%
Q1 2022+1.1%-5.5%+0.9%
Q4 2021-0.6%-0.8%+0.9%
Q3 2021+2.8%+2.5%-2.5%
Q2 2021-0.6%-2.3%-2.6%
Q1 2021+2.6%+3.5%+1.3%
Q4 2020+1.8%-1.0%+1.0%
Q3 2020+8.0%+6.2%+13.0%
Q2 2020+0.5%+0.8%-2.5%
Q1 2020+4.8%+6.1%+21.7%
Q4 2019-7.3%-7.8%-24.5%
Q3 2019-1.0%+0.5%-0.6%
Q2 2019-1.5%+0.1%+2.1%
Q1 2019+0.9%+2.4%-3.1%
Q4 2018-3.2%-1.7%-4.2%
Q3 2018+1.6%+1.3%+9.1%
Q2 2018+1.8%-0.0%+2.8%
Q1 2018-1.3%-1.1%+3.6%
Q4 2017+4.8%+3.2%+6.3%
Q3 2017-3.3%-3.0%-0.9%
Q2 2017+4.7%+5.5%+12.0%
Q1 2017-1.2%-2.1%-0.0%
Q4 2016-0.3%-2.8%-4.2%
Q3 2016-0.7%+0.5%+5.0%
Q2 2016+4.1%+5.3%+6.5%
Q1 2016-0.4%
Q4 2015+0.0%
Q3 2015-0.7%
Q2 2015+2.0%
Q1 2015-1.6%
Q4 2014-0.9%
Q3 2014-0.2%
Q2 2014+2.2%
Q1 2014+2.4%
Q4 2013+1.3%
Q3 2013+1.2%
Q2 2013-0.1%
Q1 2013+0.9%
Q4 2012-1.2%
Q3 2012-6.7%
Q2 2012-0.3%
Q1 2012+2.1%
Q4 2011-10.9%
Q3 2011-5.7%
Q2 2011-3.1%
Q1 2011-3.6%
Q4 2010-2.4%
Q3 2010+3.1%
Q2 2010+1.8%
Q1 2010+0.3%

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