NYSE$GTY

Getty Realty Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Second quarter results announced with solid performance and strategic initiatives execution.

Getty Realty Corp. reported a solid second quarter, demonstrating resilience through strong rent collections and strategic initiatives, including accretive acquisitions and redevelopment projects. The company collected 98% of contractual base rent and mortgage payments for July, reflecting the strength of its portfolio.

  • Net earnings were $0.26 per share.
  • Funds From Operations (FFO) was $0.44 per share.
  • Adjusted Funds From Operations (AFFO) was $0.44 per share.
  • Three properties were acquired for an aggregate of $11.4 million.

Headline financials

Total Revenue

$37M

Previous: $34.3M+7.9%
EPS (adj)

$0.44

Previous: $0.43+2.3%
Capital Expenditures

-$68.7M

Previous: -$30.1M-128.0%
Free Cash Flow

-$57.7M

Previous: -$16.9M-240.9%
Net Income

$11M

Previous: $13.2M-16.9%
Operating Income

$17.6M

Previous: $17.7M-0.5%
Gross Profit

$30.6M

Previous: $28.6M+6.9%
Cash & Equivalents

$25.1M

Previous: $25.6M-1.8%
Total Assets

$1.26B

Previous: $1.18B+7.4%
Stock-Based Comp

$868K

Previous: $665K+30.5%

Revenue & EPS history

Getty · Revenue · Quarterly

$37M

Q2 2020+7.9%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Getty · $36.3M total across 1 segment · Q2 2020

  • Revenues from rental properties
    $36.3M+8.3%

Forward guidance

Given the uncertainty related to the COVID-19 pandemic, the related shelter-in-place restrictions, and the length and depth of economic impact to the US economy and businesses, the Company has previously withdrawn its 2020 earnings guidance.

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 Q2 2020

Historical avgQ2 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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