NYSE$GTY

Getty Realty Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported steady earnings growth and incremental investments in target asset classes.

Getty Realty Corp. announced its financial results for the quarter ended September 30, 2022. The company reported net earnings of $0.27 per share, FFO of $0.50 per share, and AFFO of $0.54 per share. They invested $14.9 million across eight properties. The company is increasing its 2022 AFFO guidance to a range of $2.12 to $2.13 per diluted share.

  • Net earnings of $0.27 per share
  • Funds From Operations (“FFO”) of $0.50 per share
  • Adjusted Funds From Operations (“AFFO”) of $0.54 per share
  • Invested $14.9 million across eight properties, plus an additional $6.4 million across two properties subsequent to quarter end

Headline financials

Total Revenue

$42M

Previous: $40.1M+4.7%
EPS (adj)

$0.54

Previous: $0.50+8.0%
Capital Expenditures

-$63.6M

Previous: -$127M+49.9%
Free Cash Flow

-$50.3M

Previous: -$113M+55.5%
Net Income

$13.3M

Previous: $14M-5.1%
Operating Income

$20.2M

Previous: $20M+0.7%
Gross Profit

$36.2M

Previous: $33.6M+8.0%
Cash & Equivalents

$11.4M

Previous: $7.28M+57.3%
Total Assets

$1.49B

Previous: $1.4B+6.2%
Stock-Based Comp

$1.23M

Previous: $1.04M+18.3%

Revenue & EPS history

Getty · Revenue · Quarterly

$42M

Q3 2022+4.7%vs Q3 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Getty · $48.8M total across 1 segment · Q3 2023

  • Revenues from rental properties
    $48.8M

Forward guidance

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.

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 Q3 2022

Historical avgQ3 2022

+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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