NYSE$GTY

Getty Realty Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported strong results driven by strategic investments and capital markets activities.

Getty Realty Corp. announced strong third-quarter results, highlighted by $269 million in year-to-date investments. The company reported net earnings of $0.31 per share, FFO of $0.53 per share, and AFFO of $0.57 per share. As a result of year-to-date investment and capital markets activity, the Company is increasing its 2023 AFFO guidance to a range of $2.24 to $2.25 per diluted share from the prior range of $2.23 to $2.24 per diluted share.

  • Net earnings were $0.31 per share.
  • Funds From Operations (FFO) were $0.53 per share.
  • Adjusted Funds From Operations (AFFO) were $0.57 per share.
  • Invested $155.0 million across 50 properties.

Headline financials

Total Revenue

$50.5M

Previous: $42M+20.3%
EPS (adj)

$0.57

Previous: $0.54+5.6%
Committed investment pipeline

$95M

No prior period
Capital Expenditures

-$193M

Previous: -$63.6M-203.9%
Free Cash Flow

-$177M

Previous: -$50.3M-252.5%
Net Income

$16M

Previous: $13.3M+20.5%
Operating Income

$24M

Previous: $20.2M+19.1%
Gross Profit

$41.8M

Previous: $36.2M+15.3%
Cash & Equivalents

$5.5M

Previous: $11.4M-52.0%
Total Assets

$1.78B

Previous: $1.49B+19.4%
Stock-Based Comp

$1.44M

Previous: $1.23M+17.6%

Revenue & EPS history

Getty · Revenue · Quarterly

$50.5M

Q3 2023+20.3%vs Q3 2022
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 2023 AFFO guidance to a range of $2.24 to $2.25 per diluted share from the prior range of $2.23 to $2.24 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 2023

Historical avgQ3 2023

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro