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GTY-News
GTY-Events
Getty Reports Q1 Revenue of $57.84M, Beats Consensus
Reports Q1 revenue $57.84M, consensus $57.56M. "Getty had a productive first quarter highlighted by strong year-over-year earnings growth and an increase to our full year 2026 earnings guidance," stated Christopher Constant, Getty's president and CEO. "Investment activity in the quarter reflected our efforts to continue diversifying our portfolio and, importantly, our opportunity set is as robust as we've seen in several quarters. We also executed multiple strategic lease extensions that reduced near-term lease expiration risk, and completed a well-timed forward equity offering that enhanced our liquidity profile to support our growing investment pipeline. We are very well positioned to execute our 2026 business plan."
Company Raises 2026 AFFO Guidance to $2.50 to $2.52 per Share
Consensus $2.52. The company said, "The Company is increasing its 2026 AFFO guidance to a range of $2.50 to $2.52 per diluted share from the prior range of $2.48 to $2.50 per diluted share. The Company's outlook includes completed transaction activity as of the date of this release, but does not include prospective acquisitions, dispositions, or capital markets activities."
Company Extends Five Leases Totaling $10.9M
The Company has extended the lease terms for five unitary leases totaling $10.9M of annual base rent, or 5.0% of total ABR as of December 31, 2025. Pro forma for this leasing activity: The portfolio's weighted average lease term increased from 9.9 years to 10.4 years; ABR expiring in 2027 decreased by approximately 70% to 1.7% of total ABR; Aggregate 2026 and 2027 lease expirations represented less than 2.8% of total ABR,
JPMorgan and Wells Fargo Jointly Manage Offering with Price Range of $32.80-$33.50
JThe deal range was $32.80-$33.50. PMorgan and Wells Fargo acted as joint book running managers for the offering.
JPMorgan and Wells Fargo Jointly Manage New Offering
JPMorgan and Wells Fargo are acting as joint book running managers for the offering.
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